Bitcoin’s price has been performing quite well throughout the past week after weeks of prolonged consolidation. At the time of this writing, it increased above $18,000 for the first time since December 14th. BTC soared above $18,000, reaching as high as $18,370 (on Bitstamp) in Thursday’s early morning EU trading session. The last time the cryptocurrency was trading at these prices was on December 14th. Source: TradingView   The rest of the market also charted… Source link

Bitcoin and Ether prices rose in Thursday morning trading in Asia along with most other top 10 non-stablecoin cryptocurrencies, continuing almost a week’s run of price gains on signs of slower inflation in the U.S. The Consumer Price Index (CPI) for December will be released Thursday in the U.S., a key inflation indicator for the Federal Reserve’s interest rate policy. XRP posted the largest gains following developments in the U.S. Securities and Exchange Commission’s lawsuit against… Source link

Bitcoin (BTC) has clocked eight straight days of increasing prices and has surged back above $18,000 for the first time since mid-December. The cryptocurrency hadn’t recorded such a prolonged winning streak since July 2021, at the height of the COVID-19 pandemic.  Seven day Bitcoin price chart. Image: CoinMarketCap Over the last seven days, the price of BTC has increased nearly 8%, with a 4.1% surge in the last 24 hours at the time of writing. Cointelegraph analysts predicted on Jan. 11 that… Source link

Bitcoin (BTC) has clocked eight straight days of increasing prices and has surged back above $18,000 for the first time since mid-December. The cryptocurrency hadn’t recorded such a prolonged winning streak since July 2021, at the height of the COVID-19 pandemic.  Seven day Bitcoin price chart. Image: CoinMarketCap Over the last seven days, the price of BTC has increased nearly 8%, with a 4.1% surge in the last 24 hours at the time of writing. Cointelegraph analysts predicted Bitcoin could… Source link

El Salvador has passed landmark legislation providing the legal framework for a Bitcoin-backed bond — known as the “Volcano Bond” — which will be used to pay down sovereign debt and fund the construction of its proposed “Bitcoin City”. The bill passed on Jan. 11 with 62 votes for and 16 against, and is set to become law after it is ratified by President Bukele. #Plenaria90✍ Con 62 votos a favor, creamos la Ley de Emisión de Activos Digitales. pic.twitter.com/g1poXwLoH3 —… Source link

Long before Bitcoin (BTC), Bernie Madoff sat atop the longest-running, largest fraud in history. The rise and real-time fall of Sam “SBF” Bankman-Fried, former CEO of crypto exchange FTX, were expedited in comparison. While the similarities are profound, the storyline is not: Create organizations under false pretenses, develop relationships with people in authority positions, defraud clients, survive as long as possible, and try not to get caught. Madoff advisers experienced a… Source link

Monero receives a strong long-term technical score of 76 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. XMR currently holds a superior long-term technical analysis… Source link

Northern Data AG, a German company that specializes in Bitcoin mining and cloud computing, has released earnings results for its mining division. Northern Data AG said that in fiscal 2022, it mined 2,798 Bitcoin (BTC), up 315% from the previous year. This led to BTC mining revenues of 77.7 million euros in fiscal 2022. The company sold 3,005 BTC sold in 2022 for an average price of 23,849 euros, contributing to a cash revenue of 71.7 million euros. The data released by Northern Data also… Source link

What ultimately may be more useful is to examine when the number of new addresses starts to move higher again. Optimism seemed to appear in August, as the number of addresses began to increase with BTC at $22,000. The pivot downward appears in November, shortly after the FTX fallout. Source link

Bitcoin (BTC) price jumped to $17,500 on Jan. 11, driving it to its highest level in three weeks. The price move gave bulls control of the $275 million BTC weekly options expiry on Jan. 13 because bears had placed bets at $16,500 and lower.  The recent move has perma-bulls and dip buyers calling a market bottom and potential end to the bear market but what does the data actually show? Is the Bitcoin bear market over? It might seem too pessimistic to say right now, but Bitcoin did trade below… Source link