bitcoin

Ethereum Scaling Tool Polygon’s MATIC Token Surges Amid Spike in Transactions

Ethereum scaling tool Polygon’sMATIC token has surged 12% over the past 24 hours, continuing its strong momentum this year. MATIC was recently trading at $1.11. It is up 48% since Dec. 31 amid a spike in daily transactions that have made the blockchain the second largest for daily active users (DAU), according to data from Token Terminal. The rally comes amid a January upturn in the crypto market that has seen Aptos’ APT token skyrocketing more than 400%, Fantom’s FTM jumping about 145%… Source link

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Analyst Benjamin Cowen Warns of Huge Ethereum (ETH) Crash Incoming – Here’s His Price Target

Popular crypto analyst Benjamin Cowen thinks Ethereum (ETH) is in for some tough days ahead despite its price surge this month. Cowen tells his 783,000 YouTube subscribers that he believes it is likely ETH will drop to the $600-800 range, a roughly 50-60% fall from current prices. Ethereum is trading at $1,579 at time of writing. The second-ranked crypto asset by market cap is down by more than 2% in the past 24 hours but up nearly 4% in the past week. Cowen says ETH’s price… Source link

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Crypto Markets Today: Bitcoin Clings to $23K, FTX's Creditor List Revealed – CoinDesk

Crypto Markets Today: Bitcoin Clings to $23K, FTX's Creditor List Revealed – CoinDesk

Financial markets appear to be reacting positively to what they saw in the latest data, including an unexpectedly low number of  jobless claims. “Real disposable income,” which represents personal income after adjustments for taxes and inflation, increased 3.3%, while the quarter-to- quarter change in gross domestic purchase prices increased 3.2%, down from 4.8% in the third quarter. Source link

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Crypto Markets Today: Bitcoin Clings to $23K, FTX’s Creditor List Revealed – CoinDesk

Crypto Markets Today: Bitcoin Clings to $23K, FTX’s Creditor List Revealed – CoinDesk

Financial markets appear to be reacting positively to what they saw in the latest data, including an unexpectedly low number of  jobless claims. “Real disposable income,” which represents personal income after adjustments for taxes and inflation, increased 3.3%, while the quarter-to- quarter change in gross domestic purchase prices increased 3.2%, down from 4.8% in the third quarter. Source link

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Here’s why Bitcoin price could correct after the US government resolves the debt limit impasse

For much of 2022, the crypto market focused on the U.S. Federal Reserve’s actions. The central bank created a bearish environment for risk-on assets like stocks and cryptocurrencies by increasing the interest rates on borrowing.  Toward the end of 2022, positive economic data, healthy employment numbers and a decreasing inflation rate provided hope that a much-awaited slowdown in the rate of interest rate hikes would occur. Currently, the market expects the rate hikes to reduce from 50… Source link

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SEC Rejects Ark 21Shares Spot Bitcoin ETF for Second Time – CoinDesk

SEC Rejects Ark 21Shares Spot Bitcoin ETF for Second Time – CoinDesk

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

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Coinbase Fined $3.6M in the Netherlands for Failure to Register – CoinDesk

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

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Bitcoin Above $23K as US GDP Rose 2.9% In Q4 – CoinDesk

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

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Bitcoin can still crack $50K if gold correlation continues — Chart

Bitcoin (BTC) could get sucked toward $50,000 like a magnet if it continues to follow gold, fresh analysis predicts. In a Twitter update on Jan. 26, popular trader and market commentator TechDev presented a lofty new BTC price target tied to XAU/USD. Gold, Bitcoin inverse dollar correlation “without question” As the debate over how much Bitcoin will compete with gold remains, bullish-price takes are surfacing. For TechDev, the outlook is more optimistic than for many — Bitcoin might even… Source link

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