The crypto market is back up again, and many cryptocurrencies are regaining their value gradually. However, it is normal to see weak cryptocurrencies drop in value while others are bullish. Recently, popular cryptocurrencies, Monero and Dash, have declined. Meanwhile, the Snowfall Protocol put joy in investors’ hearts with its steady rise in demand over the past few weeks. In fact, Dash investors are dumping hard for the Snowfall Protocol as experts are confident that it will rise by… Source link

(Removes extraneous word in para 3) Jan 21 (Reuters) – Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 40.6% from the year’s low of $16,496 on January 1. Ether, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close. (Reporting by Jose Joseph in Bengaluru, Editing by William Maclean) Source link

Bitcoin (BTC) took a swing at $23,000 into Jan. 21 as Asia buyers drove fresh market strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bid liquidity causes suspicion Data from Cointelegraph Markets Pro and TradingView showed BTC/USD battling bears to reach $22,790 on Bitstamp overnight — its highest since August. With new multi-month peaks coming in quick succession despite fears of a major correction, Bitcoin continued to surprise as traders cleared the way for more… Source link

JPMorgan Chase CEO Jamie Dimon calls bitcoin “a hyped-up fraud.” The executive questioned the cryptocurrency’s supply cap, expecting a picture of bitcoin’s pseudonymous creator Satoshi Nakamoto to pop up and laugh at us all when bitcoin’s supply hits 21 million coins. JPMorgan’s CEO on Bitcoin and Its Supply Cap The CEO of global investment bank JPMorgan Chase, Jamie Dimon, reiterated his skepticism about bitcoin in an interview with CNBC Thursday. The JPMorgan executive… Source link

Monero (XMR) gets a neutral rating from InvestorsObserver Friday. The Digital Money asset is up 4.5% to $173.76 while the broader crypto market is up 7.44%. Monero has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Neutral Over the last five days, Monero has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of… Source link

Litecoin (LTC) gets a bullish rating from InvestorsObserver Friday. The coin is up 7.31% to $90.31 while the broader crypto market is up 7.32%. Litecoin has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Litecoin! Bullish Over the last five days, Litecoin has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Litecoin… Source link

On January 22, the leading cryptocurrencies such as Bitcoin and Ethereum are on a rise, having surged nearly 10% in the last seven days. Bitcoin is holding over $23,000 and Ethereum is up to trade above $1,650.  Bitcoin experienced a significant upswing and some possible contributors to this phenomenon include whale activity, public buying, and cryptocurrency’s potential for disrupting financial services.  The crypto market’s… Source link

D-Keine/iStock Unreleased via Getty Images Bitcoin (BTC-USD) is on track to end the week over 13% higher, despite yet another cryptocurrency firm falling victim to the recent downturn in the digital asset market. The parent company of troubled crypto lender Genesis filed for bankruptcy, buckling under losses from the collapse of FTX and Three Arrows Capital. Markus Thielen, head of research at crypto services provider Matrixport, said the market appears to have priced in the Genesis… Source link

Bitcoin mining powers network transactions and BTC price. During the 2021 bull run, some mining operations raised funds against their Bitcoin ASICs and BTC reserves. Miners also preordered ASICs at a hefty premium and some raised funds by conducting IPOs.  As the crypto market turned bearish and liquidity seized within the sector, miners found themselves in a bad situation and those who were unable to meet their debt obligations were forced to sell the BTC reserves near the market bottom or… Source link

CNE’s decline departs from recent performance, and still remains the top performing sector for the month. The index itself is designed to capture price movements of assets within the virtual world, gaming, metaverse, art and social network universe. Notable assets include Axie Infinity (AXIE), Apecoin (APE) and Livepeer (LPT) Source link