Cryptocurrency trading slowed significantly in 2022 and may not recover fully this year, according to the world’s largest independent crypto data aggregator. CoinGecko’s 2022 annual crypto industry report shows daily average crypto trading volume decreased steadily quarter-on-quarter, from around $100 billion in the first half of 2022, to $90 billion in the third quarter and $60 billion in the fourth quarter. “Dwindling volumes are a sign that investors are withdrawing further from the… Source link

Cryptocurrency trading slowed significantly in 2022 and may not recover fully this year, according to the world’s largest independent crypto data aggregator. CoinGecko’s 2022 annual crypto industry report shows daily average crypto trading volume decreased steadily quarter-on-quarter, from around $100 billion in the first half of 2022, to $90 billion in the third quarter and $60 billion in the fourth quarter. “Dwindling volumes are a sign that investors are withdrawing further from the… Source link

Bitcoin climbed back above $21,000 on Jan. 17, as markets reacted to better-than-expected Chinese gross domestic product (GDP) figures. The economic release comes as U.S. traders also returned to action, following the observation of the Martin Luther King Jr. Day celebration. Ethereum rose briefly above $1,600 earlier in the session. Bitcoin Bitcoin (BTC) rose back above the $21,000 mark on Tuesday, as markets reacted to the latest GDP figures from China. Figures from the world’s… Source link

ANI | Updated: Jan 17, 2023 17:00 IST New Delhi [India], January 17 (ANI/ATK): Most traders in the crypto market are unsure about which coin to buy and whether to go for long-term or short-term investments. Analysts maintain that despite the widespread crypto collapse, it is simply a storm that will be followed by a bullish surge in 2023. To that end, we have gathered various… Source link

AKRON, Ohio, Jan. 17, 2023 /PRNewswire/ — BIT Mining Limited (NYSE: BTCM) (“BIT Mining,” “the Company,” “we,” “us,” or “our company”), a leading technology-driven cryptocurrency mining company, today announced the launch of their state-of-the-art Litecoin (“LTC”) / Dogecoin (“DOGE“)  mining machine, model LD3 (“LD3”), which was specifically designed for mining on the DOGE and LTC blockchains. The power efficiency of 0.73 W/MH and 4800 MH/s delivery make the LD3 machine more profitable than… Source link

Bitcoin (BTC) hit new two-month highs overnight into Jan. 19 as suspicions over the market’s validity gained momentum. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Concern over BTC liquidity”exploit” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it consolidated above $21,000 after hitting $21,455 on Bitstamp. That marked the pair’s highest point yet in 2023, the latest accomplishment in a bullish recovery unchallenged since the FTX debacle. Amid… Source link

Bitcoin (BTC) has gained nearly 28% this month, hitting the highest since early November. The popular narrative on Crypto Twitter is that traders from Coinbase (COIN) have powered the cryptocurrency higher. However, the Nasdaq-listed exchange hasn’t been the only source of bullish pressures for the cryptocurrency. The Coinbase premium index, which measures the spread between Coinbase’s BTC/U.S. dollar (USD) pair and Binance’s BTC/USDT pair involving the tether stablecoin, turned positive last… Source link

“Regarding the average trade size, there has been a notable increase on Bitstamp, Kraken, Bitfinex and LMAX Digital and a slight increase on most other exchanges, including Binance, which suggest more whale-driven price action,” Clara Medalie, research director at Paris-based crypto data provider Kaiko, told CoinDesk in an email. Source link

Ethereum (ETH) Layer 2 (L2) networks spent a record-breaking 32 billion gas — a year-on-year increase of 22.8% — to validate transactions and activate bridges between Jan. 9 and Jan. 15, according to Dune Analytics data. Source: Dune Analytics Optimism (OP) contributed around 50% of the gas spent — with a seven-day moving average of 2.8 billion gas — followed by Arbitrum with about 30% of the share, according to Dune Analytics data. As of Jan. 17, L2 network gas expenditure on ETH… Source link

The Bitcoin (BTC) price rebound to a multi-month high has also positively affected mining stocks. Many crypto-mining stocks recorded their best monthly performance in a year. The surge in mining stocks also relieved the troubled miners who had to sell a significant chunk of their mined coins to boost liquidity in 2022. Bitfarms — one of the top BTC mining firms — registered a 140% surge in the first two weeks of January 2023, followed by Marathon Digital Holdings with a 120% surge. Hive… Source link