What happened On a somewhat mixed day for the crypto market, several cryptocurrencies fell for an array of different reasons, which isn’t always the case in the crypto industry, where the price of Bitcoin (BTC 0.32%) typically drives much of the action. Since late afternoon Tuesday, the price of Solana (SOL -4.54%) was down by about 4.3% as of 1:40 p.m. ET Wednesday. Meanwhile, the price of Bitcoin SV (BSV -9.88%) traded roughly 9% lower, while the price of Sandbox (SAND -5.03%) was down… Source link

A closely followed technical analyst says that Ethereum (ETH) and the broader altcoin markets are set for an unexpected macro move to the upside. The pseudonymous analyst known as TechDev tells his 403,000 Twitter followers that several different metrics are suggesting that crypto markets have bottomed out and are setting the stage for the next run-up. TechDev shares a chart that appears to show the altcoin market cap, plus Litecoin (LTC) in its Bitcoin (BTC) pair (LTC/BTC)… Source link

Since Dec. 31, 2022, ethereum’s market dominance has increased by more than 3% among the thousands of crypto assets worldwide, valued at roughly $856 billion on Jan. 11, 2023. According to coinmarketcap.com, a popular coin market capitalization aggregation site, ethereum’s crypto market dominance jumped from 18.4% to its current 19% dominance rating. Ethereum’s Market Share Grows Amid Frenzied Surge in the Cryptocurrency Markets Ethereum (ETH), the second-leading crypto market… Source link

Ethereum price (ETH) gained 10.2% from Jan. 4 to Jan. 10, breaching the $1,300 resistance without much effort, but has the Ether price move cast a light on whether the altcoin is ready to begin a new uptrend. Will Ethereum’s former resistance level turn to support? After testing the $1,200 support on Jan. 1, the eight-week ascending channel has displayed strength, but Ether bulls fear that negative newsflow might break the pattern to the downside. Ether/USD price index, 12-hour. Source:… Source link

Ethereum price (ETH) gained 10.2% from Jan. 4 to Jan. 10, breaching the $1,300 resistance without much effort, but has the Ether price move cast a light on whether the altcoin is ready to begin a new uptrend. Will Ethereum’s former resistance level turn to support? After testing the $1,200 support on Jan. 1, the eight-week ascending channel has displayed strength, but Ether bulls fear that negative newsflow might break the pattern to the downside. Ether/USD price index, 12-hour. Source:… Source link

Goertzel argues that such a composable AI network could democratize AI development in the same way cryptocurrencies and smart contracts democratize finance (though as we’ve seen, that’s a double-edged sword). Goertzel goes further, though, arguing that a recombinative environment for AI development, with each module developing independently, could be a better path to artificial general intelligence – that is, human-like digital minds. Source link

Fox News legal analyst Gregg Jarrett discusses the evidence against former FTX CEO Sam Bankman-Fried and how much of the stolen money could be retrieved on ‘Varney & Co.’ Just before crypto markets plunged last year, Sam Bankman-Fried‘s hedge fund made a $1 billion bet on Genesis Digital Assets, a Cyprus-registered bitcoin miner rigged to consume a small city’s worth of electricity in Kazakhstan. The cash injection from Mr. Bankman-Fried’s Alameda Research LLC was supersized even… Source link

It’s been a rough year and change since Bitcoin (BTC 0.31%) peaked in 2021. The leading cryptocurrency has plummeted 59% over the past year, and seen a portfolio-crushing 73% descent since hitting an all-time high just 14 months ago. The implosion of several high-profile digital currency exchanges and platforms has rattled the confidence of traders, but there could be an opportunity in the chaos. What if I told you that you could buy a position in Bitcoin at a 38% discount? And — no –… Source link

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Bitcoin (BTC) faces a “bottoming candle” in 2023, but BTC price action is still more than able to surprise the market. In a tweet on Jan. 11, popular trader and analyst Rekt Capital predicted that BTC/USD could see “decent upside” this year. Chart teases serious Bitcoin upside potential Analyzing Bitcoin’s four-year market cycles around block subsidy halving events, Rekt Capital drew attention to 2023 being the deadline for its next “bottoming candle.” With the next halving due in… Source link