Bitcoin

Bitcoin broke the US$23,000 resistance line in Tuesday afternoon trading in Asia, with most other top 10 non-stablecoin cryptocurrencies by market capitalization also higher. Polkadot and BNB led gains, with equity markets higher on expectations of less aggressive rate hikes by the U.S. central bank. See related article: U.S.’ first nuclear-powered Bitcoin mining center to open in Q1 Fast facts Bitcoin, the biggest cryptocurrency by market capitalization, gained 1.6% to US$23,059 at 4 p.m. in… Source link

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Does an average 9% return on investment sound attractive? As it turns out, this is exactly what the Chinese New Year has had in store for Bitcoin investors for the past eight years, according to a new report by digital assets financial services platform Matrixport. “Buying Bitcoin at the end of the first day of Chinese New Year and selling it 10 trading days later would have returned +9%, on average, with all of the last eight years (2015-2022) showing positive returns,” Markus Thielen,… Source link

Jan 24 (Reuters) – Paranoid? The domino downfall of FTX and other crypto custodians is enough to make the most trusting investor grab their bitcoin and shove it under the mattress. Indeed, holders big and small are taking “self-custody” of their funds, moving them from crypto exchanges and trading platforms to personal digital wallets. In a sign of this shift among retail investors, the number of bitcoin held in smaller wallets – those with under 10 bitcoin – rose to 3.35 million as of Jan…. Source link

A prolonged decline in the cryptocurrency market can be challenging for investors. Still, others see it as a prime opportunity to purchase high-quality digital currencies at discounted prices. There are no guarantees, of course, but those who can maintain a level head and make investments during market turmoil may potentially see the greatest returns when the trend eventually reverses. Here are some cryptocurrencies to keep an eye on for 2023: RocketPool With Ethereum’s upcoming… Source link

Good morning. Here’s what’s happening: Prices: Bitcoin holds steady near $23K for another day; ether remains above $1,600. Insights: The price of ether declines relative to bitcoin. Prices CoinDesk Market Index (CMI) 1,089.14 +6.5 ▲ 0.6% Bitcoin (BTC) $22,968 +189.4 ▲ 0.8% Ethereum (ETH) $1,629 −10.2 ▼ 0.6% S&P 500 daily close 4,019.81 +47.2 ▲ 1.2% Gold $1,934 +7.2 ▲ 0.4% Treasury Yield 10 Years 3.52% ▲ 0.0 BTC/ETH prices per CoinDesk Indices; gold is COMEX spot price. Prices… Source link

Bitcoin edged higher to the US$23,000 resistance line, while Ether traded little changed in mixed early morning trading in Asia on Tuesday. Most top 10 non-stablecoin cryptocurrencies were moving in a boxed range of 1%. XRP and Polkadot were the breakout exceptions with both gaining more than 5%. See related article: India’s CoinDCX exchange says crypto tax rules are reducing government revenue Fast facts Bitcoin traded 0.9% higher at US$22,928 in the 24 hours to 8 a.m. in Hong Kong, bringing… Source link

CNBC’s Jim Cramer on Monday warned investors to stay away from crypto despite bitcoin‘s recent gains and instead look to gold. “The charts, as interpreted by Carley Garner, suggest you need to ignore the crypto cheerleaders now that bitcoin’s bouncing. And if you seriously want a real hedge against inflation or economic chaos, she says you should stick with gold. And I agree,” he said. Bitcoin continued to gain on Monday, reaching as high as $23,155.93 as investors bet that the Federal Reserve… Source link

FTX’s FTT Token: FTT has rallied nearly 150% this month as a bull revival in the broader market triggered a short squeeze in the battered cryptocurrency. Data tracked by Kaiko Research shows a balanced order book in Binance’s FTT-BUSD market, with the number of buy orders for 20,000 FTT or more now matching similar-sized sell orders. FTT previously crashed 96% in November, hitting a low of 81 cents as its parent exchange went bust. As of publication time, FTT was trading at $2.2, up 8% for… Source link

Bitcoin’s mining industry has been relatively stable compared to the bearish price action and the tumultuous fallout of exchanges and lending companies.  The network’s hashrate dipped slightly toward the end of 2022, primarily due to an unprecedented blizzard in the U.S., and has since recovered strongly to surpass its previous peak above 270 EH/s. It was particularly encouraging to see that the hashrate holding well above summer 2022 lows, despite the aftermath of FTX collapse. Bitcoin… Source link