Bitcoin

Bitcoin traded little changed Monday morning in Asia, holding above a four-month high of US$22,000 amid a broader rally over the weekend, helped by comments from a U.S. Federal Reserve official backing a smaller interest rate increase at the central bank’s meeting at the end of this month. Ether was also little changed in a mixed morning for the top 10 non-stablecoin cryptocurrencies. Dogecoin led gains, while Solana posted the biggest loss. See related article: Crypto is second most owned… Source link

While business leaders showed cautious optimism at this year’s World Economic Forum (WEF) in Davos, Switzerland, the same sentiment wasn’t felt for crypto. Compared to before, the once buzzy area of finance had a much smaller presence. As our Jennifer Schonberger put it, “gone were the crypto houses every ten feet, bitcoin-themed pizza stalls and advertising from previous years.” “I think regulated transparent infrastructure like ours is well-suited for this environment,” Jeremy… Source link

A closely followed crypto strategist says a major shift in trend could be underway for Bitcoin (BTC). In a new video, crypto analyst Kevin Svenson tells his 120,000 Twitter followers that a bullish macro shift is happening now for Bitcoin. “We are now breaking the largest falling wedge in Bitcoin’s history. It stems back from 2021 to 2022 to 2023… We are starting to break out. We’ve got to, of course, get some daily and weekly closes above this trendline, but this could… Source link

Ethereum We all know that Ethereum is the second largest cryptocurrency by volume. This altcoin caters to a wide range of potential applications, especially the aspect of smart contracts, which is why it finds itself in the list of the top cryptocurrencies worth investing in. Polkadot Polkadot’s ability to seamlessly connect all heterogeneous blockchain networks has caught the attention of investors from every corner of the world. This is the reason why one can find hundreds of projects… Source link

The host of Mad Money, Jim Cramer, has thanked Securities and Exchange Commission (SEC) Chairman Gary Gensler for standing up to the “crypto bullies” who want the regulator to approve a spot bitcoin exchange-traded fund (ETF). Cramer has repeatedly warned about the SEC cracking down on uncompliant crypto firms, urging investors to get out of the asset class now. Jim Cramer Praises SEC Chairman Gary Gensler The host of CNBC’s Mad Money show, Jim Cramer, has thanked the chairman… Source link

Equities, precious metals, and cryptocurrencies have been on a tear during the last three weeks of 2023, and all eyes are now focused on the next Federal Open Market Committee (FOMC) meeting, which is 11 days away. On Friday, Federal Reserve governor Christopher Waller said that he favors a quarter-point benchmark rate increase at the next FOMC meeting. Analysts believe that current market trajectories will be dependent on the outcome of the next Fed meeting. Markets Still on Edge… Source link

Bitcoin (BTC) is in for a new “big rally” as market strength copies conditions from after the 2018 bear market. According to the latest analysis, BTC/USD will continue to head higher “after some consolidation” thanks to key signals from its relative strength index (RSI). Bitcoin prints never-before-seen bullish divergence With the BTC price gains still coming, Bitcoin bulls are feeling increasingly confident despite widespread mistrust of the longevity of the current rally. For popular… Source link

Seasoned trader and analyst Tone Vays says that a Bitcoin (BTC) pullback below the key psychological area of $20,000 is now unlikely to transpire. Vays tells his 123,000 YouTube subscribers that the chances of Bitcoin falling below $20,000 has been drastically reduced after BTC rallied above $22,000 today. “If [Bitcoin] goes back above yesterday’s swing high [$21,650], I think going sub $20,000 now becomes very, very, very unlikely.” Looking at the weekly chart of Bitcoin,… 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