Bitcoin

But the announcement turned out to be “anticlimactic, at least in contrast to what the markets were guessing would happen,” said Michael Safai, managing partner of crypto trading firm Dexterity Capital. Safai told CoinDesk that the crypto market’s recent positive sentiment could lift further if institutional traders maintain BTC’s trading range between $20,000 and $21,000 over the next couple of days. Source link

Bitcoin fell from an all-time price high of close to $69,000 in November 2021 to below $16,000 in November 2022 (Getty Images/ iStock) The price of bitcoin is up by almost a third since the start of the year, leading to speculation that the prolonged ‘crypto winter’ is finally beginning to thaw. The world’s leading cryptocurrency was trading above $21,000 on Thursday, pushing its market cap higher than $400 billion for the first time since November. The latest gains come amid easing… Source link

“You will see them everywhere. You will see them in the Bahamas, you will see them in New York, London, and what we need to do as governments is to work together, with the industry as well, to ensure that if someone does something wrong, he can’t move from one place to the other,” he said. Source link

Cryptos responded in kind, testing lows but then recovering as investors chewed over the conflicting data. Bitcoin declined temporarily to $20,780 before finding its footing. The largest cryptocurrency by market capitalization was recently trading a little below $21,000. Ether’s price also dropped, to $1,513, before rising to near $1,550. Source link

Bitcoin (BTC) miner CleanSpark is expanding operations in the state of Georgia, adding to its mining capacity despite the ongoing bear market.  Groundbreaking on a new 50-megawatt Bitcoin mining facility in Washington, Georgia, is underway, with expected completion in late spring, CleanSpark disclosed on Jan. 19. The nearly $16 million expansion is expected to increase the company’s hashrate by 2.2 exahashes per second, with total hashrate reaching as high as 8.7 EH/s. The expanded… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Bitcoin (BTC) price has held above $20,700 for 4 days, fueling bulls’ hope for another leg up to $23,000 or even $25,000. Behind the optimistic move was a decline in inflationary pressure, confirmed by the December 2022 wholesale prices for goods on Jan. 18.  The United States producer price index, which measures final demand prices across hundreds of categories also declined 0.5% versus the previous month. Eurozone inflation also came in at 9.2% year-on-year in December 2022, marking the… Source link

Facebook outcasts, billionaire businessmen, pistachio slingers, Hollywood playboys, struggling musicians… The Winklevoss twins have worn many hats over the years – having shot to infamy after a famous fall-out with Meta founder Mark Zuckerberg, a story so sensationalized that it was forever immortalized by the movie industry.  But that unsteady celebrity has come at a high price for twins Tyler and Cameron, 41 – who are oft referred to as the ‘Winklevi’ in a nod to their eerily-identical… Source link

In his latest blog post released on Jan. 19, Arthur Hayes, the former CEO of BitMEX exchange predicted a “global financial meltdown” thanks to future United States economic woes. Hayes: Crypto will “get smoked” in Fed pivot Bitcoin’s current rally should likely not be taken as the start of a new bull run. That is the opinion of Arthur Hayes, who in a fresh treatise on U.S. macroeconomic policy this week warned that current Federal Reserve behavior would flip from restrictive to liberal,… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link