Bitcoin

“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

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

Anthony Scaramucci, founder, SkyBridge Capital, explained that Bitcoin will reach $300K in six years Anthony Scaramucci, founder, SkyBridge Capital, is reportedly financing a crypto company that was established by FTX US’ previous president, as reported by Cointelegraph. Skybridge Capital is “pretty optimistic” about bitcoin and ethereum over the next 12 to 24 months. The global asset management firm’s founder explained that the world’s largest cryptocurrency Bitcoin will reach… Source link

Jan 17 (Reuters) – Bitcoin is on the charge in 2023, dragging the crypto market off the floor and electrifying bonk, a new meme coin. The No.1 cryptocurrency has clocked a 26% gain in January, leaping 22% in the past week alone, breaking back above the $20,000 level and putting in on course for its best month since October 2021 – just before the Big Crypto Crash. Ether has also risen, by 29% this year, helping drive the value of the overall global cryptocurrency market above $1 trillion,… Source link

Mike McGlone, Bloomberg’s senior commodity strategist believes Bitcoin (BTC) could be developing a  “bottom” in the same way it did prior to 2019’s bull run but said there is a major difference this time around. During a Jan. 16 interview with crypto podcaster Scott Melker, McGlone argued unlike in 2018 when financial institutions such as the Federal Reserve were easing interest rates, this time they’re still tightening along with “every central bank.” “Back then the Fed already started… Source link

Bitcoin held above US$21,000 in Tuesday morning trading in Asia with the total cryptocurrency market capitalization also briefly breaching the US$1 trillion-dollar mark in the last 24 hours for the first time since mid-November. Ether also rose along with Polygon and Solana on the top 10 list of non-stablecoin cryptocurrencies. Dogecoin fell. See related article: U.S. House of Representatives forms new cryptocurrency subcommittee Fast facts Bitcoin rose 1.4% to US$21,155 in the 24 hours to 8:45… Source link

Bitcoin held above US$21,000 in Tuesday morning trading in Asia with the total cryptocurrency market capitalization also briefly breaching the US$1 trillion-dollar mark in the last 24 hours for the first time since mid-November. Ether also rose along with Polygon and Solana on the top 10 list of non-stablecoin cryptocurrencies. Dogecoin fell. See related article: U.S. House of Representatives forms new cryptocurrency subcommittee Fast facts Bitcoin rose 1.4% to US$21,155 in the 24 hours to 8:45… Source link

“We see the main driver behind this 20% BTC hike over the past week key as the fact that some macro fears are subsiding with positive economic data in the US, including lower inflation stats and strong job growth numbers, in Europe, the EU released unemployment stats which were the lowest in 23 years and, China lifted many of the border restrictions,” Bradley Duke, co-CEO at crypto ETP provider ETC Group, wrote in an email. “This shift in sentiment was reflected in the BTC futures market,… Source link

DAOs need to set a minimum participation of voters to be present for a vote to be valid, sometimes called a quorum, along with a pass rate, or the number of affirmative votes needed to pass a proposal. There should also be a voting period, or an amount of time where a vote is live, in order to fairly determine the result. Source link

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