Bitcoin

A number of factors are behind bitcoin’s New Year rise, according to analysts, including an increased probability of interest rates being lowered and purchases by large buyers known as “whales.” Filip Radwanski | Sopa Images | Lightrocket | Getty Images Bitcoin has begun 2023 on a positive note, with the price of the world’s largest digital token up roughly 26% since the start of January. On Saturday, bitcoin’s price rose above $21,000 per coin for the first time since Nov. 7. It’s still a far… Source link

Emily Parker is CoinDesk’s executive director of global content. Previously, Emily was a member of the Policy Planning staff at the U.S. State Department, where she advised on Internet freedom and digital diplomacy. Emily was a writer/editor at The Wall Street Journal and an editor at The New York Times. She is the co-founder of LongHash, a blockchain startup that focuses on Asian markets. She is the author of “Now I Know Who My Comrades Are: Voices From the Internet Underground” (Farrar,… Source link

Bitcoin (BTC) is trading at its highest levels in over two months, but the phrase on every trader’s lips is “bull trap.” After delivering 25% returns in a single week, BTC/USD remains under suspicion for Bitcoin bear market survivors. Bitcoin bull trap fails to convince It has been called the “biggest bull trap” ever seen, and despite holding above $20,000, BTC price action is fooling no one. This week, with Wall Street closed until Jan. 17, out-of-hours trading continues to support… Source link

Bitcoin (BTC) is trading at its highest levels in over two months, but the phrase on every trader’s lips is “bull trap.” After delivering 25% returns in a single week, BTC/USD remains under suspicion among Bitcoin bear market survivors.  Bitcoin bull trap fails to convince It has been called the “biggest bull trap” ever seen, and despite holding above $20,000, BTC price action is fooling no one. This week, with Wall Street closed until Jan. 17, out-of-hours trading continues to… Source link

This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. CoinDesk Market Index (CMI) 1,001 +7.6 ▲ 0.8% Bitcoin (BTC) $20,838 +127.3 ▲ 0.6% Ethereum (ETH) $1,544 +11.3 ▲ 0.7% S&P 500 futures 4,005.75 −12.5 ▼ 0.3% FTSE 100 7,854.62 +10.5 ▲ 0.1% Treasury Yield 10 Years 3.51% ▲ 0.1 BTC/ETH prices per CoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC) Bitcoin, the… Source link

This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. CoinDesk Market Index (CMI) 1,001 +7.6 ▲ 0.8% Bitcoin (BTC) $20,838 +127.3 ▲ 0.6% Ethereum (ETH) $1,544 +11.3 ▲ 0.7% S&P 500 futures 4,005.75 −12.5 ▼ 0.3% FTSE 100 7,854.62 +10.5 ▲ 0.1% Treasury Yield 10 Years 3.51% ▲ 0.1 BTC/ETH prices per CoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC) Bitcoin, the… Source link

Bitcoin (BTC) shows the potential of stretching its ongoing price recovery to $25,000 by March, based on a mix of bullish technical and macro indicators. Bitcoin price exits descending channel range First, Bitcoin’s potential to hit $25,000 comes from its exit from a prevailing descending channel range. A bull run or bull trap? — Cointelegraph (@Cointelegraph) January 16, 2023 Notably, the BTC price broke out of the range late last week while accompanying a rise in its trading volumes. The… Source link

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Only one week ago bitcoin was still hovering around the $17,000 mark. Photo: Getty Bitcoin (BTC-USD) broke through the $21,000 mark in early Monday trading, a considerable price movement from a low of $16,000 at the beginning of the year. The world’s largest digital asset by market capitalisation surged almost 25% in a week to $21,069. Only one week ago bitcoin was still hovering around the $17,000 mark. The price hike was echoed by other cryptocurrencies, with ethereum (ETH-USD) up 20% in a… Source link

Only one week ago bitcoin was still hovering around the $17,000 mark. Photo: Getty Bitcoin (BTC-USD) broke through the $21,000 mark in early Monday trading, a considerable price movement from a low of $16,000 at the beginning of the year. The world’s largest digital asset by market capitalisation surged almost 25% in a week to $21,069. Only one week ago bitcoin was still hovering around the $17,000 mark. The price hike was echoed by other cryptocurrencies, with ethereum (ETH-USD) up 20% in a… Source link