Bitcoin

Bitcoin (BTC) traded nearer $17,000 on Jan. 7 after the end of the year’s first trading week delivered a spike higher. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView All eyes on CPI Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it briefly passed the $17,000 mark the day prior. The pair had seen flash volatility on the back of fresh economic data from the United States, this nonetheless fading to leave the key level “unflipped” as… 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

Cryptocurrency adoption has been on the rise in El Salvador in recent years, with the country becoming the first in the world to adopt Bitcoin (BTC) as a legal tender. This landmark decision has attracted the attention of the global cryptocurrency community and has sparked discussions on the potential benefits and challenges of widespread adoption. El Salvador’s controversial move with its cryptocurrency adoption would not have been possible if it was not due to President Nayib Bukele, who… Source link

The headline numbers in the December jobs report from the BLS beat expectations, with jobs added of 223,000 versus forecasts for 200,000, and the unemployment rate of 3.5% versus forecasts for 3.7%. That 223,000 job gain, though, was a sizable slowdown from the 300,000-plus prints regularly seen in the first half of 2022 and was the lowest number of jobs added since April 2021. Source link

The headline numbers in the December jobs report from the BLS beat expectations, with jobs added of 223,000 versus forecasts for 200,000, and the unemployment rate of 3.5% versus forecasts for 3.7%. That 223,000 job gain, though, was a sizable slowdown from the 300,000-plus prints regularly seen in the first half of 2022 and was the lowest number of jobs added since April 2021. Source link

Bitcoin (BTC) flashed volatility at the Jan. 6 Wall Street open after fresh United States economic data disappointed risk-asset bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: BTC price in line for $17,000 retest Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $16,669 on Bitstamp around non-farm payrolls and unemployment figures. Both those came in better than expected, with mixed implications for the Federal Reserve having room for… Source link

Bitcoin‘s (BTC -0.48%) fortunes turned south in 2022 as the token’s value fell 64% and both investors and traders began to question the cryptocurrency’s future. Bitcoin failed to be a hedge against inflation while falling behind upgraded blockchains like Ethereum (ETH -58.44%) and Solana (SOL -2.11%) when it comes to utility. As the calendar turns to 2023, will Bitcoin gain traction and get back to $30,000, or is the bull run over? Here’s what you need to consider this year.  The digital… Source link

Bitcoin (BTC) could be busy forming fundamental support in its current tight trading range, the latest research suggests. In a tweet on Jan. 6, trading platform Trend Rider noticed that $16,800 is becoming an increasingly important BTC price support zone. Point of control establishing below $17,000? Bitcoin’s lack of volatility has led commentators to debate when a breakout could occur — and in what direction it could go. So far, however, the increasingly narrow trading range in place since… 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

From Las Vegas at CES,” First Mover” host Christine Lee kicked off CoinDesk’s coverage of the largest tech conference of the year. CoinDesk’s Pete Pachal gave a preview. Also, as the U.S. House of Representatives struggles to elect a speaker, how could the outcome impact this year’s crypto agenda in Washington, D.C.? Ron Hammond, Director of Government Relations at the Blockchain Association, shared his predictions. Plus, bitcoin is still trading flat, but for how long? Katie Stockton,… Source link