Bitcoin

Digital assets funds saw inflows totaling $433 million during 2022, the lowest level since 2018, when inflows in the crypto industry reached $233 million, according to the cryptocurrency investment firm Coinshares.  Investors’ appetite for digital assets seems not to have been fully affected by the crypto winter, but otherwise encouraged investments in crypto assets in a year marked by a price decline and the collapse of many industry players. James Butterfill, researcher at CoinShares,… Source link

Gold made a strong start to the new year and is trading close to a seven-month high on expectations that the United States Federal Reserve may slow down and hike rates only by 25 basis points in its next meeting on Feb. 1.  Cryptocurrency markets have also shown a mild uptick but are yet to make a decisive move higher. One of the reasons could be renewed fears regarding Digital Currency Group’s liquidity issues, which again came into focus after Gemini co-founder Cameron Winklevoss penned… Source link

Bitcoin (BTC) is now further below a key moving average than it was at the pit of the March 2020 COVID-19 crash. In a tweet on Jan. 4, popular trader and analyst Rekt Capital revealed just how remarkable the current Bitcoin bear market really is. BTC price 200-week moving average out of reach Not only has Bitcoin now spent more time below its 200-week moving average (WMA) than ever before, it is now further beneath it than at any time in history. Looking at the weekly BTC/USD chart, Rekt Capital… Source link

Bitcoin (BTC) is now further below a key moving average than it was at the pit of the March 2020 COVID-19 crash. In a tweet on Jan. 4, popular trader and analyst Rekt Capital revealed just how remarkable the current Bitcoin bear market really is. BTC price 200-week moving average out of reach Not only has Bitcoin now spent more time below its 200-week moving average (WMA) than ever before, it is now further beneath it than at any time in history. Looking at the weekly BTC/USD chart, Rekt Capital… Source link

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The ether-bitcoin (ETH/BTC) ratio could rally toward a two-month high, according to Lewis Harland, a portfolio manager at Decentral Park Capital. That’s because the ratio has broken out of a multi-month triangle pattern, often called a wedge, indicating a bull victory in the prolonged tug-of-war with bears. “ETH/BTC has broken out of its multi-month wedge to the upside,” Harland told CoinDesk, adding that the breakout has opened the doors for a rally toward the early December high of 0.07636… Source link

Bitcoin, meanwhile, could continue to lag ether due to miner selling. “Miners are becoming more distressed, indicated by higher hashrate where the market may become concerned miners selling inventory to remain operational and competitive,” Harland noted. Source link

The question of whether inflation has peaked is passe for risk assets, including cryptocurrencies. There has been a slowdown in the inflation rate in the U.S. and other parts of the world since the third quarter of 2022. In response, the Federal Reserve (Fed), the world’s most powerful central bank, has slowed liquidity tightening that pushed cryptocurrencies and stocks into a bear market last year. The question now is whether the turnaround is enough to lift risk assets. The answer is yes,… Source link

Bitcoin and Ether rose in Wednesday afternoon trading in Asia, along with all other top 10 non-stablecoin cryptocurrencies. Solana led gains with an 18% surge, followed by Cardano and BNB. See related article: U.S. banking regulators warn against cryptocurrency fraud, contagion risks Fast facts Bitcoin edged up 0.83% to US$16,817 in the 24 hours to 4 p.m. in Hong Kong, while Ether gained 2.78% to trade at US$1,251, according to data from CoinMarketCap. Solana, currently the 10th largest… Source link

Iranian authorities seized numerous crypto mining equipment over the past two years, citing stress on energy grids during winter. Now, a court ordered the release of crypto-mining equipment that was previously seized as a measure to conserve energy. Since 2021, Iran’s Organization for Collection and Sale of State-Owned Property (OCSSOP) has seized mining equipment — both authorized and unauthorized — due to looming power shortage concerns. However, the authorities had a change of heart… Source link