Bitcoin

The recent launch of a nonfungible token (NFT) protocol on the Bitcoin mainnet has the crypto community divided over whether it’ll be good for the Bitcoin ecosystem.  The protocol, referred to as “Ordinals,” was created by software engineer Casey Rodarmor, who officially launched the program on the Bitcoin mainnet following a Jan. 21 blog post. The protocol essentially allows for the Bitcoin version of NFTs — described as “digital artifacts” on the Bitcoin network. These… Source link

Bitcoin Rules – But Not Yet… Vitalij Sova/iStock via Getty Images Follow Not Your Heart on Bitcoin I’ve recently seen a number of bullish prognoses for Bitcoin (BTC-USD). While my heartstrings pull in that direction, my rationale self – as well as my reading of the tea leaves – eeehhh I mean technical charts – tells me it just ain’t so. First a bit of recent history. In the midst of Covid despondency, Bitcoin reversed a preceding rally and plunged to a low of $3948 in March 2020. Bitcoin… Source link

Bitcoin (BTC) has just clocked its 11th consecutive day outside the “Fear” zone in the Crypto Fear and Greed Index, cementing its longest streak out of fear since March 2022. Bitcoin Fear and Greed Index is 61 – GreedCurrent price: $23,780 pic.twitter.com/U5gxN3AwnT — Bitcoin Fear and Greed Index (@BitcoinFear) January 30, 2023 It comes as Bitcoin hit $23,955 at 8:10 pm UTC time on Jan. 29, becoming this year’s newest all-time high. Though it has since come back down slightly to… Source link

Ether, the second largest crypto in market value, fared even better than BTC on Sunday, rising nearly 5% at one point to trade over $1,650 at one point. ETH has risen over this threshold twice in the last nine days. Most other major cryptos by market cap spent much of Sunday firmly in the green with MANA, the token of 3D virtual reality platform Decentraland, and SAND, the native currency of the metaverse game Sandbox, recently jumping more than 15% and 7%, respectively, and SOL, the token… Source link

Bitcoin was up on Monday morning in Asia, reaching its highest price in five months. Ether also rose along with all other top 10 non-stablecoin cryptocurrencies, with Solana and Litecoin posting the biggest gains. The total cryptocurrency market capitalization has remained above US$1 trillion for the eighth consecutive day, the longest streak since August 2022. See related article: Bankrupt BlockFi asks court to approve bonuses to keep staff Fast facts Bitcoin traded 3.2% higher at US$23,764 in… Source link

Bitcoin (BTC) has rallied nearly 40% so far in January, which is the best start to the year since 2013. The sharp up-move has turned several on-chain signals bullish, according to on-chain analyst Cole Garner. Usually, a sharp recovery from the market lows, driven by the leader, is a sign that strong hands may be buying aggressively. That could be because traders believe the selling may have been overdone in the near term or they found the valuation to be attractive. Crypto market data daily… Source link

Bitcoin (BTC) has rallied nearly 40% so far in January, which is the best start to the year since 2013. The sharp up-move has turned several on-chain signals bullish, according to on-chain analyst Cole Garner. Usually, a sharp recovery from the market lows, driven by the leader, is a sign that strong hands may be buying aggressively. That could be because traders believe the selling may have been overdone in the near term or they found the valuation to be attractive. Crypto market data daily… Source link

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There’s a laundromat in a working-class immigrant community on the outskirts of Washington, D.C. that is much more than a place to wash and dry clothes. The store offers alternative financial services — bill payment processing, money orders and check-cashing services — charging for many transactions that most banks perform for customers at no extra cost. Millions of people in the United States rely on services like those offered by the laundromat because they don’t have enough… Source link

When it comes to creating a long-term buy-and-hold strategy, many investors blanch at the idea of adding cryptocurrencies to their portfolios. Yes, crypto is a highly volatile and speculative asset class, so adding it to an investment portfolio you expect to deliver superior long-term gains can seem like an unlikely pairing. However, several of the top cryptos are starting to develop a historical track record of success. Bitcoin (BTC 1.81%), for example, recently celebrated its 14th… Source link