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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 (BTC) continued to work on cracking the $17,000 mark on Jan. 4 as an “extremely tight” trading zone held firm. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $17,000 “possible” thanks to CPI print Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $16,906 on Bitstamp, up $300 from the previous day’s low. The largest cryptocurrency had benefited from a positive start to the year on Wall Street, this giving a broader boost to previously sideways… 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

The Grayscale Ethereum Trust (ETHE) is trading at nearly a 60% discount to the underlying value of its assets, with shares falling 93% from its Jun. 2019 all-time high (ATH). There are many reasons behind the ongoing decline, but in recent weeks fears have grown that fallout from parent company Digital Currency Group’s debt of approximately $1.675 billion to troubled crypto lender Genesis could impact Grayscale assets. YCharts data shows a 59.39% discount at the time of writing, a level the… Source link

Bitcoin slipped back, while Ether was little changed in mixed Wednesday morning trading in Asia for the top 10 non-stablecoin cryptocurrencies. Litecoin, Polkadot and BNB edged up, while Dogecoin led the losers on the list. See related article: Bitcoin mining difficulty drops 3.6% in latest adjustment Fast facts Bitcoin fell 0.1% to US$16,679 in the 24 hours to 8 a.m. in Hong Kong, while Ethereum was little changed at US$1,214, according to pricing data from CoinMarketCap. Litecoin rose 1% to… Source link

Getty Images One of the prominent developers behind the Bitcoin blockchain said he has asked the FBI to assist him in recovering $3.6 million worth of the digital coin that was stolen from his storage wallets on New Year’s Eve. Luke Dashjr is a developer of the Bitcoin Core, an app that runs 97 percent of the nodes making up the Bitcoin blockchain. Bitcoin Core derives from the software developed by the… Source link

Continuing with 2022’s trend, there is a lack of positive excitement in the crypto market. While Bitcoin (BTC) and altcoins have remained stagnant to start 2023, there are a few reasons why volatility could spike in January.  Market caps during the 2022 holiday period. Source: Arcane Research Winklevoss Letter to DCG stirs up bankruptcy FUD On Jan. 2, Cameron Winklevoss, the co-founder of Gemini, penned an open letter to Digital Currency Group (DCG) founder Barry Silbert, demanding answers… Source link

A popular crypto analyst says layer-2 projects built on Ethereum (ETH) will likely dominate the crypto payments space in 2023. In a new YouTube strategy session, pseudonymous Coin Bureau host Guy tells his 2.19 million subscribers that using crypto for payments will become more popular this year. “My fifth crypto prediction for 2023… that’s that crypto payments will become more common. This will again be due to a combination of better frontends, regulatory clarity increasing… Source link

Bitcoin price prediction appears to have turned bearish following the breakout of the $16,660 level on January 3. Candles closing below $16,660 have the potential to drive a bearish trend in BTC.  One of the longest-contributing members of the Bitcoin Core team, Luke Dashrj, claimed to have lost more than 200 BTC (about $3.34 million) this past weekend after having his wallet keys stolen. The developer tweeted about the incident… Source link