The rally from the past two weeks has pushed the cumulative market cap of all crypto assets to above $1 trillion for the first time since the FTX debacle. This comes amid the massive price surge from several altcoins, such as Solana, Polkadot, Polygon, Avalanche, and others. The start of 2023 has been quite spectacular for the cryptocurrency market following the painful 2022. The largest digital asset went from around $16,500 to over $21,000 in about two weeks. This 27%...
Read More »Australian Authorities Say Crypto Is Too Often Used for Money Laundering
Australian law enforcement agents are claiming that crypto has become the number one go-to tool for those looking to commit money laundering or financial fraud. Australian Authorities Issue Crypto Warning Senior executives of the Australian Transaction Reports and Analysis Center (AUSTRAC) claim crypto has become part of the “money laundering tool kit,” and that using digital currency technology to sneak and hide funds from prying eyes has become standard behavior in the...
Read More »Bitcoin’s Yearly Start May Signal an Incoming Bull Market: Glassnode
Glassnode released its first on-chain video report of 2023 on Tuesday, reviewing what could be data-based indicators of an emerging crypto bull market. The firm noted that both Bitcoin and Ether’s price and on-chain activity have seen little volatility since the year began – a period like others that have historically preceded “explosive market moves.” Starting Off Slow As explained by Glassnode’s lead analyst James Check, Bitcoin has been stuck trading within a roughly $550...
Read More »Bitcoin Price Fully Recovers From FTX Crash: Market Watch
It has taken bitcoin just a little over two months to recover from the damages done by the collapse of SBF’s former crypto empire, as the asset skyrocketed to over $21,000 earlier today. Most alternative coins saw an equally if not more impressive rally in the past week or so, culminating in double-digit price surges on Friday and early Saturday. BTC Topped $21K After a violent year, which saw the demise of former crypto giants such as Terra, 3AC, and Celsius, the end of 2022...
Read More »Gorilles, milices et Bitcoin
Traduction d’un article d’Adam Popescu publié le 13 janvier 2023 dans le MIT Technology Review. Pourquoi le parc national le plus célèbre du Congo parie lourd sur la crypto Bardé de chargeurs, l’AK-47 est lourd, mais l’homme qui le tient ne bronche pas tandis qu’il patrouille dans une montagne densément boisée. Ici, dans l’est du Congo, où cette vieille arme soviétique ne coûte que 40 dollars sur le marché noir, les milices utilisent son dawa – sa magie –...
Read More »$600M Shorts Liquidated as Bitcoin Skyrockets to $21K
In one of its most impressive rallies in about a year, bitcoin skyrocketed by double digits, charting a two-month high above $21,000. Most alternative coins have followed suit, resulting in over $650 million in liquidations on a 24-hour scale, the majority of which were from short positions. It’s safe to say that the start of the year has been quite favorable for the cryptocurrency market. Bitcoin, for one, stood around $16,500 on January 1. After a quiet first few days, it...
Read More »Bitcoin-Preis: + 22.99 % in einer Woche
Bitcoin ist gefragter denn je: Der Preis setzt sich in Bewegung. Was ist bloss mit dem Bitcoin-Preis los? Satte + 22.99 Prozent liegt Bitcoin im Pluss. Im Schlepptau weitere digitale Währunge. Rechtzeitig zum Jahresbeginn 2023 ist Bitcon gefragter denn je. Woran liegt das? Was sind die Gründe? Es ist nicht nur Bitcoin, sondern auch andere digitale Währungen wie beispielsweise Ethereum legen aktuell kräftig zu: Zur Erinnerung: Preise steigen,...
Read More »Bitcoin Tests $20k As End of Week Rally Continues
Bitcoin is pushing against the $20k price level for the first time since early November, prior to FTX’s collapse. As of 22:28 UTC, Bitcoin traded at $19,962, up from roughly $18,800 at the start of the day. Its price climbed especially fast 21:34 UTC, when it sprang from $19,450 to $19.823 within 5 minutes. Liquidations remain high, with $70 million across 45,000 crypto traders being cleared within the past hour, according to Coinglass. The largest liquidated trade within...
Read More »Bitcoin Explodes 14% Weekly, is $20K Next? (BTC Price Analysis)
Bitcoin’s price has finally broken above a significant resistance level following yesterday’s CPI announcement. However, there is still one major obstacle that should be taken out for the price action to be considered bullish. Technical Analysis By: Edris The Daily Chart: On the daily timeframe, the price has finally broken above both the $18K resistance level and the higher boundary of the large falling wedge pattern. From a classical price action point of view, BTC could...
Read More »Warren Buffett: Forget Gold and BTC, Invest in Stocks!
Warren Buffett is telling all his followers that buying bitcoin or gold during times of war is a terrible mistake. He is telling them all to avoid these assets and to avoid hoarding cash and to put all their money into stocks, as these are the only safe assets that can assuredly build wealth in the long-term. Warren Buffett: Stocks Are the Only Answer Buffett has never been a big bitcoin fan. He has often referred to it as “rat poison squared” and applied other...
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