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ApeCoin Charts Monthly High, Bitcoin Calm Below $17K (Weekend Watch)

Bitcoin continues to be unable to overcome $17,000, despite briefly jumping above that level yesterday. The altcoins have also calmed following the notable gains charted at the start of the weekend. ApeCoin, though, has marked a near one-month high. Bitcoin Stalls Below $17K 2022 brought little joy for the bitcoin bulls and the end of the year was quite similar, with the asset falling to a multi-week low of under $16,500. After a few calm days around New Year’s Day, the...

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The Scope of Crypto Winter: 70K BTC Millionaires Shook Out in 2022

With the turnover of the new year, Bitcoin price analyst predictions are out. Meanwhile, a survey of the damage from the protracted 2022 crypto winter shows 70K fewer BTC wallet addresses with $1 million USD worth of Bitcoin or more. It has now been over a year since Bitcoin’s (BTC) last all-time price high of $68,789 on November 10, 2021. Since then, at today’s fair market price on crypto exchanges of around $16,900 for the coin, the Bitcoin price had declined 75% from the...

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Despite SEC Battle, XRP Investment Products Saw Record Inflows in 2022: Report

2022 saw many crypto-assets lose value, prompting investors to pull their money from the market. During turbulent times, inflows plummeted massively. According to the latest report by CoinShares, the digital asset inflow was recorded at $433 million, the lowest in four years. The last time figures were hovering near the current level was in 2018, when inflows stood at $233 million. Bitcoin saw the third-worst year for inflows with $287 million after declining by well over 60%...

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Singapore Takes Big Measures to Protect Crypto Holders

When it comes to risky assets like crypto, Singapore banks are no longer required to hold 1:1 in collateral, but rather 1.25:1. What this means is that for every $1 in cryptocurrency, a financial institution needs to hold $1.25 in regular cash. This is designed to ensure there are enough reserves in place to cover losses or other problems should the crypto industry decide to crash and burn all over again. Singapore Is Trying to Stop Future Crypto Problems 2022 was one of...

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Bitcoin Testing $17K But is Another Crash Imminent? (BTC Price Analysis)

Bitcoin’s price has broken above a significant moving average which has been acting as a resistance over recent weeks. The market seems ready to rise higher in the coming week if the remaining negative factors do not hinder the forming momentum. Technical Analysis By: Edris The Daily Chart: On the daily timeframe, the price has closed above the 50-day moving average to the upside at last, after failing to do so and getting rejected multiple times over the last few weeks. This...

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Gemini-DCG Fiasco May Shape to Be ‘Market Bottom Event’ in 2023: Report

According to the latest edition of Arcane Research, the entire market appears to be stabilizing even though there’s still some uncertainty left. Having said that, all eyes are on DCG’s next steps, which can further intensify downward price action. Bitcoin Volatility Nearing 30-Months Low Bitcoin’s current price action was defined as stale as its volatility slumbered toward rare lows. Data suggested that the largest coin’s 7-day volatility reached lows not seen for two and...

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Weekend Watch: Lido DAO Soars to 2-Month High, BTC Touched $17K

After failing to challenge $17,000 for several straight days, bitcoin finally touched that level, marking a multi-week high. The altcoins also turned green on Saturday, with impressive gains from Ethereum Classic and Lido DAO. Bitcoin Touches $17K The end of 2022 was quite calm for the primary cryptocurrency, and the first day of the new year didn’t bring any more excitement either, as it remained at around $16,500. The situation started to change on Monday with a minor push...

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Senator Stabenow Who Designed ‘SBF Crypto Bill’ Will not Seek Re-Election

Michigan Senator Debbie Stabenow announced she will abandon her post in January 2025. The politician was one of the creators of cryptocurrency legislation that could empower the CFTC with exclusive jurisdiction when overseeing the market. Interestingly, the former CEO of FTX – Sam Bankman-Fried – was a vocal supporter of the bill, which received the nickname: “the SBF crypto bill.” Passing the Torch Senator Stabenow – the first woman from Michigan elected to the United States...

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SEC Investigates Whether FTX Investors Followed Due Diligence Procedures (Report)

The US Securities and Exchange Commission has reportedly asked some FTX investors whether they conducted proper research on the cryptocurrency exchange before becoming its clients. Recall that the platform (considered among the giants in its field) crashed in November, causing multi-billion losses and shaking the entire market to its core. As reported by Reuters, the American financial regulator sought information from several firms regarding their due diligence policies...

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SBF Pleads Not Guilty, DCG-Gemini Fiasco Escalates, Bitcoin Stable Amid $17K: This Week’s Crypto Recap

The total cryptocurrency market capitalization managed to increase by around $17 billion in the past seven days. Interestingly enough, the gains came mostly on the back of altcoins. This is highlighted in the declining Bitcoin dominance – a metric that’s commonly used to gauge BTC’s share relative to that of the rest of the market. At the time of this writing, the BTC dominance sits at 38.1%, having peaked at over 38.4% last week.  Bitcoin’s price increased by a total of...

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