Tag Archives: BTCEUR

Financial markets for everything, including crypto, remain on pause as we mark off the first week of 2023. At this time of global economic uncertainty, people are holding their cash close. Here’s why it’ll be increasingly important for governments to hold their Bitcoin close. Bitcoin’s price barely budged after the release of the latest jobs report. It moved less than a percent, holding above $16,900 as the job data suggested more rate hikes. Bitcoin Is Poised To Become The...

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...

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...

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%...

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...

Creditors of the defunct cryptocurrency exchange Mt. Gox have received more time to select and register how they wish to receive compensation from the company. According to a document from the exchange’s trustee Nobuaki Kobayashi, the registration deadline, which was previously set as January 10, 2023, has been extended to March 10 (Japan time) after receiving approval from the court. “The deadline for the Selection and Registration was January 10, 2023 (Japan time) but...

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...

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...

The US continued to beat expectations in terms of new jobs added for the month of December, according to the Labor Department. The unemployment rate dropped to historic lows. The report for December 2022 indicated that the unemployment rate is down to 3.5% from 3.7% the previous month. At the same time, the world’s most powerful economy added 223,000 jobs in December, which was higher than Bloomberg’s estimates of 200,000. Overall, the US finished the year with 4.5 million...

The Grayscale Ethereum Trust (ETHE) has fallen to a record discount of -60% as fears over liquidations mount. The discount to net asset value (NAV) had been between -25% and -35% up until early November when FTX collapsed. It has since plummeted to its lowest-ever level this week. The Ethereum Trust is the firm’s second-largest, with $3.7 billion in assets under management (AUM). It holds around 3 million ETH, which is about 2.5% of its total market capitalization. The ETHE...