Tag Archives: btcusdt

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...

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...

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...

Bitcoin has returned to $19,000 for the first time since October, soaring beyond its low trading range established after FTX’s collapse. The move has many on crypto twitter calling for a new bull market – though some believe it’s a bull trap.  Bitcoin traded for $17,911 early on Thursday, experiencing some volatility after December’s CPI inflation clocked in at 6.5%.  The asset pumped by roughly $1000 at about 17:35 UTC, and has maintained its elevated price level since then....

El Salvador faced a tough year after making Bitcoin legal tender in the country. But the country’s Legislative Assembly voted to pass a historic – Digital Asset Issuance legislation – that is expected to set the stage for the issuing of President Nayib Bukele’s bitcoin bonds, aka, the Volcano Bonds. The new law will focus on setting up a legal framework around the issuance of digital assets and the wider crypto classification, which includes every other type of digital asset...

One of the leading bitcoin mining companies – Core Scientific – mined 1,356 BTC in November and 1,435 BTC in December. It also boosted its self-mining hashrate from 15.4 EH/s to 15.7 EH/s. The positive performance comes even though the company filed for Chapter 11 bankruptcy protection at the end of December last year. Over 1.4K BTC Mined The US-based firm produced 1,356 and 1,435 self-mined BTC in November and December, respectively, and 795 and 931 bitcoin for colocation...

Cryptocurrency projects obtained 42.5% less funding in 2022 compared to what they received in 2021.  Still, last year’s capital was significantly higher than the figures in 2018, 2019, and 2020. Funding in 2022  The crypto winter that hit the digital asset industry in 2022 has triggered a major market decline, an outflow of investor interest, and halted the expansion plans of some companies. According to a CoinGecko study, such firms had raised $21.26 billion last year, and...

The consumer price index excluding food and energy (core CPI) numbers will be released by the United States government on Thursday, January 12. Although the most recent months saw a decline in the inflation rates compared to the peaks in the summer of 2022, the estimates still show a painful picture. Here Are the Expectations The upcoming CPI numbers will play a crucial role in the US Federal Reserve’s decision on whether to continue its current monetary policy of raising...

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...