Tag Archives: btcusdt

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...

As we head into 2023, the markets are beginning to show some interesting movements, and Bitcoin is no exception. Its price is currently testing a key resistance zone, and the outcome would likely determine the short-term trend for the crypto market. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price seems to be closing in on finally disrupting the consolidation of the last few weeks, as the 50-day moving average is being tested once more around the...

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...

Erik Voorhees – CEO of ShapeShaft and an outspoken proponent of bitcoin – believes it could take between six months and three years before the next crypto bull run occurs.  He also predicted that the primary cryptocurrency could surge to $40,000 by the summer, representing a 140% increase compared to current valuations. ‘It Won’t be Ten Years’ In a recent interview for Bankless Shows, Voorhees argued that the reigning crypto winter will not last for another decade. However,...

The market is currently suffering from insufficient activity and liquidity. Meanwhile, Bitcoin’s price is up against a crucial resistance zone and is about to break out. The move should determine the upcoming direction and end the current close-to-neutral state between selling and buying pressure in the market. Technical Analysis By Shayan The Daily Chart After getting rejected by the 50-day moving average and consolidating for a few days, the price finally tested the blue...

Bitcoin tried to challenge $17,000 hours ago but was stopped before having the chance to come close, at least for now. The altcoins have calmed since yesterday’s impressive gains, except for Solana, which continues to recover its recent losses and LDO. Bitcoin Came Close to $17K The end of 2022 was untypically calm for the primary cryptocurrency, which remained around $16,500 after losing a few hundred dollars throughout the week. Although the first day of the new year...

The Consumer Price Index (CPI) releases showing the current inflation rate in the USA and the Federal Open Market Committee (FOMC) meetings which determine the rate hikes in the country, have resulted in significant price swings in the cryptocurrency market over the past several months. In the following, we take a look at the events’ dates in 2023. The CPI Calendar Year-over-Year inflation numbers are quite staggering in certain countries, such as Lebanon (162%), Venezuela...

2023 is here, and with that comes an influx of predictions regarding the price of Bitcoin during the year. The past 12 months have been particularly devastating for the cryptocurrency, which lost upwards of 70% of its dollar value. That said, many seem to be quite optimistic about the short-term future of BTC. Here are four great and one not-so-much predictions for 2023. Tim Draper Says BTC to $250K Tim Draper is perhaps one of the most outspoken and prominent Bitcoin...

Robert Kiyosaki believes the US regulators will go hard against most alternative coins once they are classified as securities. As such, the author of several best-seller books continues to invest only in bitcoin, which the CFTC and even the SEC have said is a commodity. Kiyosaki on BTC and Altcoins The 75-years old US entrepreneur, author, and investor changed his tune on the primary cryptocurrency during the COVID-19-induced crisis, saying the asset had proven itself in...