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Why Bitcoin Price Breaking Resistance at $23k and $25k Could be Massively Bullish
25.1.2023
The bitcoin price is consolidating below the important $23,000 level and is still up almost 50% from its 21 November lows, despite pulling back 1.5% in the past 24 hours to $22,600.
If the largest cryptocurrency by market cap can successfully challenge resistance between $23k and $25k, that will...
CME Bitcoin Futures Open Interest Surges to Record 21% as Institutional Participation Increases
25.1.2023
Bitcoin futures open interest at the Chicago Merchantile Exchange (CME) has surged to near all-time highs at 21%, which indicates growing institutional participation in BTC futures....
Read More: CME Bitcoin Futures Open Interest Surges to Record 21% as Institutional Participation Increases
Blockstream Secures $125 Million in Funding for Bitcoin Mining Operations
25.1.2023
Digital asset infrastructure firm Blockstream has secured $125 million in funding aimed at expanding its bitcoin mining facilities.
Blockstream has received the funding in convertible note and secured loan financing, the company announced in a Tuesday press release, adding that it plans to...
Bitcoin (BTC) begins an uptrend from the 200 EMA mark!
24.1.2023
The tokenomics of Bitcoin is designed to control the tokens’ supply, creation, and distribution. The mining process ensures that the number of Bitcoin in circulation is capped at 21 million, making it scarce and valuable. The reward for mining is halved every 210,000 blocks, which is roughly...
Brazil and Argentina Want to Create a New Currency, Bitcoiners Suggest Adopting BTC
24.1.2023
Brazil and Argentina are mulling the co-creation of a common currency – but bitcoiners have suggested they adopt bitcoin (BTC) instead.
Over the weekend, the Financial Times reported that ministers in the nations said the proposed currency would “at first run in parallel with the Brazilian real...
Bitcoin Price Prediction as BTC Spikes Above $23,000 – Is a New Bull Market Starting?
23.1.2023
The leading cryptocurrency, Bitcoin, is trading sideways, with the price remaining within a limited range of $22,500 to $23,350. On January 23rd, BTC/USD closed at $23,114 after reaching a high of $23,114.
BTC, the world's largest cryptocurrency by market capitalization, reached $23,000 for...
This Indicator Suggests Bitcoin Holders Are Selling Coins to Newbies – What Does This Mean for BTC Price?
23.1.2023
According to data from crypto analytics firm Glassnode, the 90-Day Bitcoin’s Realized HODL Multiple has risen to its highest level since May 2022, when Bitcoin’s price was around $30,000, as opposed to current levels in the upper $22,000s. The Realize HODL Ratio (RHODL) is a ratio of the number...
Realized Bitcoin P/L Ratio About to Rise Above 1 – How Will BTC Price Be Impacted
23.1.2023
The 30-Day Simple Moving Average (SMA) of Glassnode’s Bitcoin Realized Profit-Loss Ratio (RPLR) indicator is about to move above one for the first time last April. That will mean that the Bitcoin market will soon be realizing a greater proportion of profits (denominated in USD) than losses....
Berlin's TV Tower Lights Up with Giant Bitcoin Logo and This Twitter User Just Claimed Responsibility
23.1.2023
The famous Berliner Fernsehturm tower in Germany's capital was on Saturday decorated with the Bitcoin (BTC) logo - and it wasn't the only iconic monument to be dressed in ₿....
Read More: Berlin's TV Tower Lights Up with Giant Bitcoin Logo and This Twitter User Just Claimed Responsibility
Crypto Billionaire Arthur Hayes Says Bitcoin May ‘Crash Back Down’ If This Happens – Here’s What You Need to Know
23.1.2023
Crypto billionaire and former CEO of BitMex Arthur Hayes has warned that Bitcoin may yield all its recent gains if the Federal Reserve does not pivot on monetary policy.
In a January 19 blog post, Hayes talked about inflation and how it could impact the crypto market. The billionaire noted that...
This Bitcoin Chinese New Year Trade Has Been A winner for Last 8 Years
22.1.2023
Bitcoin has extended gains over the weekend ahead of celebrations for the Lunar New Year holiday and the Spring Festival throughout Southeast Asia, rallying to its highest level since August....
Read More: This Bitcoin Chinese New Year Trade Has Been A winner for Last 8 Years
Here He Goes Again - Bitcoin is ‘Hyped-Up Fraud’ Says JPMorgan’s Jamie Dimon, But Blockchain is ‘Deployable’
20.1.2023
Despite the ongoing challenges in the cryptocurrency market, enthusiasts of digital assets are convinced that the future is bright for the sector. Recently, the value of Bitcoin has shown signs of resurgence with a notable hike in its price over the past few weeks, following a difficult start...
Bitcoin Supply in Profit Metric Hits 4-month High – What This Means for BTC Price
20.1.2023
A 30-day Exponential Moving Average of the number of Bitcoins that are “in profit” – i.e. were acquired at a time when the BTC price was lower – hit a 2-month high on the 19th of January, according to crypto data and on-chain analytics firm Glassnode.
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Read More: Bitcoin Supply in Profit Metric...
Why the Bitcoin Price Rally is Stalling on Mixed Rates and Growth Outlook, DOJ Action – But Will Climb Again
19.1.2023
The bitcoin price is up 0.4% at $20,910, recovering somewhat from a $1,000 plunge after a crypto exchange co-founder was arrested on Wednesday, and weak US data pointed to an economic hard landing.
Although there was good news on wholesale inflation in the US yesterday, the shock retail sales...
New Bitcoin Address Momentum Looking Bullish, What This Means For BTC Price
19.1.2023
A shift in new Bitcoin address momentum is sending a signal that the world’s largest cryptocurrency might be in the beginnings of a new bull market, data from crypto analytics firm Glassnode reveals. According to Glassnode, the 30-Day Simple Moving Average (SMA) of New Addresses has now been above...
Crypto Crowd Sentiment Surges as Bitcoin Bulls Bet the Bottom is In
19.1.2023
Prior to the recent DoJ FUD (fear, uncertainty and doubt) and US equity market weakness-induced pullback in Bitcoin and broader cryptocurrency markets on Wednesday, the crypto trading crowd was having its second most bullish week in terms of sentiment in the past 14 months, crypto analytics firm...
Bitcoin Whales Show Confidence in Latest Rally as They Refuse to Sell, On-Chain Data Reveals
18.1.2023
Despite the rally in Bitcoin that has seen prices jump around 27% since the start of the year, on-chain data suggests that Bitcoin whales are not using the pump as an opportunity to sell their holdings. According to some analysts, this is a sign of confidence that the recent rally signals the start...
Has Bitcoin Entered Its Next Bull Market Cycle? This Analyst Thinks It Might Have
18.1.2023
Bitcoin may be at the start of a bull market that could last another nearly 1000 days, according to chart analysis from the pseudonymous crypto-focused Twitter account @CryptoHornHairs. According to a chart shared by CryptoHornHairs on the 11th of January, Bitcoin is at the beginning of a near...
Bitcoin and Other Crypto Prices Pump After US Retail Sales and PPI Inflation Falls More Than Expected
18.1.2023
Bitcoin and wider crypto prices are getting a strong tailwind today after the release of the latest US economic data shows softening inflation and slowing retail sales.
Bitcoin at the time of writing is priced at $21,565, up 0.9% and Ethereum is currently 0.85% higher at $1,602.
The closely...
Researchers Say These 7 Factors Will Determine Bitcoin Prices in 2023
18.1.2023
Researchers at the South Korean crypto exchange Bithumb have named seven factors they believe will affect bitcoin (BTC) and crypto prices in 2023 – and determine whether the bear market will give way to bullish forces for a sustained period.
The crypto exchange’s researchers claimed that bitcoin...