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JPMorgan CEO Says BTC Is Fraudulent, a ‘Pet Rock;’ Bank of America Says CBDCs Are ‘Natural Evolution’ — Bitcoin.com News Week in Review
29.1.2023
JPMorgan CEO Jamie Dimon has reiterated his supposed skepticism of bitcoin, recently calling it a “hyped-up fraud,” and a “pet rock.” For it’s part, Bank of America has said that it views central bank digital currencies (CBDCs) and stablecoins as a “natural...
Crypto Association in Turkey Vows to Block Exchanges That ‘Victimize Traders’
29.1.2023
A new organization has been established in Turkey with the aim to monitor and help develop the country’s crypto sector, local media reported. Its first task will be to address recent problems with some cryptocurrency exchanges and boost confidence in the industry as a whole. New Entity to Deal With...
Stablecoin Economy Sheds Another $3 Billion in 44 Days
28.1.2023
The stablecoin economy continues to deplete as more than $3 billion has been erased from the stablecoin market ecosystem over the last 44 days. While statistics show that tether’s market valuation has risen by 2% over the last 30 days, usd coin’s market cap slid by 2.9%, BUSD...
Litecoin’s Hashrate Reaches All-Time High, Difficulty Follows Suit
28.1.2023
The blockchain network Litecoin’s computational power reached an all-time high (ATH) on Wednesday, Jan. 25, 2023, at block height 2,411,048, reaching 798.43 terahash per second (TH/s). In addition, Litecoin’s difficulty also reached an all-time high this week, hitting 23,505,031...
Biggest Movers: DOGE up to 6-Week High, as AVAX Jumps 13% on Saturday
28.1.2023
Dogecoin rose to a six-week high on Saturday, as prices rose above a key resistance level to start the weekend. The meme coin climbed to its strongest point since December, as the global crypto market cap was mostly in the green in today’s session. Avalanche also surged today, hitting its strongest...
US gov't $1.5T debt interest will be equal 3X Bitcoin market cap in 2023
28.1.2023
The U.S. will pay over $1 trillion in debt interest next year, the equivalent of three or more Bitcoin market caps at current prices
Bitcoin, Ethereum Technical Analysis: BTC Hovers Near $23,000 to Start the Weekend
28.1.2023
Bitcoin started the weekend hovering near $23,000, as markets continued to react to personal consumption data in the United States. Figures released on Friday reported that spending fell by 0.2% last month, despite overall consumer sentiment moving higher. Ethereum remained close to $1,600 to start...
Total crypto market cap rises above $1T, and data suggests more upside is in store
27.1.2023
Bad news continues to dominate crypto media headlines but Bitcoin and the wider market appear to not care
Bitcoin Option Markets Keep Sending Bullish Signals – Here’s the Implications for BTC Price
27.1.2023
Bitcoin options markets continue to signal that investors are anticipating further upside in the BTC price. According to a chart on The Block, the widely followed Bitcoin 25% delta skew has remained above zero since the middle of January and recently hit its highest since Q4 2021 at close...
Formula 1 Racing Team Secures $100 Million Sponsorship from Crypto Casino – Is The Bear Market Over?
27.1.2023
The crypto gambling platform based in Australia, Stake.com, has entered a partnership worth $100 million with the Alfa Romeo Racing team, indicating a comeback in crypto-related sponsorships.
This event marks one of the first and biggest sponsorship programs following the catastrophic collapse...
Bitcoin will hit $200K before $70K ‘bear market’ next cycle — Forecast
27.1.2023
Stochastic patterns leave the door open for 189% BTC price gains versus the current Bitcoin all-time high, according to one analyst
Banks Will Dominate Stablecoins, and 2 Other Predictions About the Future of Money
27.1.2023
Biggest Movers: MATIC Nears 3-Month High, as LINK Extends Recent Gains
27.1.2023
Polygon rose to its highest level since early November on Friday, as markets reacted to the latest U.S. consumer sentiment data. Sentiment rose to 64.9 in January, up from a reading of 59.7 in December. Chainlink also surged in today’s session, hitting its strongest point in nearly two months....
Bitcoin Price Prediction as BTC Jumps Up 10% in 7 Days – New Bull Market Starting?
27.1.2023
Bitcoin has surged 10% in the past seven days, which has spurred speculation that a new bull market is beginning. While predicting the price of Bitcoin can be difficult, there are several factors to consider regarding its future prospects.
With increased adoption around the world and a commitment...
Amazon to Enter the Crypto NFT Market with Gaming Initiative – Here’s What You Need to Know
27.1.2023
Amazon reportedly aims to dabble into NFTs and Web3 gaming with an upcoming initiative related to digital assets.
The world’s largest retailer is planning to launch a “digital assets enterprise” focused on non-fungible tokens and Web3 gaming this spring, Blockworks reported Thursday, citing four...
Binance Stablecoin BUSD Loses $2 Billion in Market Cap in a Month – What’s Going On?
27.1.2023
The Binance USD (BUSD) stablecoin continues to lose ground versus other stablecoins, and has over the past month lost as much as $2bn in market capitalization.
At its low on Wednesday this week, BUSD’s market cap touched $15.3bn, down more than $2bn compared to the $17.5bn market cap it had on...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Ahead of US Consumer Sentiment Data
27.1.2023
Bitcoin consolidated on Friday, as traders prepared for the release of the upcoming consumer sentiment figures from the United States. Following a move to a five-month high on Thursday, prices were once again below $23,000. Ethereum also slipped, moving below $1,600 in the process. Bitcoin Bitcoin...
FTX and Alameda Research Collapse Sad Event but ‘Good for the Long Run’ Says DWF Labs Managing Partner
27.1.2023
While the collapse of the crypto exchange FTX and its affiliate Alameda Research is thought to have left many crypto players, including market makers, in the worst possible position, according to Andrei Grachev, managing partner at DWF Labs, this incident may have helped to “flush...
US institutions account for 85% of Bitcoin buying in 'very positive sign' — Matrixport
27.1.2023
Matrixport’s head of research and strategy suggests the industry will soon see layer 1 and other altcoins outperforming relative to Bitcoin
Financial Advisors See Strong Interest in Crypto — 90% Receive Inquiries About Crypto Investing, Survey Shows
27.1.2023
A new survey shows that interest in cryptocurrency remains strong among financial advisors’ clients. “Despite market performance, the most common question was: ‘Should I consider an investment in crypto?'” the survey results reveal. Financial Advisors Bullish About...