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Bitcoin recovered some of its recent price drop, passing through $43,500, after Thursday's report of higher-than-estimated U.S. inflation sparked declines in bonds, equities and the crypto market. Major cryptocurrencies nevertheless remained lower Friday over 24 hours, with bitcoin down 2.8% and ether 4.5% at the time of publication. Source
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Good morning. Here’s what’s happening:Market moves: Bitcoin ended a bad January on a positive note; DeFi trading volume grew steadily.Technician's take: BTC's January sell-off could attract short-term buyers.Catch the latest episodes of CryptoX TV for insightful interviews with crypto industry leaders and analysis.PricesBitcoin (BTC): $38.446 +1%Ether (ETH): $2,682 +2.6%Top Gainers
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Ether (ETH), the native token of the Ethereum blockchain, has suffered its biggest monthly price decline since March 2020, tumbling alongside bitcoin in one of worst-ever starts to a year in cryptocurrency markets.Ether is down 31% in January, while bitcoin (BTC) has fallen 22%.The sell-off also claimed some of the
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Bitcoin broke out in a feeding frenzy during the January 24 afternoon, raking up over $37K after falling to its lowest point in the same morning. It’s almost as if they’re mirroring each other’s moves. Bitcoin shot back up above $36,000 Tuesday morning after a day of heavy trading that saw
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Non-fungible token marketplace OpenSea is headed for its highest volume month ever, indicating NFTs may be one sector of the cryptocurrency economy that has decoupled from bitcoin’s price drop.For the first half of January, OpenSea has generated nearly $2.7 billion in volume, which is on track to surpass the $3.4
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China-backed Blockchain Services Network will introduce infrastructure this month to support NFTs that have no link to cryptocurrencies, which are banned in China, the South China Morning Post reported on Thursday.He Yifan, chief executive of Red Date Technology, which provides technical support to BSN, told the SCMP that non-fungible tokens
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According to the 2018 Tesla Model 3 owner, Siraj Raval, he mined up to $800 a month in crypto assets with his hacked-out electric car. Similarly, Chris Allessi, the owner of a Tesla Model S tethered a Bitmain Antminer S9 to his car’s electrical system to mine bitcoin, and he’s
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On January 8, 2022, the price of bitcoin dropped to $40,517 per unit just after 1 p.m. (EST) on Saturday afternoon. According to the Crypto Fear & Greed Index (CFGI), sentiment shows “extreme fear” is in the air, and the CFGI score is a 10. The last time the CFGI
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This week Google Trends shows that the acronym NFT, which stands for non-fungible token, has reached a score of 100, the highest score a search query can get from the data analytics aggregator. Meanwhile, statistics indicate that during the last 30 days across ten different blockchains, there’s been $2.73 billion
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Bitcoin (BTC) is in line for "explosive" price action as derivatives markets return to form in 2022, a new forecast states.In a tweet on Jan. 4, Vetle Lunde, an analyst at Arcane Research, confirmed that BTC denominated open interest (OI) had returned to all-time highs seen in November.Open interest demands
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