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CoinTelegraph
Bitcoin bulls plan to flip $23K to support by aiming to win this week’s $1B options expiry
Bitcoin’s (BTC) price has been trading above $22,500 for 12 days. Of course, this situation can change even if Federal Reserve chair Jerome Powell issues positive statements about the economy in today’s post-FOMC presser. Even if the decision matches the market consensus, the post-meeting statement should be investors’...
CoinTelegraph
Bitcoin pro traders warm up the $24K level, suggesting that the current BTC rally has legs
On Feb. 1 and Feb 2. Bitcoin’s (BTC) price surpassed even the most bullish price projections after the U.S. Federal Reserve (FED) announced plans to raise interest rates by 25 basis points. Even though FED chair Jerome Powell told investors not to wait for interest rate cuts in 2023,...
CoinTelegraph
Community mocks Charlie Munger for his obsession with China’s Bitcoin ban
The cryptocurrency community has ridiculed well-known Bitcoin (BTC) critic Charlie Munger, vice chairman of Berkshire Hathaway, for calling the United States to follow in the footsteps of China and ban crypto. In an op-ed article in The Wall Street Journal, the 99-year-old investment veteran has once again slammed crypto, calling...
CoinTelegraph
Metacade presale rockets past $5M as GameFi investors hurry to buy MCADE
London, United Kingdom, Feb. 2 2023 – The Metacade presale is selling out fast with stage three coming to a close after just 12 days. The presale of the play-to-earn (P2E) metaverse arcade saw its previous rounds sell out in four weeks, raising $2.7 million, but this has been dwarfed in comparison to the third stage selling out at lightning speed and bringing the project to raise $5 million in just several days.
CoinTelegraph
Bitcoin on-chain data and BTC’s recent price rally point to a healthier ecosystem
Bitcoin (BTC) had a rough time all throughout 2022. But fresh on-chain and futures market data show positive signs that the leading cryptocurrency by market capitalization has started to recover. After a bevy of short liquidations, the futures market is pointing toward renewed equilibrium. According to data from Glassnode, short...
CoinTelegraph
Do Dogecoin’s (DOGE) and Shiba Inu’s (SHIB) stalled rallies mean the memecoin trend is dead?
The memecoin phenomenon didn’t prove as effective in the last month's start of year crypto market rally, as the gains of the top cryptocurrencies in this category barely outperformed Bitcoin. The monthly gain of BTC stood at 44.5%, while the top two meme-based coins DOGE and SHIB gained 27% and 40.7%, respectively.
CoinTelegraph
Bitcoin 7-month high ‘dominance’ has BTC price eyeing $25K — Will Ethereum spoil the rally?
Bitcoin (BTC) is rapidly regaining its lost dominance in the crypto market so far into 2023. On Jan. 30, Bitcoin accounted for 44.82% of the total crypto market capitalization, the highest since June. In September, Bitcoin’s dominance index was as low as 38.84%. The index typically rises when most...
CoinTelegraph
Tether CTO Paolo Ardoino on taking the bull by the horn
Stablecoins have been under much scrutiny since the implosion of the third-largest stablecoin by market cap, TerraUSD (UST), in May 2022. The UST saga led to a lot of skepticism that caused consumers to question the safety of stablecoins. In the seventh episode of Hashing It Out, Cointelegraph’s Elisha Owusu...
CoinTelegraph
Avalanche ‘bull trap’ risks pushing AVAX price down by 30% in February
Avalanche (AVAX) bulls should brace themselves for impact led by a growing divergence between several key indicators on the daily-timeframe chart. The daily AVAX chart shows a classic bearish divergence between its price and relative strength index (RSI), a momentum oscillator forming since Jan. 11. In other words, the price...
CoinTelegraph
Why are Bitcoin and crypto pumping after the Fed meeting? Watch Market Talks live
In this week’s episode of Market Talks, Cointelegraph welcomes Budd White, chief product officer and co-founder of Tacen — a United States-based software company developing compliance software for a well-regulated crypto space. To kick things off, we get to know White a little better and find out his...
CoinTelegraph
Bitcoin poised for another attack on $24K as trader predicts ‘bearish February’
Bitcoin (BTC) rose above $23,000 into the Jan. 31 Wall Street open as markets braced for a fresh macroeconomic reckoning. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining around 1% in a single hourly candle before the start of trading, overcoming resistance in place overnight. With hours to...
CoinTelegraph
Millionaires flock to crypto: 82% sought investment advice in 2022
Despite a challenging year for crypto, 82% of millionaire clients had looked into investing in digital assets such as Bitcoin (BTC) in 2022, according to a recent poll conducted by financial advisory firm deVere Group. The poll results, released on Jan. 30, found that eight out of every 10 of...
CoinTelegraph
DeFi enjoys prolific start to 2023: DappRadar report
Decentralized finance (DeFi) protocols experienced a boom in total value locked across different staking pools in January 2023. The market hit $74.6 billion worth of staked assets, increasing by 26% from December. In its latest monthly report, DappRadar outlined the growth of the DeFi sector alongside rejuvenated nonfungible token (NFT)...
CoinTelegraph
Ethereum (ETH) price is aiming for $1,800 in February — Here is why
Ether (ETH) has been struggling with the $1,680 resistance since Jan. 20. Still, the ascending triangle pattern and improvements in investor sentiment in ETH derivatives provides hope that Ether price could reach $1,800 or higher by the end of February. This, of course, depends on how the Ether price behaves as it reaches the pattern deadline by mid-February.
CoinTelegraph
Bitcoin pumped 43% in January 2023! What to expect in February — Watch The Market Report live
This week on The Market Report, the resident experts at Cointelegraph discuss Bitcoin’s (BTC) impressive January rally and whether there are any indicators that suggest it could continue in February. We start off this week’s show with the latest news in the markets:. After sealing its highest weekly...
CoinTelegraph
Bitcoin meets FOMC after 39% January gains with Fed path ‘uncertain’
Bitcoin (BTC) hovered around $23,000 on Feb. 1 after sealing its best January performance in 10 years. Data from Cointelegraph Markets Pro and TradingView confirmed a monthly close of around $23,100 for BTC/USD — its highest since July 2022. The largest cryptocurrency finished the first month of the year...
CoinTelegraph
Here’s how Kazakhstan aims to enhance its legacy crypto trading framework
Kazakhstan, one of the world’s biggest Bitcoin (BTC) mining destinations, issued a consultation paper to gauge public interest in proposed amendments to improve the cryptocurrency trading framework. The policy paper, released on Jan. 27, was laid down by the Astana Financial Services Authority (AFSA), a Kazakh regulator. The AFSA...
CoinTelegraph
Alameda Research wallet receives $13M from Bitfinex, other sources
Nearly $13 million has been moved into the consolidation wallet of bankrupt crypto trading firm Alameda Research in just 24 hours, data from blockchain security firm PeckShield revealed on Feb. 2. The address received $6 million in Tether (USDT) and $2.5 million in Ether (ETH) from the hot wallet of...
CoinTelegraph
Blockchain IM apps to reach over half-billion dollar valuation by 2030
Blockchain use cases continue to surface as the technology becomes more accessible, with some use cases, such as blockchain-based messaging applications, on the cusp of mass adoption. According to a new report from Grand View Research, the global blockchain messaging application market size is forecasted to hit a valuation of...
CoinTelegraph
HSBC needs someone to helm its tokenization efforts
HSBC, the British multinational bank that manages the largest amount of assets in Europe, doubled down on its interest in digital currencies. The bank is looking for a top executive to work with asset tokenization. On Jan. 30, HSBC opened the GPBW product director of tokenization position with a hiring...
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