Day: January 17, 2023

Bitcoin has now recovered all its losses since FTX collapsed

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A Bitcoin logo inside a BitBase cryptocurrency exchange in Barcelona, Spain, on Monday, May 16, 2022. Angel Garcia | Bloomberg | Getty Images Bitcoin has held steady above $21,000 for the last two days, bringing it back above the price it was when Sam Bankman-Fried’s crypto exchange, FTX, began its slide toward bankruptcy. Since Monday, Bitcoin has held largely steady above $21,000, well above its Nov. 2 price of $20,283. The price of bitcoin has jumped over 22% in the last seven days, according to data from CoinMarketCap. Bitcoin fell…

Price analysis 1/17: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT

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Bitcoin’s chart shows a tug-of-war between bulls and bears, and this is having a slight impact on the upward price action of most altcoins. Risk assets have started the new year on a strong note. The S&P 500 (SPX) and the Nasdaq closed in the positive for the second successive week and also notched their best weekly performance since November.  Bitcoin (BTC) led the recovery in the crypto markets with a sharp 21% rally last week. That sent the Bitcoin Fear and Greed Index into the neutral territory of 52…

Kim Kardashian influencer marketing crypto prices

Celebrities, unfortunately, are only part of the problem with the current state of crypto marketing. An industry of Web3 YouTubers, Twitch streamers and TikTok stars emerged during the coronavirus pandemic. While most of these creators posted videos in good faith and wanted to share their passion for crypto and blockchain, there are, unfortunately, others who profited off retail, failing to disclose when they were paid to shill or when they took profits. Source

Bitcoin aSOPR Retests Bear-Bull Junction, End Of Resistance?

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Data shows the Bitcoin Adjusted Spent Output Profit Ratio (aSOPR) is retesting the historical bull-bear junction. Will a break be found this time? Bitcoin aSOPR Is Currently Doing Another Rest Of 1.0 Level As per the latest weekly report from Glassnode, a successful retest here could suggest a meaningful regime shift in the BTC market. The “Spent Output Profit Ratio” (SOPR) is an indicator that tells us whether Bitcoin investors are selling their coins at a profit or at a loss right now. When the value of this metric is…

XMR, DOT Move Higher, Rebounding From Recent Declines – Market Updates Bitcoin News

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Monero rebounded from recent losses on Tuesday, as the token attempted to recapture recent highs. The move comes as U.S. markets reopened following a public holiday on Monday. Polkadot also moved higher in today’s session, snapping a two-day losing streak. Monero (XMR) Monero (XMR) rebounded on Tuesday, as the token moved back towards a recent seven-month high. Following a low of $165.77, XMR/USD raced to an intraday peak of $173.28 earlier in today’s session. Today’s move saw monero bounce from its support at $165.00, and climb towards a resistance of…

Is this a bull run or a bull trap? Watch The Market Report live

This week on The Market Report, the resident experts at Cointelegraph discuss whether the recent and long-awaited Bitcoin (BTC) price rally is a bull run and the beginning of the next bull market or whether it is just a bull trap and investors should be cautious. We start off this week’s show with the latest news in the markets: Bitcoin price breakout or bull trap? 5K Twitter users weigh in Bitcoin is trading at its highest levels in over two months, but the phrase on every trader’s lips is “bull trap.” After…