Bitcoin advocate Najah Roberts explains why BTC is a tool for empowerment

If you ask 10 people what Bitcoin’s original purpose is, at least one person will say it’s meant to cut out the middleman, reduce the cost of transacting and empower those who might not have access to modern financial infrastructure.  While all of those boxes might be ticked, another phenomenon of financial technology, and technology in general, is that not everyone benefits equally from the revolutionary change it brings. Of course, this happens for a variety of unique reasons, some intentional and others unintentional, but the phenomenon of technological change…

ETH, BTC Marginally Higher Ahead of FOMC Meeting Results – Bitcoin News

Ethereum was marginally higher on Feb. 1, as markets prepare for the upcoming Federal Open Market Committee (FOMC) meeting results. Many are expecting that the U.S. Federal Reserve will increase rates by 25 basis points, taking current rates to 4.75%. Bitcoin was in the green on Wednesday, as prices rose above $23,000. Bitcoin Bitcoin (BTC) was back above $23,000 in today’s session, as traders turned their attention to this afternoon’s FOMC meeting. After recording a low of $22,874.43 on Tuesday, BTC/USD moved to an intraday high of $23,225.02 earlier today.…

9-year-old Henry takes BTC to the classroom

A nine-year-old boy’s efforts show that Bitcoin (BTC) is for everyone and Bitcoin education is for all ages. Henry, who lives in the U.K., gave a talk on Bitcoin to his classmates in an engaging and funny presentation. Cointelegraph spoke to Henry’s mother, an author and Bitcoin advocate who goes by Decentrasuze on social media, to find out more. My son orange pilling Year 5! Teacher feedback: ‘It was very informative, engaging and he really knew his subject knowledge well.’#Bitcoin  #Education #Environment pic.twitter.com/EVfWEejfVE — Decentra Suze (@DecentraSuze) January 31, 2023…

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 crypto investors reduce their exposure to smaller tokens and seek safety in Bitcoin. The reasons include Bitcoin’s better liquidity and lower volatility than alternative cryptocurrencies, or altcoins, primarily in a bear market. Bitcoin’s market dominance to grow further? As of Jan.…

BTC, ETH Lower, Ahead of Key Week of US Economic Data – Market Updates Bitcoin News

Bitcoin fell below $23,000 on Jan. 31, following a recent move to a five-month high over the weekend. Market volatility has since increased, as traders prepare for a big few days of economic data from the United States. The conference board will release its consumer confidence report later today, with the Federal Reserve holding its policy meeting on Wednesday. Ethereum also moved lower today. Bitcoin Bitcoin (BTC) retreated from a recent five-month high on Tuesday, with prices falling below the $23,000 mark in today’s session. BTC/USD fell to a low…

Bitcoin sees most long liquidations of 2023 as BTC price tags $22.5K

Bitcoin (BTC) swapped bullish gains for chop into Jan. 31 as the end of the month saw nervous price action. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $46 million of longs liquidated Data from Cointelegraph Markets Pro and TradingView tracked a less confident BTC/USD as it briefly wicked to just above $22,500 on Bitstamp overnight. A rebound saw the pair flip $23,000 to short-term resistance, and was still trading below that level at the time of writing. The stakes remained high for traders both long and short with the monthly…

Price analysis 1/30: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT

Bitcoin and altcoins started the week in the red, but if this week’s FOMC meeting aligns with investors’ general expectations, the wider crypto market could quickly rebound. Traders tend to lighten up positions before important events because they hate uncertainty. The United States Federal Reserve’s policy decision is on Feb. 1, where the central bank is expected to hike rates by 25 basis points. Market observers will keenly watch for any hints about how high the rates could go. That could be one of the reasons for the profit-booking in…

Bitcoin price is up, but BTC mining stocks could remain vulnerable throughout 2023

Bitcoin mining stocks usually follow BTC’s price because it directly influences the company’s earnings. These stocks were beaten down heavily in the last quarter of 2022, especially in the month of December. The downturn after FTX’s collapse worsened with the bankruptcy filings of the largest U.S.-based Bitcoin mining company, Core Scientific. During this time, other mining stocks, like Marathon Digital Holdings (MARA) in the chart below, exhibited a weak correlation with Bitcoin’s price, suggesting that December’s downturn was probably overblown. MARA/USD price chart with MARA-BTC Correlation Coefficient index. Source: TradingView…

BTC Nears $24,000 Following Weekend Rally – Market Updates Bitcoin News

Bitcoin started the week trading near a five-month high, as prices consolidated the weekend’s gains. Prices rose close to $24,000 on Sunday, following a breakout of a key resistance level. Ethereum fell back below $1,600 on Monday, after moving to a one-week high during yesterday’s session. Bitcoin Bitcoin (BTC) remained near a five-month high on Monday, following a strong rally towards $24,000 over the weekend. Following a high of $23,919.89 on Sunday, BTC/USD fell to a low of $23,166.83 to start the week. Sunday’s surge saw BTC bulls push prices…

Bitcoin Mining Revenue Increases as BTC Price Soars

With its high energy consumption remaining a challenge, the growth of crypto mining may stall unless miners embrace more sustainable energy sources. Following a minor bull run over the weekend, bitcoin mining revenue has increased by up to 50% in the first month of 2023. Rising energy costs, geopolitical tension, and a prolonged crypto winter made 2022 a hard year for the bitcoin mining community. By December, the Bitcoin mining revenue had dropped to just $13.6 million. After struggling for survival for months, many mining companies were forced to cease…