Tag: Data

BTC, ETH Consolidate Ahead of US GDP, Consumer Sentiment Data – Market Updates Bitcoin News

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Cryptocurrencies continued to consolidate recent gains on Jan. 24, as markets prepared for a big week of U.S. economic data. Gross domestic product (GDP) figures for Q4 2022 will be released on Thursday, followed by consumer sentiment data the day after. Ethereum also secured recent gains in today’s session, with prices nearing a move below $1,600. Bitcoin Bitcoin (BTC) consolidated for a third straight day, as traders continued to secure gains from Saturday, when prices rose to a five-month high. Despite consolidating, BTC/USD remained above $23,000 for most of today’s…

NFT Application Floor Acquires Data Platform WGMI.io to Educate Traders

The Floor iOS and Android app is currently in a closed beta test for a small community of token holders. It is led by co-founder and chief operating officer Christine Brown, who was previously the crypto chief operating officer at investing platform Robinhood, and co-founder and chief technology officer Siddhartha Dabral, who formerly founded software company Button Inc. Source

Stablecoin data points to ‘healthy appetite’ from bulls and possible Bitcoin rally to $25K

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Bitcoin (BTC) rallied 11% between Jan. 20 and Jan. 21, reaching the $23,000 level and shattering bears’ expectations for a pullback to $20,000. Even more notable is the move brought demand from Asia-based retail investors according to data from a key stablecoin premium indicator. Traders should note that the tech-heavy Nasdaq-100 index also gained 5.1% between Jan. 20 and Jan. 23, fueled by investors’ hope in China reopening for business after temporary shutdowns caused by the CCP’s virus contagion measures and weaker than expected economic data in the U.S. and…

Bitcoin price stays near $23K as data shows hodlers not selling BTC

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Bitcoin (BTC) refused to surrender gains at the Jan. 23 Wall Street open as United States equities opened higher. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar sags as risk assets reject retracement Data from Cointelegraph Markets Pro and TradingView showed BTC/USD continuing to circle $22,800 at the time of writing. The pair had managed to conserve its trading range over the weekend, with a local low of $22,315 allowing bulls to avoid a major setback. The mood remained buoyant among risk assets on the day, with the S&P 500…

69% users bet metaverse entertainment will reshape social lifestyle: Data

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Last year the crypto and Web3 saw a dichotomy between extremely turbulent markets, yet high prospects for the future of the space. Both users and investors alike have continued to pile into the industry, especially in areas concerned with the metaverse. A new survey from CoinWire, which surveyed over 10,000 investors in the crypto space in December 2022, found that user sentiment towards the metaverse has digital reality poised to influence all areas of social life. 69% of respondents have placed their bet on the metaverse to reshape social lifestyle with a…

Bitcoin derivatives data shows room for BTC price to move higher this week

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This week Bitcoin (BTC) rallied to a 2023 high at $23,100 and the move followed a notable recovery in traditional markets, especially the tech-heavy Nasdaq Composite Index, which gained 2.9% on Jan. 20. Economic data continues to boost investors’ hope that the United States Federal Reserve will reduce the pace and length of interest rate hikes. For instance, sales of previously owned homes fell 1.5% in December, the 11th consecutive decline after high mortgage rates in the United States severely impacted demand. On Jan. 20, Google announced that 12,000 workers…

PayPal Reports Data Breach Information for Nearly 35,000 Accounts Worldwide

PayPal sent notifications to all the affected accounts asking them to change their passwords. PayPal said that there had been no breach in their systems. One of the world’s largest online payment services platforms PayPal faced a major breach of data last month between December 6 and December 8, 2022. As per reports, the hackers got away with the sensitive information of 34,942 accounts. PayPal noted that the data included the Name, address, personal tax identification numbers, social security number, and date of birth, of the compromised accounts. The company…

T-Mobile Suffers Data Breach, 37 Million Customers Affected

The full scale of the impact on T-Mobile’s business is not yet clear. Besides, the company is unable to predict how the incident might change its customers’ behaviour. American largest telecommunications company T-Mobile US Inc (NASDAQ: TMUS) is investigating a data breach that has affected as many as 37 million customers. According to the company, the hackers have been stealing the account data, including name, billing address, email, phone number, date of birth, T-Mobile account number, and information such as the number of lines on the account and plan feature, for…

Gemini’s Bitcoin Inflows From Other Exchanges Dropped to Roughly Six-Year Low, CryptoQuant Data Shows

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For example, Kraken’s and Coinbase’s current 30-day SMAs for their BTC inflows are not close to their six-year low. In 2023, Kraken’s incoming BTC transfers have oscillated between roughly 700 BTC and 1,030 BTC, while Coinbase’s have ranged from roughly 2,800 BTC to 3,700 BTC. Kraken and Coinbase BTC inflows have grown 42.5% and 30.5, respectively, this month, according to CryptoQuant. Original

Data suggests Avalanche’s (AVAX) rally was a buy the rumor, sell the news event

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Avalanche (AVAX) came into the spotlight early at the beginning of 2023 by adding its blockchain support to Amazon Web Services (AWS) cloud. However, empirical and on-chain analysis suggests that Avalanche’s price surge is likely due to a broader cryptocurrency market pump which will likely end with the rest of the market. Is Avalanche’s Amazon news exaggerated? While integration with the world’s largest blockchain service is a positive step for Avalanche, the hype around its implications might be exaggerated. The evidence lies in a similar move that Avalanche’s team made…