Tag: Data

Bitcoin derivatives data suggests a BTC price pump above $18K won’t be easy

boss

Traders might rejoice now that Bitcoin price ventured above $17,400, but twenty-seven long days have passed since Bitcoin (BTC) last breached the $17,250 resistance.  On December 13, after a two-week-long lateral movement, Bitcoin posted a 6.5% rally toward $18,000 and even though the current movement still lacks strength, traders believe that a retest of the $18,250 resistance remains possible. Bitcoin 12-hour price index, USD. Source: TradingView To start the week, the S&P 500 index rose to its highest level in twenty-six days on Jan. 9. Weak economic data had previously…

Top 5 Crypto To Watch As CPI Data Is Released This Week

boss

The crypto market has been very bullish in the past week as the turn of the year sparked positive investor sentiment for the industry, especially to our top 5 crypto to watch this week. Since January 1st, the total market cap of crypto rose by 8.25% which shows a complete reversal of investor sentiment on the market.  As market optimism grows for an economic soft landing, crypto is poised for a recovery after a year of complete disaster. The market was devastated after multiple high-profile collapses, leaving investors as the…

Less than 100 Bitcoin ATMs added worldwide in the second half of 2022: Data

boss

While Bitcoin (BTC) ATMs were an afterthought to Satoshi Nakamoto’s vision of sound money, they are now considered one of the main pillars of Bitcoin’s mainstream adoption. However, the global Bitcoin ATM network, which used to add thousands of machines each month in 2021, recorded a net addition of just 94 Bitcoin ATMs over the past six months since July 2022. A year-long bear market in 2022 — accompanied by geopolitical tensions and global inflation — hindered various initiatives aiding the growth of the entire crypto ecosystem. As a result,…

Macroeconomic data points toward intensifying pain for crypto investors in 2023

boss

Undoubtedly, 2022 was one of the worst years for Bitcoin (BTC) buyers, primarily because the asset’s price dropped by 65%. While there were some explicit reasons for the drop, such as the LUNA-UST crash in May and the FTX implosion in November, the most important reason was the U.S. Federal Reserve policy of tapering and raising interest rates. Bitcoin’s price had dropped 50% from its peak to lows of $33,100 before the LUNA-UST crash, thanks to the Fed rate hikes. The first significant drop in Bitcoin’s price was due to…

Bitcoin yo-yos on US macro data amid call for BTC price to retest $17K

Bitcoin (BTC) flashed volatility at the Jan. 6 Wall Street open after fresh United States economic data disappointed risk-asset bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: BTC price in line for $17,000 retest Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $16,669 on Bitstamp around non-farm payrolls and unemployment figures. Both those came in better than expected, with mixed implications for the Federal Reserve having room for maneuver when it comes to its continued tightening of monetary policy. There may be some chance of relief for…

LastPass data breach led to $53K in Bitcoin stolen, lawsuit alleges

A class action lawsuit has been filed against password management service LastPass following a data breach from Aug. 2022. The class action was filed with the U.S. district court of Massachusetts on Jan. 3, by an unnamed plaintiff known only as “John Doe” and on behalf of others similarly situated. It alleges that the data breach of LastPass has resulted in the theft of around $53,000 worth of Bitcoin. The plaintiff claimed he began accruing BTC in Jul. 2022 and updated his master password to more than 12 characters using…

This Senior Data Analyst Quits Day Job to Focus on TikTok Content Creation

Williams has branded herself on TikTok as a career strategist who helps people build wealth, and now earns a salary of about $200k a year. Hannah Williams, a 26-year-old business management major from Georgetown University, has made headlines across mainstream media following her bold career moves toward TikTok content creation. In her full-time content creation, Williams delivers a TikTok series dubbed Salary Transparent Street that asks strangers how much money they make. Interestingly, her TikTok account hit the ground with a huge following over a short period. At reporting time,…

FBI Investigating 3Commas Data Breach

A 3Commas victim group, which has around 60 members, previously reached out to the U.S. Secret Service and other law enforcement agencies in an attempt to understand how their funds had gone missing. The group’s leader, Edmundo (Mundy) Pena, told CoinDesk that he has tallied the group’s losses at over $20 million. Source