Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here!
Satoshi Nakamoto, the pseudonymous crater of Bitcoin, officially mined the genesis block of Bitcoin on Jan. 3, 2009, which led to the minting of the first 50 BTC and kicked off the cryptocurrency revolution. Many in the crypto community used this opportunity to honor the token that started it all, but the day of celebration was mired by a lackluster performance in the market.
Data from TradingView shows that Bitcoin price ranged from a daily low of $16,558 in the early hours to an intraday high of $16,768 near midday, only to return to $16,671 at the close of the markets in the U.S., which represented a daily decline of 0.35%.According to Kitco senior technical analyst Jim Wyckoff, “Traders are waiting for a spark to ignite price action in what has been a quieter holiday trading period.
While much of crypto Twitter remains unsure of what will come next for Bitcoin following a brief spurt of energy on Monday, crypto analyst il Capo of Crypto remains convinced that the recent pump in price is merely a bull trap, and Bitcoin remains destined for a trip to the $12,000 range.It takes a tiny pump into resistance to turn everyone bullish again. This same bull trap has been happening during the entire 2022, yet people don't learn.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Around 200+ Bitcoin [BTC] lost in a hack, says core developerLuke Dashjr, one of the original core creators of Bitcoin, claimed that a hack that happened right before the new year cost him “essentially” all of his BTC. The developer claimed in a tweet on 1 January that the suspected hackers had acquired access to his PGP (Pretty Good Privacy) key. This popular security technique […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin slips beneath $16.7k, but here are two support levels to watch out forDisclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion The market structure of Bitcoin was bearish on higher timeframes December’s lows at $16,256 could be tagged before a move higher, but should you buy the dip? The sentiment behind Bitcoin has been fearful […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
ShapeShift CEO predicts this momentous landmark for Bitcoin in 2023ShapeShift CEO says BTC has the potential to reach $40K by the summer However, according to Standard Chartered, BTC may fall as low as $5K There has been little consensus among Bitcoin [BTC] pundits in recent weeks, with billionaire investors, research experts, and crypto executives all providing drastically divergent predictions for the future of the […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin [BTC] to be haunted by the bears in 2023? Yes, say these metricsNew data suggests that Bitcoin holders have started selling their BTC at a loss Whales started to lose interest as selling pressure grew, however, traders remained optimistic According to 2 January 2023 tweet, the majority of Bitcoin [BTC] holders have started to lose faith in the king coin. Reportedly, the net realized losses for Bitcoin are […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
Ethereum processed three times as many transactions as Bitcoin in 2022The Ethereum network processed 338% more transactions than Bitcoin in 2022 as dApps and layer two protocols offered a greater variety of use cases.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »