By James RubinThe largest cryptocurrency by market capitalization was recently trading at $21,215, up 1.2% over the past 24 hours but a marked improvement from its levels little more than a week ago. BTC's roughly 25% surge over the past seven days has come amid rising investor confidence that inflation is waning and the economy will land softly.
Ether was recently changing hands at 1,573, a 1.5% gain from Monday, the same time. ETH is up 20% during the past seven days. Other major cryptos were largely in the green with popular meme coin Shiba Inu recently jumping more than 12% and DOT, the token of the smart contract platform Polkadot rising more than 4%. The"The fact that we are now flirting with $21,500 is amazing," JJ Kinahan, CEO of trading provider IG North America, told CoinDesk TV's"First Mover" program.
Kinahan added:"We're going to get up to about the $22,500 level, before you really start to see resistance." A day after the long, U.S. holiday weekend, equity markets were mixed with the tech heavy Nasdaq up ever so slightly, but the Dow Jones Industrial Average and S&P 500 sinking, as investors weighed fourth-quarter declines in profits at financial service giants Goldman Sachs and Morgan Stanley, which are among the first companies to report earnings.
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First Mover Americas: Bitcoin Tops $21K, Outshines S&P 500, GoldBitcoin touched the $21,000 mark for the first time since November and Bloomberg reported that Binance will allow institutional investors to keep their collateralized crypto off the exchange. LedesmaLyllah reports. LedesmaLyllah Massive $LUNC Rewards Ongoing LUNCREWARD Pinned Tweet
Source: CoinDesk - 🏆 291. / 63 Read more »
First Mover Asia: Bitcoin Tops $21.3K as Cryptos' 2023 Feel-Good Story ContinuesBitcoin topped $21.3K at one point in Monday trading as the recent surge in crypto prices continued. FTT, the token of troubled crypto exchange FTX, rose again counterintuitively but the increase is part of a trend. JPRubin23 and TheSamReynolds write JPRubin23 thesamreynolds JPRubin23 thesamreynolds Speculation that the Feds paid a huge ransom in BTC after the FAA was hacked, shutting down all flights last week. That would account for the run up in price. JPRubin23 thesamreynolds FTT sounds like it's legit ...lol
Source: CoinDesk - 🏆 291. / 63 Read more »
Market Watch: Solana Soars 5%, Bitcoin Marked 10-Week High Above $21KShiba Inu is also another notable gainer after positive news came from the team.
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Bitcoin Maintains $21K, Metaverse Tokens Soar (Market Watch)MANA, SAND, and GALA are among today's best performers.
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Crypto Markets Today: Bitcoin Holds Strength Above $21K, Congress' FTX ProblemOne in three members of Congress received donations from FTX's bosses. $BTC and $ETH traded flat over the past 24 hours. Equities closed mixed as traders processed big banks’ Q4 earnings reports. _jocelynyang_ reports. _jocelynyang_ CoinDesk has identified 196 members of the new Congress who took cash from Sam Bankman-Fried or other senior executives at FTX, including new Speaker of the House Kevin McCarthy (R-Calif.) and Senate Majority Leader Chuck Schumer (D-N.Y.) ... _jocelynyang_ Only negative things to say about that A hole, remember he wrecked people's lives even who were not just FTX investors but other lenders & investors _jocelynyang_ Absolute disgrace!! buying people!
Source: CoinDesk - 🏆 291. / 63 Read more »