Bitcoin News
Bitcoin, Ether Hold Steady After Genesis' Bankruptcy; Crypto Traders Say Bad News Was Priced In
The path of least resistance for crypto is on the higher side, one observer said, drawing attention to bitcoin's tendency to carve out double-digit gains during the Chinese New Year holidays.
First Mover Asia: Bitcoin Returns to Its Winning Ways
ALSO: Shaurya Malwa writes about Singapore asset management firm Cobo's initiative to introduce separate custodian, clearing and settlement services to crypto.
Crypto Markets Today: Bitcoin Rides Over $21K, FTX's Possible Revival
Bitcoin rose 1.5% to trade at $21,100 after dipping earlier on Thursday. Ether was also trading up 0.6% to $1,550. Equities closed down.
Bitcoin Holds Steady Near $21K Even as Equities Slide
Bitcoin was hovering near $21,100 Thursday in afternoon trading. Investors have priced in Genesis’ looming bankruptcy filing and the crypto industry’s other recent travails, one analyst said.
Latest Sign of Strengthening Momentum in Bitcoin
Bitcoin's 14-day relative strength index (RSI) recently rose past 80 to its highest since 2019 after bitcoin (BTC) touched a two-month high, according to data from Trading View. This comes as Arcane Research considers this a "proper signal of strengthening momentum in BTC since the bull market of 2021." "All About Bitcoin" host Lawrence Lewitinn breaks down "The Chart of The Day."
Gemini’s Bitcoin Inflows From Other Exchanges Dropped to Roughly Six-Year Low, CryptoQuant Data Shows
The data suggests traders may be finding Gemini to be less desirable than other exchanges.
Crypto Markets Analysis: Bitcoin’s Relative Strength Readings Are in Rare Territory
The widely watched measure of trading momentum rose during bitcoin’s surge but has fallen over the last couple of days as BTC has declined.
Crypto Trading Giant QCP Capital Expects Fed to Be Irate as Financial Conditions Ease
The recent risk revival in traditional markets and cryptocurrencies may not sustain because the U.S. central bank is still fighting inflation, the Singapore-based crypto options trading firm said.
Bitcoin Bridged to Avalanche Surpasses BTC Locked in Lightning Network
Smart contract blockchain Avalanche added support for BTC in its cross-chain bridge in June 2022.
First Mover Asia: FTX’s Illiquid Holdings Filled With Tokens That Sit in Venture Funds in Which It Invested; Bitcoin Falls Below $21K
A good portion of FTX's illiquid tokens can be found on the balance sheet of funds, including Sino Global and Multicoin Capital. FTX invested in these funds, and their names often appear alongside FTX as co-investors in projects.
