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Happy Monday Folks! As we start the second week of 2023, it appears Bitcoin is breaking out but is this "the breakout?" I'd say we'd need to see Bitcoin get above $20K before we can seriously talk about a trend change. I update this blog throughout the day so check back later.
Most Covered
- Bitcoin price breaks three week trading range of $17K as equities jump on US fed speculation; aims for fresh really to $18K.(5)
- CFTC files its own case against Mango Markets exploiter Avraham Eisenberg.(5)
- Metropolitan Bank heads for Crypto Exit as the bank cited recent developments in the crypto industry as one of the reasons for the move.(4)
Global recession will push Bitcoin price to remarkable highs in 2023 — Bloomberg Analysts. $28 billion pumps into crypto markets in 24 hours as bulls push prices higher. Christophe De Beukelaer Belgian MP received his salary in Bitcoin for a year and considers his experiment successful, as he raised awareness among the local lawmakers. Crypto layoffs mount as exchanges continue to be ravaged by the prevailing bear market. US authorities becoming more savvy in enforcing Crypto sanctions.(2) French financial regulator AMF supports faster mandatory licensing for Crypto firms.(2) Hong Kong wants to become crypto hub despite industry crisis.(2) German regulator warns of new banking and crypto malware ‘Godfather.’(2)
BTC price 3-week highs greet US CPI — 5 things to know in Bitcoin this week (Cointelegraph)
- Bitcoin price passes $17,000
- CPI countdown returns as risk asset traders eye volatility
- DCG publicly faces the music
- Miners break severe selling streak
- “Extreme fear” meets 18-month crypto volume lows'
$BTC: Five Reasons Why Bitcoin Could Be a Better Store of Value Than Gold
- Limited supply
- Decentralized nature
- Greater liquidity
- Greater accessibility
- Potential for long-term growth
Jefferies downgrades Bitcoin miner Marathon Digital on construction delays. Hive earned 184 BTC from curtailing its power use in December; that's almost as much as it mined. Bitcoin miners stop selling, is this a bottom signal? Core Scientific increases bitcoin production despite winter storm. Bitcoin mining stocks surge with broader market as traders see less aggressive Fed. Bitcoin Hashrate reaches all-time high, boost could lead to record-setting difficulty increase. Former CCP official apologies for 'grave losses' as a result of supporting crypto miner. Less than 100 Bitcoin ATMs added worldwide in the second half of 2022. Barbarians are at Grayscale’s gates. Can they take over GBTC?
Is Ether ($ETH) a better long-term bet than Bitcoin ($BTC)? Ethereum’s Shanghai public testnet to hit the Floor in February end.
Over 52 Crypto exchanges supporting upcoming $FLR airdrop to $XRP holders.(5) Flare Airdrop: Will Celsius users receive their tokens?(2) Meanwhile, Ripple's XRP leads CoinShares inflows in otherwise down week. Institutions eyeing $XRP as investors increasingly betting on victory in SEC lawsuit: CoinShares.
$1.5 billion inflows into Cardano in a day; Is ADA a good investment now? Cardano follows bullish sentiment, $ADA could become top 3 coin.
Dogecoin hits 3-week high as wider Crypto market flips green. #11 Solana ($SOL) surges 24% and becomes the most-viewed Crypto, but is it sustainable growth?(2) However, Solana foundation run RPCs go offline, Exec weighs in.
Crypto.com in hot water again as UK watchdog files dispute for violating advertising laws. Crypto giant Binance bleeding assets. Crypto exchanges need to start giving customers their keys.
Former FTX US President Brett Harrison teases insider info on SBF’s bankrupt Crypto exchange.(3) Around 117 parties interested in buying FTX units, court documents show.(2) FTX cofounders' Robinhood shares worth over $450 million seized.(3) FTX spent $40M on food, flights, and hotels in just 9 months. FTX faces uphill task to sell LedgerX and other businesses; declined to disclose. Federal prosecutors ask victims of Sam Bankman-Fried and FTX to reach out and verify their stories. FTX opposition to $1B Binance deal is 'hypocrisy and chutzpah,' says Voyager and tells court Binance acquisition plan is ‘sound business judgment,’ urgently needed.
The wallet address related to the $190 million Nomad hack transferred more than 1200 Ether to the sanctioned cryptocurrency mixer Tornado Cash. BlockFi management hasn't withdrawn any Crypto since October, lawyers tell court and BlockFi plans to file assets and liabilities for bankruptcy case on Jan. 11.
Well that is a wrap folks, if you'd like to be in the know throughout the day, join me on Wubits where I am constantly sharing my thoughts about the Crypto market and personal development type topics. It's a community where you can meet REAL people, make REAL connections, and have REAL conversations.
WATCH
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Podcast of the Day: Alexander Leishman: Building Generation Wealth with Bitcoin | The Bitcoin Matrix
Other Podcast
- China & America’s Economic War with Matthew Pines | What Bitcoin Did
- Where Bitcoin Mining Goes From Here | The Breakdown
- #194: Nick Saponaro, CEO of Divi Project, on 2023 Predictions, Bitcoin, and Altcoins | CryptoNews
