February 2023
Bitcoin back above US$24,000, Fed releases February minutes
Bitcoin fell in a mixed morning for the top 10 non-stablecoin cryptocurrencies, with XRP posting the biggest gains in the list and Solana leading losses.
Markets: Bitcoin, Ether extend losses; Polygon, Solana biggest losers
Bitcoin and Ether fell in Wednesday afternoon trade in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization.
Markets: Bitcoin, Ether fall as 2-year bond nears 15-year high
Bitcoin and Ether fell on Wednesday morning trading in Asia along with all other top 10 non-stablecoin cryptocurrencies by market cap.
Bitcoin exceeds 154,000 inscriptions in a month as Litecoin Ordinals launches
The Bitcoin Network has recorded over 154,554 inscriptions since the launch of Bitcoin Ordinals on Jan. 21, a fork that enables digital assets to be inscribed on satoshis (sats)
Markets: Bitcoin gains, returns to US$25,000; XRP biggest winner in top 10 cryptos
Bitcoin and Ether prices rose in Tuesday afternoon trade in Asia, while all other top 10 non-stablecoin cryptocurrencies were mixed. XRP led gains at 2.37%, while Solana and Polygon dropped saw the largest declines.
Markets: Bitcoin, Ether up, Solana, Helium rise after merge announcement
Bitcoin and Ether rose in a mixed morning for the top 10 non-stablecoin cryptocurrencies. Solana posted the biggest gains while Polygon’s Matic led losses Tuesday morning in Asia.
Bitcoin surpasses Visa’s market cap to be 11th largest asset in the world
Bitcoin, the world’s first cryptocurrency, gained 15% in the past week to trade at US$24,885 and 7 p.m. in Hong Kong, surpassing payments giant Visa in market capitalization for the third time in history. See related article: Industry reacts: US cracks down on crypto, India calls for regulatory collaboration Fast facts See related article: Bitcoin […]
Markets: Bitcoin rises above US$24,000; Solana gains most in top 10 cryptos
Bitcoin rose above US$24,000 in Monday afternoon trade in Asia while all other top 10 non-stablecoin cryptocurrencies were mixed. Ether gained 0.18%, while Solana strengthened the most across the top 10 cryptos.
Markets: Bitcoin dips below US$24,000 to start the trading week in Asia
Bitcoin fell below US$24,000 in a mixed morning for the top 10 non-stablecoin cryptocurrencies by market capitalization on Monday in Asia.
Weekly Market Wrap: Bitcoin rises above US$23,000 after its first weekly ‘death cross’
Bitcoin briefly climbed above US$25,000 for the first time since August 2021, before declining to US$23,764 after its first weekly “death cross.” Investors liquidated over US$70 million worth of Bitcoin short positions in the past 24 hours, according to data aggregator GlassNode, contributing to BTC’s rally.
Bitcoin Breaches US$24,000
Bitcoin experienced its first ‘death cross’ ever, but what does this mean for the coin’s trajectory?
Markets: Bitcoin, Ether fall along with most top 10 cryptos following hawkish U.S. Fed remarks
Bitcoin and Ether fell during Asian trading hours on Friday, following hawkish remarks from U.S. Federal Reserve officials on more upcoming interest rate hikes.
Weekly NFT sales spike after Blur’s Valentines airdrop
Blur.io, the NFT marketplace that beat OpenSea’s trading volume in the past month, airdropped its platform tokens on Valentine’s Day, contributing to the global NFT sales increase this week.
Markets: Bitcoin slips back below US$24,000 as inflation worries resurface in U.S., equities slide
Bitcoin and Ether fell Friday morning in Asia, curtailing a strong run up in the week, after the U.S. January PPI rose much faster than expected.
Markets: Bitcoin rallies over 11% as top 10 cryptos gain, memecoin Floki surges 82%
Bitcoin posted the biggest gains during Asian trading hours on Thursday, along with increases in the rest of the top 10 non-stablecoin cryptocurrencies
El Salvador to establish ‘Bitcoin Embassy’ in Texas to promote adoption of digital assets
El Salvador, the first country in the world to make Bitcoin legal tender, is planning on opening a “Bitcoin embassy” in Texas.
Markets: Bitcoin breaches US$24,000 to highest price since August as short sellers liquidated
Bitcoin broke through the US$24,000 price ceiling for the first time in two weeks to reach its highest price since mid-August in Thursday morning trading in Asia, as investors liquidated almost US$70 million of mostly short-position bets.
Markets: Bitcoin, Ether extend gains; Cardano rises most among top 10 cryptos
Bitcoin and Ether prices strengthened in Wednesday afternoon trade, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Cardano led gains at 6.91%, followed by Dogecoin at 5.21%, though prices of top 10 tokens remain subdued on the week.
Singapore’s DBS Digital Exchange’s Bitcoin trade volume grows 80% in 2022
DBS Digital Exchange (DDEx), one of Asia’s first bank-backed digital exchanges, has reported a year-on-year increase of 80% in Bitcoin traded in financial year 2022, while the number of Bitcoin custodized with the bank doubled from 2021.
Markets: Bitcoin, Ether, other major tokens rise despite hotter-than-expected CPI reading
Bitcoin rose in Wednesday morning trading in Asia to move back above US$22,000 as investors shrugged off a seeming U.S. regulatory crackdown on digital assets and data showing U.S. inflation for January was above forecasts.
Markets: Bitcoin, Ether drop; BNB biggest loser in top 10 cryptos
Bitcoin and Ether dropped in Tuesday afternoon trade in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Binance’s native token BNB led the day’s decline across the top 10 cryptos.
Markets: Bitcoin rises amid market jitters as Paxos stablecoin issuer next regulator target after Kraken clampdown
Bitcoin was the only top 10 non-stablecoin cryptocurrency to gain in Tuesday morning trading in Asia in a market unsettled by regulators in the U.S. targeting digital asset companies.
Markets: Bitcoin, Ether prices extend losses; Dogecoin sole gainer among top 10 cryptos
Bitcoin continued to trade below US$22,000 in Monday afternoon trading in Asia. All other top 10 non-stablecoin cryptocurrencies dropped except Dogecoin.
Bitcoin mining difficulty dips 0.5% over two weeks after hitting record high
Bitcoin’s mining difficulty level edged down 0.5% in the two weeks through Sunday after hitting an all-time high in the previous adjustment, according to data from BTC.com.
Markets: Bitcoin treads water under US$22,000 following SEC action on Kraken, Ether falls
Bitcoin was little changed in Monday morning trading in Asia in a mixed morning for the top 10 non-stablecoin cryptocurrencies by market capitalization.
Bitcoin Price Dips
Bitcoin has fallen 4.5% since last week, but could this be seen as the coin trading sideways, or could we see even more drops in Bitcoin’s price?
Weekly Market Wrap: Bitcoin retreats below US$22,000 after a record January. Is the strong start to 2023 reversing?
After the strongest January price increase since 2013, Bitcoin gave up some of its gains this week to dip below the US$22,000 support line on Friday. The crypto market was buffeted by bearish comments on interest rates by U.S. Federal Reserve officials this week, along with concerns about a regulatory crackdown. Is this the start of a downtrend, a healthy correction, or the beginning of a so-called “crab” market moving sideways?
Markets: Bitcoin, Ether fall along with top 10 cryptos; SOL biggest loser
Bitcoin and Ether fell during Asian trading hours on Friday, along with the rest of the top 10 non-stablecoin cryptocurrencies by market capitalization. Solana’s native token notched the biggest loss, following rumors of a potential ban on crypto staking for retail investors in the U.S.
Markets: Bitcoin slumps in broad sell off amid SEC charges against Kraken, regulation worries
Bitcoin sank below US$22,000 on Thursday morning in Asia after the U.S. SEC slapped a fine on the Kraken exchange, sparking concerns that regulators are set to take a tougher line on crypto trading.
Markets: Bitcoin, Ether fall; Matic sees biggest gain as top 10 cryptos decline
Bitcoin and Ether fell during Asian trading hours on Thursday, along with the rest of the top 10 non-stablecoin cryptocurrencies by market capitalization, with Polygon’s Matic posting the biggest gains.
Markets: Bitcoin falls under US$23,000 as Fed says inflation remains stubborn. Most top 10 crypto decline
Bitcoin slipped back below US$23,000 on Thursday morning in Asia, tracking the fall in U.S. equity markets overnight amid comments from Federal Reserve officials that the fight to curb inflation is far from over.
Markets: Bitcoin, Ether extend gains; Polygon leads top 10 cryptos
Bitcoin and Ethereum extended gains on Wednesday afternoon in Asia along with all other top 10 non-stablecoin cryptocurrencies by market capitalization.
Markets: Bitcoin rises above US$23,000 as Fed says ‘disinflation’ started. All top 10 tokens gain
Bitcoin traded back above US$23,000 on Wednesday morning in Asia after U.S. Federal Reserve Chairman Jerome Powell overnight said the “disinflationary process” has started in the economy.
Markets: Bitcoin rises as Polygon gains most in top 10 cryptos
Bitcoin prices gained in Tuesday afternoon trading in Asia while Ethereum dropped with most other top 10 non-stablecoin cryptocurrencies by market capitalization.
Markets: Bitcoin, Ether fall with bearish U.S. equities, but Bitcoin long bets jump
Bitcoin and Ether dipped in Tuesday morning trading in Asia along with all other top 10 non-stablecoin cryptocurrencies as Wall Street fell overnight on concern the Fed may crank up interest rates for longer than expected.
Markets: Bitcoin, Ether extend losses: Solana, Polygon biggest losers
Bitcoin and Ethereum prices dropped in afternoon trading on Monday in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization. Bitcoin continued trading under US$23,000, while Solana and Polygon led losses.
Markets: Bitcoin falls below US$23,000, Ether drops as crypto market follows equities lower
Bitcoin traded below US$23,000 on Monday morning in Asia, tracking a decline in U.S. equities as unexpectedly strong job growth numbers on Friday raised concerns markets may face more interest rate hikes to slow the economy and inflation.
Weekly Market Wrap: Bitcoin breaches US$23,000 in best monthly performance since October 2021
Bitcoin climbed more than 39% in January to break through the US$23,000 resistance ceiling in its best monthly performance since October 2021. Can the world’s first and biggest cryptocurrency maintain the upward momentum? Industry commentators share their views with Forkast.
NFT’s Bitcoin Future
Could there be a shift in Ethereum’s monopoly of the NFT world as new technologies arise?
Markets: Bitcoin and Ether down, Polkadot biggest winner among top 10 cryptos
Bitcoin and Ether fell during Asian trading hours on Friday, along with the rest of the top 10 non-stablecoin cryptocurrencies by market capitalization, with Polkadot’s DOT posting the biggest gains.
Markets: Bitcoin dips to US$23,500, Ether inches up, other top 10 crypto mixed
Bitcoin and Ether traded mostly little changed Friday morning after a strong run up in the week, with other top 10 cryptocurrencies prices mixed.
Markets: Bitcoin and Ether up, Matic tops gains as investors wait for ECB’s decision on interest rates
Bitcoin and Ether rose during Asian trading hours on Thursday, along with the rest of the top 10 non-stablecoin cryptocurrencies by market capitalization. Polygon’s Matic posted the biggest gains
Markets: Bitcoin breaks US$24,000 ceiling after Fed says ‘disinflationary process’ started in U.S. economy
Bitcoin rose above US$24,000 for the first time since mid-August in Thursday morning trading in Asia before sliding back slightly.
Markets: Bitcoin stays above US$23,000; Cardano leads gains in top 10 cryptos
Bitcoin traded above US$23,000 throughout Wednesday afternoon trading in Asia, while Ethereum and other top 10 non-stablecoin cryptocurrencies were mixed. Cardano led gains with 2.03% followed by XRP’s 1.13%.
Bitcoin mining fund soars as BTC powers into 2023
Top blockchain and crypto news: BTC mining ETF outperforms. SBF under pressure as accusations mount. ‘China’s Instagram’ embraces NFTs.
New Bitcoin protocol may shake up the NFT market
Bitcoin has long been the world’s largest cryptocurrency blockchain, but non-fungible tokens or NFTs were always the domain of Ethereum. A new protocol could change that, and some in the Bitcoin community are not too pleased.
Bitcoin miner Greenidge Generation cuts NYDIG debt 78% to US$17 million
Troubled U.S.-based Bitcoin mining firm Greenidge Generation Holdings Inc. has restructured more of its debt to investment management service provider NYDIG and investment bank B. Riley Commercial Capital, the company announced on Tuesday.
Markets: Bitcoin climbs back above US$23,000 as most top 10 crypto tokens gain ground
Bitcoin prices broke back above US$23,000 in Wednesday morning trading in Asia.
January 2023
Markets: Bitcoin, Ether drop; Dogecoin rebounds
Bitcoin and Ethereum prices fell during Tuesday afternoon trading in Asia along with most other top 10 non-stablecoin cryptocurrencies. Dogecoin was the exception in that list as it rebounded from morning losses.
January weekly crypto product investment reaches highest since July, says CoinShares report
Digital asset investment products reached US$117 million in the week ending Jan. 27 — the highest since July 2022 — with nearly all of that going into Bitcoin.
Bitcoin falls in broad crypto pull back ahead of U.S. Fed meeting on interest rates
Bitcoin fell along with Ether and all other top 10 non-stablecoin cryptocurrencies in Tuesday morning trading in Asia, wiping out most of Monday’s gains.
Valkyrie’s WGMI Bitcoin Miners ETF named best-performing U.S. fund, surges 105% in 2023
Valkyrie’s Nasdaq-listed Bitcoin Miners exchange-traded fund (ETF), WGMI, has been the best-performing fund of 2023 so far, rising over 105% throughout January.
Bitcoin trades higher in Nigeria amid cashless economy drive
Bitcoin price was trading at a premium in Nigerian cryptocurrency exchanges on Monday following the central bank’s limit on ATM cash withdrawals.
Markets: Bitcoin, Ether extend gains; Solana leads among top 10 cryptos
Bitcoin and Ethereum were up in Monday afternoon trading in Asia, while all other top 10 non-stablecoin cryptocurrencies were mixed. Solana led gains at 5.08%.
Markets: Bitcoin closes in on US$24,000, lifts crypto top 10
Bitcoin was up on Monday morning in Asia, reaching its highest price in five months. Ether also rose along with all other top 10 non-stablecoin cryptocurrencies, with Solana and Litecoin posting the biggest gains.
Weekly Market Wrap: Bitcoin rebounds above $23,000. Can it maintain momentum?
Bitcoin this week broke through the US$23,000 price ceiling for the first time since Aug. 2022. Can the benchmark cryptocurrency maintain its momentum? Industry commentators share their views with Forkast on what the market is telling investors and the signals from the U.S. Federal Reserve on interest rates.
Markets: Bitcoin up, Ether down; MATIC tops gains among top 10 cryptos
Bitcoin was up and Ether was down by the end of Asian trading hours on Friday afternoon when most of the top coins fell slightly. Polygon’s MATIC saw the biggest gains among the top 10 non-stablecoin cryptocurrencies
Markets: Bitcoin dips but holds above US$23,000, Ether slips, Polygon biggest gainer in top 10
Bitcoin and Ether gave up some of their January gains in Friday morning trading in Asia, though both are still higher for the week.
Markets: Bitcoin, Ether up; ADA posts most gains among top 10 cryptos
Bitcoin and Ether were up during Asia trading hours on Thursday afternoon as many markets in Asia returned from the Luna New Year break. Cardano’s ADA led the rally among top 10 non-stablecoin cryptocurrencies by market capitalization.
Markets: Bitcoin, Ether prices rise as crypto market stages rebound; Solana biggest gainer among top 10
Bitcoin and Ether rebounded in Thursday morning trading in Asia amid broad gains in the top 10 non-stablecoin cryptocurrencies.
Markets: Bitcoin, Ether extend losses; Solana, Cardano biggest losers in top 10 cryptos
Bitcoin and Ethereum fell in Wednesday afternoon trading in Asia, as Solana and Cardano led losses among the other top 10 non-stablecoin cryptocurrencies by market capitalization.
Blockstream says it raised US$125 million to expand Bitcoin mining operations
Blockchain infrastructure firm Blockstream Corporation Inc. on Tuesday said it raised US$125 million from convertible note and secured loan financing to expand its Bitcoin mining operations and meet strong demand for what it called “institutional hosting services.”
Markets: Bitcoin, Ether dip as investors take profits; earnings reports, economic data rattle equities
Bitcoin and Ether fell in Wednesday morning trading in Asia, along with the other top 10 non-stablecoin cryptocurrencies as investors seemed to be taking profits after the strong gains in crypto prices since the start of the year.
Markets: Bitcoin rises above US$23,000; Polkadot, BNB lead gains across top 10 cryptos
Bitcoin broke the US$23,000 resistance line in Tuesday afternoon trading in Asia, with most other top 10 non-stablecoin cryptocurrencies by market capitalization also higher.
Markets: Bitcoin edges higher, Ether little changed; XRP, Polkadot post strong gains in mixed market
Bitcoin edged higher to the US$23,000 resistance line, while Ether traded little changed in mixed early morning trading in Asia on Tuesday.
India’s CoinDCX exchange says crypto tax rules are reducing government revenue
India announces its full year budget on Feb. 1, the last before general elections in 2024, and the cryptocurrency and digital asset industry is lobbying the government for changes in tax rules, among others.
U.S.’ first nuclear-powered Bitcoin mining center to open in Q1
The U.S. will open its first nuclear-powered data center offering Bitcoin mining in the first quarter of the year.
Markets: Bitcoin slips, remains above US$22,000; Dogecoin leads gains
Bitcoin dipped 0.89% in Monday afternoon trading in Asia but remained above a four-month high of US$22,00, while all other top 10 non-stablecoin cryptocurrencies by market capitalization were mixed.
Markets: Bitcoin holds at four-month high above US$22,000, crypto market cap back over US$1 trillion
Bitcoin traded little changed Monday morning in Asia, holding above a four-month high of US$22,000 amid a broader rally over the weekend, helped by comments from a U.S. Federal Reserve official backing a smaller interest rate increase at the central bank’s meeting at the end of this month.
Markets: Bitcoin dips below US$21,000
Bitcoin slipped below US$21,000 in Friday afternoon trade in Asia while prices of other top 10 non-stablecoin cryptocurrencies were mixed.
Weekly Market Wrap: Bitcoin up over 21% in best weekly performance since Feb. 2021. Bull run or bull trap?
Bitcoin’s price has had its best weekly run up since February 2021 in the seven days through Jan. 18, but is that the start of a bull run or setting up the optimists for a sucker punch? Experts share their predictions with Forkast.
Markets: Bitcoin bounces back above US$21,000, Cardano gains amid CoinDesk speculation
Bitcoin and Ether rebounded Friday morning in Asia along with all of the top 10 non-stablecoin cryptocurrencies. Cardano and Ripple led the gains.