Indeed, by press time on January 6, Bitcoin was valued at $16,758, with gains of about 6.6% over the last week. The weekly chart shows that Bitcoin’s 2023 peak stood at $16,721 on January 4. Despite the gains, Bitcoin investors are looking for a possible bottom to usher in a new rally for the maiden cryptocurrency. Currently, the $17,000 level remains a key resistance position for BTC. Impact of macroeconomic news on BTC’s price Based on the recent price movement, crypto trading expert and analyst Michaël van de Poppe in a tweet on January 6, stated that Bitcoin is at support while identifying key long positions to look out for, especially with key macroeconomic data coming out....

According to data acquired and calculated by Finbold, Bitcoin’s return on investment over the past five years has outperformed five leading banks’ stocks by 4,214% on average. The cryptocurrency has outperformed Wells Fargo (WFC) by a whopping 7,151.86%. Compared to Citigroup (C), Bitcoin ROI is higher by 4,951.47%, while Goldman Sachs (GS) ranks third at 3,101.94%. Among the highlighted asset classes, Bitcoin also controls a higher market capitalization of $813....

Speaking to Yahoo Finance Live, Smith noted that mining will be more decentralized with operators moving to other regions like the U.S and Europe. Notably, most global Bitcoin mining is in China, and the sector has suffered significantly following the crackdown. According to Smith, in the next few years, more mining operations will relocate overseas, easing the centralization concerns in China. He notes that the entire cryptocurrency sector will reap with miners offloading their Bitcoin holdings and relocating....

In trading, market participants use two contrasting types of analysis. Fundamental analysis examines market news, economic/social/political forces, and earnings data to predict how an asset’s price will move. Technical analysis, on the other hand, uses charts and various technical indicators to forecast market conditions. One of the essential tools used for technical analysis in securities trading is Bollinger Bands. Its primary incentive is to help the trader establish a trend’s direction, spot potential reversals, and monitor volatility....

Dr. Mark Ghaly, secretary of California Health and Human Services, said in a conference on Friday that theme parks may open once their respective counties enter the red tier designation. California has color-coded tiers. Purple is the most stringent, while the red tier is the second most restrictive. CNN reported that the Long Angeles and Orange counties, where Disneyland and the Universal Studios theme parks are based, are still in the purple tier as of Friday....

Many people have tried to see who searches for them on Twitter or views their profile.’ But is it possible to see who searches for you on Twitter? The guide has answered if you can see who searches for you on Twitter and how you can see Twitter analytics. Let’s get started! Can You See Who Searches for You on Twitter? Several applications have promised users that they can view who searches for them on Twitter....

According to the CEO Paul Haber, Cardano is one of the platforms that will lead in this, hence the investment. He said: Cardano soars in 2021 Cardano has been in the limelight since 2021 began. This has been mainly because of its bullish move, which has taken it higher than expected. The cryptocurrency recently rose to become the third-largest by market capitalization but later retraced to the fifth position. The price has crossed $1 for the first time during this period....

Specifically, on March 16, the TVL for the largest Proof-of-Stake (PoS) digital asset was $207.67 million, an all-time high breaking all of its previous records, according to the data from the analytics platform Defi Llama. It’s worth noting that the TVL for Cardano has been on a steady rise since late January 2022 after a long dipped period and coinciding with the launch of SundaeSwap (SUNDAE), the blockchain’s first decentralized exchange (DEX)....

Specifically, the major Cardano accounts have added $138 million worth of the ADA token in the period between July 27 and August 5, according to a tweet by on-chain and social metrics platform Santiment shared on August 5. Moreover, the platform also posted a chart showing the combined accumulation of the decentralized finance (DeFi) token’s “shark” and “whale” addresses – those ‘hodling’ between 10,000 and 10 million ADA. According to the chart, these ADA investors added a combined 0....

The 2021 report states that the government identified a change in drug money flow from online bank transfers to cryptocurrencies as a new phenomenon, Chinese news outlet Nncc626 reported on June 23. China, which has emerged among the top crypto unfriendly countries, stated drug traffickers are also leveraging game currency to facilitate illicit trade. Overall, authorities noted that drug trafficking is increasingly moving online as perpetrators look for means to beat the system....

The newest data from the Center for Aviation (CAPA) shows that the Asia Pacific will not be the world’s largest travel region by the end of this year, as travel in Europe will overtake it and crown the old continent as the largest travel region in 2022. Meanwhile, in a Twitter post, Bloomberg’s top forecaster, Christophe Barraud, highlighted that air traffic in China crashing again, with the number of flights down almost 50% year-on-year (YoY), primarily due to new restrictive measures after the Golden Week....

In a statement released on Saturday, the PBOC said that it will also supervise financial platforms to comply with regulations. It said that it will take steps to prevent major financial risks and lower the number of high-risk financial institutions in key provinces. It added that it will push for the creation of a financial stability law proposed by central bank deputy governor Liu Guiping in March. China’s crackdown on crypto trading and mining China launched the most intense crackdown on crypto trading and mining since 2017 amid increasing popularity and surging prices of Bitcoin (BTC) and other cryptocurrencies....

Speaking with CNBC, Matthews Asia portfolio manager Teresa Kong discussed the Evergrande crisis and the long-term opportunities in China’s real estate. Analyzing China and its move to urbanization, she said: Kong added: Investors need to be prudent in the sector Without mentioning names, Kong recommended that investors choose certain managers that have a lengthy track record of selecting solid firms with great governance and a strong balance sheet, as well as companies that have been very conservative with their leverage usage....

Speaking with CNBC, the CEO of the financial services firm TD Ameritrade Christopher Brankin, discussed China’s “substantially beat up” stocks and outlined that investors are now taking a ‘wait-and-see’ approach with such firms. Investors are keeping an eye on Chinese stocks companies due to mounting coronavirus cases, regulatory obstacles, and macroeconomic and geopolitical risks. Braking opined: The CEO added: Shanghai Composite and Hang Seng both down The CEO pointed out that people do not want to take on further risk at this time, highlighting the Shanghai Composite Index, which is down over 11% only in the past month, and the Hang Seng Index, which is down around 18% in the last month....

In a blog post published on January 28th, Coinbase reiterated that the current market correction is not near the levels of 2018’s crypto winter, maintaining there are significant fundamentals bound to continue driving growth in the sector. According to the trading platform, the current fundamentals replicate the 2017 market rally that laid the foundation for the recent growth. Coinbase cited aspects such as the continued focus on Web3 alongside increasing use cases in DeFi, NFTs, DAOs, gaming, and the metaverse....

Trading has become more complicated, and derivatives are just one example of how the concept of trading has evolved. In a world filled with thousands of assets, some with multiple derivatives and extremely high price volatility, trading bots have become an essential tool amongst professional traders. Trading software helps automate the process of applying trading strategies. Research and analysis still have to be done by the trader. In this article, we are reviewing one such cryptocurrency trading bot that is especially ideal for a beginner but is also just as useful to a professional....

There is little doubt that economic cooperation between these two nations will continue to grow, as China is also facing some economic hardships at home. So far, China has been reaping the benefits of cheaper Russian energy as Europe pilled sanctions upon sanctions on Russia. Furthermore, China is opening up more as the costs of shipping goods internationally from the Shanghai port have dropped for the 14th week in a row, reaching levels seen last time in December 2020....

Indeed, the votes cast by the members of the crypto tracking platform CoinMarketCap project that Bitcoin will be changing hands at the average price of $19.368 on January 31, 2023, according to the data retrieved by Finbold on January 19. Should the estimations of 19,438 member votes prove true, it would mean that the price of Bitcoin by the end of January will decline further by -6.64% or -$1,377 compared to its current value, which at press time stood at $20,745....

With the number of Ethereum addresses with a balance greater than zero steadily increasing, reaching a new all-time high of 92.5 million addresses on January 22, there is a chance that ETH/USD may strengthen if Ethereum network activity and usage continue to set new records as the month draws to a close. Votes cast by the members of the crypto tracking platform CoinMarketCap project that Ethereum will be changing hands at the average price of $1,424 on January 31, 2023, according to the data retrieved by Finbold on January 23....

But not everyone is optimistic that this trend will continue. Specifically, the social volume of calls for ‘sell OR selling OR sold’ has been reaching its peaks in the past several days. Indeed, according to data from the social trends feature shared on May 5 by the on-chain and social metrics platform Santiment, the volume of calls in this area is the highest since early February. As per the tweet: ‘FUD’ is a commonly used piece of technical jargon in the crypto industry, and is an acronym for the sentiment of ‘fear, uncertainty, doubt’ – typically referring to the pessimism of the market participants in terms of its near future....