The global AI market is forecast to grow $1394.30 billion in 2023. Investors and traders can tap into AI to benefit from features such as automation and accuracy. Bitcoin and AI also have the capacity to combat frauds in transactions across global markets. Have you ever thought that where technology will extend us, either intelligent…
Cryptocurrency
13% of Bitcoin supply in profit as BTC rallies above $18,200
Bitcoin price jumped more than 5% on Thursday to hit levels above $18,400. According to on-chain data from Glassnode, the price rally has helped return 13% more BTC into profit; now 60.5% of circulating supply is in profit. Only 47%-48% of BTC had been in profit between November 2022 and the start of January, 2023….
Cryptocurrency
Bitcoin price: Analyst says BTC could hit $25K by March
Bitcoin price broke above $21,440 on major cryptocurrency exchanges for the first time since the FTX implosion. Much of the buying pressure was retail driven as crypto mirrored stock markets’ Friday surge. Veteran trader and markets analyst Peter Brandt has shared his prediction for Bitcoin price in 2023. Cryptocurrencies roared into the weekend as Bitcoin…
Cryptocurrency
Binance and Huobi recover 121 BTC from Harmony bridge hackers
The Harmony bridge hack took place in June last year and over $100 million was lost 121 bitcoins have been recovered by Huobi and Binance security teams. The hackers were also moving ETH worth about $64 million over the weekend. Seven months after one of the largest cryptocurrency exploits of 2022 took place, industry players…
Cryptocurrency
Crypto prices surge via strongest rally in 9 months, but why?
Key Takeaways Bitcoin is back in the 20s, Ethereum has crossed $1,500 and altcoins are powering north in what is the biggest crypto rally in 9 month Optimism that Federal Reserve will pivot off high interest policy sooner than expected, following cooler inflation data Next big day for crypto markets is February 1st, when the…
Cryptocurrency
Grayscale Bitcoin Fund up 25% this year, but discount still killing investors
Key Takeaways GBTC Fund is up 25% since the start of the year, compared to a 4% rise in the underlying asset, Bitcoin The discount is now back to where it was prior to the FTX collapse, at 37% The discount had hit an all-time high of 50% only four weeks ago The largest…
Cryptocurrency
Bitcoin could tank further but you might be excited by this Bloomberg prediction
Bloomberg report projects bullish Bitcoin in 2023 Analysts bank on recession dynamics and central banks’ actions as bull triggers BTC trades on a short-term recovery, with $19,000 in sight Investors may hold their breath, hoping that 2023 will turn out to be a good year for crypto and stocks alike. But even with these hoped-for…
Cryptocurrency
Its the calm before the storm in crypto markets
Key Takeaways Crypto volatility has come down and extreme on-chain activity subsided in period of relative calm Several concerning developments around Genesis, Gemini and DCG are still ongoing, however Volatility could also spark up once the US inflation data is revealed this week Period is reminiscent of the low drama environment pre-FTX in October …
Cryptocurrency
What to expect in crypto ahead of inflation report, as Bitcoin banks eight straight days of gains
Key Takeaways Bitcoin has increased for eight straight days, now up 9.2% on the year Period of low volatility in the crypto markets paired with softer inflation data has sent prices upward Latest CPI report is out Thursday which will trigger volatility and is vitally important for the market following increased optimism over last month…
Cryptocurrency
Argo Blockchain mined 28% fewer bitcoins in December
Argo Blockchain mined 147 bitcoins in December 2022, down from 198 in November. Mining revenue was $2.49 million, compared to $3.46 million during the previous month. Argo sold its Helios facility to Galaxy Digital for $65 million as it looked to avoid nose-diving into bankruptcy. Argo Blockchain, a leading Bitcoin miner that endured a terrible…
