Crypto News Today Live Updates December and Latest News: (16 January 2023) The digital asset market is trading high on positive sentiments shown by investors. The cumulative crypto market cap went on to regain the vital $1 trillion market cap. The biggest crypto like Bitcoin (BTC) and Ethereum (ETH) prices have surged by 23% and 20% over the past 7 days, respectively.
Bitcoin Price Moving To $65K?
In the last 24 hours, the BTC price has been trading sideways after hitting a high of $21,345. However, on-chain data and analysts suggest more upside for Bitcoin. Can the BTC price rise above $65K by mid-2023?
Crypto analysts Michael van de Poppe and Credible Crypto remain bullish on Bitcoin price. Michael van de Poppe believes the BTC price will pullback below $21K amid the bounce in the U.S. dollar index (DXY), which is currently over 102.50. Read More Here…
Are Crypto Investors Facing FOMO Now?
After the FTX debacle, the cryptocurrency market collectively collapsed. At that time, the investors expressed concerns about the stability of the industry.
However, recently Bitcoin which is also the world’s largest cryptocurrency soared surpassing $21,000 in over two months. Not only Bitcoin price but other crypto tokens joined this crypto rally. ETH price is also up by 19.98% in the last 7 days.
There are many uncertainties surrounding digital assets, such as whether a short squeeze will push prices higher and phase them out. As per the report, Noelle Acheson in the newsletter “Crypto Is Macro Now” wrote that FOMO is likely to play a role in how the market evolves from here.
Shiba Inu Becomes ETH Whales’ Largest Holding
Shiba Inu price have managed to surge by more than 22% in the last 7 days, while the Dogecoin price jumped by around 15%. The recent Shibarium Beta launch has led the SHIB to get an edge over the DOGE.
As reported, the top 100 whales held around $69.5 million worth of Shiba Inu Coins till January 13, 2023. However, this SHIB holding has now reached to stand around $176 million. Read More Here…
Shiba Inu Price Surges By 6%
Shiba Inu Coin price jumped by more than 6% in the last 24 hours. SHIB is trading at an average price of $0.000011, at the press time. Its 24 hour trading volume has dropped by 2% to stand at $446 million.
SHIB price is on a surge and riding high on the anticipation of the launch of Shibarium. Shiba Inu Price is up by 22% over the past 7 days.
Bitcoin Short-Term Traders Profits Shoot
The world’s largest cryptocurrency Bitcoin (BTC) gave a very strong breakout over the last weekend breaking past its 200-day moving average of $19,500. As of press time, BTC is trading at $21,094 with a market cap of $406 billion.
On-chain data provider Glassnode reports that Bitcoin short-term traders witnessed their most profitable spending day on January 14, after April 2022. A profitable STH-SOPR hints that there’s sufficient demand in order to absorb the profits taken. The SOPR retest to ~1.0 would distinguish this rally from previous breakout attempts back in 2022. Read More Here…
Crypto Market Regains $1 trillion Level
The digital asset market is trading high on positive sentiments shown by investors. The cumulative crypto market cap went on to regain the vital $1 trillion market cap.
As per the data, the total market capitalization surged by over 2% over the past day to stand at $995 trillion. However, the 24 hour trading volume has dropped by 25% to stand at $48.2 billion.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.