After getting pummeled by losses for the better part of last year, bitcoin and other cryptocurrencies are rallying in 2023 -- prompting speculation that the so-called crypto winter is over.
After getting pummeled by losses for the better part of last year, bitcoin and other cryptocurrencies are rallying in 2023, prompting speculation that the so-called crypto winter — the digital asset world’s equivalent of a bear market — is over. Bitcoin, the world’s most popular crypto, is up 25% over the past month, hovering above $20,000 for the first time since November, when the implosion of Sam Bankman-Fried’s trading platform FTX sent shock waves through the industry. Ethereum, the No.
“Wall Street is very confident that the end of the Fed’s tightening cycle is upon us and that is providing some underlying support for crypto,” wrote Ed Moya, a senior market analyst at Oanda, on Friday. “Unless we hear some strong hawkish pushback from the Fed or if commodity prices surge, crypto traders should not be surprised if Bitcoin is able to extend its recent gains.” Bitcoin peaked more than a year ago, in November 2021, just shy of $69,000.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Following Recent Highs – Market Updates Bitcoin NewsBitcoin consolidated on Jan. 16, as U.S. markets closed in celebration of the Martin Luther King Jr. Day holiday celebration.
Consulte Mais informação »
CNN closing doors on its downtown Atlanta CNN CenterCNN is moving out of its downtown Atlanta mainstay.
Consulte Mais informação »
Shane Co. will pay you $1,500 to go on 15 first dates | CNN BusinessTired of going on awkward first dates? Maybe some cash will incentivize you.
Consulte Mais informação »
Gen Z has a new 'vintage' technology to obsess over | CNN BusinessFirst, it was disposable cameras. Then it was low-rise jeans. Now, Gen-Z's latest 'vintage' obsession is the flip phone -- that mid-1990s era phone that has suddenly become oh so popular with millennials.
Consulte Mais informação »
Forget inflation, it's all about earnings | CNN BusinessTo everything there is a season and now is the time for earnings.
Consulte Mais informação »
What's open and closed on MLK Day 2023 | CNN BusinessMartin Luther King Jr. Day celebrates the birthday of civil rights leader the Rev. Martin Luther King Jr., who won the Nobel Peace Prize in 1964. He was assassinated four years later.
Consulte Mais informação »