Decentralized social network Damus teased an upcoming feature in its app that would allow users to earn Satoshi — the smallest fraction of Bitcoin (BTC)  — based on post engagement on the platform.

Bitcoin slipped toward $22,500 once again in the past 24 hours but managed to bounce off and is once again situated around $23,000.

Bitcoin (BTC) lingered near $23,000 on Feb. 7 as a key chart phenomenon hit for the first time in 18 months.

The market is trading in green as significant coins are showing an increase today following the announcement by Genesis of reaching an agreement with the Digital Currency Group and Gemini. At the time of writing, Bitcoin increases by 0.74% in the last 24 hours. Ethereum hikes by 1.03%.

Ordinals – a new and controversial Bitcoin-based protocol – is making its mark on-chain with a record number of Taproot-related transactions, according to the blockchain data provider Glassnode. 

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it ignored the start of U.S. equities trading to stay near $22,800.

Prominent technical analyst Ali Martinez has spotted a buy signal on Bitcoin’s 4-hour chart, citing a critical technical indicator.

Lightning Network, a Layer 2 payment network built on top of the Bitcoin blockchain, has reached an all-time high in terms of capacity, or the amount of bitcoin (BTC) locked in payment channels.

Bitcoin failed at $23,500 yesterday and dropped by almost $1,000 in the following hours to mark its lowest price point in about a week.

Around 620,000 new Bitcoin (BTC) addresses holding 0.1 BTC or less joined the network when the flagship asset regained the $20,000 mark on Jan. 13, according to Santiment data.