Let’s look at how these blockchains achieve decentralization, how entities could attempt to exert disproportionate control, and what built-in mechanisms prevent this.

The top two crypto assets have risen significantly in the past seven days, with bitcoin jumping 22.6% and Ethereum increasing 18.6% against the U.S. dollar. According to market data, both crypto assets saw the largest increase on Saturday, Jan. 14, 2023. The sudden spike in value caused the highest ratio of short liquidations vs long liquidations since July 2021, according to a recent Alpha report from Bitfinex.

The beginning of 2023 has provided Bitcoin (BTC) with bullish indicators and the rally to a year-to-date high at $21,647 has crypto traders hopeful that the worst part of the bear market has ended. The surge effect of BTC’s bullish price action is also carrying over to Ether (ETH) and Bitcoin mining stocks.

Heather Morgan, a rapper by the name Razzlekhan, has landed a new job even while being charged for stealing Bitcoin worth $4.5 billion.

BTC’s uncanny resemblance with the last two market cycles raises the possibility that the bottom could be in, but full confirmation is dependent on on-chain data.

Data shows the Bitcoin Adjusted Spent Output Profit Ratio (aSOPR) is retesting the historical bull-bear junction. Will a break be found this time?

Silvergate and Coinbase popped at the open after the crypto-friendly bank reported earnings as traditional markets were mixed.

The Bitcoin (BTC) price rebound to a multi-month high has rubbed onto the mining stocks as well. Many of these crypto-mining stocks recorded their best monthly performance in a year. The surge in mining stocks also came as a relief for the troubled miners who had to sell a significant chunk of their mined coins to boost liquidity last year.

Mike McGlone, Bloomberg's senior commodity strategist believes Bitcoin could be developing a "bottom" in the same way it did prior to 2019's bull run but said there is a major difference this time around. During a Jan. 16 interview with crypto podcaster Scott Melker, McGlone argued unlike in 2018 when financial institutions such as the Federal Reserve were easing interest rates, this time they’re still tightening along with "every central bank." "Back then the Fed already started easing and we held the bottom and broke out higher and then we had that issue in 2019," he said. (Cointelegraph)

Bitcoin held above US$21,000 in Tuesday morning trading in Asia with the total cryptocurrency market capitalization also briefly breaching the US$1 trillion-dollar mark in the last 24 hours for the first time since mid-November. Ether also rose along with Polygon and Solana on the top 10 list of non-stablecoin cryptocurrencies. Dogecoin fell. The total crypto market capitalization over the 24 hours dipped 1% to US$991 billion, while trading volume rose 15.8% to US$54.1 billion. (forkast)