3 Reasons Why Crypto Could Explode When Key US Economic Data Lands on Wednesday
Several critical pieces of economic data will be released, raising anticipation for the Federal Reserve's interest rate policies. And these releases could spell the start of some significant gains in cryptocurrency prices.
Common Crypto Terms Every Trader Should Know — Part 2
If you’re a newbie in the crypto market, chances are you’ve stumbled upon an article or forum post that includes these terms. This lingo is the first thing beginners traders need to know. Sequel to part 1 of these terms, we have created a list of other important crypto terminologies to help get you started in the market.
Bitcoin Miners Return From Winter Storms, Difficulty at an All-Time High
The Bitcoin mining difficulty level jumped 10.26% on Monday morning in Hong Kong, hitting an all-time high reading of 37.59 trillion, as several U.S-based miners came back online from recent winter storms that forced them to unplug, according to data from BTC.com.
Degens Can’t Quit FTX Token Trading, FTT Surges 52%
The embattled FTT token has surged today as traders continue to pile into the collapsed exchange asset in an attempt to make a quick buck.
What is Grayscale Investments?
Grayscale Investments is a company that manages cryptocurrency trusts and other investment products. How does it work? How is it evolving? Let’s see!
Egyptian Pound Reaches New Low Against US Dollar Despite Flexible Exchange Rate Regime
The exchange rate of the Egyptian pound versus the U.S. dollar fell to a new low on Jan. 11 after it tapped 32.14 per greenback. The currency’s latest significant depreciation came just a few months after it adopted a flexible exchange rate regime. According to the International Monetary Fund, the monetary authorities in Egypt have pledged not to intervene in currency markets. (Bitcoin.com)
Twitter's Crypto Price Index Feature Expands to 30 Tokens and Counting
Twitter has quietly expanded its new crypto feature that enables users to search the price of individual tokens, adding at least another 30 tokens. The new additions are part of the social media giant's "$Cashtags" feature which was announced by the Twitter Business account on Dec. 21 with the news Bitcoin (BTC) and Ether (ETH) were the first to be part of the new feature.
Peter Brandt Shares Super Bullish Outlook On Bitcoin
In a tweet yesterday, Veteran trader Peter Brandt shared a bullish outlook on Bitcoin in response to recent price action. While Brandt cautions that no one knows what the market will do, and this is his “dunce-hat” prediction, the analyst sharing his weekly and monthly chart indicates that Bitcoin is potentially forming an inverted head and shoulders chart pattern. In the short term, the veteran trader sees a rally to about $25k before the asset’s price pulls back to retest the potential neckline to complete the pattern. Notably, Brandt places the neckline support at about $18,387.5. (thecryptobasic)
Autofarm Announces $5M Investment in AI-Fi: Decentralized AI Finance
Autofarm announces that it is securing a private $5 million strategic investment round in January 2023. This fundraising aligns with the progress Autofarm is making in the integration of advanced Artificial Intelligence (AI) and Machine Learning (ML) technologies through the establishment of AutoLabs, an in-house research division dedicated to exploring the integration of AI/ML technologies.
