Bitcoin & Crypto Trading

2023-01-04 08:25:00 Today is the 14th anniversary of the launch of the core bitcoin network

On January 3, 2009, a person or group of people under the alias Satoshi Nakamoto launched the main network of the first cryptocurrency, mining a genesis block of 50 bitcoins. His hash contains the headline of the article "Chancellor on brink of second bailout for banks" by the British edition of The Times

The price of BTC on that day was $0.0008

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2023-01-04 07:45:05 Between 10% and 51% of employees fired crypto companies in 2022

Mass layoffs in the crypto industry have two reasons:
The bear market led to a decrease in trading volumes and, as a result, a drop in income.
Loss of trust in centralized companies as a result of restrictions and the collapse of FTX.

For the first 3-6 months of 2023, there is a high probability that the trend towards cost reduction in crypto companies will continue.

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2023-01-03 09:18:01 JUST IN: Bitcoin miners generated $9.55 billion in revenue in 2022.

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2023-01-03 07:08:25 Gemini is now publicly calling out Barry/DCG, saying total owed is nearly $1.7B and that Barry hasn't been cooperating on a resolution.

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2023-01-02 20:25:09 Binance to acquire the fifth-largest South Korean exchange Gopax.

Binance is considering buying the fifth-largest virtual asset platform in South Korea, Gopax. The company has reportedly completed its due diligence and is ready to take the final steps.

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2023-01-02 17:52:01 Draft legislation for the digital Ruble forwarded by legislators in Russia.

A group of Russian legislators, headed by Anatoly Aksakov have proposed draft legislation to create the digital Ruble that the Bank of Russia will issue.

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2023-01-02 17:03:02 Best Channel for News on Crypto, Bitcoin and Trading

Admin: @ETHMergeAdmin

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2023-01-02 15:42:56 ETH DAILY UPDATE:

ETH is trading inside a symmetrical triangle in the daily time frame frame. Currently, it is hovering around $1200 level. We have a strong support in the range of $1100-$1200 level. As long as ETH holds this support we can expect an upside rally.

Breaks and close below $1100 in daily time frame will be bad for market. But as long as it above the support we can expect some bullish rally in the month of January.

Stay tuned and pin our channel at the top for regular updates.

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2023-01-01 19:35:10 Bitcoin closed 2022 down 64%

Historically, BTC has never closed in the negative two years in a row

2011 - BTC was down 58%;
2014 - BTC fell 56%;
2018 - BTC fell 72%;

These years were bearish and preceded the new ATH. If the trend continues, the next 2-3 years should be bullish

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2023-01-01 17:09:47 The S&P 500 ended the year down 18%, its largest loss since 2008. Since 1940, the only years with a larger decline: 1974, 2002, and 2008. $SPX

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