Bitcoin on-chain data and the recent BTC price hike point to a healthier ecosystem

Bitcoin (BTC) has been a rough year all year 2022. But fresh on-chain and futures market data show positive signs that the leading cryptocurrency by market capitalization is beginning to recover. After a swarm of short liquidations, the futures market signals a renewed equilibrium. According to data from Glassnode, liquidation of short positions has filtered … Read more

Market Strategist Warns of ‘Blood’ on Feb. 1 Ahead of Fed Meeting – Bitcoin Economics News

Stocks, precious metals, and cryptocurrencies rose during the first month of the year, and market analysts say markets could roll back in the near future if the US Federal Reserve continues to raise interest rates and maintain a broader tightening policy. In three days, on February 1, 2023, the Federal Open Market Committee (FOMC) is … Read more

The Rise of AI-Focused Projects in 2023 – Bitcoin Blockchain News

Trends show that artificial intelligence (AI) will be a major topic in 2023, with data indicating increased interest. Since interest peaked and Microsoft invested billions in Chatgpt, the demand for AI-focused cryptocurrency projects has skyrocketed. For example, cryptocurrency project Fetch.ai has seen native FET token up 212% over the past 30 days, and another AI … Read more

Robert Kiyosaki Says ‘We’re in a Global Recession’ – Warns of Rising Bankruptcies, Unemployment and Homelessness – Economics Bitcoin News

We’re in a global recession, says Robert Kiyosaki, the famous author of the bestselling Rich Dad Poor Dad. He warned of high rates of bankruptcy, unemployment and homelessness, and noted that there is good news for investors looking for “deals”. The last warnings of Robert Kiyosaki Rich Dad Poor Dad author Robert Kiyosaki is back … Read more

Bitcoin options markets continue to send bullish signals – here are the implications for BTC price

The Bitcoin options market continues to indicate that investors are anticipating a further upside in the BTC price. According to the chart on The Block, Bitcoin’s widely followed 25% skew has remained above zero since mid-January and recently reached its highest level since Q4 2021 at nearly 6.0. Options delta skew of 25% is a … Read more

Microsoft Reportedly Layoffs Of Key VR And Metaverse Teams – Metaverse Bitcoin News

The latest round of layoffs at Microsoft, which announced it will cut 10,000 jobs this year, has hit key teams for VR (virtual reality) and its reverse efforts, according to reports. The company will close two projects in these areas, Altspacevr and Mixed Reality Tool Kit, which may affect Microsoft’s progress in these areas. Microsoft … Read more

Debt Deflation Warnings, Chiparium Buzz Sees SHIB Rise, Ex-US FTX Chief Speaks SBF, and More – A Week in Review – Bitcoin Weekly News

Jeff Booth, author of The Price of Tomorrow, warned of a “major recession on steroids” if the US Federal Reserve continued to raise interest rates, while hype over an expected Layer 2 (L2) measure known as the Shibarium served as the dynamic backdrop to the moves. Prices in Shiba Inu. In other news, former US … Read more

Morgan Stanley CEO Says Inflation Has Peaked and China Has Hit the Head – Economics Bitcoin News

James Gorman, CEO of Morgan Stanley, says two recent changes are of “huge significance” for the economy. The executive explained that inflation has clearly peaked and that China has achieved a “major pivot” economically. CEO of Morgan Stanley on the US economy and inflation Chairman and CEO of global investment bank Morgan Stanley James Gorman … Read more

Market Paths Hinged On Decision – Economics Bitcoin News

Stocks, precious metals, and cryptocurrencies have been on a tear for the last three weeks of 2023, and all eyes are now focused on the upcoming 11-day meeting of the Federal Open Market Committee (FOMC). On Friday, Federal Reserve Chair Christopher Waller said he would favor a quarter-point increase in interest rates at the next … Read more

The rising price of bitcoin provides a huge relief to bitcoin miners

Bitcoin mining powers network transactions and the price of bitcoin. During the 2021 bull run, some mining operations raised funds against Bitcoin ASICs and BTC reserves. Miners have also pre-ordered ASICs at a huge premium and some have raised money by doing IPOs. As the cryptocurrency market turned bearish and liquidity within the sector was … Read more