Bitcoin

Bitcoin touched its highest intraday level in six months on Thursday, coming close to $25000. The largest cryptocurrency by market value hit about $24769 ...

That was up 11% from 24 hours earlier, and the highest intraday level in CoinMarketCap data since August 2022.\n\nPrices for other tokens such as ethereum also rose. trading Wednesday for digital tokens and crypto-related stocks such as Coinbase, MicroStrategy, and Silvergate Capital.\n\nThe rally comes amid a flurry of regulatory news this week:\n\nExchange giant Binance said Wednesday it expects to pay fines to settle U.S. Data from Coinglass shows investors short selling bitcoin, or betting it would fall in price, exited positions worth $64.5 million on Wednesday.\n\nCryptocurrencies have broadly rallied this year alongside other risky assets, buoyed by expectations that benchmark U.S.

A surge in cryptocurrency prices has wiped out almost $200 million in bearish positions as Bitcoin's roaring rally picks up speed again.

Bitcoin is now up almost 50% in 2023—though still a far cry from its late-2021 high near $69,000. The price of Bitcoin has risen 11% over the past 24 hours to more than $24,600, having popped above $24,800 in earlier trading. [in which it had stagnated for weeks](https://www.barrons.com/articles/bitcoin-price-crypto-markets-today-eefa82e5?mod=article_inline) after a roaring rally to start the year.

Bitcoin surged to a six-month high, according to Santiment on-chain analytics firm, on mild accumulation from 100 to 1,000 BTC traders.

It also noted that this "mysterious fund" also withdrew 397 million USDC from Circle through a separate address and transferred to exchanges since Feb. 10, the address has withdrawn 155 million USDC from Circle and transferred it to exchanges. This is derived from the analysis of USDC stablecoin deposits and withdrawals on Circle from the said time to date. Also, it has spotted a "mysterious fund" that kept on pouring money into the crypto market as lead cryptocurrencies Bitcoin and Ethereum dropped. In the first seven weeks of the year, Bitcoin (BTC) increased by about 50%, reaching a high of $24,903 on Feb. 16, the highest level since August 2022, gaining 12% in the last 24 hours, according to data from [CoinMarketCap](https://coinmarketcap.com/currencies/bitcoin/).

Bitcoin price is up on Feb. 16 as a combination of factors sends (BTC $24647) to six-month highs. Data from Cointelegraph Markets Pro and TradingView.

Although the 48% upswing has slowed, it is still too early to say whether this is just a minor pullback or a resumption of the longer-term bear trend. Ripple may be embarking on a rally towards $0.44. The exchange could pay monetary penalties and settle existing investigations on its US business. [More Cryptocurrencies News](https://www.fxstreet.com/cryptocurrencies/news) [Bitcoin: Crypto markets bullish no more?](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-weekly-forecast-crypto-markets-bullish-no-more-202302101145) XRP price has rallied by 6.5% in the last three days. It also does not guarantee that this information is of a timely nature. Looking for a partial retrace to deliver another setup to scalp the volatility around the U.S. 16 as a combination of factors sends (BTC $24,647) to six-month highs. If they clear $25k they can exploit the upside illiquidity fast. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. BTC/USD gained almost 10% on Feb. 15 and another 2% on Feb.

Crypto prices are climbing as global stocks advance.

The liquidations came alongside a near-9% jump in the token on Feb. Some $64.5 million of short positions in Bitcoin were liquidated on Wednesday, the most in about a month, according to data from Coinglass. But they have since extended a rebound from last year's rout, including a near-50% year-to-date climb in Bitcoin.

Citizens of Nigeria and Lebanon are turning to Bitcoin to solve their economic problems. Citizens in developed countries have benefited from relatively stable ...

For reasons like we are seeing in Nigeria and Lebanon, those living in developing economies may be the ones who spur widespread adoption of Bitcoin at a much faster rate than people in developed economies, simply out of necessity. As a result of this limited supply, the purchasing power of Bitcoin holders may actually increase with time. Those with money in a Lebanese bank lost the vast majority of their purchasing power overnight. In a groundbreaking announcement, the central bank of Lebanon on Feb. For those living in Nigeria, a recent policy limits the total amount of withdrawals from banks. As a result, people are looking for alternatives and seem to have found a way out with the world's first cryptocurrency -- Bitcoin (

EDMONTON, Alberta, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Bitcoin Well Inc. (“Bitcoin Well” or the “Company”) (TSXV:BTCW; OTCQB:BCNWF), the non-custodial...

- (529) (5,896) (1,204) $ (13,603) $ (5,992) $ (5,372) $ (1,852) $ (4,353) $ (3,471) $ (2,333) $ (227)

Bitcoin's positive correlation with tech-heavy Nasdaq has broken down: despite a decline in US stocks, BTC has rebounded, wiping out its losses from t.

Although the 48% upswing has slowed, it is still too early to say whether this is just a minor pullback or a resumption of the longer-term bear trend. It is important to note that the asset hit this level in the first two weeks of January and yet continued its price rally. As seen in the chart above, Bitcoin price is in an uptrend and the asset wiped out its losses from the second week of February, climbing above the $24,500 level. The author makes no representations as to the accuracy, completeness, or suitability of this information. The exchange could pay monetary penalties and settle existing investigations on its US business. XRP price has rallied by 6.5% in the last three days. The author has not received compensation for writing this article, other than from FXStreet. The author will not be held responsible for information that is found at the end of links posted on this page. IV reflects the market’s view on the likelihood of future movements in Bitcoin prices. Since IV has a predictive nature it serves as a useful tool in gauging the overall market condition. This comes as a surprise since Bitcoin’s correlation with the Nasdaq recently turned positive, climbing to 0.74 for the first time in four months. Bitcoin’s positive correlation with tech-heavy Nasdaq has broken down: despite a decline in US stocks, BTC has rebounded, wiping out its losses from the past week.

Bitcoin and cryptocurrency-aligned stocks have continued to soar as traders on both sides of the Atlantic plunged into riskier assets. Bitcoin spurred the.

[Coinbase Global Inc (NASDAQ:COIN)](https://www.proactiveinvestors.com.au/NASDAQ:COIN/Coinbase-Global-Inc/) proceeded with a meaty 17.5% in Thursday’s pre-market trade, sending shares to US$69.34. [Argo Blockchain PLC (LSE:ARB, OTCQX:ARBKF, NASDAQ:ARBK, ETR:0XP)](https://www.proactiveinvestors.com.au/LON:ARB/Argo-Blockchain-PLC/) on the main market veered upwards of 17%, vastly outmaneuvering the FTSE All-Share Index and the junior market. [Hut 8 Mining Corp (TSX:HUT)](https://www.proactiveinvestors.com.au/TSE:HUT/Hut-8-Mining-Corp/) added around 156%. [Citadel’s reported 5.5% stake](https://www.proactiveinvestors.co.uk/companies/news/1006324/silvergate-capital-stock-soars-amid-valentines-trade-reports-1006324.html) in the bank, which would be worth around US$25 million. [MicroStrategy Incorporated (NASDAQ:MSTR)](https://www.proactiveinvestors.com.au/NASDAQ:MSTR/MicroStrategy-Incorporated/), the world’s largest corporate bitcoin holder under the stewardship of uber-maximalist Michael Saylor, has surged 15% in the past week. [Ordinals](https://www.proactiveinvestors.co.uk/companies/news/1006396/bitcoin-and-ethereum-to-crypto-regulators-we-see-you-but-we-don-t-care-1006396.html) caused the benchmark cryptocurrency’s rally.

Miner CleanSpark sold clean bitcoin tokens to alternative investment firm Melanion Capital.

CoinDesk is an independent operating subsidiary of [Digital Currency Group](https://dcg.co/), which invests in [cryptocurrencies](https://dcg.co/#digital-assets-portfolio) and blockchain [startups](https://dcg.co/portfolio/). [ Consensus 2023](https://consensus.coindesk.com/), CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. [strict set of editorial policies](/ethics/). state of Georgia, sold SBC to Melanion Digital, the digital assets arm of alternative investment and asset management firm Melanion Capital, according to a press release sent to CoinDesk. Based on today’s bitcoin energy consumption levels, we estimate that SBC would sell now for approximately $1,150, which is roughly a 5% revenue add to a miner’s bottom line," if they're using 100% clean energy, David said. By allowing miners to sell SBC, the protocol hopes to incentivize them to use clean energy as another revenue stream opens up to them.

Going 'Parabolic'—Analyst Who Called 2020 Crypto Boom Issues Huge Bitcoin Price Prediction After $100 Billion Ethereum, BNB, XRP, Cardano, Dogecoin, Polygon And ...

"However, with the fresh consumer price index (CPI) reading, we can rest assured that the bull market is likely to be postponed." could be trying to "quietly" ban bitcoin and crypto](https://www.forbes.com/sites/billybambrough/2023/02/09/us-accused-of-trying-to-quietly-ban-bitcoin-ethereum-and-crypto/). "Bitcoin is breaking out from a long basing formation. [BNB](https://www.forbes.com/digital-assets/assets/binance-coin-bnb/) [XRP](https://www.forbes.com/digital-assets/assets/xrp-xrp/) [putting the industry in regulatory crosshairs](https://www.forbes.com/sites/billybambrough/2023/02/14/war-is-just-getting-started-1-trillion-crypto-crash-sparks-serious-bitcoin-and-ethereum-price-warning/). [BTC](https://www.forbes.com/digital-assets/assets/bitcoin-btc/) [flying in the face of fears the U.S.

Bitcoin touched a six-month high on Thursday, swept higher with equities and other relatively risky assets as investors gained confidence in the economic ...

The market cap of Bitcoin, the world's largest cryptocurrency, was around $474.20 billion, with a dominance of about 42.61%, an increase of 1.07% over the ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). "The MACD Level (12, 26), another important indicator of the market sentiment, is at 519.38, indicating a “Buy”. The Relative Strength Index (14), one of the key indicators, sits at 69.79, with a neutral outlook. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. The Stochastic (14, 3, 3) and the Average Directional Index (14) are at 73.43 and 36.57, respectively, further signalling a neutral market, similar to its behaviour as the previous day," Rajagopal Menon, Vice President at WazirX said. [Explore Now] [cryptocurrency](/markets/cryptocurrency)market was trading higher on Thursday, with Bitcoin (BTC) rallying over 11% to $24,582, whereas Ethereum (ETH) was above the $1,650 level. SAP has launched a new enterprise on the Metaverse with the aim of accelerating cloud adoption among Indian firms. "Bitcoin hovered above the $24,000 level after trading lower for several days. Other top crypto tokens were also trading higher on Thursday. Solana, Cardano, Shiba Inu and BNB were also trading with gains. The global cryptocurrency market cap was trading higher around $1.11 trillion, rising 7.98% in the last 24 hours. Compared to its low point a month ago, BTC has increased by 61%.

Bitcoin rally to nearly $25,000 this week caps a two-month climb for the cryptocurrency, as the preeminent coin shrugs off a string of bad news for the ...

[according](https://www.coingecko.com/en/global-charts) to CoinGecko, [surpassing](https://www.forbes.com/sites/dereksaul/2023/01/16/crypto-market-crosses-1-trillion-for-first-time-in-months-as-bitcoin-recovers-from-ftx-driven-crash/?sh=6b333f4c1131) the $1 trillion mark in January for the first time in two months. The Tesla CEO wore a Shiba Inu T-shirt at the Super Bowl, joked he talked about dogecoin with fellow billionaire Rupert Murdoch and [tweeted](https://twitter.com/elonmusk/status/1625695877326340102/photo/1) a meme of a Shiba Inu who succeeded him as Twitter CEO on Tuesday. [ told](https://www.cnbc.com/2023/02/16/bitcoin-btc-price-surges-as-crypto-market-gains-84-billion-in-value.html) CNBC. Dogecoin and Shiba Inu are up 30% and 4% since late Sunday, respectively, and the canine coins are the 10th and 15th largest digital assets by market cap, according to Forbes’ [tracker](https://www.forbes.com/digital-assets/traded-assets/?sh=563f5e37282f). [Gary Gensler’s Crypto Crusade Gets A Major Assist From The NYDFS](https://www.forbes.com/sites/stevenehrlich/2023/02/13/gary-genslers-crypto-crusade-gets-a-major-assist-from-the-nydfs/?sh=468258e94e3c) (Forbes) The aggregate market capitalization of all crypto tokens is $1.2 trillion,

A surge in cryptocurrency prices has wiped out almost $200 million in bearish positions as Bitcoin's roaring rally picks up speed again.

Bitcoin is now up almost 50% in 2023—though still a far cry from its late-2021 high near $69,000. The price of Bitcoin has risen 11% over the past 24 hours to more than $24,600, having popped above $24,800 in earlier trading. ](https://www.barrons.com/market-data/cryptocurrencies/btcusd?iso=coindesk)

Bitcoin moved significantly higher on Feb. 16, as the world's largest cryptocurrency hit its strongest point since last August.

[ETH](https://markets.bitcoin.com/crypto/ETH)/USD hit a high of $1,700.85 earlier in the day, which comes less than 24 hours after trading at a bottom of $1,572.99. [Bitcoin.com](https://bitcoin.com) does not provide investment, tax, legal, or accounting advice. Prices neared the $25,000 mark earlier in the day, following a breakout of a key resistance level. Disclaimer: This article is for informational purposes only. [BTC](https://markets.bitcoin.com/crypto/BTC), ethereum ( [ETH](https://markets.bitcoin.com/crypto/ETH)) also made considerable gains today, with prices rising to as high as $1,700. 16, as the world’s largest cryptocurrency hit its strongest point since last August.

The cryptocurrency hit an eight-month high as investors eagerly jump back into risky digital assets, while regulators and lawmakers consider stricter rules ...

[Another explanation](https://seekingalpha.com/article/4577852-bitcoin-and-tax-loss-harvesting-rally) is tax-loss harvesting, in which investors sell at a loss at the end of the year to reduce their tax hit, and then add to their holdings again when the calendar flips. And then there is the shadow of the spectacular implosion of FTX, which left investigators on a global hunt to recover billions in missing assets. [Some say](https://www.bloomberg.com/news/articles/2023-02-16/bitcoin-jumps-toward-25-000-as-crypto-looks-past-us-regulatory-crackdown) that it’s a so-called short squeeze, in which those who have bet against Bitcoin have to cover their positions by buying more. “It’s time now to consider how to protect consumers from unregulated digital assets, and ultimately, who we want our financial system to serve,” said Senator Sherrod Brown, Democrat of Ohio and the committee chairman. The proposal follows a series of recent moves by regulators to give investors added protections in a market notorious for wild price swings. [the DealBook newsletter reports](https://www.nytimes.com/2023/02/16/business/dealbook/microsoft-chatgpt-revenge-chatbots.html), and their optimism comes as signs of a regulatory crackdown grow in the aftermath of the collapse of the crypto exchange FTX in November.

A rally in Bitcoin took the token above $25000 for the first time since August amid broad gains in crypto markets as investors shook off concerns about a US ...

Bitcoin is on a roll as it blasts past the $24000 mark, and investors are wondering whether a new bull market is starting...

With the current candles closing above this level, there is a higher possibility of a bullish trend continuation in BTC. Profit-taking following this week's significant gains has led to a decline in the US dollar against a basket of currencies. Notably, it retains its position at the top of CoinMarketCap, boasting a live market capitalization of $443 billion. The US Department of Labor released an update on Thursday indicating that there were 194,000 new claims for unemployment benefits in the week ending February 11th. This is thanks to the implementation of the non-fungible tokens (NFTs) protocol Ordinals, which was introduced by software engineer Casey Rodarmor in January 2023. After Bitcoin hit an all-time high in December 2017, it suffered a major crash and has been struggling to regain its previous heights ever since.

The largest cryptocurrency by market capitalization continued its momentum from Wednesday.

CoinDesk is an independent operating subsidiary of [Digital Currency Group](https://dcg.co/), which invests in [cryptocurrencies](https://dcg.co/#digital-assets-portfolio) and blockchain [startups](https://dcg.co/portfolio/). [ Consensus 2023](https://consensus.coindesk.com/), CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. [strict set of editorial policies](/ethics/). In written comments to CoinDesk, Mark Connors, head of research for Canadian crypto asset manager 3iQ, noted that BTC is decoupling from equities. Equity markets were more widely ticking down, with the Nasdaq and S&P 500 each off about a half percentage point. The largest cryptocurrency by market cap was recently trading at about $24,920, up more than 9% over the past 24 hours.

Bitcoin (BTC) has surged over $25000, reaching a new milestone for 2023, despite increasing macroeconomic uncertainty and regulatory crackdowns in the ...

[increasing over 14 consecutive days](https://cointelegraph.com/news/c-c-c-combo-breaker-bitcoin-ends-ridiculous-14-day-winning-streak) [ from Jan. Federal Reserve will likely impose “considerable danger ahead” for BTC in the second half of 2023. 4-17.](https://cointelegraph.com/news/c-c-c-combo-breaker-bitcoin-ends-ridiculous-14-day-winning-streak)

million in BTC options are set to expire on Feb. 17, but bears could aim to take control by pushing Bitcoin price below $22000.

17 for call (bull) and put (bear) instruments varies, depending on the expiry price. Bitcoin bulls need to push the price above $23,000 on Feb. [BTC](https://cointelegraph.com/bitcoin-price)) price gained 6.3% just two days after reaching $21,370 on Feb. The open interest for the Feb. The 1.12 call-to-put ratio reflects the imbalance between the $355 million call (buy) open interest and the $320 million put (sell) options. The net result is balanced between bears and bulls. The price recovery can be partially explained by the Feb. 9 and ](https://cointelegraph.com/news/expect-the-sec-to-use-its-kraken-playbook-against-staking-protocols) [the crackdown on](https://cointelegraph.com/news/sec-lawsuit-against-paxos-over-busd-baffles-crypto-community) Binance USD ( [BUSD](https://cointelegraph.com/binance-usd-busd-price-index)) stablecoin issuing on Feb. Even if the newsflow remains negative, bulls still can profit from Feb. Below are the four most likely scenarios based on the current price action. While the U.S. The unintended consequence is the heightened government debt cost, creating a bullish environment for scarce assets such as commodities, stock market and cryptocurrencies.

Bullish BTC traders are using excessive leverage, but bears' reluctance to fight back could extend the current Bitcoin price rally. 1096 Total views.

One thing is for sure, the lack of bearish sentiment is present in futures and options markets. [Binance exchange is preparing to face penalties and settle](https://cointelegraph.com/news/binance-readies-checkbook-for-potential-fines-from-us-regulators-report) eventual outstanding regulatory and law-enforcement investigations in the U.S., according to a Feb. One might argue that the demand for borrowing stablecoins for bullish positioning is excessive as a stablecoin/BTC margin lending ratio above 30 is unusual. The 25% delta skew is a telling sign whenever arbitrage desks and market makers are overcharging for upside or downside protection. 16 and typically, one would expect excessive bullishness causing the skew to move below negative 10. On the other hand, Bitcoin borrowers can only bet against (short) the cryptocurrency. 15, signaling that professional traders added leverage long positions as Bitcoin price broke above the $23,500 resistance. The analysis showed that three notable USD Coin (USD) wallets sent out funds to various exchanges around the same time. For example, one can increase exposure by borrowing stablecoins to buy (long) Bitcoin. According to Lookonchain's data, nearly $1.6 billion in funds have flowed into the crypto market between Feb. Curiously, the movement happened while gold reached a 40-day low at $1,826, indicating some potential shift in investors' risk assessment for cryptocurrencies. 15, marking the highest daily close in more than six months.

The early lump sum payment they picked is set to be paid out in September. The option to wait until all Mt. Gox litigations settle could net higher payouts ...

CoinDesk is an independent operating subsidiary of [Digital Currency Group](https://dcg.co/), which invests in [cryptocurrencies](https://dcg.co/#digital-assets-portfolio) and blockchain [startups](https://dcg.co/portfolio/). [ Consensus 2023](https://consensus.coindesk.com/), CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Had these two creditors opted to take the payout in fiat, the trustee overseeing the bankruptcy estate would likely have been compelled to sell off a significant portion of Mt. Creditors have waited nearly a decade to get a portion of their money back after Mt. The payouts will come in as part of the early lump sum option offered to creditors, now expected on Sept. [strict set of editorial policies](/ethics/). The move by Bitcoinica and MGIF removes a significant portion of the total claim from any future battle. After the hack, Mt. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of [stock appreciation rights](https://www.investopedia.com/terms/s/sar.asp), which vest over a multi-year period. The two biggest creditors of Mt. Defunct New Zealand-based crypto exchange Bitcoinica and MtGox Investment Funds (MGIF) – which together represent about a fifth of all Mt. Gox bankruptcy recoveries could drive down the price of bitcoin.

Developers with power to change the cryptocurrency's software hold an unorthodox role, are elusive—and have been known to head off disaster for the coin.

Mr. In August he announced in the chat room that he would stop working as a maintainer altogether. Falke declared that the next person to say something in the chat would be the replacement. “It’s fine to have this small group of trusted people at the heart of the project,” said Michael Folkson, a bitcoin advocate who helps review the code. Corallo sent an encrypted Signal message to the head of a major bitcoin-mining coalition. Longtime bitcoin developer Matt Corallo identified a so-called inflation bug in Bitcoin Core that, if exploited, would have allowed attackers to spend the same bitcoin more than once. In weighing applications, the board tries to gauge a developer’s overall value to bitcoin, said Mr. He also set up a legal-defense fund in early 2022 to help developers fend off potential litigation, such as a suit in the U.K. The location listed in his Twitter profile is Malmö, a city in southern Sweden. Brink, a nonprofit that takes donations and turns them into grants for three Bitcoin Core maintainers and several other developers, has seen a 50% to 60% drop in fundraising over the past year, said Brink Executive Director Mike Schmidt. Developers say that Bitcoin Core’s ubiquity is in tension with the cryptocurrency’s goal of remaining decentralized, or free of control by any organization or government. “It can be very scary,” Mr.

The past few weeks in crypto land have been focused on the latest craze: Ordinals. What are Ordinals, you might ask? They're NFT-like Bitcoin digital artifacts ...