After Bitcoin (BTC) hit a yearly high of $19,501 on Jan. 13, where is it headed next? Bitcoin is currently witnessing an uptick in bullish momentum after the positively perceived Consumer Price Index (CPI) report was followed by a strong rally across the crypto market. The recent rally in Bitcoin is creating increased volume levels and higher social engagement on whether the price is in a breakout of fakeout mode. Is the Bitcoin bear market over? While the market is still technically in a bear market compared to last week, investor sentiment is improving. According to the Fear and Greed …

Bitcoin (BTC) rose above $19,000 on Jan. 12, the highest level since Nov. 8. Although a bull market may not start in a hurry, Glassnode data suggests that the foundation for a macro bottom in Bitcoin may be in place. The on-chain analytics firm tweeted on Jan. 12 that “13% of the Circulating Supply” returned to profit when Bitcoin rallied to $18,200. This suggests a large phase of accumulation took place in the $16,500 to $18,200 range. Along with Bitcoin, Ether (ETH) is also witnessing signs of accumulation. The number of Ethereum sharks, holding between 100 and 10,000 Ether, has …

Investor sentiment has always been a critical driver in the crypto space. Both positive and negative sentiment influence ongoing trends — be they price movements, product launches or regulations. In 2022, sentiment worldwide suffered as major crypto firms and ecosystems collapsed, further straining investors amid an unforgiving bear market. While many showed resilience as Terraform Labs, Celsius and Voyager, among others, closed down, Sam Bankman-Fried’s alleged misappropriation of FTX customers’ funds drove even the most die-hard crypto investors to question the integrity of those running the show. A series of scams, crashes, bankruptcy filings and court cases have forced investors …

The beginning of 2022 saw both the crypto market cap and the non-fungible token (NFT) market reaching incredibly healthy status. Crypto reached a strong $2.5 trillion in value, and NFTs peaked after 2021’s exponential growth. As in previous crypto bull markets, new projects gained significant attention, which drove aggressive speculative investment; the Terra ecosystem being a prime example. Moreover, both retail and venture capitalists were heavily investing in what was fast becoming an overcrowded space. All this activity was taking place against a backdrop of a wider macroeconomic environment that felt unendingly strong, and with easy access to borrowing at …

Crypto exchange Crypto.com's co-founder and CEO Kris Marszalek announced on Jan. 13 that the firm will need to reduce its global workforce by 20%, citing poor market conditions and "recent industry events." As I shared with the team today, while we continue to perform well, market conditions and recent industry events have made this the right decision for the company at this time. — Kris | Crypto.com (@kris) January 13, 2023 "Today we made the difficult decision to reduce our global workforce by approximately 20%," Kris Marszalek, co-founder and CEO of the crypto exchange said in a statement. "All impacted …

Crypto exchange WonderFi, which is backed by crypto investor and billionaire Kevin O’Leary, has confirmed it is in preliminary discussions with fellow Canadian crypto exchange Coinsquare for a possible merger. In a statement on Jan. 12, WonderFi responded to a Bloomberg report suggesting the two exchanges were in "advanced merger talks" to "create a Canadian crypto giant." WonderFi clarified that the discussions were "preliminary" at this stage, adding that it cannot guarantee that an agreement will be reached. "In response to the press speculation, the Company acknowledges that it has held preliminary discussions with various third parties with respect to …

Tyler Winklevoss, the co-founder of cryptocurrency exchange Gemini, has hit out at the regulator charging the exchange over issuing unregistered securities, calling the allegations "super lame" and a "manufactured parking ticket." In a series of tweets on Jan. 12, Winklevoss shared his disappointment over the earlier charges from the Securities and Exchange Commission (SEC) regarding Gemini's "Earn" program claiming the regulator was "optimizing for political points." He called the SEC's action "totally counterproductive" and said Gemini had been discussing the Earn program with the regulator "for more than 17 months." 2/ As a matter of background, the Earn program was …

The crypto community has voiced their opinions on Sam Bankman-Fried’s latest “pre-mortem overview” of the collapse of FTX, published on Jan. 12 as a letter on substack. https://t.co/XVd0BPHxEU — SBF (@SBF_FTX) January 12, 2023 As previously reported by Cointelegraph, the former FTX CEO Sam Bankman-Fried denied allegations made against him in his lengthy letter, dubbed as a "pre-mortem overview",. In the letter, SBF maintained that FTX US had been "fully solvent" at the time the firm filed for Chapter 11 bankruptcy, with approximately $350 million in cash available. Bankman-Fried further stated that FTX International had a substantial amount of assets, …

Nigerian crypto exchange Roqqu was granted a virtual currency license for the European Economic Area, after two years waiting for the permission from regulatory authorities. The move allows the firm to operate in 30 countries and broaden its services within one of the world's largest crypto markets. Speaking to Cointelegraph, the company said that seeks to attract early traders looking to gain an edge in the crypto space by offering a better experience for newcomers and competitive fees. With the expansion, Roqqu plans to reach over 5 million users in 2023, up from 1.4 million users in Nigeria, the only …

Cryptocurrency broker Genesis Global allegedly owes its creditors more than $3 billion, according to a new report published by the Financial Times on Jan. 12. Its parent, Digital Currency Group (DCG), which also owns Grayscale Investments and its series of digital asset trusts, seeks to sell part of its venture capital holdings to offset the shortfall. According to people familiar with the matter, DCG's venture arm has more than 200 crypto-related projects "such as exchanges, banks, and custodians in at least 35 countries" with a total valuation of around $500 million. Cointelegraph previously reported on Nov.16, 2022, that Genesis Global …

In the fourth episode of Hashing It Out podcast series, Cointelegraph’s Elisha Owusu Akyaw discusses the evolution of decentralized finance (DeFi) with DeFi Dad, a DeFi educator and investor at Fourth Revolution Capital (4RC). DeFi Dad got into the cryptocurrency industry in 2017; however, things really took off for him after the bull market top in early 2018. Despite the downturn that followed, he decided to double down on crypto with a specific focus on decentralized finance. His love for DeFi translated into somewhat of an addiction, which led to the creation of a series of educational videos to onboard …

This year saw the crypto market rocked by numerous crises while the bearish climate was a constant presence. Considering this, many traders have lost confidence in traditional CEX trading and are looking to diversify their strategies. Turning to alternative trading patterns and products is a way to minimize risk and reduce losses. Cointelegraph’s interview with Eightcap contains more about derivatives trading in the crypto space. Q: FTX has become one of the biggest crypto disasters lately. What could have been done to avoid that? The collapse of FTX has taught investors and crypto providers major lessons about security, transparency and …