BitDigest January 19 · Issue #823
- Bitcoin dominance drops to 65% as ethereum test new highs
- Venezuelan President announces 2021 to be ‘Year of the Petro’
- AliPay has completed a pilot test of China’s digital currency on its payment app,
Crypto Fear and Greed Index
It has been a couple weeks since I last reported on the Fear & Greed Index, but the sentiment gauge for bitcoin and other large cryptocurrencies has fallen in the low 80’s following bitcoin’s 16% drop in price after BTC hit new all-time-highs breaking $40,000. The index still remains in an ‘extreme greed’ range as investors continue to view digital assets as a long trade.
The Headlines
2021 to be Year of the Petro
Ecuadorian Presidential Candidate Looking to Impose National Digital Currency
Iran Seizes 45,000 Additional Crypto Mining Rigs
China Tests DCEP on AliPay
HIVE Blockchain Increasing Hash Rate to 1.2 EH/s
Whatsminer Plans to Launch NASDAQ IPO
NVDA Open to Reentering Crypto Mining Manufacturing Market
CoinShares Listing Bitcoin ETP on SIX
CoinLab Reaches Deal on Mt. Gox Claims
Nifty Gateway Issuing Commemorative OG Esports NFTs
Market Data
🐦 IMF Survey Finds CBDCs are Not 'Really Money'
Exchange, Custody and Product News
Bitstamp Will Track Off-Exchange Addresses in the Netherlands
Kraken to Halt XRP Trading for US Residents
Thoughts on the Ecosystem
Harper Says CBDCs are 'Inevitable' and Bitcoin Could Replace USD as Global Reserve Currency
Bitcoin's Fixed Supply Threat to "Needs of a Growing Economy'
Crypto Could Fall to Zero and Disappear Like Myspace
Bitcoin Could Add $2 Billion in Revenue to PayPal's Top Line by 2023
'Long Bitcoin' Most Crowded Trade
Reports you may have missed
The crypto market is pulling back from its recent surge, with $BTC falling below $65,000, $ETH trading under $3,200, and $SOL fighting to stay above $150. As expected, altcoins are also generally declining, although a few notable performers are scattered across the market. Currently, $BONK and $WIF, two prominent memecoins on Solana, are showing resilience, up 12% and 6%, respectively. Additionally, $HBAR initially doubled in price following reports that Blackrock...
Blockchain Association Sues the SEC, Cosmos Patches Potential Reentrancy Vulnerability
U.S. Treasury rates and the DXY (-0.46%) are sliding today following weaker-than-expected S&P Flash PMI data, helping catalyze a 1% rally in equity indices. Manufacturing PMI came in at 49.9 vs. 52.0 expected, and Services PMI read 50.9 vs. 52.0 expected. Bitcoin miners have benefited as rates retreat and transaction revenue remains elevated, with $RIOT, CLSK, and $MARA showing weekly gains of 26%, 16%, and 14%, respectively. Crypto assets are mixed with BTC-3.41% ...
After significantly outperforming equities leading up to its halving event on Friday, BTC-3.41% continued its upward trend over the weekend, now trading just below $66k. ETH-2.49% has generally followed suit, although continuing to lag behind BTC, with its current price around $3200. SOL-5.51% , meanwhile, has continued its strong rebound from the recent price slide, reaching $156 yesterday, currently trading slightly below that level. The crypto market is broadly performing well...
Happy Halving Day to all. It has been another volatile 24 hours for crypto markets, with war-related headlines sending risk assets lower overnight. BTC-3.41% briefly dipped below the $60k mark but has since recouped all its losses and is now trading above $64k. ETH-2.49% followed BTC's initial drop, trading below $2900 last night, but it has now rebounded to above $3000. SOL-5.51% has shown remarkable resilience amid the turmoil, now...
