Bitcoin’s 2023 rally is stalling after coming tantalisingly close to forming a trading signal last seen when the token was setting records.
Author: Joanna Ossinger
Bitcoin is set for its best January since 2013 on bets that monetary tightening and the crypto-sector crisis are both ebbing.
Bitcoin has bolted out of January’s starting gates with a climb of more than 28%.
This year’s crypto rout has sliced almost 70% off a gauge of the top 100 digital assets.
The collapse of FTX contains lessons for all of crypto, according to ethereum co-founder Vitalik Buterin.
Bitcoin declined after reaching the highest levels since mid-June on Saturday amid optimism that the market may have recovered from its worst levels.
Bitcoin is on track for its worst quarter in more than a decade, but experts believe the bottom may be near for the world’s biggest cryptocurrency.
Bitcoin stayed just above $20 000 on Wednesday, with its inability to gain upward traction fuelling concern among analysts of further declines.
Ether and bitcoin reached their highest levels in 10 days on Sunday as the market showed some signs of stabilisation.
Bitcoin, stuck in a range around $30 000 lately, has some market watchers wondering if it’s vulnerable to further drops.