Bitcoin on Track for Best January Performance in a Decade
Bitcoin (BTC) is having its best start to the year since 2013 after jumping 40% this month amid weakness in the U.S. dollar. A Matrixport analyst said that 85% of the rally has been powered predominantly by U.S.-based buyers. "All About Bitcoin" host Christine Lee breaks down "The Chart of The Day."
Messari Analyst on Catalysts For Bitcoin's Recent Rally
Tom Dunleavy, Senior Cryptocurrency Research Analyst at crypto data firm Messari, discusses the potential factors driving bitcoin (BTC) higher as the cryptocurrency rallies in 2023. Plus, the outlook for miners and a closer look at crypto portfolio management.
Date Set for Oral Arguments in Grayscale’s Appeal of SEC’s Bitcoin ETF Decision; Celsius Developments
Bitcoin's (BTC) January price rally has analysts focusing on higher valuations last seen in mid-2022. Separately, a date has been set to begin hearing oral arguments in Grayscale Investment’s appeal of the SEC decision to deny the conversion of GBTC into an ETF. Grayscale and CoinDesk are both owned by DCG. Separately, Celsius Network is planning to reinvent itself as a new, publicly traded "recovery corporation" to exit the bankruptcy process.
Bitcoin Looks Bullish as Miner Sales Hit Three-Year Low
Bitcoin has rallied 30% in two weeks, according to CoinDesk data. This comes as on-chain flows tracked by analysts at cryptocurrency exchange Bitfinex show the amount of bitcoin transferred from miner addresses to wallets owned by exchanges has declined to multi-year lows. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Sees 30% Rally in Last 2 Weeks
Bitcoin (BTC) is holding steady near $23,000 for another day, while ether (ETH) remains above $1,600. Matt Weller, Global Head of Research at Forex.com, discusses his outlook for the largest cryptocurrency by market capitalization.
Brazil and Argentina to Discuss Possible Common Currency, Coinbase CEO Suggests Move to Bitcoin
As officials from Brazil and Argentina are considering the development of a potential common currency, Coinbase CEO Brian Armstrong suggested on Twitter, "if they would consider moving to Bitcoin," adding that would "probably be the right long term bet." "The Hash" hosts discuss the potential currency plan and the prospects of integrating crypto.