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Bitcoin Short-Term Bounce Faces Resistance at $40K

Extreme oversold readings preceded an uptick in BTC.

Bitcoin daily price chart shows support/resistance, with RSI on bottom (Damanick Dantes/CoinDesk, TradingView)

Markets

Investors Put $14M Into Crypto Funds Last Week as Bitcoin Market Cratered

Inflows into digital-asset funds last week – after five straight weeks of outflows – suggest investors were taking advantage of the price dip.

Cryptocurrency funds brought in $14.4 million of new investor money during the seven days through Jan. 21. (CoinShares)

Markets

Bitcoin Heads for Worst Week in 8 Months as Traders Lament 'Pikachu Pattern'

The price appeared to stabilize around $35,000, but gallows humor filled social-media sites as more than $1.5 billion of tradition positions were liquidated.

Bitcoin's price chart over the past month. (CoinDesk)

Markets

Ethereum Could Hold Lead as Dominant Smart-Contract Blockchain: Coinbase Analysts

The only real “ETH killer” might end up being Ethereum 2.0, according to analysts for the U.S. exchange Coinbase.

Ethereum's lead over competitors might be hard to close. (Elena Rabkina/Unsplash)

Markets

Crypto Trader Tantra to Liquidate After 'GBTC Discount' Widens to Record

The Grayscale Bitcoin Trust (GBTC) has been trading at a steep discount since last February, but a further widening proved too much for one trading firm.

(moonjazz via Flickr)

Markets

Cardano-Based Decentralized Exchange SundaeSwap Off to Rocky Start

Users have complained that they have not received their tokens after swapping Cardano's ADA tokens for SUNDAE.

The SundaeSwap DEX is launching in beta on Cardano later this week. (RitaE/Pixabay)

Markets

Bitcoin Holding Support Above $40K; Faces Resistance at $43K-$45K

Buyers could remain active into the Asia trading day as momentum improves.

El gráfico de precios de cuatro horas de bitcoin muestra el soporte/resistencia y el RSI en la parte inferior (Damanick Dantes/CoinDesk, TradingView)

Markets

Grayscale Bitcoin Trust Discount Hits Record at 26.5%

Analysts don't expect a spot bitcoin ETF conversion anytime soon, and in the meantime, investors in the GBTC fund are getting charged fees.

GBTC discount (Skew)

Markets

Number of 'Active' Blockchain Games Doubled in Past Year to Almost 400

The prices of tokens for gaming projects like Axie Infinity have fallen recently, but user metrics in this subsector of cryptocurrencies are soaring.

(AxieInfinity.com)