Bitcoin up 50% from bear market low outperforming SPY, Gold
Bitcoin up 50% from bear market low outperforming SPY, GoldBitcoin crashes through $23k as the bear market rally continues
Happy Saturday!The global crypto market cap is $1.05 trillion with a 24-hour volume of $71.99 billion. The price of Bitcoin is $23,216.48 and BTC market dominance is 42.5%. The price of Ethereum is $1,655.24 and ETH market dominance is 19.2%. The best performing cryptoasset sector is Yield Farming, which gained 13%.
Latest NewsBitcoin up 50% from bear market low outperforming SPY, GoldBitcoin crashes through $23k as the bear market rally continues Differentiating Bitcoin from the rest of the crypto market: Part 1Bitcoin has an intended use case as a new, global, digital, decentralized, permissionless, non-custodial, and apolitical monetary and financial system that rewards and protects savers much more than the current central banking system. How the top 5 AI tokens, AGIX, FET, OCEAN, RLC, and NMR fared during 2022The AI narrative has grown stronger in recent weeks, but the AI crypto sector is still largely in its infancy. Crypto bank Silvergate reveals $2.5M exposure to GenesisThe company called its exposure "minimal" and said it has no outstanding loans. CryptoSlate Wrapped Daily: Genesis files for bankruptcy; Cardano creator wants CoinDeskGenesis Global Capital has files for chapter 11 bankruptcy. Cardano creator Charles Hoskinson confirms interest in buying CoinDesk. These and other stories in today's CryptoSlate Wrapped Daily. SEC says Mango Markets attacker stole $116M, violated securities lawsAvraham Eisenberg faces permanent injunctions and penalties of an unknown amount. DCG responds to Genesis bankruptcy; Bitcoin jumps 4% as contagion fears lessenOnly the lending arm of Genesis has filed for bankruptcy while DCG still has $526M in debt owed to Genesis by May 2023 Research: Market hedged the shortest amount in over 2 years as Bitcoin rose to $21kThe purchase of roughly $200 million in Bitcoin on spot trading markets was enough to force massive short liquidations due to dwindling volume. Maple Finance records a loss of $7M at end of 2022Maple Finance Q4 report shows it originated about $87 million across 23 new loans, which is down by 67% from its previous record of $262 million. AI avatars launch on Polygon as CharacterGPT brings NPCs to lifeAI NFTs that can be trained to respond like real people are coming to Polygon
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Genesis Trading wallets halted – holding over $280M
Friday, January 20, 2023
Genesis Trading wallets have ceased transactions over the last 12 hours after announcing it is filing for bankruptcy.
Total crypto market cap exceeds $900B – marking 9 week high
Friday, January 20, 2023
Strong capital inflows suggest the appetite for cryptocurrencies has returned, but some remain skeptical.
$700m liquidated as Bitcoin touches $21k amid weekend pump
Friday, January 20, 2023
Short liquidations soar as crypto markets see rare green days during bear market.
Research: Buoyant price action has Bitcoin options traders eyeing $30,000
Friday, January 20, 2023
Bitcoin Options Traders ignore wider macro concerns in the short term, turning further bullish amid the uncertainty.
Silvergate Capital posts $1B loss in Q4’22
Friday, January 20, 2023
Silvergate reported a net loss of $1 billion and a decrease in digital asset customers and customer-related fee income.
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