Les dernières news crypto, blockchain et DeFi
It is the price action in the markets that has attracted attention in the past week.Unlike most events in 2022 however, it’s lucky for the right reasons! The cryptocurrency market had a promising start to the year, reaching the $1 trillion market cap for the first time since November of last year.We are currently moving on one side or the other of this important level.
The price of Bitcoin has stabilized above $21,000 in recent days, allowing the currency to return to its previous level before the bankruptcy announcement of the FTX exchange.It took a little over two months to put the problem behind us, especially on the bitcoin side.About $500 million in short positions have been removed since Friday, marking the highest level since October 2022.This latest price movement also comes as the bitcoin mining problem has increased by more than 10% to reach a new record of 37.59 T, against the last 34.09 T.
Sunday.
Remember that the mining problem tests the difficulty of solving the cryptographic puzzle needed to create a block on the Bitcoin network.The difficulty is updated every two weeks, and the next change is scheduled for January 28.An increase in the mining difficulty is often seen as a sign of the strength and growth of the network, which reflects new confidence in the market as a whole.However, this comes at the cost of miners who have to spend more to generate the same amount of money as before.
The current price zone also has an important meaning in the mind of online players.According to data from Glassnode, the current cost of producing one bitcoin is about $18,800.Considering that bitcoin is currently trading above $20,000, this means that almost all mining companies can operate profitably.This increase also allows more than 50% of bitcoins to be exploited.
“Many of these factors tend to act as countervailing factors in bear markets, which makes this event understandable,” Glassnode researchers wrote.
The rally – which started last week and ran through the weekend – could be due to signs of cooling in US inflation.With a price tag of over $19,000, Glassnode calculates that miners can now earn more mining money than is needed to run their power-hungry machines.
Also, the owner has bought BTC at a low price, meaning he can sell it at a profit.
The cryptocurrency conglomerate Digital Currency Group, including the owner of Genesis and Grayscale Bitcoin Trust, informed shareholders that the company is suspending payments until further notice.“Based on the current market situation, DCG is determined to strengthen our investment by reducing operating costs and saving money.Therefore, we have made a decision to suspend the distribution of all three shares of DCG until further notice,” DCG said in a letter to shareholders sent on Tuesday.Apart from this decision, there has been no known progress regarding Genesis’ financial problems.
On the part of FTX, it has been revealed, according to the presentation that took place on Tuesday before the FTX lending committee, that a large part of $ 181 million in assets owned by FTX US, the American branch of the crypto company is in default.it was a case of “unlawful transfers made by third parties” after bankruptcy.
Illegal transfers made on the main platform FTX.com grabbed headlines as hundreds of millions of dollars were moved on the day the company filed for bankruptcy protection as required by law.Chapter 11 on 11 November.However, the $90 million transferred from FTX US was not disclosed by the company until now.
According to FTX’s statement, $88 million of the remaining assets of FTX US have been transferred to a cold wallet, and another $3 million is waiting to be transferred to the same wallet.The following infographic was shared:
Coinbase has confirmed that it will suspend its operations in Japan within the next few weeks, citing the ongoing crisis in the market.“Because of the market, our company has made the difficult decision to suspend operations in Japan and re-evaluate the progress of our operations in the country,” said the San Francisco-based company.“However, we are committed to making this transition as easy as possible for our valued customers.” Note that the Kraken exchange also announced the same.
For its part, Binance is instead trying to re-enter the market, the company left in 2018.
After a heated community debate, Polygon decided to move forward with its own hard fork.The latter was installed without any technical problems yesterday.
It aims to increase the speed of trading and reduce the jump in trading prices that occurs during periods of chaos.
Wallets with Ether are thriving by crossing the 100,000,000 mark.On Monday, this limit crossed 92.5M for the first time.
Since 2019, this number has increased to about 20 million per year.If this trend continues, it is possible that zero ETH wallets will reach 100 million by Q2 2023.
More than 16 million ethers have been invested in the contract stakingon Ethereum.This figure of 16 million ETH makes up more than 13.28% of all Ether and represents about $22.38 billion at current prices.
It comes almost two years since the Ethereum staking agreement came into existence in 2020.
It will not be possible to withdraw the 22.38 billion dollars of ETH invested in the agreement until the major reform of Ethereum.‘Ethereum.Although the increased number of ETH promised can be interpreted as a reliable sign of Ethereum’s security and implementation, it may increase the pressure on network developers to speed up operations in order to be able to withdraw.
The rise in the price of bitcoin has been accompanied by a significant growth in sales.Over the past week, the volume of BTC has doubled to $10.8 billion, an increase of 114% in seven days.The amount of volume is usually related to the amount of volatility.However, this has not been the case so far.
On-chain analytics are also showing positive signs that bitcoin’s recovery is underway.When the market is able to absorb the pressure of sales without falling in price, it reduces the fear of the market and changes in the economy.
Finally, note that the 30-day correlation between bitcoin and Nasdaq reached 0.29 on January 17, the biggest difference between BTC and the stock index since December 2021.
Equity markets may continue to fluctuate due to high inflation, but the difference is bitcoin.from the stock market can help BTC become the future that many predict for it, one of the safe places and not just a dangerous economy.
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