Crypto billionaire and former CEO of BitMex Arthur Hayes has warned that Bitcoin may lose all of its recent gains if the Federal Reserve does not pivot away from its current monthly rate-hiking monetary policy.
In a January 19 blog post, Hayes talked about inflation and how it could impact the crypto market. The billionaire noted that the CPI figure has continued its downward movement after peaking around 9% in mid-2022, hurtling down towards the 2% target. …
Read More: Crypto Billionaire Arthur Hayes Says Bitcoin May ‘Crash Back Down’ If This Happens – Here’s What You Need to Know

Bitcoin has extended gains over the weekend ahead of celebrations for the Lunar New Year holiday and the Spring Festival throughout Southeast Asia, rallying to its highest level since August….
Read More: This Bitcoin Chinese New Year Trade Has Been A winner for Last 8 Years

Despite the ongoing challenges in the cryptocurrency market, enthusiasts of digital assets are convinced that the future is bright for the sector. Recently, the value of Bitcoin has shown signs of resurgence with a notable hike in its price over the past few weeks, following a difficult start to 2023….
Read More: Here He Goes Again – Bitcoin is ‘Hyped-Up Fraud’ Says JPMorgan’s Jamie Dimon, But Blockchain is ‘Deployable’

A 30-day Exponential Moving Average of the number of Bitcoins that are “in profit” – i.e. were acquired at a time when the BTC price was lower – hit a 2-month high on the 19th of January, according to crypto data and on-chain analytics firm Glassnode.
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Read More: Bitcoin Supply in Profit Metric Hits 4-month High – What This Means for BTC Price

The bitcoin price is up 0.4% at $20,910, recovering somewhat from a $1,000 plunge after a crypto exchange co-founder was arrested on Wednesday, and weak US data pointed to an economic hard landing.
Although there was good news on wholesale inflation in the US yesterday, the shock retail sales figures reminded market participants that a recession is coming, if not already here.
That, combined with weak factory output data, capped off a week that  sees US manufacturing …
Read More: Why the Bitcoin Price Rally is Stalling on Mixed Rates and Growth Outlook, DOJ Action – But Will Climb Again

A shift in new Bitcoin address momentum is sending a signal that the world’s largest cryptocurrency might be in the beginnings of a new bull market, data from crypto analytics firm Glassnode reveals. According to Glassnode, the 30-Day Simple Moving Average (SMA) of New Addresses has now been above the 200-Day SMA since the start of November, despite the collapse of cryptocurrency exchange FTX early that month….
Read More: New Bitcoin Address Momentum Looking Bullish, What This Means For BTC Price