major coins It traded green on Tuesday night as the global cryptocurrency market climbed to $991 billion as of 8:30 pm EST.
What Happened: Bitcoin Bitcoin/USD It is over $21,000 at the time of writing and is making a 25% profit every week. ethereum Ethereum/USD It was trading above $1,500, up 23% over the past seven days.
meme crypt dogecoin Doge/US Dollar has increased by 1.91% over the last 24 hours.
US stocks Closed deals at various levels as investors digested fourth-quarter earnings reports from banks. goldman sachs. of Dow Jones The Industrial Average (DJIA) was down 1.1% and the S&P 500 was down 0.2%. NASDAQ Composite increased by 0.1%.
cryptocurrency bank silvergate capital reported a fourth-quarter net loss of $1 billion on Tuesday.
Sam Bankman–fried Established FTX Said $415 million in cryptocurrency transferred by hackers From international and US exchanges.
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In a recent note, arcane research rated the cryptocurrency market last week as “extremely strong and vibrant,” but cautioned that “the short-term momentum seems to have gone too far.”
“Bitcoin is on the rise as central banks around the world show signs that they are nearing the end of their respective tightening cycles. As global crypto markets once again eye the $1 trillion level. Investors are slowly returning to crypto, fears of contagion have abated, and the focus of many crypto traders is to ride this breakout.” Edward Moya, Senior Market AnalystAmericas OANDA, Note Benzinga Saw.
Whales amassed a total of $4.4 billion worth of BTC when they started to climb from last month’s $16,000 level to $21,000 today. Bitcoin shark addresses holding between 10 and 100 BTC were the first to start accumulating, adding 105,600 coins worth more than $2.2 billion in just 10 weeks, with $16,000, according to data from on-chain analytics firm Santiment. Stopped his BTC falling.
Pseudonym Crypto Analyst Kaleo A number of late-stage bulls have warned of the danger of becoming bearish again if Bitcoin retests $19,000.