• NUCypher and KEEP Network merged to create the Threshold Network, a decentralized organization that addresses blockchain privacy and security concerns.
• The T token has been rising since the start of 2023 and is now the biggest gainer in the top 100 crypto list of CoinMarketCap today.
• Coinbase announced support for the Threshold token, and the dev team is focused on developing its tBTC project, a way for Bitcoin holders to use their coins on Ethereum-based DeFi.

The Threshold Network is a decentralized organization that was created in early 2023 by the merger of NUCypher and KEEP Network. This organization is focused on addressing the various privacy and security concerns that are present in the blockchain space. Since its launch, the network has been steadily gaining traction and is now being supported by Coinbase, one of the largest centralized exchanges.

The network’s utility and governance token, T, has been on the rise since the start of the year. The coin has seen a 146% increase in the weekly, making it the biggest gainer in the top 100 crypto list of CoinMarketCap today. This rise has been attributed to the increased buzz around the network and the announcement by Coinbase of their support for the Threshold token.

The team behind Threshold is also focused on developing its tBTC project, a way for Bitcoin holders to use their coins on Ethereum-based DeFi. This project is seen as a way to bridge the gap between the two major cryptocurrencies and is a response to the recent developments in the bridging space.

The Threshold Network is seen as a promising project with the potential to revolutionize the blockchain space. With its utility and governance token, T, continuing to rise and the network being supported by Coinbase, the future of the project looks very promising. The team is also continuing to work on their tBTC project, which is seen as a way to bridge the gap between Bitcoin and Ethereum. With these developments, the Threshold Network is set to continue its rise in the crypto space.

• Despite the news of Genesis, one of the largest crypto lenders in the world, filing for bankruptcy, bitcoin has not moved as expected and has remained unfazed.
• This news was likely already priced into the digital asset and suggests that the current price of bitcoin is where it is supposed to be.
• This means that a deep pullback from a market correction becomes even more unlikely, putting the cryptocurrency in a position for more upside rather than decline.

The news of Genesis, one of the largest crypto lenders in the world, filing for bankruptcy, has been a cause of dread for many in the crypto space. It seemed like this news would finally be the catalyst that would trigger a deep pullback from a market correction and send bitcoin’s price lower. However, the digital asset has not moved as expected and has remained unfazed by the news.

This lack of negative movement from bitcoin in response to the news of Genesis filing for bankruptcy could cement the digital asset’s path to the upside in the coming weeks. Despite the news, the price of bitcoin has not reacted negatively. In fact, it has barely responded to the news at all and continues to trade around the $20,900 level. This suggests that the news of the Genesis bankruptcy was already priced into the price of the asset and that participants in the space had already digested the bias and fear that such news would carry.

This further suggests that the current price of bitcoin is where it is supposed to be. This means that to trigger another downtrend for BTC, it would have to be a true market-disrupting event. With this news, a fall below $20,000 could be farther away than the bears would like, putting the cryptocurrency in a position for more upside rather than decline.

The lack of negative movement from bitcoin in response to the news of Genesis filing for bankruptcy could be a sign that the digital asset is continuing its bullish trajectory in the coming weeks. This could give investors and traders more confidence in the digital asset’s ability to withstand negative news and potentially add to their long positions on the asset. This could be the start of a new era for bitcoin as it continues to solidify its place in the financial markets.

• The price of XRP has risen by approximately 10% in the past seven days.
• There has been an increase in active addresses of XRP, with a growth of over 107K active addresses within the past seven days.
• XRP whales have been engaging in massive transactions, moving around 193 million XRP worth almost $70 million cumulatively in the past 24 hours.

The crypto market has been facing stiff headwinds for some time now, with the crypto winter still taking its toll on many cryptocurrencies. However, the new year has brought with it a small glimmer of hope, with several tokens starting to reclaim their value, and XRP is one of them.

In the last 7 days, XRP has seen an impressive 10% increase in its value. This surge in price is due to the increase in active addresses of XRP, which has grown from 41K on January 8th to over 148K as of January 12th, indicating a 200% increase in less than a week. Further evidence of XRP’s resurgence is the large number of transactions involving XRP whales. According to WhaleAlert, a crypto data provider, XRP whales have moved around 193 million XRP worth almost $70 million in the past 24 hours.

This surge in activity is a good sign for XRP investors, as it indicates that the token is gaining traction and could potentially continue to rise in value. Although XRP has yet to reach its previous highs, the recent surge in price and activity show that it is on a path to recovery and could potentially break out of the crypto winter. It remains to be seen how XRP will fare in the future, but for now, the signs seem to be pointing in a positive direction.

• Bitcoin price extended its increase and surged above $18,000.
• BTC is gaining pace and might rise towards the $19,000 resistance zone.
• A high was formed near $18,367 and the price is now consolidating gains.

Bitcoin, the world’s leading cryptocurrency, is on an impressive uptrend, having surged past the $18,000 price mark and looking to climb further up. The price has seen a steady rise over the last few days and is currently trading above the $18,000 level.

The recent surge in Bitcoin price was triggered by news that PayPal would be allowing its customers to buy, sell, and hold Bitcoin, as well as other cryptocurrencies, on its platform. This news has given investors a great deal of confidence in the future of the crypto market and has opened the door to further adoption by mainstream organizations.

The recent surge in Bitcoin price has been further bolstered by the emergence of a key bullish trend line forming with support near the $17,400 mark on the hourly chart of the BTC/USD pair. This trend line has held up well as the price continues to surge higher, and is a positive signal for the future of the market.

At the time of writing, Bitcoin is trading above the $18,000 level and is looking to push past the $19,000 resistance level. A high was formed near the $18,367 mark, and the price is now consolidating gains.

On the upside, the immediate resistance is near the $18,350 level. If the bulls can push the price past this level, the next major resistance is likely to be the $18,500 zone. If the bulls can make a break past this level, they will likely target the $19,200 level.

Overall, Bitcoin is in a bullish trend and investors are optimistic about the future of the market. If the bulls can continue to push the price higher, we could see a significant surge in the coming weeks.

• Managing partner and head of research at Fundstrat Global Advisors, Thomas Lee, recently discussed why the VIX – a real-time volatility index from the Chicago Board Options Exchange (CBOE) – could become an important indicator for equity markets and possibly Bitcoin in the coming months.
• Lee expects a 20% rally for the S&P 500 this year due to inflation falling faster than the Fed forecasted, which will have a decisive impact on the VIX, causing it to decline in value.
• According to the Fundstrat analyst, if the core CPI is again below consensus on Thursday, that means the original Fed forecast of 4.8% for PCE is 60 basis points too high.

Thomas Lee, managing partner and head of research at Fundstrat Global Advisors, recently spoke about the potential of the VIX – a real-time volatility index from the Chicago Board Options Exchange (CBOE) – in relation to equity markets and possibly Bitcoin. The VIX was created to provide an indication of the market expectations of volatility for the S&P 500, and its values can be used to anticipate future movements.

Lee believes that the VIX will be an important indicator for the equity markets in the coming months. The rule of thumb is that if the VIX increases, the S&P 500 is likely to decrease, and if the VIX value decreases, the S&P 500 is likely to remain stable or increase. Lee believes that due to inflation falling faster than the Fed forecasted, the VIX will decline in value, leading to a 20% rally for the S&P 500 this year. He states that since the 1950s, following a negative year, if the VIX is lower on average than the prior year, the S&P 500 is up an average of 22%.

Lee believes that the data to be released on Thursday could be an important factor in determining the VIX. If the core CPI is again below consensus, that means the original Fed forecast of 4.8% for PCE is too high. This could help to further reduce the VIX, leading to an increase in the S&P 500.

In conclusion, the VIX could be an important indicator for the equity markets and possibly Bitcoin in the coming months. Lee expects a 20% rally for the S&P 500 this year due to inflation falling faster than the Fed forecasted, which will have a decisive impact on the VIX, causing it to decline in value. Additionally, the data to be released on Thursday could be an important factor in determining the VIX, with a lower than expected core CPI indicating that the original Fed forecast of 4.8% for PCE is too high.

• Bitcoin price extended its rise and traded towards $17,400.
• There is a key bullish trend line forming with support near $16,880 on the hourly chart of the BTC/USD pair.
• Bitcoin is correcting gains, but it remains well supported near the $17,000 zone.

The Bitcoin market has been on a tear in recent weeks, with the price of the world’s most popular digital currency crossing the $17,000 mark. The surge in the price of Bitcoin has been attributed to increased institutional and retail investor interest, as well as increased demand from institutional investors. Bitcoin has been experiencing a significant amount of volatility in the past few weeks, with the price rising as high as $17,400 in a single day before correcting slightly.

The price of Bitcoin is currently trading above the $17,000 level, with strong support near the $17,000 zone. This is due to a key bullish trend line that is forming with support near $16,880 on the hourly chart of the BTC/USD pair. The pair could continue to rise if it remains above the $17,000 support and the trend line.

In addition to the strong technical support, there is also increasing demand from institutional investors, as well as increasing retail investor interest. This is evidenced by the growing number of applications for Bitcoin exchange-traded funds (ETFs) in the United States and Europe. There are also reports of increased participation from institutional investors in Bitcoin futures markets, as well as increased trading volumes on cryptocurrency exchanges.

Although the price of Bitcoin is currently correcting its gains, the overall outlook remains bullish. This is due to the increasing institutional and retail investor interest, as well as the strong technical support near the $17,000 zone. If Bitcoin is able to stay above this support level and the trend line, it could extend its gains and move towards the $18,000 level.

– Cardano (ADA) has seen some pretty tragic price action in the last couple of months, dragging its price down towards two-year lows.
– Toward the end of 2022, large ADA investors began selling off their tokens, resulting in more selling pressure on the digital asset.
– However, in the first five days of 2023, these large investors have already added more than 217 million ADA to their stash, bringing the percentage of supply that they now hold back up to the 57.22% level.

The crypto market has been experiencing a period of stagnation and lack of momentum, with most digital assets barely moving. One of the digital assets that has been affected by this lack of momentum is Cardano (ADA). The digital asset has been experiencing some pretty tragic price action in the last couple of months, causing its price to fall to two-year lows.

Toward the end of 2022, large ADA investors had been selling off their tokens, which resulted in more selling pressure on the digital asset, dragging its price down below $0.25. According to Santiment, this saw the total holdings of investors holding between 1 million and 100 million ADA on their balances drop drastically just as 2022 drew to a close.

However, as the new year begins, these large investors have already started to buy back the tokens they had sold off. In the first five days of 2023, these large investors have already added more than 217 million ADA to their stash. This has caused the percentage of supply that they now hold to go back up to the 57.22% level.

The accumulation of ADA by these large investors could be a sign of an upcoming bullish momentum for the digital asset. If these investors continue to buy up the tokens, it could lead to an increase in price for the digital asset. This could be a cause for optimism among ADA investors and could result in some much-needed positive price action for the digital asset.

However, it is still too early to tell if this accumulation of tokens will result in any significant price increase for ADA. Until we see a sustained increase in price, it’s best to remain cautiously optimistic.

• On-chain data shows that Bitcoin exchange depositing transactions are now at a 4-year low, indicating that the bottom may be here.
• This metric measures the total number of Bitcoin transfers that are headed toward centralized exchanges.
• Low values in the exchange depositing transactions imply that not many investors are applying selling pressure right now.

The amount of Bitcoin transfers heading toward centralized exchanges is at a 4-year low, possibly indicating that the bottom may be here for the leading cryptocurrency. This metric, which is known as the “exchange depositing transactions”, is an indicator that measures the total number of Bitcoin transfers that are headed toward centralized exchanges.

An analyst in a CryptoQuant post pointed out that the metric’s current levels are the same as in the first quarter of 2019. This metric differs from the more popular exchange inflow, which tells us the total amount of BTC being deposited to exchanges. The exchange inflow is the combined sum of the value of each transaction going to exchanges, and it can be inflated by a few whales. Therefore, it is not representative of the entire market, especially the retail investors.

By focusing on the pure number of individual transfers taking place rather than their amounts, the “exchange depositing transactions” metric could give a better indication of whether the average investor is sending coins to exchanges or not at the moment. Since one of the main reasons holders deposit to exchanges is for selling purposes, a high value of this indicator can have a bearish effect on the price of the crypto. On the other hand, low values imply that not many investors are applying selling pressure right now.

The 30-day moving average (MA) Bitcoin exchange deposit metric has seen a decrease in recent days. This is a sign that the market is not under pressure from large-scale selling activity. Furthermore, this could mean that the bottom is near, as investors are not feeling the need to sell off their coins.

Overall, the low values in the Bitcoin exchange depositing transactions signify that not many investors are looking to sell off their holdings right now. This could mean that the market is close to the bottom, and that bullish activity may be on the horizon. Only time will tell for sure, but the current data is certainly encouraging for those looking for a Bitcoin recovery.

• BONK, the meme coin on the Solana ecosystem, experienced a massive surge in the last two weeks, reaching an all-time high of $0.0000049.
• However, the hype has cooled off and BONK has begun the dreaded downward correction, losing more than 50% of its value in the last 24 hours.
• This drawdown in price has also seen the price surge recorded in Solana over the last week slow down significantly.

In the last few weeks, the meme coin BONK, based on the Solana ecosystem, has been all the craze, rising from obscurity to the largest meme coin on the Solana ecosystem in less than two weeks and recording massive gains for investors. Reaching an all-time high price of $0.0000049 on Thursday when the hype was at its peak, this was after recording a more than 4,000% return rate in a 10-day period and reaching a market cap of over $200 million.

However, the hype seems to have reached its peak and BONK has begun the dreaded downward correction. In the last day, the price of BONK has rapidly declined, losing more than 50% of its value during this time and dropping to $0.000002. As is the case with meme coins, holding on to such gains becomes impossible with no real utility and eventually, the sell-offs dragged its price back down. Being a digital currency driven by purely social sentiment, this was expected to happen, just like it did with predecessors such as Dogecoin and Shiba Inu.

This drawdown in price has also seen the price surge recorded in Solana over the last week slow down significantly. However, while BONK is seeing over 53% losses in the past day, SOL recorded small gains of 0.17%. With a downturn such as this, BONK could be seeing the start of the end just like Shiba Inu had done in October 2021. As such, it could be wise to get out of the crypto meme coin before it falls further and investors experience greater losses.

BONK’s quick rise and fall show the unpredictability of the cryptocurrency market and the need for investors to be careful about their investments. It is important to do due diligence and research before investing in any crypto asset and to understand the risks associated with the asset. For those who do choose to invest in BONK, they should keep a close eye on the market and be prepared to exit if the price continues to fall.

• On-chain data shows that Bitcoin exchange depositing transactions are now at a 4-year low, indicating that the bottom may be here.
• The metric measuring the total number of Bitcoin transfers headed toward centralized exchanges is the same as in Q1 2019.
• Low values imply not many investors are applying selling pressure right now, which could have positive implications for the price of the crypto.

On-chain data has been showing that Bitcoin exchange depositing transactions are now at a 4-year low, indicating that the bottom may be here. An analyst from CryptoQuant pointed out that the metric’s current levels are the same as in Q1 2019. This metric measures the total number of Bitcoin transfers headed toward centralized exchanges, which could give a more accurate representation of whether the average investor is sending coins to exchanges or not.

The „exchange depositing transactions“ indicator is different than the more popular exchange inflow, which measures the total amount of BTC being deposited to exchanges, that is, the combined sum of the value of each transaction going to exchanges. This value can be inflated by a few whales and are thus not representative of the trend being followed by the entire market, especially the retail investors.

Since one of the main reasons holders deposit to exchanges is for selling purposes, a high value of this indicator can have bearish implications for the price of the crypto. On the other hand, low values imply not many investors are applying selling pressure right now, which could have positive implications for the price of the crypto. The 30-day moving average (MA) Bitcoin exchange deposit transactions have been declining, suggesting that the market is not under heavy selling pressure from investors.

The data shows that the bottom may be here, as the number of Bitcoin exchange depositing transactions is currently at the same level as it was in Q1 2019. This could be a sign that the market is due for a rebound, as investors may be more likely to buy and hold instead of selling. While this isn’t a guarantee of a price increase, it does indicate that the market is not under heavy selling pressure.

Crypto investors should keep a close eye on the metrics measuring the total number of Bitcoin transfers headed toward centralized exchanges, as this could give a more accurate representation of the market sentiment. If this metric continues to stay low, it could point to a possible market rebound in the near future.