Bitcoin is currently trading at $42,213 after it dipped massively on the 10th of Jan 2022 from $42,796 to $39,558. This was caused due to what is called "death cross", when the 50 day moving average dips below the 200 day moving average. It has since made a 6.3% recovery.
Top 5 cryptos of the day:
- BTC $42,294 0.83%
- ETH #3,139 -0.605
- SOL $137 -0.33%
- XRP $0.7789 -0.46%
- LUNA $72.67 0.37%
- ATOM $38.96 7.43%
- KAVA $4.69 5.73%
- REP $17.14 3.95%
- IOTA $1.12 3.8%
- MATIC $2.17 10.74%
- NU $0.5907 -7.02%
- CELO $4.42 -6.09%
- LRC $1.49 -6.04%
- SKL $0.1605 -5.88%
- GRT $0.5549 -5.67%
GAO pushes towards stricter crypto regulations
The Government Accountability Office has recently released a study which stated that crypto kiosks are being used to facilitate human trafficking. GAO suggests that IRS and Financial Crimes Enforcement Network work together to tighten crypto regulations.
Crypto market seed $343 million in liquidation
As Bitcoin hit its newest low since September 2021, the crypto market saw over $340 million in liquidation as the market showed its volatile side. The single largest liquidation was on Bitmex for $5.95 million.
Bill Miller has half his wealth in Bitcoin
Billionaire investor Bill Miller recently revealed that he possesses half his wealth in Bitcoin. Miller started Bitcoin in 2014 while it was trading at around $200 and recently started buying in dips.
Binance founder now rivaling tech giants
Changpeng Zhao, the founder and CEO is worth about $96 billion according to a report by Bloomberg. This puts his close behind industry Goliaths such as Warren Buffet and Mark Zuckerberg who are worth $116 billion and $124 billion respectively.
Interesting financial reads:
Glyph is a PR platform that brings together brands, media, and influencers to collaborate and get the word out. Glyph's AI engine lets you discover who you want and automate campaign distribution, and its social interface enables you to build relationships that matter.
Add your listing
Claim this profile