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The Bitcoin (BTC) price decreased significantly on Jan. 27. It reached a double bottom and bounced at the $29,000 support area.
Bitcoin is expected to resume its upward movement toward the $33,800 resistance area and could potentially move higher.
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Dogecoin (DOGE) is up 80% in a day and trading volume has spiked more than 800% as the altcoin sees a publicity surge with a familiar source.
DOGE/USD 1-day candle chart (Binance).
In a Jan. 27 blog post, Independent Reserve, Australia’s largest digital asset exchange, announced that it would be delisting Bitcoin SV on March 28.
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The dYdX decentralized exchange (DEX) announced that it successfully raised another $10 million in a Series B funding round. The process, which was spearheaded by Three Arrow Capital and DeFiance Capital, also got the support of other investment firms.
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In brief
Bitcoin and the broader crypto markets appear to have rebounded from several days of losses.
DeFi projects continue to boom as more sophisticated products and services come online.
Former White House Director of Communications Anthony Scaramucci says the GameStop rally shows why Bitcoin, as a concept, will succeed.
Bitcoin’s bright future
The GameStop rally has come to symbolize individual power exceeding the might of Wall Street.
The Ripple community is at a loss to explain the motivation behind a class-action lawsuit filed by Florida man Tyler Toomey against Ripple Labs and Ripple CEO Brad Garlinghouse over a $48.56 loss.
In November 2020, Toomey purchased 135 XRP tokens at $0.724 each for a total value of $97.80.
Both crypto traders and hodlers often wonder what factors actually influence crypto prices. With this knowledge, they can build a more complete picture of potential risks, losses, and profits.
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Costa Rica is pretty laid-back when it comes to crypto, especially its laws.
Article 166 of Costa Rica’s Labor Code, for example, allows for employees’ salaries — if they exceed the amount covering the minimum wage — to be paid using forms of compensation including cryptocurrency.
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Mark Cuban owns the Dallas Mavericks, appears regularly on the investment show Shark Tank, and has a net worth above $4 billion.
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