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Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin Is in a Potential Range-bound Move as It Returns to the $23K Support – January 31, 2023 BTC/USD price experiences selling pressure again on January 30 as it returns to the $23K support. The cryptocurrency asset was bought up by buyers and reached a high of $23,962 before they lost interest. As bulls purchased the dips, the price of Bitcoin fell to a low of $22,500. While buyers are focused on breaking through the resistance at $24,000, sellers will try to return to the $22,500 level to restart the downtrend. Bitcoin Price Statistics Data: •Bitcoin price now – $23,125.64 •Bitcoin market cap – $445,841,674,044 •Bitcoin circulating supply – 19,278,331 BTC •Bitcoin total supply – $485,627,519,964 •Bitcoin Coinmarketcap ranking – # 1 Resistance Levels : $50,000, $55, 000, $60,000 Support Levels: $25,000, $20,000, $15,000 For the first time, B...

Sorare Global Fantasy Football. Source: sorare.com Non-fungible token (NFT)-based fantasy game and marketplace Sorare: Football has partnered with the Premier League in a multi-year licensing deal - crypto drama or not. Fans can build custom teams to win "big rewards" as if they were professional club owners, said the announcement. It explained that, "Football fans around the world can now collect, buy, sell, and trade officially licensed digital cards featuring every player from across the Premier League’s 20 clubs." As for how long the deal has been signed, the Financial Times reported that it is a four-year licensing contract. People familiar with the matter said that "Sorare will pay the Premier League tens of millions of pounds a year to secure the rights," while the final payment for each year will depend on performance. "Under the deal, the Premier League also has an option to take an equity stake in Sorare," it said....

Trends show that artificial intelligence (AI) will be a major topic in 2023, as data indicates a surge in interest. Since interest peaked and Microsoft invested billions into Chatgpt, demand for AI-focused cryptocurrency projects has risen dramatically. For example, the crypto project Fetch.ai has seen its native token FET rise 212% in the past 30 days, and another AI project, Singularitynet, has seen it’s token AGIX increase 293% against the U.S. dollar. There’s Been a Surge in Interest in AI-Focused Cryptocurrency Projects During the week of Jan. 22-28, 2023, the worldwide Google Trends score for the term “AI” was 94 out of 100. In the first week of Dec. 2022, the search term reached its highest Google Trends score of 100. It’s safe to say that the world has become increasingly focused on artificial intelligence (AI) since the release of AI-infused art platforms like Dall-E, Deep AI, Jasper Art, Starry AI, Nightcafe, and others. In the past two months, ...

In contrast to the bearish 2022, Bitcoin (BTC) and other cryptocurrencies performed exceptionally well in the first month of 2023. Bitcoin has gained over 42.8% in value in the last 30 days, according to CoinMarketCap data. From its one-month low of $16,517 to its one-month high of $23,722, Bitcoin has exhibited one of the best gains. Source: Tradingview Will Bitcoin hit $25,000? Data from TradingView reveals that Bitcoin touched $24,498 overnight on Bitstamp. However, due to the lack of momentum by the bulls to hit a new support level, BTC has fallen to its current price of $23,589, with a 2.4% gain in value over the last 24 hours. CoinMarketCap data also reveals that BTC’s market cap is up by 2.44% and currently stands at $454 billion. There has also been a 31.74% spike in trading volume over the last 24 hours. Source: CoinMarketCap Analyzing its current pace, BTC is likely to close the month at its highest price since August 2022. Even though the FTX event...

Join Our Telegram channel to stay up to date on breaking news coverage The Storj price prediction reveals that STORJ is hovering above the moving averages as the coin moves to cross above the channel. Storj Prediction Statistics Data: Storj price now – $0.40 Storj market cap – $165 million Storj circulating supply – 412.9 million Storj total supply – 424.9 million Storj Coinmarketcap ranking – #166 STORJ/USD Market Key Levels: Resistance levels: $0.470, $0.490, $0.510 Support levels: $0.300, $0.280, $0.260 STORJUSD – Daily Chart The STORJ/USD touches the resistance level of $0.40 today, trading above the 9-day 21-day moving averages. However, the Storj price is likely to cross above the upper boundary of the channel to hit the nearest resistance level of $0.45. Therefore, the STORJ/USD will have to cross above the channel to increase the buying pressure as traders expect the coin to the upside. Storj Price Prediction: STORJ/USD C...

BTC price performance may encounter a new magnet above the $50,000 mark if gold continues to be a trendsetter. Bitcoin (BTC) could get sucked toward $50,000 like a magnet if it continues to follow gold, fresh Analysis predicts. In a Twitter update on Jan. 26, popular trader and market commentator TechDev presented a lofty new BTC price target tied to XAU/USD. Gold, Bitcoin inverse dollar correlation "without question" As the debate over how much Bitcoin will compete with gold remains, bullish price takes are surfacing. For TechDev, the outlook is more optimistic than for many — Bitcoin might even crack the $50,000 mark. “What if Bitcoin continues to follow Gold / DXY ?” he queried. An accompanying chart compared BTC/USD to Gold versus the U.S. dollar index (DXY). The precious metal, TechDev hinted while continuing a previous narrative, may be frontrunning Bitcoin in terms of its recovery. BTC/USD vs. XAU/DXY annotated chart. Source: TechDev/ Twitter As Cointelegraph repor...

Lawyers believe that NFT court orders could help reach defendants that cannot be contacted using ordinary means. In this week’s newsletter, read about how nonfungible token (NFT) sales reached 101 million in 2022. Learn how NFTs can be used to summon defendants who cannot be reached using traditional methods, and see how toys play a role in the NFT and Web3 ecosystem. Check out how Binance is tightening its rules on NFT listings, and don’t forget this week’s Nifty News, featuring the resurgence of former U.S. President Donald Trump’s NFTs.  NFT sales topped 101 million in 2022: DappRadar report A report published by decentralized app tracker DappRadar shows that NFT sales in 2022 reached 101 million, representing a 67.57% increase compared with 2021. The Report also shows that the Ethereum blockchain remains the top contender in the NFT ecosystem, with 21.2 million transactions processed in the year. The network is followed by WAX (14.5 million), Polygon (13.3 million) and Solana (...

It is not all plain sailing when it comes to Bitcoin's price recovery this year, with U.S. liquidity conditions calling the shots. Bitcoin (BTC) still risks “ considerable danger ” in 2023 as macroeconomic conditions dictate price action. That is according to economist Lyn Alden, who in private comments to Cointelegraph cautioned on Bitcoin staying bullish after its January gains. Alden: BTC price bottom is a "process" Optimism is increasing throughout crypto as BTC/USD broadly retains levels, which are 40% higher than at the start of the year. What the rest of 2023 may hold, however, is still a topic of debate, and Alden suggests that it is naive to assume that the good times will continue unchecked. The reason, she says, lies with the United States lawmakers and the Federal Reserve. “I expect the BTC bottom to be a process,” she summarized about the current state of Bitcoin. “BTC prices are heavily tied to liquidity conditions, and liquidity conditions have been impro...

On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss the reasons behind the latest crypto pump. This week on The Market Report, the resident experts at Cointelegraph discuss the real reasons behind the recent price pump in the market. Can this lead to a $25,000 Bitcoin (BTC) and beyond, or will some unforeseen event ruin the party? Tune in to find out. We start off this week’s show with the latest news in the markets: Stablecoin data points to ‘healthy appetite’ from bulls and possible Bitcoin rally to $25K Bitcoin rallied 11% between Jan. 20 and Jan. 21, reaching the $23,000 level and shattering bears’ expectations for a pullback to $20,000. Even more notable is that the move brought demand from Asia-based retail investors, according to data from a key stablecoin premium indicator. Another bit of bullish information came on Jan. 20 after United States Federal Reserve Governor Christopher Waller reinforced the market expectation of a 25 basis point int...

The latest round of layoffs at Microsoft, which announced it will cut 10,000 jobs this year, has hit key teams for its VR (virtual reality) and metaverse efforts, according to reports. The company will close two projects in these areas, Altspacevr and the Mixed Reality Tool Kit, potentially affecting the progress of Microsoft in these areas. Microsoft VR and Metaverse Teams Hit by Layoffs The latest round of layoffs announced by Microsoft on Jan. 18, has reportedly hit metaverse and VR (virtual reality) initiatives of the company, potentially affecting progress in these areas. Among the 10,000 jobs to be cut this year, representing 5% of Microsoft’s global workforce, teams behind initiatives like Altspacevr and the Mixed Reality Tool Kit are being axed as part of this reorganization process. Altspacevr, which was acquired by Microsoft in 2017, has already announced it will sunset its platform on March 10. The platform, which was aimed at providing services to facilitate the cre...

Bitcoin could take a break from its sharp rally and if its price bounces off underlying support, APE, MANA, AAVE and FIL could break out. After nearly a 20% rally last week, Bitcoin (BTC) is on track to end this week with gains of roughly 10%. Bitcoin’s rally has improved sentiment and attracted buying in several altcoins. This sent the total crypto market capitalization firmly above the $1 trillion mark. The strong recovery in Bitcoin has startled several analysts who remain skeptical about the rally. Some believe that the current rise is a dead cat bounce that will reverse direction sharply, while others see similarities between the current rally and the 2018 bear market recovery. Crypto market data daily view. Source: Coin360 Although traders should be ready for any eventuality, the pace of the rise in Bitcoin does point to a possible major bottom. There are likely to be bumps down the road but the dips are likely to be aggressively purchased by traders. Bitcoin’s sustained recove...

Join Our Telegram channel to stay up to date on breaking news coverage ApeCoin (APE) is trading roughly flat on Sunday amid a pullback in broader cryptocurrency markets. The cryptocurrency was last changing hands in the $5.50 per token area, down around 8% from its earlier weekly highs just under $6.0 per token, but still on course to close the week around 7.5% higher. That would mark a third consecutive positive weekly close for ApeCoin, which is now up over 50% since the start of the year. The Ethereum network-based ERC-20 token at the centre of Yuga Labs’ (the creator of the Bored Ape Yacht club non-fungible token collection and Otherside metaverse) web3 ecosystem has benefitted from a macro optimism-fuelled rally in broader cryptocurrency markets. And price predictions remain bullish, with ApeCoin’s near-term technical outlook looking very strong. Where Next for APE? APE’s price momentum has been increasingly bullish ever since the crypto token broke to the north of a lo...

Join Our Telegram channel to stay up to date on breaking news coverage Calvaria, the best P2E offering of this year, has raised close to $3 million in its presale. And with only $200k remaining for it to reach the conclusion of this presale, your time to participate in this project is getting smaller; visit calvaria.io to participate now. The project has raised $2.88 million at the time of writing and has completed 95% of stage 5 of the presale. The current presale price of the RIA token is $0.03235. When the presale target of $3.075 million is reached, or when January 31st arrives, the presale will be over. That said, the craze behind this project has kicked off a FOMO, and investors are coming in swaths because they don’t want to miss out on the unique offering of the presale project – which will likely close the presale round before the last day is reached. Big Profits Coming for Those Who Invested Early Calvaria followed the same multi-stage presale approach...