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Bitcoin charges above the $17,000 mark but misgivings remain among traders ahead of CPI, Fed comments and amid a brewing storm at Digital Currency Group. 3813 Total views 55 Total shares Listen to article 0:00 Markets News Ho-ho-ho! Get Limited Holiday Trait!Collect this article as an NFT Bitcoin (BTC) starts a new week on a promising footing with BTC price action near one-month highs can it last?

In a new years boost to bulls, BTC/USD is currently surfing levels not seen since mid-December, with the weekly close providing cause for optimism.

The move precedes a conspicuous macroeconomic week for crypto markets, with the December 2022 Consumer Price Index (CPI) print due from the United States.

Jerome Powell, Chair of the Federal Reserve, will also deliver a speech on the economy, with inflation on everyones radar.

Inside the crypto sphere, FTX contagion continues, with Digital Currency Group (DCG) at odds with institutional clients over its handling of solvency problems at subsidiary Genesis Trading.

At the same time, under the hood, Bitcoin still shows signs of recovery from the FTX turmoil, with miners among those catching a break.

Cointelegraph takes a look at these factors and more as the second trading week of January gets underway.Bitcoin price passes $17,000

Bitcoin managed to spike higher at the Jan. 9 weekly close, hitting levels absent from the chart since Dec. 16.

Data from Cointelegraph Markets Pro and TradingView shows local highs coming in at $17,250 on Bitstamp.BTC/USD 1-day candle chart (Bitstamp). Source: TradingView

Despite only adding several hundred dollars, the move on BTC/USD did not go unnoticed given the extremely compressed trading range in place for many previous weeks.

Nonetheless, eyeing potential continuation, traders were less than willing to change their longer-term conservative perspective.

Onwards and upwards to my $17,300 – $17,500 target, Crypto Tony told Twitter followers in an update on the day:I have taken some profit here on my scalp long, and remain in my short as long as we are below 17,500 on 4 hour closure.

Michal van de Poppe, founder and CEO of trading firm Eight, likewise left the door open for some modest upside continuation, but warned that the start of the week would present hurdles.

Still watching a case like this on Bitcoin, he confirmed alongside an explanatory chart:I think well continue rallying coming week, but probably have a drop due to Gemini or correction on Monday first.BTC/USD annotated chart. Source: Michal van de Poppe/ Twitter

Meanwhile, Venturefounder, a contributing analyst at on-chain analytics platform CryptoQuant, reminded investors to zoom out.

Bitcoin has been stuck between $16k and $18.5k for 2 months now, he acknowledged:Watch this range very very carefully, a break from either direction can bring 20% volatility, could happen soon. A definitive break of $16k could see $13k, make $18.5k support we can see $22.5k.BTC/USD annotated chart. Source: Venturefounder/ TwitterCPI countdown returns as risk asset traders eye volatility

All eyes, including those of the Federal Reserve, are on inflation data this week with the December print of the Consumer Price Index (CPI) due for release.

CPI, which will greet markets on Jan. 12, is a key component of Fed policy, and traders and analysts alike are keenly aware that the signals it provides can lead to shifts in its stance.

Recently, CPI has been declining, hinting that the Feds existing interest rate hikes have had a positive impact on inflation.

Should this continue or even decline more than expected, hopes that the Fed will decrease rate hikes faster or even cancel them altogether will increase.

This, in turn, provides a window for risk assets including crypto to gain, as Fed policy easing ignites appetite for risk.

Expecting enormous volatility. Huge cash position and light position size for me, Ted Zhang, trader and research analyst at Revere Asset Management, told Twitter followers, describing the CPI event as a huge week.

Others noted the unusual timing of the CPI schedule, with the data coming two days after a speech on the economy by Fed Chair, Jerome Powell.

Unfortunately or fortunately the speech is on Tuesday while cpi on Thursday so any hawkishness will be undone post cpi numbers on Thursday! one response read, adding that market reactions to Powells speech may well amount to noise.

According to CME Groups FedWatch Tool, the chances of a 25-basis-point rate hike this month currently stand at 75% versus a 25% chance of a large 50-basis-point move.Fed target rate probabilities chart. Source: CME Group/ Twitter

Long term, skeptics including Big Short investor Michael Burry maintain that inflation will return, with the Fed obliged to raise rates again as a result.

CPI inflation is unlikely to fall as low as 2%, let alone go negative, gold bug Peter Schiff wrote in a response to Burry last week:But I agree with you that the Fed will return to QE and the official inflation rate will hit a new high. The unofficial actual rate will hit a new all-time record high.DCG publicly faces the music

As the fallout from the FTX saga rolls on, it is institutional investment giant Digital Currency Group (DCG) coming in for a grilling this month.

Exposure to FTX heightened pressure on certain DCG subsidiaries in an increasingly complex story which has even raised questions about the future of the largest institutional Bitcoin investment vehicle.

The Grayscale Bitcoin Trust (GBTC) currently has BTC assets under management in excess of $10 billion. Its share price, according to data from Coinglass, trades at an implied 44% discount to the Bitcoin spot price.

As Cointelegraph reported, exchange Gemini has had some of its assets frozen in DCG firm Genesis Trading after it halted withdrawals in light of FTX. Its co-founder, Cameron Winklevoss, has publicly appealed to DCG CEO, Barry Silbert, for answers.

Jan. 8, he wrote in an open letter to Silbert, marking a deadline for the situation to be resolved, but with time up, Silbert himself disputes this.

DCG delivered to Genesis and your advisors a proposal on December 29th and has not received any response, he claimed in part of a Twitter response to Winklevoss on Jan. 2.

Should events take an unpredictable turn, the implications for Bitcoin markets may become more serious, with DCGs prominence as an investment entity making the debacle particularly conspicuous.

Describing recent events, Checkmate, lead on-chain analyst at Glassnode, said that DCG was continuing to blow up in slow motion.

And Bitcoin price is basically a stablecoin, he added.

2023 all depends on DCG at this point, Justin Herberger, author of the Invest and Prosper newsletter, meanwhile forecast:If they somehow collapse, its gonna get ugly. That could be our last leg down to 85% draw down from Bitcoin ATHs.GBTC premium vs. asset holdings vs. BTC/USD chart. Source: CoinglassMiners break severe selling streak

Bitcoin miners have been on the radar for most of 2022, but the BTC price dip which followed the FTX implosion worsened an already tenuous situation.

Miners began to divest themselves of their stored Bitcoin in order to remain financially viable, and on-chain metrics swiftly warned of a miner capitulation already in progress.

As Cointelegraph reported, however, neither the extent of the sell-off nor its duration appeared critical, and recently, the situation has stabilized.

The heavy sell pressure from Bitcoin miners that has barraged the market for the last 4 months has finally subsided for now, William Clemente, founder of crypto research firm Reflexivity, summarized alongside data from on-chain analytics firm Glassnode this weekend.

That data showed the 30-day net position change for Bitcoin miners, this in fact beginning to increase versus the month prior.Bitcoin miner net position change chart. Source: William Clemente/ Twitter

Separate Glassnode data supported the observation, with miners BTC reserves hitting their highest in a month on Jan. 8.Bitcoin miner balanc chart. Source: Glassnode/ Twitter

Eyeing Bitcoins hash rate the estimated processing power dedicated to mining Jan Wuestenfeld, analyst at crypto research and advisory firm Quantum Economics, was equally upbeat on the status quo.

It is crazy how the hashrate, albeit miners coming under heavy pressure, has only corrected a bit over the last two months of 2022 and now is even increasing considering the 30-day moving average, he noted.

Last week, Bitcoins network difficulty adjusted downward by around 3.6%, taking into account a drop in competition among active miners. According to the latest forecast from BTC.com, however, the next adjustment will wipe out those losses to add 9% to the difficulty level, in so doing marking a fresh all-time high.Bitcoin network fundamentals overview (screenshot). Source: BTC.comExtreme fear meets 18-month crypto volume lows

Crypto market sentiment is as unsure as ever when it comes to the near-term outlook, according to the Crypto Fear & Greed Index.

Related:Macroeconomic data points toward intensifying pain for crypto investors in 2023

Over the weekend, the Index, which compiles a sentiment score from a basket of weighted triggers, dipped back into the top of its most bearish bracket, extreme fear.

A first for 2023, extreme fear is nonetheless familiar to longtime market participants, who watched as sentiment endured its longest-ever stint in the Indexs lowest zone last year. Crypto Fear & Greed Index (screenshot). Source: Alternative.me

At the same time, interaction with crypto appears noticeably lacking at current price levels.

Data from research firm Santiment has captured the lowest transaction volume across crypto since mid-2020.

Altcoin volume is particularly low, a note to an accompanying chart stated.Bitcoin spent output value bands annotated chart. Source: CryptoBitcoinChris/ Twitter

Separate numbers from CryptoQuantflagged by popular social media commentator CryptoBitcoinChris nonetheless noted that whale selling had also decreased since December, this potentially setting a trend and positive effect on market sentiment.

The views, thoughts and opinions expressed here are the authors alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. #Bitcoin #Bitcoin Price #Bitcoin Mining #Markets #Inflation Related News How to get a job in the Metaverse and Web3 Belgian MP receives Bitcoin salary for a year: Heres what he learned Biggest week of the year 5 things to know in Bitcoin this week Bitcoin sees CPI volatility as lower inflation sends BTC price to $18K Bitcoin traders await FOMC, Powell as BTC price hits new 1-month high

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Massive Anker SOLIX Easter Sale takes 54% off power stations, Lectric switches up April e-bike sale from $999, Worx robot mowers, more

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April 8, 2025

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Massive Anker SOLIX Easter Sale takes 54% off power stations, Lectric switches up April e-bike sale from 9, Worx robot mowers, more

Headlining today’s Green Deals is the massive Anker SOLIX Easter Sale lineup with up to 54% discounts on power stations and solar generators, and there’s even free gear coming along with select model purchases. Among the huge lineup of deals, we’re seeing returning low prices on the new F3800 Plus Portable Power Station that starts from $3,199 on top of an even more expansive list of bundle discounts that we saw during its launch. We also noticed Lectric has changed up its April Showers Sale, with the XP Lite 2.0 Long-Range e-bikes starting from $999 getting larger bundles up to $316 in size, among other offers. Lastly, Worx’s Landroid M 20V and L 20V Robot Lawn Mowers are down at $600 and $750 right now for a more affordable means to upgrade your lawn care with autonomous support. Plus, all the other hangover Green Deals are in the links at the bottom of the page, like yesterday’s Jackery early Easter Sale deals, Tenways’ e-bike Spring Sale, and more.

Head below for other New Green Deals we’ve found today and, of course, Electrek’s best EV buying and leasing deals. Also, check out the new Electrek Tesla Shop for the best deals on Tesla accessories.

Massive Anker SOLIX Easter Sale offers F3800 Plus from $3,199 and tons more at up to 54% off

Anker has launched its SOLIX Easter Sale through April 20 with up to 54% discounts on power stations and some free gear being given away with select model purchases. We’re seeing some returning low prices alongside even more bundle options on the newest release, the F3800 Plus Portable Power Station, which starts at $3,199 shipped. Sadly, it and its bundles do not come with the bonus free solar panel and rewards that we saw during its release – but you will be getting a free protective cover with it (valued at $160), making it a great option if you missed out on those launch deals. The station is coming down off its $4,799 price tag during this sale, which is a solid 33% markdown that puts $1,600 back in your pocket at the lowest price we have tracked.

As mentioned before, there are a few gifts available on select purchases, with the F3800 and F3800 Plus offers coming along with a free protective cover for the power station while the C800 Plus and C1000 offers get a free folding camping chair. Of course, as is often the case, purchasing direct from Anker’s website scores members AnkerCredit rewards that can be redeemed for rewards and benefits.

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Anker’s SOLIX F3800 Plus starts off with the same 3,840Wh capacity as the standard F3800 model, which can also expand up to 26,900Wh with the addition of six expansion batteries while also being compatible with its predecessor to be paired up with it. It provides up to 6,000W of initial power output through its 15 port options, surging to 9,000W for larger needs – but it doesn’t stop there, as its output expands to 12,000W when two stations are paired together, whether they both be plus or standard models.

There are a few key differences between this model and its predecessor, with the F3800 Plus having one additional way to recharge its battery, namely getting 6,000W input from a gas generator on top of an increased 3,200W solar input (800W over the F3800) and the usual AC outlet recharging too. Aside from those, a decision between the two models depends on how you’re powering up EVs and RVs. The standard F3800 sports both a L14-30R and 14-50R output, while the F3800 Plus sports L14-30R and TT-30R ports.

F3800 Plus solar generator bundles:

F3800 Plus home backup bundles:

Standard F3800 power station/solar generator offers:

Standard F3800 home backup bundles:

Anker’s SOLIX Easter Sale F2000 deals:

Anker’s SOLIX Easter Sale C1000 power station deals:

Anker’s SOLIX Easter Sale C800 power station deals:

Anker’s SOLIX Easter Sale C200 & C300 power station deals:

Anker’s SOLIX accessory deals:

To browse the full massive lineup of deals during Anker’s SOLIX Easter Sale, head to the landing page here.

lectric xp lite 2.0 e-bike

Lectric changes up April sale with larger XP Lite 2.0 long-range e-bike bundles starting from $999, more

Lectric has switched gears on its ongoing April Showers Sale with up to $654 in free gear accompanying your e-bike purchase. We’re seeing some changing bundle sizes across a sizeable selection of the brand’s models, with a notable increase on the XP Lite 2.0 Long-Range e-bikes that have the standard models starting from $999 shipped and coming with up to $316 in free gear (the Arctic White model is only getting a $148 bundle), while the JW Black belt-drive model sitting higher at $1,099 shipped and coming with $365 in free gear. These bundles would normally run you from $1,147 to $1,464, respectively, but you’ll be able to outfit them with some solid add-on gear at no extra cost to you, with these bundles coming in as the third-largest packages that we have tracked.

While you could grab one of the shorter-range models starting from $799 right now, they unfortunately do not come with any additional gear like their long-range counterparts. Regardless of which you choose, these e-bikes offer a more expansive range of colorways than we usually see from Lectric, beyond just the black/white designs.

The standard long-range XP Lite 2.0 e-bikes are the brand’s lightest models, weighing in at just 49 pounds for a more manageable time when storing or transporting them outside of your journeys. They come with 672Wh batteries to run the 300W rear hub motor that peaks at 819Wh, providing up to 80 miles of travel time when the five levels of PAS are activated and a top speed of 20 MPH. For what they are priced at, you’re getting some solid features, including hydraulic mineral oil brakes, 20×2.5-inch slick tires with 3mm Hippo Skin liner, and pre-slimed tubes for anti-puncture resistance. There’s also the BMX-style handlebars, a foldable design at the handlebar stem and on the pedals, and a full color LCD display that has a USB-A charging port for your devices.

The difference between these standard models and the JW black model, is the change over from a chain-drive to a carbon fiber-reinforced Gates Carbon Drive belt system. This gives the e-bike a quieter, smoother, and oil-free experience that improves performance for greater efficiency while also providing a longer-lasting lifespan over longer-term usage.

Lectric XP Lite 2.0 LR e-bike offers with up to $365 bundles:

Lectric XPedition 2.0 offers with up to $654 bundles:

Lectric XP 3.0 e-bike offers with up to $455 bundles:

Lectric XP Trike with $420 bundle

Lectric XPeak 2.0 offers with up to $316 bundles:

Lectric XPress 750 Commuter e-bikes with up to $316 bundle

Lectric ONE LR e-bike with $220 bundle

You can browse the full lineup of deals on the landing page here, and we have a few alternate brand sales running at the same time too.

Worx Landroid Robot Lawn Mower

Automate your lawn care with Worx’s Landroid 1/4 and 1/2-acre robot lawn mowers from $600 (Save up to $149)

Amazon is now offering the Worx Landroid M 20V Robotic Lawn Mower for $599.99 shipped. While it does carry a $900 price tag, we’ve been more recently seeing it keep at $719 on average at Amazon, with discounts in 2025 mainly bringing costs down to $661, though there has been one previous fall to this same rate back in February. While we have seen it go as low as $529 in the past, you’re looking at a solid $119 markdown here today that drops costs among its lowest rates that we have tracked. It’s S 20V counterpart is sitting just $1 lower, while the L 20V model is down at $750 from its more recent $899 pricing.

The Worx Landroid robot mowers are a popular means to add autonomous support to your lawn maintenance routines, with the S 20V covering up to 1/8 acres, the M 20V covering 1/4 acres, and the L 20V covering up to a 1/2 acre of land on a single charge. They’ve been given an advanced AI system that keeps them on the course that you set around your yard, equipped with a floating blade disc that will lift itself to provide extra clearance while moving through uneven terrain. The full array of smart controls can be accessed in its companion app through Wi-Fi or Bluetooth – plus, the included batteries are compatible and interchangeable with other tools in Worx’s PowerShare ecosystem.

Best New Year EV deals!

Best new Green Deals landing this week

The savings this week are also continuing to a collection of other markdowns. To the same tune as the offers above, these all help you take a more energy-conscious approach to your routine. Winter means you can lock in even better off-season price cuts on electric tools for the lawn while saving on EVs and tons of other gear.

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Here’s a better look at the $22,000 Volkswagen ID.1 EV inside and out [Video]

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April 8, 2025

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Here's a better look at the $22,000 Volkswagen ID.1 EV inside and out [Video]

Volkswagen's-ID.1-EV

Volkswagen’s smallest and cheapest EV, the ID.1, will start at around $22,000 (20,000 euros) when it arrives. Despite its compact size, the entry-level electric car could be the brand’s biggest hit yet with advanced new software from Rivian. Here’s a closer look at the upcoming EV.

When will Volkswagen’s entry-level ID.1 EV launch?

The ID.1 will be a part of Volkswagen’s affordable EV lineup, positioned below the production version of the ID.2all.

According to Volkswagen brand CEO Thomas Schäfer, the ID.EVERY1 is the “last piece of the puzzle” as it aims to have the widest selection of EVs in the volume segment.

We got our first look at the low-cost EV last month after VW revealed the ID.EVERY1 concept car. The concept previews “an electric 20,000 euro Volkswagen” that will replace the Up! The entry-level EV is just 3,880 mm long, sitting between the former Up! (3,600 mm), ID.2all (4,050 mm), and Polo (4,074 mm).

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The production version will be the first VW model powered by its new software-defined architecture, which will use new tech from its partnership with US startup Rivian.

Volkswagen and Rivian launched a new software joint venture last November in a deal worth up to $5.8 billion. Using Rivian’s EV tech, the two are co-developing software-defined vehicle (SDV) platforms that will be used in both companies’ next-gen EVs.

According to Volkswagen brand tech development boss Kai Grunitz, the ID.1 will gain new functions with OTA updates as its first SDV.

Volkswagen ID.EVERY1 interior (Source: Andreas Mindt)

Ahead of its official debut, lead designer Andreas Mindt created a new animation that gives us a closer look at the upcoming EV inside and out. You can see the fresh interior design includes new tech, smart storage, and more.

Like the ID.2all and sporty ID.GTI Concept, the ID.1 will ride on a new front-wheel-drive MEB platform. It’s expected to launch with at least 250 km (155 miles) of WLTP range.

Volkswagen ID.EVERY1 exterior (Source: Andreas Mindt)

Volkswagen will launch the production version of the ID.1 in 2027, following the ID.2 and an SUV version. It will be one of nine new VW models by 2027.

VW brand CFO David Powels confirmed last month that the company is launching its first SDV (the ID.1) ahead of schedule thanks to its partnership with Rivian.

Would you buy the ID.1 for around $22,000? It’s too bad it’s not expected to launch in the US. Drop us a comment below and let us know what you think of Volkswagen’s entry-level EV.

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Zoox expands testing operations to Los Angeles

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4 hours ago

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April 8, 2025

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Zoox expands testing operations to Los Angeles

Zoox Los Angeles

Zoox is saying, “LiDAR, camera, action!” The autonomous robotaxi developer announced an expansion into Los Angeles, marking Zoox’s sixth testing location. The initial rollout around Hollywood will be small to begin as Zoox remains “thoughtful and measured” in its rollout approach.

Zoox is a veteran robotaxi developer taking a unique design approach to bringing driverless technology to the masses. Rather than converting existing EVs into robotaxis like its competitors, Zoox has designed and rolled out an entirely purpose-built EV without pedals or a steering wheel.

Or, it will eventually do that. Many of its current testing vehicles are retrofitted models featuring LiDAR and other sensors.

In February 2023, Zoox initially began rides on public roads in Foster City, California – marking the first time a purpose-built autonomous vehicle without any manual controls had done so. In June of that same year, the company began driving on public roads in Las Vegas in preparation for a full commercial launch.

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That initial route in Vegas consisted of a one-mile loop near Zoox’s headquarters, offering the ability to transport as many as four passengers at speeds up to 35 mph (although the driverless EVs were designed to achieve speeds up to 75 mph). At the time, we reported that Zoox employees would conduct initial test rides before “expanding over the coming months.”

In early 2024, we reported that Zoox had expanded its Las Vegas geofence to a five-mile route from headquarters to the south end of the strip, with multiple routes available in between at speeds up to 45 mph. Since then, the robotaxi developer has expanded its North American operations to additional cities, including Miami and Austin.

Today, Zoox announced a sixth testing site, to the south of its native Bay Area of California, beginning autonomous operations in Los Angeles.

Zoox Los Angeles
An autonomous Zoox test vehicle / Source: Zoox

Zoox begins small test fleet rollout in Los Angeles

According to a blog post from Zoox today, the company is laying the groundwork for future urban expansions, including Los Angeles. In addition to The City of Angels, the company’s test fleet now includes San Francisco, Las Vegas, Seattle, Austin, and Miami.

To begin, Zoox said it plans to deploy a few retrofitted test fleet vehicles equipped with safety drivers around a small area of Los Angeles. As is its standard operating procedure with all new cities, Zoox will first send the test fleet to complete manual mapping missions before actual autonomous driving begins, which it intends to start this summer. Per the release:

Similar to our efforts in Austin and Miami, deploying in Los Angeles provides us with an opportunity to gather valuable feedback and insights. While traffic rules are consistent across different locations, there are a variety of driving conditions, potential roadwork, city events, and other map changes we want to learn about before expanding to other neighborhoods.

Zoox hopes to alleviate some of the traffic headaches that have become synonymous with life in Los Angeles:

 In 2024, the average Angeleno spent 157 hours driving, a figure that doubled from the previous year. Zoox sees potential in testing in Los Angeles and is excited to be able to give those that live, work, and travel to LA time back to socialize, relax, or work in the Zoox robotaxi en route to their destination.

The company promised to share an update on the availability of autonomous rides in Southern California and when it feels confident its vehicles are ready to operate in the new region following testing. Zoox is working to welcome its first public riders in Las Vegas and San Francisco later this year as it continues to lay the necessary foundations for future service expansions to other areas like Los Angeles and the cities mentioned above.

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