Connect with us

Published

on

Major coins remainedbuoyant on Monday eveningas the global cryptocurrency market cap rose 0.5% to $989.5 billion at 7:48 p.m. EST. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin BTC/USD 1.5% 22.8% $21,153.06 Ethereum ETH/USD 1.3% 18.5% $1,570.81 Dogecoin DOGE/USD -2.65% 9.1% $0.08 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price Loopring (LRC) +5.1% $0.30 Quant (QNT) +5.5% $138.73 Frax Share (FXS) +6.9% ??$8.93

See Also: Best Ways To Earn Free Cryptocurrency

Why It Matters: Bitcoin and Ethereum werehigher on Monday as the New-Year rally remained intact. However, the momentum was muted in other risk assets like stocks as investors look ahead to corporate earnings season.

There's certainly an increasing sense of optimism about 2023 as we make our way through the opening month of the year. The economic data has been kind, to say the least, which is not something we were afforded for the vast majority of the year just gone, said Craig Erlam, a senior market analyst at OANDA.

A boost in risk appetite has triggered a surge in bitcoin which spent the final weeks of last year languishing between $16,000 and $17,000. It is up more than 25% since the turn of the year, breaking back above $20,000 this morning in the process, said the analyst in a note seen by Benzinga.

Erlam said it wasnt clear outright if it is a sign of bottoming out or a brief rebound but there are clearly still some very bullish traders out there.

Michal van de Poppe said that Bitcoin is trying to break resistance and might seek a sweep of the $21,600 level. He said eyes will be on the dollar index, which tracks the greenback against six other currencies, in the coming days. At the time of writing, the dollar index was at 102.30.

#Bitcoin trying to break resistance, might actually seek for a sweep of $21.6K.

Eyes still on $DXY coming days. Michal van de Poppe (@CryptoMichNL) January 16, 2023

Glassnode said that Bitcoin has seen greater volumes of Profits realized on-chain than losses for the first time since June.

For the first time since June, #Bitcoin has seen a greater volume of Profits realized on-chain than losses.

During bear cycles, this tends to act as a psychological level where investors sell at, or near break-even, creating resistance.

Full Analysis: https://t.co/4PyCTobCUz pic.twitter.com/L0bBq2323f glassnode (@glassnode) January 16, 2023

Separately, the on-chain analysis firm said that a convincing break above 1.0 for Realized profit/loss ratio, or aSOPR metrics has historically [signaled] a cycle regime shift is underway.

A successful retest and bounce of aSOPR from 1.0 is often observed near cycle turning points, said Glassnode.

A convincing break above 1.0 for Realized P/L Ratio, or aSOPR has historically signalled a cycle regime shift is underway.

A successful retest and bounce of aSOPR from 1.0 is often observed near cycle turning points.

Full Analysis: https://t.co/4PyCTobCUz pic.twitter.com/asBbH7n7Tp glassnode (@glassnode) January 16, 2023

aSOPR or adjusted Output Profit Ratio is a metric that tracks the ratio of spent outputs in profit in a given timeframe.

Santiment said that cryptocurrency traders are behaving like they are seeing a top and are taking the opportunity to profit take while given the chance.

The market intelligence platform said that Bitcoin is seeing the highest profit-take ratio since Feb. 2021, while in the case of Ethereum, it has been the case since Oct. 2021.

Are #crypto markets seeing a top? Traders are behaving like they believe so, taking this opportunity to profit take while given the chance. #Bitcoin is seeing its highest profit tx ratio since Feb, 2021. For #Ethereum, it’s the highest since Oct, 2021. https://t.co/GFrtZtFIYP pic.twitter.com/yqDc2uDPuR Santiment (@santimentfeed) January 16, 2023

Read Next: Gaming Token Rallies 96% In A Week, Outperforming Bitcoin, Ethereum And Dogecoin Gains

Continue Reading

US

Trump or Harris? Millions of Americans set to decide next president

Published

on

By

Trump or Harris? Millions of Americans set to decide next president

Voters across 50 states are preparing to cast their ballots after a bitterly contested US election campaign, which will see Donald Trump or Kamala Harris become president.

In the last few hours, both candidates have been giving their final pitches. “The momentum is on our side,” Ms Harris told a crowd in Philadelphia that chanted back, “We will win”.

“Tonight, then, we finish as we started: with optimism, with energy, with joy,” she said, while enjoying the support of celebrity endorsements on the day from Katy Perry, Lady Gaga and Jon Bon Jovi.

US election latest updates

In contrast, Mr Trump ended his campaign in Michigan, repeating key messages about the economy and immigration.

A handful of states will play a crucial role in determining the outcome of the election. Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin hold the keys to the White House.

To become president, the winning candidate needs 270 electoral votes or more, with each state carrying a different number of votes.

More on Us Election 2024

But the focus has been on Pennsylvania which carries 19 electoral votes, the most of all the swing states.

It has been a remarkable journey for both candidates – with Mr Trump surviving two assassination attempts and Ms Harris not even originally in the running.

Katy Perry performs after an appearance by Democratic presidential nominee Vice President Kamala Harris at a campaign rally at the Carrie Blast Furnaces in Pittsburgh, Monday, Nov. 4, 2024. (AP Photo/Gene J. Puskar)
Image:
Katy Perry performed in Pittsburgh in support of Kamala Harris. Pic: AP

For more than a year, the 2024 presidential race seemed destined for a rematch between Joe Biden and Mr Trump – but a disastrous TV debate by Mr Biden eventually forced him to withdraw from the ticket.

The Democratic party’s decision to replace Mr Biden with his vice president transformed the race and shifted polls in Ms Harris’s favour. But only just.

Many polls are too tight to call and, with a large margin of error, most experts are refusing to predict the outcome.

Read more:
Overseas ballots face legal challenge

You decide the new president
Should we fear Trumponomics?

Later, attention will turn to those battleground states including Georgia, which is among the first polls to close at 7pm local time (midnight UK time).

State election officials told Sky News they could have a result as early as 10pm (3am UK time).

Even so, it could be several days before the US has a definitive result.

Voters are not just selecting a president. In addition, 10 states will hold abortion-related ballots, half of which would overturn existing restrictions.

Predict who you think will win in each swing state and we’ll tell you who the president will be if you’re right.

Tonight, Sky News will have access to the most comprehensive exit poll and vote-counting results from every state, county and demographic across America through its US-partner network NBC.

You can find out more about Sky News’ coverage here.

Continue Reading

Politics

Meet the pro-crypto contenders who could replace SEC chief Gary Gensler

Published

on

By

Meet the pro-crypto contenders who could replace SEC chief Gary Gensler

There are several new candidates who could potentially become the next chair of the SEC.

Continue Reading

Science

Antarctic Ozone Hole Might Fully Recover by 2066, Claims New Study

Published

on

By

Antarctic Ozone Hole Might Fully Recover by 2066, Claims New Study

Each year, a seasonal thinning of the ozone layer appears over Antarctica, a reminder of environmental damage done by industrial chemicals. However, 2024 has brought encouraging news, as this year’s ozone depletion was smaller than in previous years, sparking optimism about the ongoing recovery of the atmosphere’s protective layer. In recent monitoring from September to mid-October, scientists from NOAA and NASA observed that the ozone hole over Antarctica was the seventh smallest in recorded history.

Although still substantial in size, averaging around three times larger than the continental United States, it peaked at 8.5 million square miles on 28 September before beginning to contract.

As per a report by Earth.com, the Montreal Protocol, an international treaty ratified in 1992, has played a critical role in this improvement. By phasing out chlorofluorocarbons (CFCs), the treaty helped reduce chemicals that harm the ozone. This year’s relatively smaller hole is a direct result of these efforts and a fortunate influx of ozone-rich air moving southward, replenishing the atmosphere over the Antarctic.

Decreased CFC Levels Brings Hope for Recovery

Dr Paul Newman, NASA’s head of ozone research, noted that “the 2024 Antarctic ozone hole is smaller than those observed in the early 2000s, reflecting the gradual recovery that’s been ongoing for two decades.” This positive trend underscores the impact of global cooperation to control ozone-depleting substances.

Despite this progress, scientists are cautious. Stephen Montzka of NOAA’s Global Monitoring Laboratory highlights that recovery remains a slow process. CFCs still in the atmosphere will linger for decades before fully breaking down. Bryan Johnson, a research chemist at NOAA, pointed out that the 2024 ozone concentration reached a low of 109 Dobson units, significantly below 1979 levels of 225 units.

International Monitoring and Future Prospects

NASA and NOAA will continue tracking the ozone layer closely. They will use satellite instruments and weather balloons launched from Antarctic stations to measure the ozone levels. As existing CFCs slowly degrade, scientists anticipate steady improvements, aiming for a full restoration of the ozone layer by 2066.

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who’sThat360 on Instagram and YouTube.



Anthropic Introduces PDF Image Understanding With Claude 3.5 Sonnet AI Model

Continue Reading

Trending