Bulls buy Bitcoin's $35,000 support retest as altcoins push higher...
One week in review:
Jan. 10–16 We've selected the hottest materials of the past week for you to stay up to date with the latest crypto news: | | #1. Bulls buy Bitcoin's $35,000 support retest as altcoins push higher | | | The crypto markets have been a rollercoaster ride this week — with Bitcoin's price falling by more than $10,000 to lows of $30,549.60 on Monday. | | | Analysts maintained that the correction was "healthy and necessary," with the sharp sell-offs prompting the total crypto market cap to fall by more than $200 billion. | | | And indeed, Bitcoin refused to die. Just three days after the sudden downturn, BTC reached $40,000 on Coinbase once again, amid fresh evidence of new large buys on exchanges. | | #2. DOT flip: Polkadot overtakes XRP to become the fourth-largest cryptocurrency | | | DOT has flipped Ripple's XRP in terms of market capitalization following a massive gain of 29% over the past 24 hours. This makes it the new fourth-largest cryptocurrency, with a market cap of $15.6 billion at the time of writing. Over the past week, DOT has surged by an impressive 83.26%. | | | The most recent update, which may be driving momentum, was the launch of its Rococo parachain testnet, which went live in late December. | | | Other factors driving momentum include the issues with DeFi on Ethereum as demand for scaling intensifies. | | #3. Programmer has two password guesses left to avoid losing $262 million in Bitcoin | | | One man told The New York Times that he has forgotten the password to a hard drive holding 7,002 BTC — a crypto haul that's worth a jaw-dropping $262 million at the time of writing. | | | Stefan Thomas has just 10 guesses before the hard drive is encrypted forever… and so far, he has used eight of these attempts to no avail. | | #4. Prediction of the Week Pantera Capital CEO doubles down on $115,000 Bitcoin prediction for 2021 | | | Dan Morehead has maintained his bullish prediction for 2021, with the Pantera Capital CEO claiming that Bitcoin is on track to have surged 800% by August and hit $115,000. | | | The exec initially made this prediction in August 2020, when Bitcoin was trading at about $11,600. At the time of writing, it is now worth $37,000. | | #5. FUD of the Week British financial adviser calls on the government to ban crypto transactions | | | Neil Liversidge started a petition urging local financial authorities to stop Bitcoin payments in the United Kingdom. | | | He argued that digital assets have no intrinsic value, adding they can have a "destabilizing influence on society, and are often used for criminal activity." | | | In an interview with Professional Adviser, Liversidge urged retail investors to cash out immediately, adding: "If the UK government takes a lead by banning transactions on cryptos as my petition requests, that will set off a chain reaction, crashing cryptos overnight." | | | Liversidge needs 10,000 signatures for a response from the government. At the time of writing, he's got just 112. | | #6. FUD of the Week Ledger owners report chilling threats after 20,000 more records leaked | | | Ledger users are receiving threatening emails in the wake of the hardware wallet manufacturer reporting that 20,000 more of its customers have been affected by another massive data breach. | | | One Reddit user said his father, who owns a Ledger wallet, received a message including his name, home address and phone number. The extortionist demanded 0.3 BTC or 10 ETH, worth roughly $12,000, or he would face physical violence. | | | The Redditor wrote: "I know that those scammers sending emails by hundreds are just trying their luck by creating fear, but when it comes to the safety of your family it's another story." | | | Feel free to explore the most important news with Hodler's Digest: | | | |
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