Binance CEO Changpeng "CZ" Zhao on Wednesday said deposits are coming back to the crypto exchange. The FUD surrounding Binance facing FTX contagion and the DOJ probe caused massive withdrawals from the crypto exchange in the last few days. The investors panicked and sold or transferred their crypto holdings from Binance.
Bitcoin’s price closed above the $17k level for the fifth consecutive day and when trading concluded for Monday, BTC’s price was +$119.
The BTC/USD 1W chart by Blorenz is the first chart we’re delving into for this Tuesday. At the time of writing, BTC’s price is trading between the 0.5 fibonacci level [$14,528.63] and the 0.618 fib level [$20,880.50].
The dollar climbed on Monday after data on Friday showed U.S. producer prices had risen more than expected last month, pointing to persistent inflationary pressures and a chance the Federal Reserve would keep interest rates higher for longer.
Bitcoin (BTC) stayed higher after a $17,000 liquidity grab on Dec. 9 as traders targeted further upside.
A few days ago, there was a sharp drop in the difficulty of Bitcoin mining.
This drop reduced the cost of mining because it reduced the volume of calculations required on average to mine individual blocks.
Binance US has announced that it has expanded its “zero fee price model” to Ether (ETH) effective immediately.
Users can connect with their laptop/phone, and it supports various cryptos and NFT.
South African environmental campaigning organisation Earthlife Africa has been calling for more renewable power in the country for some time.
Enel's Francesco Starace said bringing prices down depends on new sources of energy such as renewables and heat pumps.