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Bitcoin’s strong monthly performance translated to outsized gains in APT, GALA, T, MANA and SOL, making them the top performing altcoins in January. The rally in cryptocurrency markets started in early January with a spike in heavily-shorted altcoins and Ethereum (ETH) liquid staking derivative (LSD) tokens due to the upcoming network upgrade in March. Soon gains started to show across the board as buyers started to play catch up.  The improving macroeconomic conditions, such as reduced inflation and a stable job sector in the United States, provided additional tailwinds for the positive rally. Bitcoin (BTC) is en route to its most impressive closing for January since 2013. Its price has gained 40% year-to-date from the opening value of $16,530. Another important catalyst for January 2023’s rally was a short squeeze across the crypto market. After the FTX debacle and the lack of bullish narratives for the niche space, most investors expected growth to slow down in 2023. There are unr

On Tuesday morning, Bitcoin (BTC) dropped below the $23,000 mark in advance of the first US Federal Reserve meeting on interest rates since 2023, which is slated to take place on Wednesday.  Bitcoin dropped to $22,800, down 3% from its peak of $24,000 over the weekend. Ethereum (ETH) has also declined by 4.34 percent in the past 24 hours and is now traded at $1,568.30. Bearish Cryptocurrency Market The reason for its bearish rally, on the other hand, could be attributed to the poor crypto market sentiment, which has suffered some losses and has been unable to maintain its positive attitude.  Moving on, the upcoming Federal Reserve internet rate hike and earnings from major tech companies will have a significant impact on the crypto market. In the coming days, the market will be closely watching the earnings of major technology companies. Investors are concerned because the US Federal Reserve meeting is expected to discuss another rate hike. The consequences are visi

Access to the internet and mobile services is not as widespread as most think, and blockchain can serve as a remedy. The Web3 space is rapidly taking over the crypto world, and it could soon become part of the traditional telecom industry as well. According to the latest DappRadar industry report, Web3 platforms and blockchain-based applications attracted more unique active wallets in 2022, which skyrocketed to 2.37 million from 1.58 million in 2021. This rapid growth in popularity of blockchain-based platforms is also set to enter the telecom industry, with companies already working on innovative projects. So, what are the benefits of a Web3 telecom service? Reaching new audiences One of the main challenges for telecom service providers is managing costs and reaching audiences in countries where the main population is underprivileged. Bringing communications services to these areas of the world is important but difficult to achieve. This is where blockchain technology and an intercon

XRP is the sixth-largest cryptocurrency by market capitalization and has been on a roller coaster ride in the past year. With its price going up and down, many investors are wondering what the XRP price prediction will be and if can it reach the $5 mark this year.  In this article, we will look at the factors that could affect XRP's price and make a prediction of whether it can reach $5 or not. Ripple's lawsuit with the SEC has been a source of uncertainty for XRP holders. CEO Brad Garlinghouse is optimistic that a resolution could be determined this year or early 2023. Despite the lawsuit and the bear market, XRP, Ripple's native token, has been attempting to remain strong. Despite seeing fluctuations in XRP price, large crypto investors (aka whales) are still interested in XRP tokens.  Whale Alert Discovery: How A Recent XRP Move Could Impact The Crypto Market Whale Alert, a provider of on-chain data, reported that several whales have transferred large

Entrepreneurs have begun leveraging favorable legislation to create new cannabis markets in the metaverse. Entrepreneurs are betting on the future of the metaverse and cannabis industries. In the last decade, developments in government legislation have led to the legalization or decriminalization of Cannabis in a number of countries, municipalities and U.S. states, allowing users to fully appreciate the sacred plant in both recreational and medicinal settings. While Cannabis remains classified as a Schedule 1 drug by the United States federal government, decades of protests, scientific research and political lobbying have significantly reduced its stigma and opened the Cannabis market for commercialization efforts. Technologically, the rise of the metaverse has reinvigorated the impact of having a virtual presence. The internet and social media introduced the concept of a “virtual self” and with it, facilitated an unprecedented form of communication and interaction. The metaverse is

Over the past few days, Bitcoin and Ethereum have been experiencing choppy trading, possibly due to the Chinese Lunar New Year, as Asian investors are out on holiday. With the current market conditions, many investors are wondering if BTC and ETH could break out for 5% gains before the weekend.  In this update, we will explore the factors that could lead to a breakout and make predictions as to whether or not it is likely to happen. We will also look at how these cryptocurrencies have been performing recently and what experts are saying about their future prospects. Top Altcoin Gainers and Losers Fantom (FTM), eCash (XEC), and Polygon (MATIC) were the top performers in the last 24 hours. FTM's price has increased by more than 13.50% to $0.46, while XEC's price is up by nearly 7% to $$0.000041. At the same time, MATIC has gained just under 10% to trade at $1.09. Top Altcoin Gainers and Losers - Source: Coin360  Over the last 24 hours, Threshold (T) has droppe

Gold has seen a significant increase in value in 2023, with spot prices rising from $1,823 per ounce to the current price of $1,937 per ounce. However, Harry Dent, founder of HS Dent Investment Management, believes that this trend may not continue in the near future. Dent predicts that gold may lose value to the range of $900 to $1,000 over the next 18 months. HS Dent Founder’s ‘Everything Bubble’ Theory and Its Potential Impact on the Economy On Tuesday, Harry Dent, founder of HS Dent and financial author, spoke with Michelle Makori, the lead anchor and editor-in-chief at Kitco News. Dent expressed his belief that “the biggest crash in our lifetime” is approaching and that gold will be one of the year’s hardest-hit commodities. This perspective differs from that of many “gold bugs” who believe 2023 will be a positive year for the yellow metal. This week, economist and gold advocate Peter Schiff stated that gold’s rise in value is due to its perception as “a hedge against inflation

Equity markets began the day in the red following the latest corporate earnings reports from some of the world’s largest firms, including Microsoft. The tech giant’s recent conference call was considered disap point ing, and earnings from firms such as Boeing, Texas Instruments, and 3M were also lackluster. Gold and silver prices were down between 0.43% and 0.72% on Wednesday, and the cryptocurrency economy dropped 2.79% against the U.S. dollar in the past 24 hours. Concerns of US Recession Mount as Corporate Earnings Disappoint After a couple of bullish weeks, stocks, precious metals, and cryptocurrencies were down on Jan. 25, 2023. As investors awaited the next U.S. Federal Reserve meeting, the state of the U.S. economy showed a great deal of weakness. Earnings reports from Microsoft, Union Pacific, Texas Instruments, and others on Wednesday indicated that the economy was not improving and added to lingering concerns about a potential U.S. recession. All four benchmark stock index

Join Our Telegram channel to stay up to date on breaking news coverage Ravencoin price continues to paint a bullish picture even as analysts warn of an impending pullback, especially for the largest cryptocurrency Bitcoin. The ardent investor is aware that global markets are looking forward to the decision on interest rate hikes by the United States Federal Reserve (Fed) at the end of January. Market watchers expect the regulator to keep increasing interest rates as a weapon against worrying inflation levels – a situation likely to stifle price recovery. Tokens like RVN have rallied extensively over the last three weeks, with Ravencoin price increasing by 16% in a week, 31% in 14 days – cumulatively bringing the 30-day growth in value to 44%. Can Ravencoin Price Resume Rally To $0.07? Ravencoin price is doddering at $0.0281 at the time of writing, although this follows a 2.5% retracement in 24 hours. Intriguingly, RVN’s trading volume from different markets is up 351% to $60

A Washington, D.C., townhome tied to FTX co-founder Sam Bankman-Fried has been listed on the market for roughly $3.28 million. The property was purchased by Bankman-Fried’s brother’s nonprofit, Guarding Against Pandemics, for the same price it is selling for today. FTX Co-Founder’s Luxury Property Suspected to Have Been Used for Wining and Dining Political Elite in the Name of ‘Pandemic Prevention’ According to the New York Post reporter Mary K. Jacob, a four-bedroom Washington townhome associated with the disgraced FTX co-founder Sam Bankman-Fried (SBF), is now listed on the market. The luxury 4,100-square-foot property is selling for $3.28 million and was originally purchased by Gabe Bankman-Fried’s nonprofit, Guarding Against Pandemics. Jacob detailed that just before FTX collapsed, the Washington home hosted two parties specifically for bureaucrat donors. Photos taken by Pearson Smith Realty. Realtor.com also reported on a Washington townhome listing, a Victorian brownstone bui

Join Our Telegram channel to stay up to date on breaking news coverage Tech Hustler recent review of the new M2E project FightOut and its native token FGHT, on his YouTube channel which has 129,000 subscribers. Individuals are encouraged to maintain a fit and healthy lifestyle, as well as participate in physical exercise and earn cryptocurrency at the same time through the FightOut platform. FightOut Overview by Tech Hustler The FightOut is much more than just an application and a move-to-earn cryptocurrency platform. You will earn cryptocurrency while you work out, and the workouts will involve more than just running and walking. In addition, while you work out, your avatar will be able to work out in the metaverse at the same time, and you will even be able to train your avatar to fight in the metaverse. Follow the official FightOut Twitter page for up-to-the-minute information regarding the FightOut Twitter Spaces AMA, which will take place on January 26 at 4:30 p.m. UTC.