Latest news and news from today about Bitcoin (BTC) and the current price
January 21, 2023 – Bitcoin surges above $23,000
Bitcoin has known only one direction since the beginning of the year and briefly broke through the $23,000 mark. The price is currently at its highest level since September 2022.
Investors seem to be re-entering the crypto market due to the lower inflation figures from the USA. They are hoping for a more relaxed interest rate policy from the US Federal Reserve. They are eagerly awaiting the next FOMC meeting, where the central bank will announce further action and possible further rate hikes. She is hoping for a somewhat more relaxed interest rate policy from the US central bank. The meeting will take place on Wednesday, February 1 , at 8:00 p.m. German time.
Bitcoin recorded a price gain of almost eleven percent in a weekly comparison. Since the beginning of the year, the oldest cryptocurrency has so far increased by almost 40 percent. According to the analysis house Coinmarketcap, Bitcoin is currently trading at around $22,750. (as of 12:11 p.m.)
January 20, 2023 - Genesis files for bankruptcy
Crypto lender Genesis files for bankruptcy. The company is part of venture capital firm Digital Currency Group (DCG). Bankruptcy is a problem for the Winklevoss twins because their crypto company, Gemini, has partnered with Genesis for the crypto program Earn. This enabled customers to earn interest on crypto deposits through so-called lending.
Gemini customers were able to lend selected tokens to crypto broker Genesis, which in turn passed them on to hedge funds. Customers were promised interest rates of around seven percent. Most recently, the US Securities and Exchange Commission filed a lawsuit against Winklevoss' company for violating the securities law with the interest rate program.
January 14, 2023 – FTX founder fuels hope for creditors
Sam Bankman-Fried shares a link to a blog post on Twitter. There, the FTX founder describes how, in his opinion, the fall of what was once the third-largest crypto exchange in the world came about. At the same time, he gives investors hope to see their money again. The US division of FTX is "completely solvent". Bankman-Fried also summarizes the assets of the American subsidiary in a table based on estimates. The access had been withdrawn from him in the course of the bankruptcy and criminal proceedings. Customer deposits are therefore covered one to one in the amount of 350 million dollars.
January 12, 2023 – US inflation falls to 6.5 percent in December
US inflation came in as expected at 6.5 percent in December, falling for the sixth straight month. The new data are fueling hopes that inflation in the world's most important economy has finally peaked. Many market participants are hoping that this development could give the US Federal Reserve leeway for a somewhat more relaxed interest rate policy.
