Crypto News
Bitcoin Registers 14 Green Hourly Candles, Longest Streak Since 2017
Many traders were watching the bitcoin (BTC) price action during European hours on Friday, slightly confused and for good reason.If you look at the candlesticks chart for BTCUSD pair on Coinbase, you would see fourteen green hourly candles, which means in the last 14 hours bitcoin scored gains in each hour.The hourly candles comes as BTC price has gone up from $91,771 to $95,283. The trend started on Jan. 9 at 21:00 UTC and has worked its way until 10:00 UTC on Jan. 10. The unusual price chart has left traders on X perplexed.Vetle Lunde, Senior analyst at K33 Research, put together data points on when this last happened. This is currently the longest hourly green candle streak since...
Exploring Leading AI Models for Conversation Intelligence
Discover how AI models like Speech-to-Text, Audio Intelligence, and LLMs are revolutionizing conversation intelligence platforms, enhancing lead conversion and customer engagement. (Read More)Source link
Sentiment Readings Favor Dogecoin Gains as Cardano’s ADA Leads Market Bump
Weakness in bitcoin (BTC) has deferred to other crypto majors from Solana’s SOL to memecoin dogecoin (DOGE), data suggests current levels could prove ripe for risk-on traders.“Crypto's top meme coin Dogecoin has been extremely quiet outside of a temporary run-up at the beginning of the year,” analytics firm Santiment wrote in a Thursday report, citing social metrics and sentiment based on online chatter. “Since its top exactly one month ago, Dogecoin has shed -28% of its market cap. Crowd sentiment has been near its lowest point over the past year. (This) means there is actually some nice upside to be a daring contrarian toward DOGE (in particular) if crypto markets begin to trend upward again,” the firm added, with crowd...
Exploring the Impact of LLM Integration on Conversation Intelligence Platforms
Discover how integrating Large Language Models (LLMs) revolutionizes Conversation Intelligence platforms, enhancing user experience, customer understanding, and decision-making processes. (Read More)Source link
U.S.-Listed Bitcoin Miners Accounted for 25% of Global Network in December: Jefferies
U.S.-listed bitcoin (BTC) miners accounted for 25.3% of the global network in December, Jefferies said in a research report on Thursday.The bank cut its price target for MARA Holdings (MARA) to $20 from $24, while maintaining its hold rating on the stock. The shares rose 0.5% to $18.43 during early trading Friday.Mining profitability improved in December as the average price of bitcoin gained 15%, outpacing the increase in the network hashrate, which was 6.5% higher, the report said.The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain and is a proxy for competition in the industry and mining difficulty.Average daily revenue was $59,585 per exahash, a 7.1% increase from November, Jefferies...