Timely, comprehensive, professional and accurate information and data to understand the latest information about blockchain, cryptocurrency and Bitcoin

FAMEEX Daily Highlights | Dogecoin Foundation announces new fund for core developers

2023-01-03 20:34:10

Top Trending Crypto News Today

Türkiye Will Employ Digital Identities Powered by Blockchains for Online Public Services
After the first round of CBDC testing was completed by the Turkish central bank, Türkiye unveiled a blockchain-based digital identity application. Previously known as Turkey, Türkiye intends to adopt blockchain technology for logins to its online public services.

Australia overtakes El Salvador to become 4th largest crypto ATM hub
In the last three months of 2022, Australia deployed 99 crypto ATMs, confirms data from CoinATMRadar. As of Jan. 1, 2023, Australia recorded 219 active crypto ATMs, overshadowing El Salvador by 7 ATMs at the time of writing. Australia represents 0.6% of global crypto ATM installations and, at this rate, is well-positioned to take over Asia’s crypto ATM numbers, which stand at 312 ATMs. The total number of crypto ATMs worldwide is 38,602, out of which 6,071 ATMs were installed in 2022 alone.

Dogecoin Foundation announces new fund for core developers
The Dogecoin Foundation announced a new fund for Dogecoin Core developers to promote the Dogecoin ecosystem further in the new year. On Dec. 31, the foundation stated that it is allocating 5 million Dogecoin to the new fund to support the development of the Dogecoin platform.

Daily Crypto Market Analysis - Growing and Forecast

In the last 24 hours, the long liquidations were 13.62M USDT and the short liquidations were 59.3M USDT, leaving 45.68M USDT worth of net short liquidations. The liquidation has increased significantly. After the two closely-connected holidays, investors participated more in the market.

The Fear & Greed index climbed slightly to 27, still below 30. The number has been around 25 most of the time in the last 4 months, but the number has been near 28 in the last 30 days, showing that the investors’ confidence is yet to be recovered. But on the other hand, the market has been relatively stable, instead of slipping further.

Bitcoin Ahr999 stays at 0.32, below the bottom line 0.45 and the DCA line 1.2. The numbers reflect that the bear market will last for a long time. Judging from the information above, the prices are still at the bottom zone.

In the last trading day, the 3 major US stock indexes fell a little. DJI was down by 0.22%. S&P 500 was the weakest, down by 0.25%. And the NASDAQ was the strongest, down only by 0.11%. The two main cryptos, BTC and ETH, were up by 0.64% and 1.46%.

The year 2022 finally ended. The global economy lacks momentum. It’s the worst year since the 2008 financial tsunami occurred in the US stock. The 3 years of booming market now comes to the end. The best index seen by 2022 is the DJI which has been down by 8.8%, compared with S&P 500, down by 19.4% and NASDAQ, down by 33.1%. It’s the first time people have seen such a depressing market to last 4 months since the The dot-com bubble.

In the last trading day, according to the Fed, the RRP set a new record of 2.554 trillion dollars on Friday, more than the 2.462 trillion dollars on September 30th. It reflects the regular spike at the end of the month and the investment institutes’ preference to survive the economic uncertainty with reliable fund resource.

In terms of politics and economy, St. Louis Federal Reserve Bank released a report which hinted the arrival of an economic recession. It said that more than half of the 50 states in America showed signs of slowed economic development that was an important sign of a recession. Meanwhile, the Federal Reserve Bank of San Francisco also released a report, saying that the current unemployment change indicated increasing likelihood of a recession.

Yesterday, the prices of mainstream cryptos all went up from 0.60% to 13.18%. The XRP was the weakest, up only by 0.60% while the SHIB was the strongest, up by 13.18%. The BTC and ETH were up by 0.64% and 1.46% separately.

Judging from the 4-hour timeline, supported by 16500, the BTC started to rebound several times, up to 16800, but dropped back to 16650 and was back to correction. The rising price also caused the MA7 to be higher than MA25. The moving averages were now tangled with each other without giving a clear sign of the future.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FAMEEX's official view.

Other articles
Copyright © 2022-2023 FAMEEX.COM All Rights Reserved
FameEX APPMobile trading, anytime, anywhere