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FAMEEX Daily Highlights | Ava Labs Partners With Amazon Web Services to Accelerate Blockchain Adoption

2023-01-12 18:24:35

Top Trending Crypto News Today

According to Bitcoin Miner Northern Data Production Rose by 315% Year Over Year in 2022
Northern Data AG claims that it mined 2,798 BTC in total in the fiscal year 2022, a considerable rise of 315% from the year before. In the fiscal year 2022, this resulted in BTC mining revenues of EUR 77.7 million. The 3,005 BTC that were mined and sold in 2022 had an average sale price of EUR 23,849.

FTX has recovered over $5B in cash and liquid crypto: Report
According to FTX attorney Andy Dietderich, the troubled cryptocurrency exchange has “recovered $5 billion in cash and liquid cryptocurrencies.” However, the exchange is still “working to rebuild transaction history,” and the total amount of customer shortfall is “still unclear.” The recovered assets do not include those seized by the Securities Commission of the Bahamas, which largely comprises the exchange’s native token, FTX Token FTT, which has a total market capitalization of $444.7 million at the time of publication.

Ava Labs Partners With Amazon Web Services to Accelerate Blockchain Adoption, AVAX Jumps 16%
According to Ava Labs, the company behind the blockchain network Avalanche (AVAX), the firm has partnered with Amazon Web Services (AWS) to “accelerate enterprise, institutional, and government adoption of blockchain.” The team published the announcement on Jan. 11, 2023, and said that AWS will support the Avalanche network and decentralized application (dapp) ecosystem.

Daily Crypto Market Analysis - Growing and Forecast

In the last 24 hours, the long liquidations were 29.64M USDT and the short liquidations were 127.947M USDT, leaving 98.307M USDT worth of net short liquidations. The liquidation increased significantly yesterday, plus that the average liquidation of the last week has increased a lot compared to that of the last 2 months. It’s safe to say that the market is recovering, even though it’s not back to the level of the last November.

The Fear & Greed index climbed to 26, still below 30. The number has been around 26 most of the time in the last season, 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 climbed to 0.37, the highest of the last 2 month, below the bottom line 0.45 and the DCA line 1.2. The numbers reflected that the bear market would last for a long time. Judging from the information above, the prices were still at the bottom zone.

In the last trading day, the 3 major US stock indexes all rose. DJI was the weakest, only up by 0.80%. S&P 500 was up by 1.28%. And the NASDAQ was the strongest, up by 1.76%. BTC and ETH, were up by 4.67% and 5.19%.

The Fed will hold its next conference fro
m Jan. 31st to Feb. 1st. Susan Collins, president of the Federal Reserve Bank of Boston, revealed on Wednesday that she supports raising the interest rate by 0.25%, but they would rely on the data to appraise the outcome. A small rise of the interest would allow the Fed to be more flexible.

Investors are waiting to see the key economic data on Thursday, which may decide how much the Fed will raise the interest rate.

The market expected that the annual increase rate of the CPI would be further lowered to 6.5%, and the core CPI increase rate would be down to 5.7%. The decrease of the inflation leads investors to believe that there will be less hawk ideas in the Fed.

Yesterday, the prices of mainstream cryptos all increased, from 2.86% to 7.06%. The SOL was the weakest, up only by 2.86%, while the XRP was the strongest, up by 7.06%. The BTC and ETH were up by 4.67% and down by 5.19%.

Judging from the 8-hour timeline, the BTC price has been rising since it met the support of 16333 on December 30th. It now has hit 18000. The moving averages indicate that the long side has got the upper hand in the short, medium and the long term. The trading volume is also increasing, offering more momentum to the long side. The price is about to face the resistance 18388 on December 15th, which was also a significant pressure zone in the third season of the last year.

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

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