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January 24, 2023

5 On-Chain Factors Suggest Bitcoin's Bull Run Could Have Started: Analysis

Shortly after Santiment informed that the supply of bitcoin held on centralized exchanges had dropped to a multi-year low, CryptoQuant outlined the movements between different types of trading venues as the first positive sign for BTC. More precisely, the analysts believe the transfers of assets from spot to derivatives platforms show that traders have entered a "risk-on" mode, which suggests "the beginning of a new bull cycle."

Genesis Claims $5.1B in Liabilities in First-Day Bankruptcy Filing

Crypto lending firm Genesis held $5.1 billion in liabilities in the weeks following its freeze on withdrawals last November, according to bankruptcy court documents signed by interim CEO Derar Islim. In his first-day motion in the U.S. Bankruptcy Court for the Southern District of New York, Islim provided a breakdown of Genesis' financial state heading into its restructuring. Genesis became the latest crypto firm caught up in the immediate fallout of FTX's implosion, with three of its entities Genesis HoldCo, Genesis Global Capital LLC and Genesis Asia Pacific PTE. LTD' filing for Chapter 11 bankruptcy protection late Thursday.

Bitcoin Mining Became Greener and More Efficient in 2022

Despite much turmoil in 2022, the Bitcoin mining industry's hashing technology only continued to grow more efficient throughout the year, according to a new survey from the Bitcoin Mining Council (BMC). The industry also grew marginally greener, retaining a sustainable energy mix of over 58%.

Here He Goes Again - Bitcoin is "Hyped-Up Fraud" Says JPMorgan's Jamie Dimon, But Blockchain is "Deployable"

"I think all that is a waste of time, and why you guys waste any breath on it is beyond me," said Dimon in the interview on the sidelines of the WEF. "Bitcoin itself is a hyped-up fraud. It's a pet rock."

This is not the first time Dimon has publicly shared his skepticism towards the crypto industry. He has been vocal about his negative views on digital assets since 2017, when he first referred to Bitcoin as a "fraud."

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Rich Dad Poor Dad Author Robert Kiyosaki is Buying More Bitcoin at Current Prices, Here's Why

"I am very excited about Bitcoin. Why? Because Bitcoin is classified as a commodity much like gold, silver, and oil. Most crypto tokens are classifed as a security and SEC regulations will crush most of them. I am buying more BTC."

Bitcoin Whales Activated, Major Influencer Sees Bitcoin Soon Touching $25k to $30k

On January 11, Armstrong published an article discussing his expectation that the price of Bitcoin will skyrocket in 2023. On the other hand, the controversial Youtuber claimed that the most popular crypto currency might not achieve a new all-time high (ATH) during this calendar year.

Bitcoin Price Moving To $65K? Here's What On-Chain Data And Analysts Suggest

Bitcoin price records a massive rally last week due to a technical breakout, as reported earlier by CoinGape. The BTC price trend was able to build momentum and surpassed the psychological level of $20K.


Barely a week into 2023, and I've seen Anthony "Pomp" Pompliano debate Michael Shellenberger and Joe Rogan interview Peter Zeihan. While these media impressions may seem unrelated, a common thread is sewn between the two: experts in different fields confidently professing uninformed opinions on Bitcoin.