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Bitcoin for $ 50,000! Stablecoin stocks at record high, futures market is overheated
BTC price has reached its new all-time high above the $ 50,000 levels.

After a minor pullback on January 15, bitcoin bulls bounced back today as the BTC price reached its new all-time high above the $ 50,000 levels. Bitcoin is currently trading up 5.32% to $ 49,637 with a market cap of $ 920 billion.
Some of the network indicators suggest that Bitcoin is likely to grow further. According to CryptoQuant data, stablecoin reserves for all exchanges have reached an all-time high.

Why Ethereum Could Rise To $ 2,000 If It Brought $ 1,850
Ethereum managed to stay stable above $ 1,750 against the US dollar.

Ethereum fell hard below the $ 1800 and $ 1750 support levels. ETH price even dropped below the $ 1,700 level and the 100-hour simple moving average.
A minimum of about $ 1,665 was formed and the price started to rise again. There was a break above the $ 1,750 resistance level and the 100-hour simple moving average.
Ether was able to rise above $ 1800, but did not exceed $ 1850. A high of around $ 1835 was formed and there was a slight drop recently. The price corrected below the $ 1800 level. There was also a break below the 23.6% Fibonacci retracement of the recent wave from the swing low of $ 1665 to the high of $ 1835.

Dogecoin Price Falls As Elon Musk Offers Sellers "Full Support"
Tesla is now offering "full support" to large holders looking to sell their coins.

Elon Musk, who was also briefly nominated as CEO of Dogecoin, openly declared his support for the digital asset even before it turned into Bitcoin. Musk also added that he is willing to "pay a real dollar amount if they just cancel their bills."
Following a tweet from Tesla CEO, DOGE's value fell nearly 26% from $ 0.0639 to $ 0.0471, indicating an increase in sales. However, the price suddenly reversed and is currently trading at $ 0.0580.

Decentralized Exchange Built Using ZK-Rollup Technology Launches on Ethereum
wap, a decentralized exchange built on ZK-Rollup technology, launched its mainnet as a Layer 2 protocol on the Ethereum network.

L2Lab, the team behind DEX, went live on January 14, a few months after the introduction of the testnet in November. The firm has raised a $ 1.7 million investment round backed by Bixin, SNZ, FBG, and Longling Capital.

Bitcoin Miners Received $ 354M Revenue Last Week, Setting 2017 Record
Mining revenue last week surpassed the previous record set in mid-December 2017.

Bitcoin miners set a new record for weekly revenue, earning $ 354.4 million last week.
Mining revenue was boosted by the performance of the leading cryptocurrency last week after a series of positive developments that culminated in Bitcoin hitting a new all-time high over the weekend - just under $ 50,000.

ARK Invest increases its GBTC assets to over 7 million shares
According to recent regulatory filings, active fund manager ARK Invest has acquired more shares of Grayscale Bitcoin Trust.

Known as one of the hottest hands on Wall Street, ARK Katie Wood has quadrupled its assets under management, thanks in part to its bets on fast-growing tech companies like Tesla and Bitcoin. Indeed, according to The Wall Street Journal, its Ark Innovation fund has generated an average of 39% per annum since its launch in 2014.

$ 1.7 Billion Crypto Liquidation Occurs After Bitcoin Drops Below $ 46,000
The market cleared out traders with an excessively leveraged environment as a result of a sudden move downward before recovering on the afternoon of January 15th.

Altcoin traders have lost more than $ 1.7 billion in the last day as crypto markets were hit by high funding rates and over-leveraged trading. Bitcoin momentarily fell below $ 46,000, while some altcoins fell more than 40% in two days.
Data from the Bybt markets tool showed that Bitcoin traders only lost $ 500 million, Ethereum traders lost over $ 300 million, and XRP traders lost $ 74 million.

Uniswap Trades Volume Reaches $ 100 Billion, Significant Milestone for DeFi
Uniswap became the first decentralized exchange to reach $ 100 billion in trading volume.

The aggregate trading volume of automatic market maker Uniswap exceeded $ 100 billion. It is the first decentralized exchange to reach such a milestone, as noted in a recent tweet by Hayden Adams, the protocol's founder.
Uniswap crossed the $ 50 billion milestone in mid-December. Last month, he began to effortlessly register $ 1 million a day.

source by HOT CRYPTO NEWS

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