• Twitter has been looking for new sources of revenue, and crypto and Dogecoin (DOGE) could be part of its plan.
• The company is reportedly focused on enabling payments on its platform under the leadership of Esther Crawford.
• Elon Musk is a big proponent of Dogecoin, and any plans to incorporate payments on Twitter could boost the cryptocurrency’s adoption rate.

Twitter’s New Revenue Strategy

According to a report from the Financial Times (FT), Twitter has been seeking out new sources of revenue as it attempts to turn around its business. The company has submitted petitions for regulatory licenses in the United States, with one critical element being expanding payment options on its platform under CEO Esther Crawford’s direction. As part of this larger strategy, Crypto and Dogecoin (DOGE) may become part of Twitter’s newly developed revenue model.

Elon Musk’s Plan

Elon Musk acquired Twitter last year in a multi-billion-dollar deal, but since then many advertisers have left the platform resulting in a decrease in its overall income. To counteract this trend, Musk has launched a subscription service and continues to search for alternative means to increase their profits. This includes introducing peer-to-peer transactions with bank accounts or debit cards that are part of his “master plan” known as the “everything app” which will allow users to message contacts, shop, and make payments all within one platform.

Dogecoin Adoption

As an avid supporter of Dogecoin, any plans by Musk to include payment options using DOGE would inevitably increase its adoption rate among users of Twitter’s services. As such DOGE saw a 5% spike in price action but failed to break critical resistance levels at the time of writing However despite recent losses DOGE still saw an all-time high earlier this year due largely in part due to campaigns spearheaded by Elon Musk himself as well as other prominent personalities associated with cryptocurrencies like Bitcoin (BTC).

Potential Impact

Should these plans come into fruition it would not only usher in a new era for Dogecoin but also potentially allow it reclaim lost territory amongst other popular cryptocurrencies such as Bitcoin (BTC). It should be noted however that while there is much speculation surrounding what might come from this partnership between Elon Musk and Twitter no concrete details have yet been revealed so investors should proceed with caution when contemplating buying into DOGE at this time or any other cryptocurrency for that matter.

Conclusion

In conclusion it appears that Twitter is gearing up towards launching their own payments system complete with cryptocurrency options including Dogecoin (DOGE). While any potential impact cannot truly be predicted until further details about these plans are revealed investors should nevertheless exercise caution until more concrete information becomes available regarding this potential partnership between Elon Musk and Twitter.

• Bitcoin mining difficulty has reached a new all-time high.
• The adjustment is one of the largest positive adjustments this year.
• This could affect the price of BTC as it continues to hold above $23,000.

Bitcoin Mining Difficulty Reaches New High

On Sunday, January 29th, the bitcoin mining difficulty underwent a 4.68% adjustment that saw the difficulty shoot up to 39.35 terahash per second on a seven-day basis. This puts the difficulty above its previous high of 37.59 TH/s which was recorded on January 16th, and is one of the largest positive adjustments for the year so far.

Forecasts For Next Adjustment

The next difficulty adjustment is expected to take place on February 11th with forecasts set at an upward 3.63%, potentially putting the difficulty at a new all-time high. Over the last 30 days alone, Bitcoin’s mining difficulty is already up more than 11%.

Will This Affect The BTC Price?

Despite seeing a drawdown over the last day due to resistance at $24,000 and additional selling pressure caused by this adjustment, Bitcoin remains firmly in a bullish trend as long as it holds above its 100-day and 200-day moving averages at $23,000 or above.

Competition Is Good For Bitcoin

The competition caused by this increase in mining difficulty is good for Bitcoin since not only does more miners help secure it but also increases demand for digital assets due to miners needing higher hash rates to mine efficiently with lesser rewards than before.

BitStarz Player Lands Record Win!

As an example of how rewarding Bitcoin can be despite increased competition in mining, BitStarz Player recently landed an impressive win of $2459124! These kinds of wins are possible despite increased mining difficulty as long as prices remain high and stable on both sides – buyers and miners alike!

• Hayden Adams, the founder of Uniswap, believes that people who wish for crypto to be shut down are „incredibly cringe.“
• He recommends that those opposed to crypto should let people do what they want and chill, rather than trying to shut down the global fiat system.
• The anti-crypto sentiment is largely lead by Billionaire Warren Buffet and economist Nouriel Roubini.

Cryptocurrency has been gaining traction over recent years, with more and more people turning to digital currencies to invest and to make purchases. However, not everyone is a fan. There are those who have adopted the anti-crypto sentiment and are actively trying to shut down the industry.

Hayden Adams, the founder of Uniswap, has expressed his thoughts on the anti-crypto movement, calling it „incredibly cringe“. In a tweet on January 26, Hayden emphasized that no one is forcing anybody to use crypto, buy coins, or keep up with the latest events in the industry. He also added that no one is asking for the „dumb“ global fiat system to be shut down either.

Instead of opposing technology and infringing on people’s rights, Hayden has suggested that those who are against crypto should just let people do what they want and chill. He believes that this is the best way to tackle the no-coiners, those who are opposed to crypto and hold no coins or show no desire to participate.

The anti-crypto sentiment is largely lead by Billionaire Warren Buffet and economist Nouriel Roubini, nicknamed Dr. Doom. In the aftermath of the FTX collapse, while attending the Abu Dhabi Finance Week, Nouriel said Binance’s CEO, Changpeng Zhao, was a „ticking time bomb,“ and he was surprised that Binance had not been shut down yet.

It is clear that Hayden Adams is not a fan of those wishing to shut down the cryptocurrency industry, and has called for those with opposing views to just let people do what they want and chill. He believes that this is the best way to tackle the no-coiners and to ensure that the crypto industry is allowed to thrive. With more and more people turning to digital currencies, it is clear that the industry will continue to grow and evolve, despite the anti-crypto sentiment.

• Rocket Pool’s native token, RPL, surged by 55% after being listed on Binance, the world’s largest cryptocurrency exchange.
• The token is paired against USDT, the stablecoin issued by Tether Holdings, and BUSD.
• RPL had previously been listed on exchanges within the US, including Huobi, Coinbase, Kraken, and MEXC Global.

The Rocket Pool project has been continuing to gain more and more attention recently, with the native token RPL surging by 55% after being listed on the world’s largest cryptocurrency exchange, Binance. This listing opens up the token to more liquidity, allowing traders and investors who may not be familiar with the intricacies of DeFi trading to purchase the token.

Prior to the Binance listing, RPL had been listed on decentralized exchanges such as Uniswap, Bancor, and Balancer. These DEXs provide traders with the ability to trade in a trustless, secure, and automated way. In addition to these DEXs, RPL had also been listed on several exchanges within the United States, including Huobi, Coinbase, Kraken, and MEXC Global.

The tokens are paired against USDT, the stablecoin issued by Tether Holdings, which is also the most liquid in crypto circles, and BUSD. After the surge registered earlier today, data showed that the project’s market cap is $675.1 million, and RPL is up 9% versus the USDT. At the same time, it outperforms bitcoin (BTC) and ethereum (ETH), adding roughly 10% versus the top most liquid cryptocurrencies.

The listing on Binance is expected to continue to drive up the value of RPL and provide more liquidity for traders and investors. As the DeFi space continues to grow, more projects such as Rocket Pool are expected to benefit from increased visibility and liquidity provided by the leading cryptocurrency exchanges. The hard work of the Rocket Pool team is paying off and the project is continuing to gain more and more attention.

• Solana rallied over 20% and surpassed $15 against the US Dollar.
• There was a break above a major bearish trend line with resistance near $10.20 on the 4-hours chart of the SOL/USD pair.
• The price is now trading above $15 and the 100 simple moving average (4-hours).

Recently, the price of Solana (SOL) surged significantly against the US Dollar, surpassing the $15 mark. This impressive rally was the result of a break in a major bearish trend line which had been in place on the 4-hours chart of the SOL/USD pair.

The SOL/USD pair had been trading in a bearish zone for some time, with the price falling below $12.50 and $10 support levels. This bearish pressure dragged the price down to as low as $7.96, from which it started a fresh increase.

First, the price broke above the $10 and $12 resistance levels and then a major bearish trend line with resistance near $10.20 on the 4-hours chart of the SOL/USD pair. This break opened the doors for more gains and the price moved above the 23.6% Fib retracement level of the upward move from the $12.87 swing low to $16.77 high.

The price is now trading above $15 and the 100 simple moving average (4-hours). This is a very positive sign and could be the beginning of more gains in the near future. Above the current levels, an immediate resistance is near the $16.80 level. The first major resistance is near the $17 level. If the price breaks above this resistance, it could rise towards the next major resistance at $18.

On the downside, the price must stay above the $14.50 and $14.10 support levels to continue higher. If the price fails to stay above these levels, it could decline back towards the $12.50 and $10 support levels.

• 2022 is set to be the second worst year for Bitcoin since 2011, with a year-to-date (YTD) performance of -65%.
• According to Arcane Research, the crypto winter was fueled by tightening macroeconomic conditions and crypto-specific leverage, as well as poor risk management.
• Arcane Research predicts that Bitcoin will trade in a mostly flat range in 2023, but finish the year with a higher price than it started.

The year 2022 is shaping up to be one of the worst years for Bitcoin since its inception in 2011, with a year-to-date (YTD) performance of -65%. This performance is only topped by 2018, when the price of Bitcoin lost -73% in one year. According to a year-end report from Arcane Research, physical gold (-1% YTD) has significantly outperformed digital gold, Bitcoin, in a period of high inflation. This has led the analytics firm to conclude that the ‘digital gold’ narrative was premature.

The report further explains that the ‘crypto winter’ of 2022 was fueled by tightening macroeconomic conditions and crypto-specific leverage, as well as poor risk management by core market participants. As a result, Bitcoin followed the US equity markets closely, with only two distinct events in 2022 which led to significant underperformance – June (3AC, Celsius etc.) and November (FTX).

Looking ahead to 2023, Arcane Research believes that contagion effects will “probably” continue in the early stages of the year, however they predict that the majority of the year will be less frantic and more uneventful compared to the last three years. As such, they anticipate that Bitcoin will trade in a mostly flat range in 2023, but will end the year with a higher price than it did at the start.

• Algorand price has been on a downward trend for the last few months, losing 1.8% in the past 24 hours.
• The coin has lost 4.7% in the past week and has failed to break the $0.28 price floor.
• The market capitalization of Algorand has seen a considerable decline, indicating that sellers have taken control of the market.

Algorand (ALGO) has been on a downward trend for the last few months, with its price dropping 1.8% in the past 24 hours. Algorand has lost 4.7% in the past week and has failed to break the $0.28 price floor. This price floor acted as a crucial level for the altcoin, but the consistent lateral trading has pushed the bulls out of the market. The technical outlook has sided with the bears, with no clear indication of the price turning around in the coming trading sessions. The market capitalization of Algorand has seen a considerable decline, indicating that sellers have taken control of the market.

Ever since ALGO lost the $0.28 price level, the coin has been unable to stop its downtrend. The coin had been consolidating on its chart over the last few weeks, but the lateral trading has pushed the buyers out of the market. The coin has also remained unaffected by positive changes in major market movers‘ prices. Since the altcoin was rangebound for a while, buyers lost interest and rushed to sell the altcoin. Algorand has lost over 30% in the month of December itself.

At the time of writing, the ALGO price is 96% below its all-time high from 2021. The coin was priced at $0.166 at press time. The immediate resistance for the altcoin was at $0.172. The coin has attempted to test the overhead price ceiling, but the bearish strength has taken over the market. Since demand for Algorand has fallen substantially, the altcoin can fall to $0.163 before the bulls can make a comeback.

The coin is currently trading below its 50-day moving average, and the MACD indicator shows that the coin is in a bearish territory. The RSI indicator has also dipped below 40, which is a bearish sign. The coin needs to break the $0.17 price level soon to turn the tide in its favor.

Overall, the coin has not been able to make a substantial recovery in the last few months. A break above the $0.17 price level is essential for the bulls to take control of the market. Until then, the coin is likely to remain in a bearish territory.

• Bitcoin price has finally shown signs of life, although to the downside, which may be the dominant direction in 2023.
• The cryptocurrency is currently trading at $16,600 with a 1% loss in the last 24 hours.
• Historically, the first month of the year is among the worst performers for Bitcoin, with the cryptocurrency trading in the red for 60% of its monthly performance during January.

The Bitcoin price has finally shown signs of activity, although the direction appears to be towards the downside. After being stuck at a single level during the holidays, the cryptocurrency is now trading at $16,600 with a 1% loss in the last 24 hours. Across the cryptocurrency market, red is the predominant colour, with many assets following BTC into the downside.

Despite this bearish momentum, the bulls may have difficulty pushing the price beyond local resistance at around $17,500 and $19,200, which used to serve as critical support. Historically, the first month of the year has been one of the worst performers for Bitcoin. Since 2013, the cryptocurrency has traded in the red for 60% of its monthly performance during January.

This period is also known to see a spike in volatility, which often favours the selling side. This is due to the decline in trading volume due to the holiday season, which is poised to change in early January when market participants return to active trading.

With these factors in mind, it’s important for traders to be aware of the potential for sudden changes in the Bitcoin price. By taking precautions such as having a risk management plan in place, traders can protect themselves from the volatility that often comes along with the first month of the year.

• Bitcoin price is still trading in a range below the $17,000 resistance.
• There was a break below a major bullish trend line with support near $16,840 on the hourly chart of the BTC/USD pair.
• The pair could decline further if there is a clear move below the $16,550 support zone.

The cryptocurrency market has been in an exciting state as of late, with Bitcoin price continuing to remain in a range below the $17,000 resistance. Currently, the price is trading below $16,800 and the 100 hourly simple moving average. Recently, there was a break below a major bullish trend line with support near $16,840 on the hourly chart of the BTC/USD pair. If the current trend continues, the pair could decline further if there is a clear move below the $16,550 support zone.

Bitcoin made another attempt to clear the $17,000 resistance zone but failed to gain enough momentum to make a decisive move. As a result, the price has been trading in a range below the resistance level. However, the bulls managed to defend the $16,800 support and the 100 hourly simple moving average, preventing any major decline.

Unfortunately, the bears were able to take control and drive the price below the $16,840 support level. There was also a break below a major bullish trend line with support near $16,840 on the hourly chart of the BTC/USD pair. As a result, the pair tested the key $16,550 support zone. A low is formed near $16,561 and the price is now consolidating losses. It tested the 23.6% Fib retracement level of the downward move from the $16,962 swing high to $16,561 low.

On the upside, an immediate resistance is near the $16,720 zone. The first major resistance is near the $16,800 zone and the 100 hourly SMA. It is close to the 61.8% Fib retracement level of the downward move from the $16,962 swing high to $16,561 low. The main barrier is still near the $17,000 zone. If the bulls are able to break the $17,000 barrier, the price could start a strong rally. On the other hand, a clear break below the $16,550 support zone could start a bearish wave in Bitcoin. If so, the price could decline towards the $16,000 level in the near term.