Bitcoin briefly rises over $23,000 for the first time since August

Bitcoin breached the $23,000 threshold for the first time since early August, before dipping late Sunday. Ethereum, too, was up over the weekend, trading at $1,640. Overall, both crypto and traditional markets are looking optimistically at the evidence of waning inflation and an unlikely steep recession.
Related news
Markets
Jan. 27, 2023

Crypto Markets Today: Bitcoin Holds Steady Above $23K, White House Urges Congress to 'Step Up' Crypto Regulation
Latest Prices
CoinDesk Market Index (CMI)
1,092.39
+6.2 ▲ 0.6%
Bitcoin (BTC)
...
Markets
Jan. 27, 2023

Bitcoin Holds Steady Above $23K as Traders Eye Fed’s Next Meeting
Bitcoin ( BTC ) held above $23,000 on Friday as traders awaited next week’s Federal Open Market Committee decision on interest rates and any hints policymakers may drop about when their hiking campaign might end. The largest cryptocurrency by ma...
Markets
Jan. 27, 2023

Decentralized Exchange Vela’s DXP Token Surges Ahead of Beta Release on Arbitrum
Arbitrum -based decentralized trading platform (DEX) Vela Exchange’s DXP utility token has mounted a powerful rally as the project prepares to release its much-anticipated beta version next week. DXP’s price gained some 50% in the past 24 hours...
Markets
Jan. 27, 2023

First Mover Americas: Layer 2 Tokens Take Lead
This article originally appeared in First Mover , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices
...
Markets
Jan. 27, 2023

Polygon Derivatives DEX Gains Network Crosses $1.5B in Trading Volume on Arbitrum
Decentralized exchange (DEX) Gains Network has recorded over $1.5 billion in trading volume on the Arbitrum blockchain nearly a month after being deployed. Gains Network was initially released on Polygon and has contributed to the recent rising...
Markets
Jan. 27, 2023

Floki Inu Developers Float DAO Proposal to Burn $55M of Its Own Tokens
Developers behind Floki Inu, the Shiba Inu dog breed-themed project, have floated a governance proposal to burn nearly $55 million of its namesake FLOKI tokens and reduce a tax levied on each transaction. Burning tokens is a way of reducing su...