Bitcoin Sees $116M Inflows, Price Holds Near 6-Month Highs

• Last week, Bitcoin-tied investment funds saw $116 million in inflows as the leading cryptocurrency has managed to hold gains and stay firm so far this year.
• CoinShares reported that the cumulative asset under management (AuM) of crypto funds has risen to $28 billion, up 43% from their November 2022 lows.
• Germany accounted for 40% or $46 million of all inflows, followed by Canada, the United States, and Switzerland with respective figures of $30 million, $26 million, and $23 million.

Bitcoin Sees Strong Inflows Amid Price Surge

Bitcoin has seen strong inflows last week as the flagship cryptocurrency has managed to hold gains and stay firm so far this year. According to a report by digital investment company CoinShares, Bitcoin-tied investment products saw $116 million in inflows last week – the largest since July 2022 – pushing the cumulative asset under management (AuM) of crypto funds up to $28 billion.

Investment Product Volumes Improve

The report also noted that investment product volumes are improving significantly with over $1.3 billion traded last week – a 17% increase compared to the YTD average – while total digital asset market volumes have seen an 11% rise on trusted exchanges. Multi-asset investment products experienced outflows for 9 consecutive weeks amounting to $6.4 million indicating that investors are now preferring select investments such as Solana, Cardano and Polygon which saw inflows while Bitcoin Cash, Stellar and Uniswap all had minor outflows during this period.

Geographical Breakdown of Inflows

CoinShares’ report revealed a geographical breakdown of inflows where Germany was at the top with 40% or $46 million followed by Canada ($30m), USA ($26m) and Switzerland ($23m). The strong inflows come amid increasing adoption for Bitcoin as CoinShares earlier this month reported that digital asset inflow reached its lowest since 2018 at around 433 Million USD with Bitcoin accounting for 287 Million USD and Multi-asset Investment products at 209 Million USD in flows during this period.

Fund Flows Can Predict Price Movements

Fund flows can be used as an indicator to gauge how institutional investors move their money; generally it is assumed that strong inflows will lead to more buying pressure driving prices higher while outflow activity could result in lower prices due to reduced demand.

Conclusion

In conclusion, last week’s strong inflows into BTC is indicative of increased investor confidence in cryptocurrencies which may further fuel positive price movements going forward if similar trends continue in upcoming weeks.

Ethereum Price Primed for Massive Breakout – Can It Reach $10,000 In 2023?

• Ethereum price is rallying above $1,600 as it awaits the Federal Open Market Committee (FOMC) decision on interest rate hike in two days.
• Market watchers are eyeing a 25-basis points increase, relatively lower than the December hike of 50-basis points.
• The Moving Average Convergence Divergence (MACD) indicator has signaled to traders to offload their bags while locking in profits before FOMC’s decision.

Ethereum Price Prediction: Can ETH Reach $10,000 by 2023?

Overview

The value of Ethereum continues to gain strength against the US dollar, especially with its recent move above $1,600. Recovery is expected to continue after the Federal Open Market Committee (FOMC) meeting and decision on the interest rate hike in two days. Investors are anxiously waiting for the Fed’s decision and expect a 25-basis points increase, relatively lower than the 50-basis points hike in December 2020. The Moving Average Convergence Divergence (MACD) indicator has signaled to traders to offload their bags while locking in profits before FOMC’s decision. All eyes are now on whether Ethereum can reach $10,000 by 2023 or not?

Factors Affecting Ethereum Price Rally

The overall sentiment hails from a general inflation drop for December 2020 which was recorded at 6.5% compared to 7.1% for November 2020. This drop shows that economy is headed in the right direction and may encourage the Fed to loosen its grip over markets allowing them to recover soon – especially those considered high volatility index markets such as digital assets like Ethereum.

Ethereum Price Primed For A Massive Breakout

As ETH price had pulled back to trade at $1,594 at the time of writing with support around $1,500 expected to absorb any growing selling pressure; experts have predicted that cryptos may generally retreat before then shaking out weak hands before carrying on with bullish move aiming for highs above $2,000 mark. With tentative support at $1,600 already infiltrated; ETH price might drift down further towards $1,500 where 200 day Exponential Moving Average (EMA) will provide solid ground for resumption of uptrend journey towards higher levels such as reaching a milestone target of 10K dollars by 2023 or so!

Conclusion

Considering all factors mentioned above; it appears that Ethereum is primed for a massive breakout if it manages to hold strong around current resistance levels and break past them heading towards fresh all time highs! As far as predicting whether ETH can reach 10K dollars by 2022 or 2023 is concerned; only time will tell how market performance evolves over next few years!

Disclaimer

This article should not be taken as financial advice and should not be relied upon when making investment decisions – investors should do their own research when making investment decisions related to cryptocurrencies or other digital assets

XRP Price Prediction: Will Ripple’s New President Bring A Pump?

• Ripple has appointed a new President, Monica Long.
• Ripple’s case with the SEC is nearing its conclusion, with CEO Brad Garlinghouse expecting a decision by end of first half 2023 or end of year at latest.
• XRP’s current price leaves it with mixed set of indicators, making it hard to predict if another rally or fall is likely outcome.

Ripple Appoints New President

Ripple recently announced the appointment of long-time employee Monica Long as its new President. This news comes at an interesting point in time given that a decision in Ripple’s case with the SEC is expected soon.

SEC Case Nearing Conclusion

CEO Brad Garlinghouse recently told CNBC that he expects the case to conclude by the end of the first half of 2023, or by the end of the year at the very latest. US-based lawyer James K. Filan also tweeted on January 20th saying “Everything is Briefed… Now We Wait”, suggesting that it won’t be long until we hear a decision from Ripple’s legal dispute.

XRP Price Prediction

The XRP price has dropped by $0.400093 in past 24 hours but still gained 0.5% in a week and 15% in last 30 days – doing surprisingly little in response to Monica Long’s appointment as President and Ripple’s case with SEC nearing its conclusion. Its relative strength index (RSI) suggests there may be further falls ahead while its 30-day moving average continues to rise towards 200-day average suggesting medium-term rally could occur.

Uncertainty Remains

However, despite some optimism regarding Ripple’s prospects with regards to their ongoing lawsuit, uncertainty remains due to both sides having strong cases and possibility existing for jury trial should parties fail to reach agreement out court. This makes predicting how XRP will respond when/if a verdict is reached difficult as there are no guarantees that outcome will be favourable for either side involved .

Conclusion

It appears that XRP holders can take comfort from recent developments indicating resolution may not be far off for Ripple’s legal dispute with the SEC however they should remain mindful that future movements remain uncertain until official verdict is announced and analysed properly before any conclusions can made about potential impacts on coin’s price.

Billionaire Endorses Binance: Mike Novogratz Urges Success for CZ

• Michael Novogratz, founder of Galaxy Digital Holdings, expressed his support for Binance and CEO Changpeng Zhao (CZ)
• He noted that the world’s largest crypto exchange by trading volume has a “giant percentage of liquidity” and a loyal retail following
• Novogratz believes that the success of Binance would help bring more institutions and individuals into the cryptocurrency industry

Endorsement from Billionaire Mike Novogratz

Billionaire Michael Novogratz, the founder of US-based crypto financial services firm Galaxy Digital Holdings, recently endorsed Binance. Speaking to Real Vision Crypto, he noted that the major crypto exchange has a “giant percentage of liquidity” and a loyal retail following. Therefore, he said we need Binance in order to bring more institutions and individuals into the cryptocurrency industry.

US Department of Justice Charges

Earlier this month, US Department of Justice made an announcement regarding crypto company charges which had many speculating which exchange it could have been. According to Treasury Order, Bitzlato – a Hong Kong-registered exchange was found to be processing $700 million in illicit funds while Binance was identified as its top receiving counterparty between May 2018 and September 2022. Despite this involvement, Novogratz expressed his hope that it wouldn’t be Binance since they need them in order to cheer their success.

Cheering for CZ’s Success

Novogratz went on to comment that people who are wishing failure on CZ is wrong thinking because they need him to succeed so as to maintain their retail following and bring in more institutional investors into the industry. He also noted about certain entities like Canadian pension funds being brought into the sector with much effort but got caught up in FTX’s fall frenzy.

Binance’s Needed Role

The billionaire investor believes that having such an important entity like Binance will help increase adoption rates which will eventually fund technology growth within the sector. With this endorsement from one of world’s most influential figures in finance comes much needed confidence boost for both CZ and his organization during these challenging times.

Conclusion

Michael Novogratz expressed his support for Binance noting its importance towards successfully bringing more institutional investors into the cryptocurrency industry through increased adoption rate resulting from its giant percentage of liquidity and loyal customer base due its focus on customer service.

Bitcoin & Ethereum Prices on the Rise: Is Another 5% Rise Possible Today?

• Bitcoin and Ethereum prices have been on the rise for the past few months, and investors are wondering if another 5% increase is possible today.
• Cryptocurrency markets had a positive start on January 30th with global crypto market capitalization growing by 1.77%.
• In Nigeria, the price of 1 BTC costs 17.8 million Naira, representing a more than 60% premium over the current market price of Bitcoin.

Bitcoin Prices and Ethereum Prediction; Is Another 5% Rise Possible For BTC And ETH Today?

Bitcoin and Ethereum prices have been steadily rising for the past few months, leading many investors to question whether another 5% increase is possible today.

Risk-On Crypto Mood: What You Need To Know About The Current Market Opportunities

Cryptocurrency markets saw positive growth on January 30th, with global crypto market capitalization increasing by 1.77%, and total trading volume increasing by 24.92%. This success can be attributed to favorable market conditions, increased institutional buying, and anticipation around extensive utilization.

However, there is potential for negative impacts if the US Federal Reserve decides to raise interest rates beyond what was expected in the market.

Understanding The Bitcoin Premium In Nigeria: What You Need To Know

The Central Bank of Nigeria has continued to encourage its citizens to use digital currency, causing Bitcoin prices in the country to skyrocket far above market levels. Currently, 1 BTC costs 17.8 million Naira (or $38,792) compared to the current global market price of $23,700.

Impact Of The CBN’s Actions On The Local Economy

By encouraging citizens to use digital currency through restrictions on ATM cash withdrawals, the Central Bank of Nigeria is attempting to accelerate their transition into a cashless society.

Bitcoin Breaks $23K, Cryptocurrency Market Soars Above $1 Billion!

• Bitcoin reached an all-time high above $23,000 in January 2021, pushing the total cryptocurrency market capitalization above $1 billion.
• The bullish momentum was driven by positive CPI data, indicating a decrease in overall inflation, and a weakening US Dollar Index.
• Analysts are optimistic about a possible new bull market, as Bitcoin prices remain within a limited range of $22,500 to $23,350.

The cryptocurrency market has been booming in 2021, with Bitcoin prices reaching record highs. On Saturday, January 23rd, 2021, BTC/USD closed at $23,114 after reaching a high of $23,114. This marks the first time since mid-August 2022 that Bitcoin prices have surpassed the $23,000 level, pushing the total cryptocurrency market capitalization above $1 billion for the first time in 5 months.

The bullish momentum in Bitcoin prices was driven by several factors. The most important of these was the release of the Consumer Price Index (CPI) report on January 12th, which showed a 0.1% decrease in overall inflation. This marked the sixth consecutive month of deflation, which is seen as a positive sign for the economy. The report also indicated that US GDP had grown 6.7% (Q3+Q4) and that unemployment had dropped to 3.5%. These positive developments have given investors more confidence in the market and helped push Bitcoin prices higher.

The US Dollar Index (DXY) has also weakened, which has given a further boost to Bitcoin prices. Historically, whenever the DXY falls, risk asset sentiment rises. As a result of the US Dollar Index’s weakness, Bitcoin is the riskier asset gaining more traction.

Analysts are optimistic about a possible new bull market as Bitcoin prices remain within a limited range of $22,500 to $23,350. The next key resistance level to watch will be the $24,000 mark. If prices break through this level, it could signal the start of a new bull market, with Bitcoin prices potentially heading to new all-time highs.

However, it is important to remember that the cryptocurrency market is highly volatile and prone to sudden price changes. Investors should always make sure to do their own research and carefully consider the risks before investing in any cryptocurrency.

Former FTX US President Reveals Why He Left Crypto Exchange

• Brett Harrison, former president of FTX US, revealed he left the crypto exchange due to a deteriorating relationship with Sam Bankman-Fried and his deputies over management practices.
• Harrison detailed that SBF asked him to join FTX US “casually over text” in late March 2021 and his first few months at FTX US were wonderful.
• He advocated for establishing separation and independence for the executive, legal, and developer teams of FTX US, which SBF disagreed with.

Brett Harrison, the former president of FTX US, recently revealed the reasons behind his departure from the crypto exchange. In a long Twitter thread on Saturday, Harrison shared the details of his time at FTX US, which lasted 17 months before he left in late September 2022.

Harrison stated that the deteriorating relationship between him, Sam Bankman-Fried, and his deputies over management practices at FTX was the main reason behind his departure. He recalled how it all started when Bankman-Fried asked him to join FTX US “casually over text” in late March 2021. Harrison said his first few months at FTX US were wonderful and he worked largely independently of Bankman-Fried.

However, the former crypto boss said he advocated for establishing separation and independence for the executive, legal, and developer teams of FTX US from FTX International, to which Bankman-Fried disagreed. Harrison stated that he saw in that early conflict Bankman-Fried’s total insecurity and intransigence when his decisions were questioned, his spitefulness, and the volatility of his temperament.

Due to the disputes over management practices, Harrison said his relationship with Bankman-Fried and his deputies had reached a point of total deterioration. As a result, he decided to leave the role at FTX US, though he remained as an advisor at the company.

Harrison’s departure from FTX US has been a topic of discussion among industry and media, which he said hadn’t felt to him like the dream job it appeared to be. He concluded his Twitter thread by expressing his gratitude to FTX US and the team he worked with.

How to Draw a Circle on Google Maps

Google Maps is a web-based map service that allows users to search, view for, and browse through geographical information and related data. It’s an uncost-free service and accessible on both desktops as well as mobile devices. Google Maps is a free service that lets Google Maps, users can easily locate places, receive directions, as well as view street views and satellite images. Alongside these fundamental functions, Google Maps also allows users to draw circles as well as other forms in the maps.

What is Google Maps?

Google Maps is a web-based mapping service offered by Google. It is an absolutely free service that is available on desktops as well as mobile devices. Google Maps is a free service that lets users search for locations, get directions and more Google Maps, users can quickly locate locations, receive directions, as well as view street and satellite imagery. Additionally, it gives users the ability to design routes and determine distances between locations. Google Maps is widely used by businesses and individuals who utilize it to browse maps and plan out trips, and also to help with education.

Introduction to Drawing Circles

Google Maps provides users with the capability of drawing circles across the maps. The circle can be described as a closed form that includes all points within the radius of a certain distance in the middle of the circle. Making circles with Google Maps can be helpful to serve a range of functions like measuring distances or plotting the locations of interest and creating visual representations of an region.

Creating a Circle

For drawing a circle using Google Maps, first click on the “Draw a Circle” button located in the upper left part of the map. This will open a dialog box where you can type in the parameters of the circle you want to draw.

Circle Parameters

In drawing circles using Google Maps you need to indicate the central point of your circle, radius, along with the colour of the circle. Center point refers to the coordinates of latitude and longitude that the circular shape will become centred. Its radius represents the distance measured in miles or kilometers that extends from where the central point is to the outer edge of the circle. The colour of the circle is used to distinguish them from others on the maps.

Editing a Circle

After you’ve made a circle using Google Maps, you can modify its parameters at any point. If you want to edit the parameters of a circle, simply click on the circle that you would like to edit. A dialog box will pop up in which you can alter the center point of the circle, its radius and the color.

Deleting a Circle

If you do not require a circle that created on Google Maps, you can remove it easily. To delete a circle click on the circle that you want to erase and hit”Delete” in the dialogue box that appears “Delete” button in the dialog box that opens.

Sharing a Circle

If you’d like share the circle you’ve drawn using Google Maps, you can quickly do it. For sharing a circle, simply click on the circle you want to share and select on the “Share” button in the dialog box that opens. From there, you can connect the circle others or embed it on an existing website.

Conclusion

Making circles with Google Maps is a great way to calculate distances, map points that are of interest, or to create visual representations of a geographical area. When you input the central point as well as the radius and color that the circles are drawn, people are able to easily draw and share circles in Google Maps.

Everything You Need to Know About Apple iOS 14.4

Apple’s most recent operating system iOS 14.4 has been released for iPhones as well as iPads and iPod Touches. It’s a major upgrade which brings many enhancements and new features to the operating system. Apple has continuously improved the mobile OS throughout the decades which is why iOS 14.4 has been no different. This update is focused on security, performance and stability, in addition to adding a variety of new features.

What’s New in Apple iOS 14.4

Apple iOS 14.4 includes several new features and improvements. Some of the most prominent improvements are:

  • The capability to include the “Suggested Contacts” list to the Contacts application.
  • The option to deactivate app tracking within Settings. Settings app.
  • Support for AirPlay on Apple TV.
  • A new AirPods widget.
  • ProRAW” photo format for iPhone 12 Pro and Pro Max.
  • Performance is improved by using apps from the App Store.
  • Ability for scanning QR codes with no need to launch the Camera application.
  • Improved support for external storage devices.
  • The possibility of using Face ID with a mask.

The Benefits of Updating to Apple iOS 14.4

The upgrade with Apple iOS 14.4 is a fantastic way to get the most of the latest features and enhancements. The main benefits of upgrading with iOS 14.4 include enhanced performance, improved security, and improved stability. In addition, the new features that come in iOS 14.4 will help users gain more value from their devices.

Compatibility Issues With Apple iOS 14.4

Before making the switch to iOS 14.4 Users should ensure that their gadget is supported. Apple has listed supported devices in its site. Also, some older models may not be compatible with iOS 14.4.

Upgrading to Apple iOS 14.4

The upgrade process from iOS 14.4 is fairly simple. The upgrade can be done directly from their devices or through iTunes on a PC. Prior to upgrading, it is important to back up all of your data and ensure that there’s enough storage space for the upgrade. In addition, users must make sure that the gadget is linked to a stable WiFi network.

Tips to Optimize Performance for Apple iOS 14.4

After updating to iOS 14.4 Users may be looking to boost the performance of their device. One of the most effective method to do this is to free up storage space. This is done by removing unnecessary apps as well as files. In addition, users must ensure that their device runs the most recent version iOS.

Troubleshooting Common Issues Apple iOS 14.4

If you encounter any problems when using iOS 14.4 There are several steps they could attempt to fix the problem. This includes restarting the device, setting the settings of the device, and installing the update. In addition, users can reach Apple Support if the issue persists.

Conclusion

Apple iOS 14.4 is a major update which brings many improvements and features for the operating system. Making the switch to iOS 14.4 is an excellent option to make the most of the latest features and improve performance. However, users must ensure they have a device that is compatible latest update before making the upgrade. In addition, they may experience certain issues when they update however, there are a number of options they can follow to solve the issue.

LG Smart TV Owners Can Now Enjoy Virtual Concerts and AI Games in the Metaverse

• LG Electronics is increasing their metaverse activities to bring Web3 and metaverse experiences to owners of its smart TVs.
• The company is teaming up with the metaverse operator Oorbit to offer virtual concerts and AI-powered multiplayer games on the Auxworld platform.
• LG is also allowing Blade Wallet users to buy and sell non-fungible tokens (NFTs) on LG smart TV devices, using the LG Art Lab service.

LG Electronics, a South Korean tech titan, is ramping up their metaverse activities to bring Web3 and metaverse experiences to owners of their smart TVs. At the 2023 Consumer Electronics Show in Las Vegas, the company made multiple metaverse-related pledges and has now announced a new deal with the metaverse operator Oorbit that will allow LG smart TV owners to access these same virtual worlds.

Through the Oorbit deal, LG smart TV users will be able to attend virtual concerts via the music and games platform ELYNXIR. Additionally, they will be able to play AI-powered multiplayer games on the Auxworld platform. LG is also allowing Blade Wallet users to buy and sell non-fungible tokens (NFTs) on LG smart TV devices, using the LG Art Lab service. This function will be enabled through the Hedera Hashgraph network, as has been the case with many of LG’s previous Smart TV and Web3 drives.

On top of this, LG showcased “monster”-themed virtual sports shoes created “using NFT technology” – and designed to be worn in metaverse spaces. This is part of LG’s larger effort to bring the metaverse experience to its customers and stay ahead of the competition. LG’s telecoms arm, LG U+, has already signed a deal with the cloud provider Megazone and the gaming operator Gala Lab to build a metaverse service tailored to university students, which is expected to launch early next year.

The metaverse is quickly expanding, and LG is on the forefront of bringing these experiences to its customers. With their new partnership with Oorbit and the other initiatives that the company has implemented, LG is well-positioned to capitalize on the metaverse trend and provide its customers with an immersive and interactive experience.