Benzinga - Major coins traded in the green Thursday evening following news that FTX is exploring the possibility of restarting the bankrupt crypto exchange.
| Bitcoin | +1.57% | $21,075 |
| Ethereum | +1.83% | $1550 |
| Dogecoin | +0.82% | $0.08147 |
Top Intraday Gainers
| Frax Share | +19.06% | $10.23 |
| Enij Coin | +15.46% | $0.41 |
| Nexo | +12.85% | $0.80 |
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“Bitcoin is higher today, mostly finding support ahead of the $20,000 level. The crypto space is getting cleaned up and as long as we don’t see a major reputable exchange go under, traders may mostly shrug off news of the demise of smaller crypto companies” said Ed Moya, a senior market analyst with OANDA, in a note seen by Benzinga.
Crypto analyst Michaël van de Poppe warned investors not to get overly excited with the upcoming Genesis case but indicated there is still some momentum in the market. He emphasized that the crucial area to watch right now is between $21,100 to $21,300 for BTC.
Bouncerino time on the markets, which is great.Rekt Capital, a pseudonymous analyst, believes that if the ongoing Bitcoin uptrend follows that of 2019, its price could easily reach as high as $32,000 in the coming months.Wouldn't be jumping around too much with the Genesis case coming around, but this is atleast some momentum. Nasdaq also finding a bit of relief.
Crucial area at $21.1-21.3K for #Bitcoin.
If we drop one more time, prob bottom. pic.twitter.com/TNja9ymWzv
— Michaël van de Poppe (@CryptoMichNL) January 19, 2023
If this upcoming #BTC uptrend is like 2019 then something like this is what we could expect from price in the coming monthshttps://t.co/45AK7ep9wa$BTC #Crypto #Bitcoin pic.twitter.com/peniOqsZOARead Next: FTX's New CEO Aims To Revive Defunct Cryptocurrency Exchange: What You Need To Know— Rekt Capital (@rektcapital) January 19, 2023
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