Chinese New Year Associated With Average 9% Rise In Bitcoin – January 24

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$22,882

Bitcoin price appears to have found some resistance around the $23,000 mark, as price settles just below the crucial level.

Top-20 altcoins are once again seeing mixed performance, as Ether remains unchange, BNB rises 3% and Polkadot drops 1% over the last 24 hours.

Top Stories for January 24, 2022 🔥

👉 Chinese New Year Associated With Average 9% Rise In Bitcoin

A new report by digital assets firm Matrixport states that Bitcoin investors can expect an average 9% return on investment during the Chinese New Year, based on the last eight years’ data.

According to Markus Thielen, Head of Research at Matrixport, if history repeats, investors who bought Bitcoin on January 22nd and exit the position on February 1st could leave the trade with a 9% profit. He adds that China has been a major influence on Bitcoin for many years.

👉 Binance “Accidentally” Mixed Client Funds With B-Token Collateral

Binance has mistakenly kept collateral for some of the crypto assets it issues in the same wallet as funds belonging to its customers, according to a report by Bloomberg.

The exchange issues 94 so-called Binance-peg tokens (B-Tokens) and reserves for almost half are stored in a cold wallet called “Binance 8”, which contains more tokens than required for the amount of B-Tokens issued.

The exchange has acknowledged the mistake and is in the process of transferring these assets to dedicated collateral wallets.

👉 Genesis Creditors File Lawsuit Against DCG & CEO Barry Silbert

Digital Currency Group (DCG) and its subsidiary Genesis Capital are facing a securities class action lawsuit from a group of Genesis creditors, who are alleging violations of federal securities laws.

The complaint against DCG and its CEO Barry Silbert alleges that Genesis engaged in an unregistered securities offering in violation of securities laws, and that Genesis committed securities fraud through a scheme to defraud potential and existing digital asset lenders by making false and misleading statements.