Will This Come As Massive Setback For Bitcoin SV (BSV) Holders?

Craig Wright, who calls himself the inventor of Bitcoin, was unsuccessful in defending his Bitcoin copyright suit in a court in the United Kingdom. According to the report, Wright had asserted that variations on the Bitcoin concept, such as Bitcoin Cash, violate his intellectual property rights.

Timeline of Bitcoin-sv, Bitcoin

Bitcoin price somehow managed to rise slightly above $23,000 with minor gains of 2% to 3% soon after Fed Chair Jerome Powell addresses the post-meeting press conference. As usual, the BTC price rose quickly as fresh interest rates were introduced and plunged in no time after the following speech by the chairman.

Argo Blockchain (NASDAQ: ARBK) reported an 14% increase in its Bitcoin (CRYPTO: BTC) mining production for the month of January, producing 168 Bitcoin compared to 147 Bitcoin in December 2022. The London Stock Exchange-listed company attributed the increase to fewer curtailment hours in January compared to December, which was affected by a severe winter storm in the United States.

Key Points: The amount of bitcoin mined by Argo Blockchain in January grew by 14% to 168 BTC from 147 BTC in December 2022, according to a filing to the London Stock Exchange. As of January 31st, the company owned 115 Bitcoin in total.

BTC/USD Dominated by Technicals:  Sally Ho's Technical Analysis – 9 February 2023 Bitcoin (BTC/USD) continued to be dominated by technicals early in the Asian session as the pair encountered selling pressure around the 23451.01 level, right around the 50% retracement of the depreciating range from 24262.18 to 22637.51.  Prior to this move higher, buying pressure emerged around the 22772.01 area, right around the 38.2% retracement of the appreciating range from 20370.01 to 24262.18.

Data shows the small cap altcoins have continued to outperform Bitcoin and the rest of the market recently as GRT has managed 117% gains in the past week. Small Cap Altcoins Index Is Sitting At 48% Profits For The Past Month As per the latest weekly report from Arcane Research, while other sections of the market have stagnated, the small caps have still seen an upside recently.

Bitcoin has been doing quite well over the past few weeks. The currency has already jumped up by about $5,000 since the end of 2022, which will likely go down as one of the most disastrous periods for the world's number one digital currency by market cap.

As the crypto market shows signs of consolidation, many traders are skeptical about the future and predict a Bitcoin dip in February 2023. Despite the skepticism, some experts believe that this outlook actually improves the probability of prices rising further.

The Bitcoin price has been displaying a bullish trend, characterized by higher highs and higher lows, since reaching $24,000 last week. Despite current market indicators suggesting neutrality, potential volatility could drive the price to a new all-time high.

Bitcoin [BTC] showed immense prowess after the U.S. Federal Reserve Board raised interest rates by 25 basis points. Initially, the king coin led the crypto market decline, but this only lasted a few hours as bulls took back control.

Ethereum closed in on the $1,700 level on Wednesday, as markets reacted to comments from U.S. Federal Reserve Chair Jerome Powell. Speaking after Tuesday's session, Powell hinted that the Fed could continue to hike rates, should the data show the need for action.