Bitcoin price dropped below $ 30,000 and Launchpad to $ 40,000.
Bitcoin begins its initial recovery phase after 50-day SMA support.

Bitcoin continued its predicted breakout after losing support at $ 31,000. The bearish leg explored levels just below $ 30,000, but buyers were very interested in limiting the downtrend.
Meanwhile, the flagship cryptocurrency is trading above $ 30,000 amid bulls pushing for returns to $ 40,000. The immediate decline was protected by a 50-day simple moving average.

Why Ethereum Closes Above $ 1,300, Which May Cause Another Surge
Ethereum holds support levels of $ 1240 and $ 1220 against the US dollar.

Ethereum fell below the $ 1250 support level. ETH price even traded below the $ 1220 support level and dipped below the 100-hour simple moving average.

CMS Trading Raises $ 1.3 Million For Ethereum-Polkadot Bridge
ParaState raised $ 1.3 million in an initial round of fundraising.

Kenetic Capital, FBG Capital and JRR Capital participated in the funding round under the leadership of CMS Trading, according to a press release. The firm raised $ 1.2 million.

Lulu Exchange Announces Partnership with Ripple and Federal Bank
Cross-border transactions between the UAE and India must become faster and more secure.

Lulu International announced a partnership with Ripple and Federal Bank in a tweet on January 26.
According to the exchange, this partnership will enable an improved real-time payment system between the United Arab Emirates and India.
RippleNet is supposed to make international transfers faster and safer. This is a significant development given the high volumes of remittances between the UAE and India. However, it has yet to be confirmed if xrp will be used for any of these cross-border transactions.

Arca Digital Asset Investment Fund Raises $ 10 Million in Series A Funding Round
Arca Digital Asset Fund managed to close the Series A funding round with a $ 10 million investment.

Arca announced its $ 10 million Series A funding in a press release issued on January 13th. According to a press release, RRE Ventures has spearheaded an investment in a digital asset management firm. In addition to raising capital, some investors, such as RRE founder James Robinson, will also serve as an advisor to Arca’s board of directors.
For Arca, the company plans to use the funding received to build a robust infrastructure infrastructure in strict compliance with regulatory protocols.

Chainlink Holding Key Support, Bulls Aim Fresh Test – $ 25
Chainlink fell below $ 22 but stayed above $ 20.

Chainlink recently began a downward correction from a high of $ 25.89 against the US dollar, similar to Bitcoin and Ethereum. There was a break below the $ 22.50 and $ 22.00 support levels.
The bears were able to push the price below the 50% Fibonacci retracement of the upward movement from a swing low of $ 17.20 to a high of $ 25.89. However, the bulls were active above the $ 20.00 support zone and the 100 simple moving average.

Blockstream Buys $ 25M Bitcoin Mining Machines from MicroBT
The ASIC is planned to be deployed at Blockstream facilities in the US and Canada.

Bitcoin technology company Blockstream said it bought $ 25 million worth of mining machines from MicroBT to expand its mining operations.
The vehicles will be deployed at Blockstream facilities in Canada and the United States. When the company expects to receive its ASICs, it was not specified.

The Battle for DEX Heats Up as Uniswap Reaches Record Levels
The ongoing battle between leading decentralized exchanges is heating up, and Uniswap has taken advantage of this.

UNI prices peaked at $ 15.50 a few hours ago, according to Coingecko. The move added 5% on the day, while most other high-cap cryptoassets are retreating in the shadow of their older brother.

Federal Reserve Votes To Maintain Inflationary Monetary Conditions As US Economy Recovers
Fed voted at FOMC meeting to maintain federal funds rates at around 0%

Federal Reserve officials voted at a meeting of the Federal Open Market Committee to keep federal funds rates at around 0% and continue buying $ 120 billion in bonds a month while the economy recovers.

Justice Department Leads International Efforts Against NetWalker Ransomware
According to the US Department of Justice, NetWalker ransomware attacks fell victim to attacks on universities, companies, and municipalities.

According to a statement from the US Department of Justice, the US Department of Justice, the Bulgarian National Investigation Service and the General Directorate for Combating Organized Crime in Bulgaria have worked together to destroy a “sophisticated form of ransomware” called NetWalker.