Bitcoin (BTC) is likely to end 2021 well below analysts’ target projections of $100,000. Kraken CEO Jesse Powell, who had also projected a $100,000 price target for Bitcoin, still remains bullish in the long term, but he does not rule out a sharp drop in the short term.  One of the negatives that may add pressure to Bitcoin in the short term is the shift in the United States Federal Reserve’s monetary policy. On Dec. 15, the Fed announced that it would wind down its bond-buying program… Source link

Litecoin had an amazing start to November as it shot past the $200 mark and rocketed to a $295 high. However, the past six weeks have pulled Litecoin back to the $140 lows. Bitcoin experienced a short-term bounce, but bullish strength was not seen as much on longer timeframes. What Litecoin can achieve in the coming weeks will be dictated mostly by what Bitcoin does in the market. The bulls will have a fighting chance if Litecoin can flip the $176 level to support. LTC- 1D Source: LTC/USDT… Source link

The past few days witnessed a bullish recovery attempt while the market-wide sentiment exhibited a bearish inclination. Shiba Inu struggled to cross the 20 SMA and found it difficult to cope after losing the $0.000035 level. Litecoin followed Bitcoin’s trajectory but failed to back it up with trend-altering volumes.  On the other hand, after striking its ATH on 27 December, NEAR continued to trade above its 20-50-200 SMA. Shiba Inu (SHIB) Source: TradingView, SHIB/USD After re-claiming,… Source link

Litecoin (LTC) gets a bearish rating from InvestorsObserver Friday. The Digital Money asset is down 0.3% to $148.94 while the broader crypto market is up 0.65%. Litecoin has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Litecoin! Bearish Over the last five days, Litecoin has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the… Source link

Congestion on the largest smart contract-enabled blockchain sent users in search of more scalable blockchains, spurring the growth of alternative layer 1′s and scaling solutions. The year brought astronomical gains for the likes of Solana, Polygon, Terra, Fantom and Avalanche, which ate up half the slots in the top 10. Source link

In the world of cryptocurrencies, Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH)tower above all others. The two digital tokens account for more than $1.3 trillion in market value today, or roughly half of the total value of all cryptocurrencies in the world. As the original cryptocurrency, Bitcoin has a first-mover’s advantage and is the world’s largest crypto token with a market cap of about $900 billion, twice as large as Ethereum’s. However, you… Source link

Bitcoin (BTC) put in an early end-of-year flourish on Dec. 31 as an upward boost saw BTC/USD retake $48,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Options expiry fades Data from Cointelegraph Markets Pro and TradingView showed BTC/USD abruptly gaining over $1,500 in a single hour on Friday. A refreshing counterpoint to several days of downtrend, the move gave a taste of what could happen in a crypto market where liquidity is thinner than normal over the holiday period.

Almost 10,000 Bitcoin (BTC) left major United States-based exchange Coinbase on Dec. 30 in a sign that investor appetite is returning to the sphere.  Data from on-chain monitoring resource Coinglass shows Coinbase’s professional trading arm, Coinbase Pro, shedding 9,925 BTC in the 24 hours to New Year’s Eve. Binance adds 66,000 BTC in December The buy-in, which runs in contrast to rising or flat balances on other major exchanges, marks a conspicuous short-term trend shift. The latter half… Source link

2021 has been a breakout year for the cryptocurrency market as a whole despite the year-end struggles that have kept the price of Bitcoin (BTC) pinned below $48,000, much to the chagrin of the cadre of folks who had been calling for a $100,000 BTC moonshot.  Data from Cointelegraph Markets Pro and TradingView shows that the past 24 hours have been a rollercoaster ride for the top cryptocurrency after a brief dip below $46,000 in the early trading hours on Dec. 30 was quickly bought up to… Source link

Over the past 24 hours, Monero’s (CRYPTO: XMR) price has risen 6.53% to $224.14. This continues its positive trend over the past week where it has experienced a 7.0% gain, moving from $210.32 to its current price. As it stands right now, the coin’s all-time high is $542.33. The chart below compares the price movement and volatility for Monero over the past 24 hours (left) to its price movement over the past week (right). The gray bands are bollinger bands, measuring the… Source link