Text size Dreamstime Bitcoin and other cryptocurrencies are selling off again, falling at least 5% in the past 24 hours. The downturn is pressuring shares of crypto-related stocks, including Coinbase Global (ticker: COIN), which was off 2.6% in trading Thursday to around $245. Other crypto stocks were… Source link

Litecoin (CCC:LTC-USD) is a popular cryptocurrency that looks to rebound before the end of the year. According to Coinmarketcap.com Litecoin is the 14th largest crypto in the world, with a $8.7 billion market capitalization. It is likely to mimic Bitcoin, the largest crypto, as it rebounds later this year. Source: Wit Olszewski / Shutterstock.com In fact, Litecoin is now up by 3.4% as of July 8, since it ended last year at $126.23 and is now at $130.48. It has dropped significantly… Source link

Bitcoin has lost around half its value since April. Dado Ruvic/Reuters Bitcoin slipped to $32,639 as of Thursday morning, sinking back below the $33,000 level. “We expect it to spend the next few weeks testing this range on either side,” Pankaj Balani of Delta Exchange said. Cryptocurrency-linked companies have suffered in step with the broader digital asset ecosystem. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The price of bitcoin slipped 7% Thursday… Source link

WorldSpectrum / Pixabay For some months now, the explosiveness of cryptocurrency has hinged on the inflation hedging capability of Bitcoin. More investors and companies are coming to terms with the benefits of adopting Bitcoin as a store of value. While this is a great development, it raises questions concerning the original and perhaps the… Source link

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The prices of leading cryptocurrencies like bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) routinely move 10% or more peak to trough in a given week. For investors, this level of volatility can be stressful and frustrating. However, if you believe in crypto’s long-term thesis, volatility can work in your favor. Exchanges like Nexo, BlockFi, Gemini, and Coinbase (NASDAQ:COIN) pay attractive interest rates on bitcoin, Ethereum, stablecoins, and other… Source link

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Litecoin price is undergoing a pullback and might retest a crucial support barrier at $124.62. If the buyers make a comeback, investors can expect a full-blown rally to tag the range’s mid-point at $164.72. If LTC slices through $118.60 but fails to reclaim it, the bullish thesis will face invalidation. Litecoin price is in a consolidation stage and does not show a clear directional bias. However, LTC is likely to continue its correction in the short term until it… Source link

This week, we continue the conversation about Ethereum miners and how they’re preparing for changes to the reward dynamics of the network. Also, we take a look at what other asset types are popularly used on decentralized finance (DeFi) applications beyond ether (ETH).  Welcome to another edition of Valid Points. This article originally appeared in Valid Points, CoinDesk’s weekly newsletter breaking down Ethereum 2.0 and its sweeping impact on crypto markets. Subscribe to Valid Points… Source link

Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice Litecoin‘s market slipped from its most tradable range of $174.27 in mid-June. Following this, the alt’s price dropped as low as $104.77 on 22 June. The popular digital silver has been trying to recover from this significant loss since, with the crypto’s price action hinting at a potential breakout on the charts. At the time of writing, LTC was trading at… Source link