There is no guarantee that Litecoin will continue to deliver the blockbuster returns in the future. However, there is a high chance the crypto will continue to rise from its current price. First, with LTC coin trading 60 percent below its all-time high, there is still an incentive to try to buy the dip. Second, LTC coin’s uptake as a payment is expanding. BitPay recently added support for Litecoin, allowing its large network of merchants, which includes Newegg, to accept the altcoin. BitPay… Source link

Institutions have not left the Bitcoin (BTC) market even in the face of a 50%-plus bearish correction earlier this year, shows data provided by Glassnode. The blockchain analytics platform reported on Monday that the dominance of Bitcoin transactions exceeding $1 million has surged twofold since September 2020 — from 30% to 70% of the total value transferred. Since retail investors do not typically engage in large-volume transactions, Glassnode guesses that the institutional investors might… Source link

The XMR/USD failed to stop its bearish performance of the last session, still flashing red below $260.00, as traders could not digest the newly discovered Monero (XMR) glitch, which affects transaction privacy negatively. The developers of Monero (XMR) discovered a bug capable of exposing user transactions. Although the Monero team is working to fix it, they have announced that privacy is at risk as long as the bug exists. Monero made this announcement through their official Twitter account,… Source link

Data analysis firm Splunk says it’s found a resurgence of the Crypto botnet – malware that attacks virtual servers running Windows Server inside Amazon Web Services. Splunk’s Threat Research Team (STRT) posted its analysis of the attack on Monday, suggesting it starts with a probe for Windows Server instances running on AWS, and seeks out those with remote desktop protocol (RDP) enabled. Once target VMs are identified, the attackers wheel out an old favourite: brute forcing passwords. If… Source link

Ethereum Ethereum rallied by 4.92% on Monday. Reversing a 4.71% slide from Sunday, Ethereum ended the day at $3,162.34. A mixed start to the day saw Ethereum fall to a mid-morning intraday low $2,892.50 before making a move. Ethereum fell through the first major support level before rallying to a late afternoon intraday high $3,190.00. The breakout saw Ethereum break through the first major resistance level at $3,155 before falling back to sub-$3,100 levels. Finding late support, however,… Source link

Litecoin price is hovering just under the 50% Fibonacci retracement level at $171.62. Binance announced a reverse token split of LTC leveraged tokens. A breakdown of the $135.97 support level will invalidate the bullish thesis. Litecoin price is currently experiencing a decreased bullish momentum, which could result in a sideways movement or a pullback. While this retracement is necessary, it will provide buyers an opportunity to book profits and come back stronger.

Lawmakers and regulators’ increasing scrutiny of crypto markets, including the debate over the U.S. infrastructure bill’s crypto tax reporting provision, may be spooking retail investors but not institutional ones, recent blockchain data from Glassnode indicates.   These larger investors, as represented by large-value dollar transactions, fueled Bitcoin’s nearly 20% price gains since last week, the Berlin-based blockchain data firm found. A number of analysts say the trend shows that… Source link

Text size A compromise on tax-reporting requirements for companies in the cryptocurrency industry pushed Bitcoin prices higher on Monday. Dreamstime Bitcoin and cryptocurrency stocks were rallying ahead of a compromise on tax-reporting requirements for digital assets in the Senate. Bitcoin was up 5% to around $46,000, while Ethereum was… Source link

Text size A compromise on tax-reporting requirements for companies in the cryptocurrency industry pushed Bitcoin prices higher on Monday. Dreamstime Bitcoin and cryptocurrency stocks were rallying ahead of a compromise on tax-reporting requirements for digital assets in the Senate. Bitcoin was up 5% to around $46,000, while Ethereum was… Source link

It’s been quite the rebound in the crypto world lately. Bitcoin prices were up about 4% on Monday to $45,500, hitting its highest level since mid-May. The recent push has Bitcoin set for its first possible close above its 200-day moving average in several months. From the recent low last month, the leading cryptocurrency by size is up almost 60%. Ethereum has also been trading better as we outlined last week. That strength is continuing this week too as Ether is now trading north of… Source link