What happened  After weeks of almost continuous good news for the cryptocurrency industry, we are seeing a widespread sell-off today. Big cryptocurrencies are down, altcoins are down, and even meme coins are having a rough day.  In the last 24 hours, Bitcoin (CRYPTO:BTC) is down 5%, Ethereum (CRYPTO:ETH) is down 1.3% after being down as much as 8%, and Dogecoin (CRYPTO:DOGE) has fallen 2.4% as of 1 p.m. EST. Very few cryptocurrencies are trading… Source link

Text size Short-term investors buying Bitcoin offer the liquidity longer-term holders need to sell. Dreamstime The… Source link

The XMR coin chart shows a long consolidation period in the daily chart. The XMR/BTC pair trades at 0.004113 BTC with a fall of 3.08%. The 24 hr volume for XMR coins is $361 Million, indicating a 4.56% fall. The XMR coin price action makes an excellent long consolidation range in the daily chart. As a result, the price action gives a superb entry opportunity that awaits the breakout of either side. Hence, traders need to keep an eye on the price chart for a breakout. The XMR price… Source link

Bitcoin (BTC) traded just below $65,000 on Nov. 11 after an overnight correction canceled out previous snap gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “No free lunch” for speculators Data from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering after briefly dipping below $63,000 in fresh volatility. The pair had moved up sharply on the back of United States inflation hitting its highest in 30 years, this combining with derivatives market reactions to… Source link

Bitcoin’s (BTC) price hit another all-time high at $69,000, while Ether (ETH) continued its long slog toward $5,000 after reaching a new high at $4,868 earlier on Wednesday. Shortly after hitting this fresh milestone, however, traders began taking profit, leading to a nearly $7,000 drop, which plunged BTC’s price below $63,000. Interestingly, the breakout was initiated right as a report from the United States Bureau of Labor Statistics (BLS) showed a sharp 6.2% annual rise in the Consumer… Source link

Ethereum Ethereum fell by 2.10% on Wednesday. Following a 1.67% decline on Tuesday, Ethereum ended the day at $4,632.22. After a mixed start to the day, Ethereum rallied to an early afternoon new ATH $4,867.81 before hitting reverse. Ethereum broke through the first major resistance level at $4,811 before sliding to a late intraday low $4,460.00. The extended sell-off saw Ethereum fall through the day’s major support levels. Late in the day, Ethereum broke back through the third major support… Source link

The price of Litecoin is standing out in the crypto market, thanks to a gain that exceeds 40% in the last 7 days. There are several key factors behind the rise, and we will be reviewing them below. Also, we will see how feasible it is that profits will increase in the near future. At the time of writing, LTC is trading at $ 286.8, accumulating a gain of 9.43% in the last 24 hours. Its market capitalization is now $ 19,474 million, thus ranking 13th in the Crypto Online ranking…. Source link

What happened Among the numerous cryptocurrencies that have been surging of late, Litecoin (CRYPTO:LTC) is certainly grabbing a lot of attention. On Wednesday, it rose by more than 13% at its high point, and is up approximately 25% over the past 48 hours alone. These sorts of moves aren’t uncommon in the cryptocurrency world. However, when momentum-driven rallies like this take place, investors still take notice.  Image source: GETTY IMAGES. So… Source link

What’s happening: The company priced its stock above the expected range at $78 apiece, allowing it to raise an estimated $11.9 billion. That’s the biggest haul for a US firm since Facebook brought in $16 billion in 2012. The initial public offering is the largest globally of the year, and the 12th largest listing ever, according to data provider Refinitiv. Shares started trading at $106.75, a 37% leap. That values Rivian at almost $93 billion, more than both General Motors, which has a market… Source link

Ethereum, or ether for short, is also trading at record levels. It’s now hovering around $4,850, having soared more than 560% this year, compared to the “mere” 135% pop for bitcoin. Crypto investors are betting that ether will continue to be used as the backbone for even more non-fungible tokens, or NFTs, as well as so-called smart contracts. Experts predict that this wave of decentralized finance (DeFi) will become more prevalent in banking. That could be great news for ether, as well as… Source link