Bitcoin’s bullish momentum saw Litecoin climb in recent hours as well. On the charts, LTC has posted a 15% rise above the $143 lows to trade at $163.9 at press time, which was impressive. Litecoin bulls still have a long way to go before calls for $200+ can materialize. If bulls manage to establish $163 as an area of demand in the days/weeks to come, the gains of October might once again be achievable. Source: LTC/USDT on TradingView The price action in December saw multiple tests of the… Source link

Source: AdobeStock / alexander132   Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Staking news The Dogecoin Foundation, a non-profit organization behind the meme-based project Dogecoin (DOGE), is working on a staking mechanism in collaboration with the Ethereum (ETH) co-founder Vitalik Buterin, which would allow all… Source link

Longform LOL just kidding, I don’t understand it. Probably because it’s pretend money. Get a compelling long read and must-have lifestyle tips in your inbox every Sunday morning — great with coffee! Illustration by Woody Harrington In last month’s issue of Philly Mag, my good friend and colleague, Christy Lejeune, wrote about how the pandemic is the perfect opportunity to embrace a new hobby for the sake of one’s… Source link

Monerocryptocurrency (XMR) is a popular because of its privacy-enhanced blockchain. Due to its anonymity, it’s a favoured cryptocurrency worldwide. Monero’s website claim that Monero transactions are untraceable and confidential. They also claim that it is the only cryptocurrency hiding the sender, receiver, and transaction amount information. They protect users’ privacy by using ring confidential transactions (RingCT), ring signatures, and stealth addresses. This article will discuss… Source link

Bitcoin (BTC) lost momentum at $51,500 on Dec. 24 as traders weighed the odds of a “Santa rally” coming true for Christmas.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC sees potent long-term retest Data from Cointelegraph Markets Pro and TradingView saw BTC/USD preserve its gains from Thursday, these totalling 6% with resistance most recently kicking in at just above $51,500. Opinions were mixed among weary traders about the strength of the rally and whether it could… Source link

In glad tidings for an orange Christmas, Bitcoin (BTC) supply is drying up to lows not seen for years. In a recent tweet by CryptoRank, just 6.3% of the total Bitcoin supply, or 1.3 million BTC, is held on cryptocurrency exchanges.  The decreasing supply is nothing new, trending down since the Bitcoin halving in 2020 when the BTC block reward was cut in two. BTC availability on exchanges followed suit, slowly trending down over the past year. Exchange wallets accounted for 9.5% of the BTC… Source link

Ethereum (CRYPTO:ETH) didn’t generate the knock-your-socks-off returns that some cryptocurrencies did this year. Other digital coins, especially Shiba Inu, absolutely exploded. But make no mistake about it: Ethereum was still a big winner. If you bought $1,000 of the cryptocurrency in early 2021, here’s how much you’d have now.  Image source: Getty Images. Crunching the numbers Ethereum opened on Jan. 1, 2021 at a price of $737.31. An initial… Source link

2021 has been a stunning year for Ethereum. On the 31st of December 2020, ETH/USD was trading in the low $700 area. As the end of December 2021 approaches, ETH is trading to the north of $4000 per token. That amounts to on-the-year gains of well over 300%. That compares to a year-to-date return for BTC/USD of only around 80% at the time of writing. ETH/BTC subsequently rose substantially in 2021 from under 0.03 to current levels close to yearly highs around 0.08. As of Friday morning,… Source link

Bitcoin rose to about $51,000 and touched the highest level in more than two weeks, buoyed by wider positive sentiment in financial markets. The largest cryptocurrency has advanced some 4% over the past two days and at one point reached $51,524 on Friday in Asian trading. Ether, the second-largest token, was near $4,100.  Source link

Hello, Market Wrap readers! During the final two weeks of 2021, we’re using this space to recap the year’s most dramatic moments in cryptocurrency markets – and highlight the key lessons from this fast-evolving corner of global finance. Over a series of eight posts starting on Dec. 20 and running through Dec. 30, we’ll recap what shook crypto markets this year. (For the latest digital-asset prices and news headlines, please scroll down.) Source link