Another expert cited in the report, Cho Yeon-haeng, president of Korea Finance Consumer Federation, said “huge investor losses are expected” as trading is suspended and assets are frozen. Many of the smaller exchanges are unlikely to offer customer protection as they stare down immediate closure, he said. Source link

Ethereum has been trading sideways with a minor gain of 1.70%. ETH was eyeing its multi-month high of $4033.45.  Litecoin was also consolidating with a minor gain of 1.10%, with immediate overhead resistance at $ 194.13. Contrastingly, Avalanche dissociated itself from the broader market sentiments and rallied 21.06% securing an all-time high of $ 64.87. The last time AVAX tried to reach this price level was almost six months ago.  Ethereum (ETH) ETH/USD, TradingView Ethereum was seen… Source link

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Widely followed crypto analyst Benjamin Cowen has a timeframe for when Bitcoin could finally be “off to the races” on a rally past all-time highs. In a new strategy session, Cowen identifies the 20-week moving average (EMA) as the place where Bitcoin will need to hold the line in order to maintain bullish momentum.   “So the $42,000-$43,000 range is in fact where we would ideally like to hold the line. And we’ve already tested it, so if from here we move up, well then… Source link

Litecoin token over the monthly chart is trying to get stable by sustaining above its major moving averages of 50, 100, and 200-Days.  The crypto asset is presently facing minor resistance of 20-day short-term moving averages while needs more volume for strong reversal.  The pair of LTC/BTC is trading on a negative note at 0.003973 BTC with an intraday loss of -2.05%, and the ratio of LTC/ETH is CMP at 0.0531 ETH with a significant intraday loss of -4.47%.  tradingview Litecoin token… Source link

Published Sunday, Sep. 12, 2021, 9:19 am Join AFP’s 100,000+ followers on Facebook Purchase a subscription to AFP Subscribe to AFP podcasts on iTunes and Spotify News, press releases, letters to the editor: augustafreepress2@gmail.com Advertising inquiries: freepress@ntelos.net (© Tiko – stock.adobe.com) As we live in the age of the internet, we have been using electronic methods to transfer money. It’s been more than a decade since to see Bitcoin coming into the… Source link

Solana logo displayed on a phone screen and representation of cryptocurrencies are seen in this illustration photo taken in Krakow, Poland on August 21, 2021. Jakub Porzycki | NurPhoto | Getty Images Solana, a one and a half-year-old blockchain network, has been getting a lot of attention the past couple weeks as its token, sol, has surged to become the sixth largest cryptocurrency by market cap, according to CoinGecko. Source link

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not… Source link

Institutions have been at the forefront of the crypto bull run seen since Q4 2020, but now retail investors have been taking the center stage as well. Bitcoin (BTC) is getting more popular all around the world and it officially became a legal tender in El Salvador on Sept. 7, making it a landmark event for retail and sovereign adoption of the asset. However, it turned out to be a chaotic event for the premier cryptocurrency token as the country celebrated “Bitcoin Day.” Soon after the day… Source link

Second, the implications: This path towards adoption was not what we expected. What El Salvador’s move to use bitcoin directly suggests is that dollarized nations, or those who use another countries currency and in doing so become subject to their monetary policy decisions, may prefer bitcoin’s non-monetary policy to either domestic or imported control. That’s in sharp contrast to nations like India, China and the US who use their currencies and controls over it to accomplish policy… Source link