Fed tightening is bad news for bitcoin, Stifel’s Barry Bannister said on Tuesday. He warned that the crypto could fall to as low as $12,000. It currently sits around $47,600. He said gold is better-positioned right now. One big argument that proponents of bitcoin make in favor of the cryptocurrency is that, with its finite supply, it’s an alternative to… Source link

The crypto market plunged as much as 10% on Monday to add to a sell-off that’s been brewing for weeks. Three of the five largest cryptos — Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Solana (CRYPTO:SOL) — are down 33%, 23%, and 41%, respectively, from their all-time highs. Investors looking at a sea of red may be wondering what to do now to prepare themselves for 2022. Let’s take a look at why the long-term investment thesis for Bitcoin,… Source link

El Salvador has become the first government to accept Bitcoin as legal tender, sparking debate in the country and throughout the world about the benefits and risks of cryptocurrencies. Image Source: Tokens24 According to Litecoin Magazine, who referenced a video, “Did you know that when El Salvador adopted Bitcoin as legal tender, they also accepted one other coin?” Litecoin (LTC) is currently the only other cryptocurrency accepted by ATMs in El Salvador. Is this correct? For, LTC has… Source link

As crypto investors widely know, China has declared all cryptocurrency transactions illegal and outlawed crypto mining activities. Lately, a court decision further reasserted the government’s attitude to stifle any bitcoin mining activity possible. On December 15, the court of Beijing’s Chaoyang District heard a contract dispute over delayed returns from bitcoin mining and ruled that the service contract was “void”, according to a notice from the court. The… Source link

InvestorsObserver analysis gives Monero a low risk assessment. The proprietary scoring system calculates how much money was required to move the price over the past 24 hours with changes in volume and market capitalization to discover if a crypto can potentially be easily manipulated by limited trading activity. Low values representing high risk while high scores equate to low risk based on a 0 to 100 range. InvestorsObserver is giving… Source link

Let’s take a stroll through the future of money. Getty … Source link

Cryptocurrencies continue declining for several months now, as the crypto market has been engulfed by a bearish sentiment that is not ending. Profit-taking started this retreat in November, after the strong rally in October, so now it seems like the market is on one of those bearish periods before the bullish trend resumes again. Litecoin and Polkadot have been declining for several weeks, but now are facing moving averages that might act as support, so let’s see if they are showing any… Source link

It seems prophecies of a crypto winter have been fulfilled, as Bitcoin (CCC:BTC-USD) has lost 17% of its value since December kicked off. Altcoins have not been immune to the damage either, as Litecoin (CCC:LTC-USD) has declined by 30% during the same period. The first half of November was good for Litecoin, though, after it rallied higher by as much as 40% to as high as $279. Since then, all of those gains have been erased, and Litecoin is now trading at a two-month low of $145. As… Source link

It seems prophecies of a crypto winter have been fulfilled, as Bitcoin (CCC:BTC-USD) has lost 17% of its value since December kicked off. Altcoins have not been immune to the damage either, as Litecoin (CCC:LTC-USD) has declined by 30% during the same period. The first half of November was good for Litecoin, though, after it rallied higher by as much as 40% to as high as $279. Since then, all of those gains have been erased, and Litecoin is now trading at a two-month low of $145. As… Source link

InvestorPlace – Stock Market News, Stock Advice & Trading Tips Investorplace.com – InvestorPlace It seems prophecies of a crypto winter have been fulfilled, as Bitcoin (CCC:BTC-USD) has lost 17% of its value since December kicked off. Altcoins have not been immune to the damage either, as Litecoin (CCC:LTC-USD) has declined by 30% during the same period. The first half of November was good for Litecoin, though, after it rallied higher… Source link