The Monero price is retreating after it surged by more than 20% yesterday. It is up by more than 12% in the past 24 hours bringing the past seven-day gains to 21%. The XMR is trading at $385, which is 9% below the intraday high of $425. Its market cap has surged to more than $7 billion and is now the 22nd-biggest digital currency in the world. The background: Monero is a fast-growing digital currency that was started in 2014. It is a widely accepted currency that is… Source link

The past days have been pivotal for the cryptocurrency industry as Bitcoin (BTC) suffered a drop in its mining hash rate owing to a menacing Xinjiang power outage. The resultant effect sent the prices of the cryptocurrency tumbling down, dragging the entire market to a massive fall. However, Bitcoin as well as Ethereum appears to be paring off the losses accrued in the past days. Bitcoin is trading at $56052.9, down 2.13% while Ethereum has shed off 3.2% to be… Source link

Cryptocurrencies have taken off like wildfire across the globe in recent years, with big banks, corporations, and even governments all making the jump to accept digital currencies as a mainstream form of payment. But as these governments continue to try and outpace the popularity of decentralized currency and Defi, the whole point of the game starts to become less clear. How can we call a cryptocurrency “decentralized” if it’s being monitored by a centralized power? Luckily, there… Source link

Bloomberg A $1 Trillion Liquidity Surge Is Morphing Into a Leverage Boom (Bloomberg) — It was supposed to be a temporary buffer — more than $1 trillion of debt taken on by U.S. companies last year to ride out the economic devastation caused by Covid-19.But with the economy rebounding and interest rates still near all-time lows, it’s becoming increasingly tempting for corporations including Home Depot Inc. and Verizon Communications Inc. to spend those cash cushions on acquisitions and… Source link

Today, Monero (CCC:XMR-USD) is one of the best-performing cryptocurrencies. Currently, investors in XMR are seeing gains of approximately 17% at the time of writing. Various Monero (XMR) price predictions have placed the spotlight on the growth potential of this cryptocurrency. Accordingly, investors appear eager to pile into high-growth cryptos like XMR today. Source: Wit Olszewski / Shutterstock.com Monero is one of the older cryptocurrencies available to investors today. In… Source link

As the 2021 bull market cycle unfolds with decentralized finance and nonfungible tokens, or NFTs, being two of the biggest driving forces for growth, old-school cryptocurrency projects have quietly been climbing higher as their established track records begin to attract traders who value a longer history of success. One such project that has been gaining traction in recent weeks is Monero (XMR), a privacy-focused project that recently celebrated its seven-year anniversary and is now looking… Source link

Enlarge / Promotional image of Crypto on Venmo. Venmo The PayPal-owned Venmo service will let users buy, sell, and hold bitcoin and other cryptocurrencies within the Venmo app, the company announced today. “Customers will have the ability to buy and sell cryptocurrency using funds from their balance with Venmo, or a linked bank account or debit card,” the announcement said. Users will be able to buy or sell bitcoin, ether, litecoin, and… Source link

The world is changing so fast that it’s tough to understand where the crypto revolution is going, but Ethereum will be part of that story. Photo courtesy of Pixabay It’s already a mad, mad world; add cryptocurrency, and it seems like we’re living in a futuristic alternate universe. It appears that new crypto technologies are popping up every week, and more people are becoming accustomed to investing money into digital coins. But what many of us… Source link

With Bitcoin dropping close to the $52k price range earlier on Sunday, many of the market’s altcoins were overwhelmed with mounting sell pressure resulting in significant losses across the altcoin market. Such an outcome has always been expected thanks to the high correlation altcoins share with the cryptocurrency market leader Bitcoin. However, what was surprising was how certain coins reacted to the price correction and were able to bounce back negating much of the losses they endured a… Source link

Litecoin price is hovering above two critical demand zones that could propel the coin to new yearly highs. A breach of the supply zone’s upper boundary at $317.09 will provide further confirmation of an upswing. The bearish scenario will come into play if LTC bears pierce the $210.77 level. Litecoin price is retracing toward a critical level that could serve as a platform supporting a massive bull rally. Litecoin price approaches significant area of… Source link