In other words, stablecoins like tether with values pegged 1:1 to the U.S. dollar are now used to fund alternative cryptocurrency (altcoin) purchases. That’s a change compared with pre-2020, when bitcoin served as a gateway to altcoins. So, the unwinding of long altcoin trades now puts a bid under stablecoins. Previously, it would bring demand for bitcoin, helping the cryptocurrency outperform other coins. Source link

Earlier this year, as the value of each bitcoin passed thirty-five thousand dollars, and Howells’s holdings exceeded two hundred and eighty million dollars, he made a public offer to give Newport a twenty-five-per-cent cut of the proceeds, which could be earmarked for a COVID-19 relief fund. The city did not accept his offer. “The attitude of the council does not compute, it just does not make sense,” Howells complained to the Guardian. Across the Internet, commenters generally did not… Source link

InvestorPlace – Stock Market News, Stock Advice & Trading Tips Investorplace.com – InvestorPlace Litecoin (CCC:LTC-USD) is slowly but surely increasing the number of merchants where you can spend Litecoin. As it does so, the value of the LTC crypto is increasing over time as well. Source: Wit Olszewski / Shutterstock.com Litecoin has been around for a good while and its perceived steadiness — having never had an outage — increases… Source link

Jack Dorsey is resigning from Twitter to spend more time with his other company, Square. In some ways, the choice between Twitter and Square is a straight choice between political clout and profit. Square, a payments platform co-founded by Dorsey in 2009, is worth almost three times Twitter’s current value at about $97bn (£73bn). But Square will never be credited with the equivalent of the “Twitter revolution”, or make headlines by banning a former president. Venture capital is pouring… Source link

Bitcoin (BTC) starts a new week with traders still digesting the impact of the last — a major price drop that at one point saw $41,900. A modest recovery is now competing with some formidable resistance, first of which is $50,000. As a sense of déjà vu pervades markets, analysts are coming to terms with the fact that the end of Q4 2021 will likely not produce the blow-off top that they had anticipated. There is also concern that another, deeper, BTC price floor may have to enter before a… Source link

We explore if Ethereum has the potential to make a come back in 2022 or not With new technologies and advancements are clouding the cryptocurrency space, Ethereum is also at the forefront of major transformation. Over the past month, Ethereum price has been on a roller coaster ride with the digital token reaching an all-time high in November, which eventually fell to a major catastrophe now. At the time of writing, ETH was traded for US$4,180 with a market capitalization of US$495.34 billion…. Source link

Daily Video Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple’s XRP Ethereum Ethereum rose by 1.90% on Sunday. Partially reversing a 2.17% decline from Saturday, Ethereum ended the week down by 2.21% to $4,203. After a mixed start, Ethereum rose to a mid-day intraday high $4,257 before hitting reverse. Falling short of the first major resistance level at $4,385, Ethereum slid to a mid-afternoon intraday low $4,038. Steering well clear of the first major support level at $3,720, however,… Source link

Litecoin Community Join Bitrise, While Bitcoin Plunges 20% Attractive token investors Rewards. Innovative and investor rewarding token economics. One of the highly potent DeFi project. The last few days have not been good for most crypto investors, especially those that invested in . The value of Bitcoin plunged 20%, but this was not a problem with Bitcoin only. Almost all cryptocurrencies, including , have the same problem. Litecoin also dipped, and it has most of its community members… Source link

Litecoin, one of the market’s oldest cryptos, has seen its own share of ups and downs over the years. More often than not, this altcoin has unhesitantly followed Bitcoin’s pre-carved footsteps. The last couple of days have been quite deterring for Bitcoin and most other large-cap coins. Litecoin wasn’t spared from the wider melancholy either. Towards the end of November, LTC’s price typically revolved around $220. Post that, however, it embarked on a southbound journey. At the time… Source link

“Hodl” no more? The grim weekend cryptocurrency drubbing that dragged Bitcoin (BTC) under $50,000 and ravaged other digital coins has decisively tempered the bullishness of investors — some of whom were predicting a run at $100,000 just weeks ago. Fueled by uncertainty over the Federal Reserve inching toward tighter monetary policy in the face of surging inflation, and global fears over the new Omicron variant of COVID-19, the dramatic crash was super-charged by liquidations in the crypto… Source link