Traders are positioning for a surge in ethereum prices, betting that Wall Street’s top securities regulator will next year give the go-ahead for a US exchange traded fund tracking the world’s second-biggest cryptocurrency. Pricing in options, tools that let investors bet on future movements in financial assets, suggest market participants are wagering that ethereum will more than treble to $15,000 by March next year. The move comes a week after the Securities and Exchange… Source link

Litecoin price is pausing after dropping 9% on October 28. LTC might continue its descent by another 9% to retest the stable support floor at $163.89. A bounce from this barrier could kick-start a new rally to $232.94. Litecoin price failed to sustain its ascent that began on September 30. This inability of the buyers led to a crash on September 27. While this descent might continue, it will set the stage for a new leg up. Litecoin price anticipates further… Source link

Litecoin Falls 11% In Selloff Investing.com – was trading at $179.433 by 20:58 (00:58 GMT) on the Investing.com Index on Thursday, down 11.14% on the day. It was the largest one-day percentage loss since September 7. The move downwards pushed Litecoin’s market cap down to $12.374B, or 0.51% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $179.433 to $182.484 in the previous twenty-four hours. Over the past… Source link

The price of one bitcoin fell more than 5% Wednesday and was trading around $59,000, 12% below last week’s record levels. For any other asset, like a stock or bond, a drop that steep in such a short time would be considered a market correction. For bitcoin, it’s just business as usual. Crypto investors have come to accept that bitcoin is volatile. Despite more than 13,000 cryptocurrencies listed on CoinMarketCap — ranging from dogecoin and shiba inu to more obscure tokens with even goofier… Source link

Since EIP 1559 was implemented on Aug. 4, 620,000 ETH at a market value of $2.6 billion has been burned through transaction fees. Using that burn rate and the current network demand metrics, Ethresear.ch found that around 2.5% of ether’s circulating supply would be burnt annually. Under proof-of-work, the 2.5% burn only offsets a portion (~39%) of ether’s emission schedule. However, emissions fall drastically post-Merge, potentially even making the asset deflationary. Source link

The crypto market has been on a bullish run during most of October, as the sentiment improved. BITCOIN broke above the all-time high of $65,000 which was a major psychological barrier, improving the sentiment further and pulling the rest of the market up with it. But, the last few trading sessions have been negative for cryptocurrencies, as Bitcoin retreats below $60,000. Ethereum and Litecoin have also retreated and have entered the neutral zone again, so this might be the beginning of a… Source link

Bitcoin slid below US$60,000 as euphoria over the first U.S. crypto ETF dissipated and traders took profits following a record-breaking rally.  The biggest digital asset by market value fell as much as 6.4 per cent to US$58,132, reaching the lowest intraday price in almost two weeks. It climbed to US$66,976 on Oct. 20. Ether also sank about 6 per cent and smaller tokens took a hit, with Dash and EOS each tumbling more than 10 per cent. The Bloomberg Galaxy Crypto Index, which tracks some… Source link

Bitcoin is trading with a heavy tone amid signs of excess leverage and greed in the market. The largest cryptocurrency by market value was changing hands near $58,900 at press time, representing a 2.3% drop on the day. It is down 12% from last week’s record high of $66,975, CoinDesk 20 data shows. A pullback was overdue, and more downside volatility could be in the offing, according to analysts. “Estimated leverage ratio is about to hit a year-high. It seems obvious that the market is… Source link

Last week, bitcoin had almost touched $67,000. Photo: Reuters Bitcoin’s price crashed on Wednesday morning, falling below $60,000 (£43,725), just a week after hitting a new all-time high. At the time of writing, bitcoin (BTC-USD) was down roughly 6% to trade at $59,115. Last week, it had soared to an all-time high of around $67,000, a day after the first-ever bitcoin futures exchange-traded fund (ETF) in the US made its debut on the New York Stock Exchange (^AMZI). Ethereum (ETH-USD), the… Source link