Monthly Archives: January 2022

Bitcoin analysts fear new BTC price dip as funding rates drop post Fed

Bitcoin (BTC) created resistance at $37,500 on Friday amid an increasing consensus that a new dive was underway.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Funding signals dip expectations Data from Cointelegraph Markets Pro and TradingView revealed $37,500 as the ceiling which capped price action overnight into Friday. BTC/USD had recovered from a trip to local lows of $35,500 after comments from the United States Federal Reserve, but previous highs still eluded bulls. Now,… Source link

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Bitcoin prices: Top cryptocurrency prices today: Bitcoin, BNB zoom up to 6%; Terra bleeds

New Delhi: The cryptocurrency market staged a quick recovery on Friday as traders saw some value at lower levels. Hawkish comments from US Federal Reserve Chairman Jerome Powell spooked the traders a day before. The central bank will raise interest rates more than four times this year. Barring the US dollar-pegged Tether, Dogecoin and Terra, all other seven out of top-10 digital tokens were trading higher during the trade. Bitcoin jumped 3 per cent and BNB 6 per cent. The global crypto… Source link

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Litecoin (LTC/USD) can see further downside [Video]

Short Term Elliott Wave view in Litecoin (LTCUSD) suggests the decline from November 10, 2021 peak is unfolding as a zigzag Elliott Wave structure. Down from November 10 peak, wave (A) ended at 120.49 and wave (B) rally ended at 154.49. Wave (C) lower is in progress with subdivision as a 5 waves impulse Elliott Wave structure. Down from wave (B), wave ((i)) ended at 133.27 and rally in wave ((ii)) ended at 142.81. The crypto currency extended lower in wave ((iii))… Source link

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Bears target new lows for Ethereum as Friday’s $1.1B options expiry approaches

Ether (ETH) price tumbled below the $3,000 support on Jan. 21 as regulatory uncertainty continues to weigh down the sector and rumors that the United States Securities and Exchange Commission is reviewing DeFi’s high-yield crypto lending products continue to circulate.  On Jan. 27, the Russian Finance Ministry submitted a crypto regulatory framework for review. The proposal suggests that crypto operations are carried out within the traditional banking infrastructure and that mechanisms to… Source link

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Litecoin’s descent to the $104-level could be followed by this…

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The overall market sentiment has been bearish for the crypto-market in recent weeks. Whether this is a brief period of uncertainty before the resumption of a bullish trend for Bitcoin is yet to be seen. In the meantime, the altcoin market has taken a stronger beating. This is how the market operates, and it has bullish cycles followed by times of sharp drops… Source link

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Why Bitcoin, Ethereum, and Dogecoin Are Falling Today

What happened The cryptocurrency market is getting hit with more sell-offs today. Most top-100 tokens have seen valuation slides, and Bitcoin (CRYPTO:BTC), Ethereum‘s (CRYPTO:ETH) ether token, and Dogecoin (CRYPTO:DOGE) were down roughly 0.8%, 2.9%, and 2.5%, respectively, over the last 24-hour period as of 5 p.m. ET Thursday. Rising bearish pressures are gripping the market, and investors have generally become more risk averse lately. Federal… Source link

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SEC Rejects Fidelity’s Wise Origin Bitcoin ETF Proposal – Coindesk

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

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Cryptocurrency Litecoin Down More Than 3% Within 24 hours

Litecoin’s (CRYPTO: LTC) price has decreased 3.42% over the past 24 hours to $108.48, continuing its downward trend over the past week of -24.0%, moving from $142.26 to its current price. The chart below compares the price movement and volatility for Litecoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are bollinger bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or… Source link

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Bitcoin, crypto reverse post Fed gains

Cryptocurrencies lost momentum on Thursday, tumbling sharply after the outcome of the Federal Reserve’s Wednesday Open Markets Committee meeting gave digital coins a fleeting boost. After briefly appearing to decouple from risk-sensitive stocks, Bitcoin (BTC-USD), Ethereum (ETH-USD) and its crypto cohorts ended Wednesday’s whipsaw session in the red, along with Wall Street. The reversal signaled the correlation with equities was not likely to end anytime soon, especially with the Fed poised… Source link

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Litecoin (LTC) Do the Risks Outweigh the Rewards Thursday?

Litecoin receives a low risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a coin can be manipulated by limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values equating to low risk. InvestorsObserver is… Source link

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