European shares declined, following a sell-off on Wall Street, with shares in technology companies under pressure after streaming group Netflix warned on subscriber growth. The regional Stoxx 600 equity gauge fell 1.3 per cent in opening dealings on Friday, while London’s FTSE 100 slid 1.2 per cent. In Asia, Hong Kong’s Hang Seng fell 0.1 per cent and Japan’s Nikkei 225 declined 0.9 per cent. Technology stocks were among the worst performers on Friday on the Stoxx 600, with the index… Source link

Ethereum price slid below two critical levels of defense as the bears kickstarted a sell-off. A 14% decline toward $2,452 is put on the radar, given by the prevailing chart pattern. The bulls would need to reclaim $2,870 as support to reverse the period of underperformance. Ethereum price has dropped below two significant footholds on January 21, as selling pressure increased. ETH could be at risk of declining an additional 14%, a pessimistic forecast given by the… Source link

Ether, Solana, and other L1s also slip during Asia trading day Jan 21, 2022 at 4:11 a.m. UTC Updated Jan 21, 2022 at 4:11 a.m. UTC Bitcoin’s price fell below $40,000 for the first time in months in the early hours of Jan. 21. (CoinDesk Bitcoin Price Index) Source link

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Litecoin price made an attempt to terminate the current downtrend. Critical resistance prevented any further upwards momentum. Bears could drop Litecoin to $70. Litecoin price continues to trend lower, threatening to create new six-month lows, perhaps even surpassing the 2021 lows.  Litecoin price positioned for a 40% move lower, extending the bearish oulook Litecoin price action may soon entice a large number of sellers still on the sidelines to finally… Source link

Phira Phonruewiangphing/iStock Editorial via Getty Images I’ve written quite a few articles (I, II, III) on how the Grayscale Litecoin Trust (OTCQX:LTCN) was one of the craziest things happening in the market, even on a market where madness wasn’t hard to find. The craziness, at the time, manifested itself through massive premiums over what the trust actually held: Litecoin (LTC-USD). Of course, since then the craziness all faded as more and more shares unlocked. However, recently,… Source link

Joe DiPasquale, the CEO of the crypto fund BitBull Capital, said investors were initially upbeat about a study by the U.S. Federal Reserve on a digital dollar. “Any news that comes from such an official sources lends crypto credibility, and that credibility leads to increased demand,” DiPasquale said. Source link

Looking to get into Ethereum? You can buy and earn interest on Ether with Gemini! If you’ve spent any time in the past few years reading about the digital assets space, or more broadly the news this past year, then you’ve heard about Ethereum, especially in the context of Bitcoin and other cryptocurrencies.  Curiously, Ethereum seems to simultaneously refer to a cryptocurrency, a standalone blockchain and a Layer 1 network for other blockchains and decentralized finance… Source link

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Mayor Eric Adams announced Thursday that he will be converting the initial income from his new job to cryptocurrencies, after he pledged last year to take his first three paychecks at City Hall in Bitcoin. Adams will convert his first paycheck, which he will receive Friday, to cryptocurrencies Ethereum and Bitcoin, the mayor said. “New York is the center of the world, and we want it to be the center of cryptocurrency and other financial innovations,” he… Source link