Monero price is moving sideways after the latest minutes by the Federal Open Market Commission (FOMC). The XMR coin is trading at $177.90, which is about 35% above its lowest level this year. Privacy coins in focus Monero is a leading cryptocurrency that was built to solve some of the biggest challenges in Bitcoin’s ecosystem. The network is relatively faster than Bitcoin and the cost of transactions is significantly lower. Monero sets itself apart when it comes to its privacy credentials. The… Source link

Bitcoin (BTC) miners are selling off coins from their stockpiles and shares in their companies after the profitability of mining took a dive since November. With Bitcoin currently holding around $43,500, about 33% below the all-time high (ATH) of about $69,000, miners are selling at a less-than-opportune time. However, electricity and equipment bills must be paid. Data from on-chain analytics firm Glassnode shows that Bitcoin miners have become net sellers after being net hodlers for months.

The cryptocurrency market remains in a state of flux as investors are once again focused on what steps the U.S. Federal Reserve might take to combat rising inflation and markets wobble as the situation in Ukraine remains tense. Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin (BTC) has hovered around the $44,000 support level and traders are hopeful that an inverse head and shoulders chart pattern will lead to a sustained bullish breakout. BTC/USDT 1-day… Source link

While Ethereum (CRYPTO: ETH) was trading lower most of Wednesday — cooling off after having a strong green day yesterday — the crypto took a turn in the late afternoon and is trading slightly up again. The crypto has been rebounding the past few weeks after seeing a strong bear market for a couple of months. The crypto has been nearing resistance and could see a breakout in the coming weeks if the bullish trend continues. Ethereum was up 0.14% at $3,139.60 Wednesday at… Source link

Bitcoin price seems ready for another uptrend as it recovers from its recent pullback. This resurgence of bullish momentum for BTC seems to be seeping into Ethereum, Ripple and other altcoins. SafeMoon attempts breakout that could launch SFM more than 15% SafeMoon price has been under intense selling pressure over the past nine trading days. After falling more than 26%, it finally found support against a prior traded low in the $0.0014 value area. Since then,… Source link

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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Bitcoin was trading just beneath the $44.4k resistance level, but it appeared healthy enough to move toward $46k in the next few days. The reaction of Bitcoin at the $46k-$47k area could set the tone for the next move for the market- either a bullish couple of weeks as BTC marched toward $52k, or a bearish one in case the recent relief rally was wiped out by… Source link

Image source: Getty Images Managing Partner at Fundstrat Global Advisor, Tom Lee, has a $200K price target for Bitcoin, but a lot would have to happen to hit that this year. Key points Bitcoin’s current price action is trading at a 35% discount off its peak. More than 90% of all Bitcoin coins… Source link

Litecoin receives an average 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… Source link

Litecoin price action undergoes some profit-taking around the crucial technical indicator. LTC set to continue on the wings of the relief rally after some positive signals out of Moscow. Expect the relief rally to continue over into the end of the week, with around 11% of gains on the table. Litecoin (LTC) price formed a big bullish candle yesterday as a relief rally sparked by news that Russia will pull back some of its troops from the Ukrainian border took place… Source link