Early today, the gap between the one-month London Interbank Offered Rate (LIBOR) and Fed rates for one-month contracts widened the most since March 2020, according to Bloomberg. The widening of the spread represents tighter liquidity for the dollar, the global reserve currency. Source link

“Hodling” really is the way when it comes to accumulating Bitcoin (BTC). At least, that’s the conclusion made by an artificial intelligence (AI) trading bot coded up by a Portuguese software developer. Bitcoiner Tiago Vasconcelos is the man behind the trading experiment. Vasconcelos built an AI trading bot that would help him accumulate more Bitcoin and test his coding skills. Almost inconceivably, instead of trading, the bot quickly concluded that the best way to trade Bitcoin is to… Source link

Cryptocurrencies and the metaverse. It sounds like a match made in investors’ heaven. Both could offer tremendous growth prospects over the next decade and beyond. Unsurprisingly, investors are already placing their bets on the intensifying horse race among metaverse cryptocurrencies. There could be a dark horse in the competition, though. Could Ethereum ( ETH 1.08% ) be the biggest metaverse cryptocurrency winner of all? Image source: Getty Images. One common… Source link

Litecoin price completed its bear trap after setting a swing low below the January 22 low at $96.39. The resulting upswing will propel LTC to contend with the $117.80 and $124.09 hurdles. A four-hour candlestick close below $91.61 will create a lower low and invalidate the bullish thesis. Litecoin price is experiencing a pullback after it experienced a quick run-up. The price action prior to the minor rally plays a crucial role in identifying trend reversals;… Source link

Bitcoin (BTC) starts a new week in the shadow of a new geopolitical conflict — what are the main hurdles that investors face? In what has become an unrecognizable macro-environment compared to even days ago, Bitcoin, like many other assets, is feeling the pressure. Russia’s invasion of and subsequent war against Ukraine is wreaking havoc on global markets, and developments can upend sentiment within hours or just minutes. The timing has hit Bitcoin, too — its “safe haven” quality is… Source link

The Russian currency plunged over 8% to 90 per U.S. dollar last week and extended the slide by another 28% early today, reaching a record low of 118 per dollar, according to Bloomberg data. Gold, U.S. treasuries, the U.S. dollar and the Swiss franc have been the beneficiaries of the flight to safety. Source link

The processing power behind the Bitcoin network has dropped 30% since the hashrate’s all-time high (ATH) on February 15, sliding from 249 exahash per second (EH/s) to 169 EH/s. Furthermore, four days from now, the network’s mining difficulty is expected to increase following the 4.78% epoch change on February 17. Bitcoin Hashrate Drops From 249 Exahash per Second to 169 EH/S in 12 Days From January 13 to February 15, Bitcoin’s hashrate was coasting along at record highs for… Source link

Mining Litecoin (LTC) is a great way to put your computer to use and earn some income. The digital currency is one of the easiest cryptocurrencies to mine at home. It’s also less volatile than many other altcoins. Just about anyone can take a crack at mining cryptocurrency. To mine Litecoin, you need Litecoin mining hardware and the necessary software. This article will look at the best software and hardware for mining Litecoin. Best Litecoin Mining Hardware To profitably mine… Source link

After wicking down towards $2300, ETH turned short-term bullish as the uncertainty around the Russia – Ukraine conflict faded. Both crypto and global markets soared over the past few days. As of writing these lines, ETH is testing the key resistance level at $2800. Key Support levels: $2500, $2300. Key Resistance levels: $2800, $3000. ETH will look forward to breaking above the $2800 key level and turning it into support in the near term. If successful, ETH will likely… Source link

Bitcoin (BTC) faced down $40,000 on Feb. 27 as hopes for the weekly close hinged on avoiding a fourth red monthly candle in a row. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Tensions mount for TradFi markets open Data from Cointelegraph Markets Pro and TradingView showed BTC/USD making several attempts to break out of the $30,000-$40,000 corridor Sunday, all of which ended in rejection. The pair had stayed broadly higher throughout the weekend, cutting traders some slack after… Source link