“The percentage of bitcoin on exchanges continues to decrease. Since the all-time-high at $69,000, Glassnode shows that 42,900 bitcoin has left exchanges,” explained Marcus Sotiriou, analyst at crypto brokerage GlobalBlock, in an email to CoinDesk. “These indicators suggest that as the price has decreased by over 50% over the past few months, whales have been accumulating, whilst short-term holders capitulating. Source link

Solana, Cardano, Matic, Avalanche, Litecoin – Latest News On These Cryptocurrencies by Analytics Insight February 3, 2022 Investors are looking for the latest updates and developments about today’s top cryptocurrencies It’s the third day of February, and it looks like the bear market is coming back again. All the large cryptocurrencies are plummeting, and the market, in general, is dipping. This is not good for the crypto coin holder, but it is an opportunity for investors to… Source link

What happened Cryptocurrencies and crypto-related stocks were under pressure again in Wednesday’s trading. Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) were down roughly 4.5% and 4.1%, respectively, over the previous 24-hour period as of 5:30 p.m. ET, and Coinbase Global (NASDAQ:COIN) saw its stock end the daily trading session down 5.2%. Most top-50 cryptocurrencies are in the red over the last 24 hours of trading, and it looks like investors are… Source link

The crypto market is once again in the red on Feb. 2 as global financial markets continue to see increased volatility.  Data from Cointelegraph Markets Pro and TradingView shows that after spending the morning hovering around $38,200, BTC was hit with a wave of selling that pushed the price to $36,800. BTC/USDT 1-day chart. Source: TradingView Here is what several analysts and traders are saying about Wednesday’s Bitcoin price action and what areas to keep an eye on moving forward. Bulls are… Source link

The developer of the Litecoin (LTC) cryptocurrency, Litecoin Foundation, is announcing a privacy and security-enhancing update. Litecoin Foundation says that the Mimblewimble Extension Block (MWEB) upgrade is now a Release Candidate after undergoing development, testing, reviewing and auditing for years. The MWEB upgrade will be bundled with the Taproot upgrade and released as part of Litecoin Core 0.21.2. Taproot is an update to enhance the privacy and efficiency of the network. Source link

Text size Bitcoin’s price is down by almost half from the record level it hit in November. Dreamstime The… Source link

Litecoin founder Charlie Lee isn’t concerned over MimbleWimble aiding money launderers or a potential regulatory backlash over its new privacy features. Litecoin isn’t as private as you think The MimbleWimble protocol brings scaling by compacting history to make data more manageable and quicker to process and verify. It also uses cryptographic processes to encrypt block inputs and outputs. This means blocks get verified in the usual… Source link

Hump-day provided a hurdle for cryptocurrency prices, which mainly consolidated, after a strong start to February. Bitcoin and ethereum were both trading lower during today’s session. Bitcoin BTC/USD followed up yesterday’s rally with a weak showing on Wednesday, falling by as much as 1.13% as of writing. This decline saw prices hit an intraday low of $38,271.44, following a high of $39,115.13 during Tuesday’s market session, which raised hopes for those targeting $40,000.

Cardano, Matic, Solana, Avalanche, Litecoin – Here’s What New About These Cryptocurrencies by Analytics Insight February 2, 2022 This article features latest update on cryptocurrencies like Cardano, Bitgert, Solana, and more. The competition in the crypto industry is getting stiffer as more crypto projects offering the same products continue to emerge. The race to be the first in key areas has seen the fast development of crypto projects. There are so many new updates in the market,… Source link

Bitcoin (BTC) may have stopped short of $40,000, but this week’s gains have helped spark a more significant breakout for underlying price strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView RSI breaks a two-month tradition Data from Cointelegraph Markets Pro and TradingView shows that sustained BTC price action above $37,000 this week has allowed the relative strength index (RSI) to diverge from a multi-month downtrend. After going from $36,700 to $39,280 in February,… Source link