Welcome to Newsweek‘s cryptocurrency news: in this daily update we will be looking at the movement and outlook for major cryptocurrencies, including Bitcoin, with a technical analysis. Meanwhile, the Newsweek Cryptocurrency Index has data on 11 currencies, with individual strength comparisons. Bitcoin (BTC/USD) Analysis Key Highlights BTC has gained more than $1,000 after the Fed’s Monetary Policy decision. The central bank hiked rates by 25 basis points, as expected. The hopes of a Russia and… Source link

The Metaverse has catapulted onto the public domain since November 2021, when Mark Zuckerberg announced that Facebook would be rebranded to Meta, to bring the Web 2.0 giant into the popular virtual world. The new cryptocurrency Seesaw Protocol (SSW) is already making waves in the crypto world, with a value increase of over 30% in recent weeks. As the crypto draws near to the end of its pre-sale phase 2, it could become the next Millionaire maker coin and follow in the footsteps of giants… Source link

Litecoin is currently trading just shy of the $110 level of resistance after a 13.7% bounce over the past 10 days. The industry’s 21st largest asset by market cap remains in a troubling downtrend on all higher time frames in spite of signs of promise in the short-term. If Litecoin can rally and begin to close daily candles above the $119 level of resistance, it would begin to form the hallmarks of a bullish reversal. However, the most notable level of resistance is at… Source link

“Since the last days of February, there has been a solid support line on the declines under $38,000,” Alex Kuptsikevich, a market analyst at FxPro, wrote in an email to CoinDesk. “And this is bullish strength, reflecting that long-term buyer interest has migrated from $30,000 to $38,000 due to inflation and geopolitical tensions. Source link

Cryptocurrencies remain uncertain, with the sentiment turning on and off every few days, which has forced them to trade within a tight range. Fantom and Litecoin remain bearish, although they have found support at some major levels and are starting to reverse higher, so let’s see if they can shift the trend now. Fantom is a network of blockchains built on Ethereum, where new projects can be built and connected to the mainnet. This brings scalability and avoids congestion, which has made… Source link

You cannot have Monero going higher for any sustained amount of time without the big coins doing the same thing. Monero has rallied a bit during the trading session on Wednesday as we are dancing around the $190 level. The 50 Day EMA sits underneath and is offering a bit of dynamic support, but at the same time, we have the 200 Day EMA above at the $210 level offering resistance. In other words, we are currently being squeezed between these two major indicators. Advertisement If we do break… Source link

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

The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. The latest United States producer price index (PPI) figures were released yesterday morning showing a 10% annual index change. The PPI tracks price changes received for goods and services across domestic producers and will be an important key input in the Federal… Source link

The below is a direct excerpt of Marty’s Bent Issue #1179: “Stratum V2 progress spotted in the wild.” Sign up for the newsletter here. Here’s something very encouraging to see; a working demo of Stratum V2 in the wild. Even better, a working demo dropping on the same day as a thorough report on Stratum V2 from the mining team at Galaxy Digital. via Galaxy Digital For those of you freaks who are unaware of or have forgotten what Stratum V2 is and why it’s important; it is a new mining pool… Source link

Over the past two months, Bitcoin (BTC) has respected a slightly ascending trend, bouncing multiple times from its support. Even though that might sound positive, Bitcoin’s performance year-to-date remains a lackluster negative 14%. On the other hand, the Bloomberg Commodity Index (BCOM) gained 2% in the same period. Bitcoin/USD 1-day candle chart. Source: TradingView The broader commodity index benefited from price increases in crude oil, natural gas, gold, corn, and lean hogs. Worsening… Source link