In traditional markets, the dollar index, which tracks the greenback’s value against major fiat currencies, rose for the third straight day as hawkish Federal Reserve (Fed) expectations, elevated crude prices and recession fears kept the world’s reserve currency in demand. Source link

As far as cryptocurrencies go, Litecoin [LTC] arguably mastered the art of staying on the fringes and minding its own business. Now, it seems things are changing as LTC’s recent stats and performance have earned it a good amount of attention from the industry. Go Lite on the drama That being said, a trader shouldn’t assume that LTC is on a bull run. After all, at press time, the 22nd biggest crypto was trading at $126.30 after rising by 0.70% in the past 24 hours, but falling by 4.31%… Source link

Bitcoin has traded between $30,000 and $50,000 from the start of 2022 to date. During that time, the mining industry has grown by leaps and bounds, as evidenced by steadily increasing difficulty and well over 200 exahashes (EH) of total computing power. But regardless of price and other metrics, new blocks and their rewards keep coming at a pace of roughly 900 new bitcoin mined per day with the current 6.25 BTC subsidy per block. So, what are miners doing with their coins amid choppy price… Source link

Vitalik Buterin, the founder of Ethereum (ETH), recently expressed his concerns about Ethereum’s future. However, attendees of the recent ETHDubai event voiced mixed sentiments over Buterin’s talk on crypto’s perils. In an interview, Ethereum’s founder pointed out some of his worries regarding the platform. This includes the platform being populated by players who are only after profit and deviate from the original vision of an egalitarian platform. “If we don’t exercise our voice,… Source link

Text size A rally more than a week ago lifted bitcoin prices above the key $45,000 level. Dreamstime … Source link

Like with traditional computer networks, every blockchain protocol has a different capacity tolerance. There is only so much traffic they can take before they become congested. In turn, this traffic overload results in high transaction fees, especially when it comes to the largest smart contract platform—Ethereum. The solution to this network congestion problem is simple—layer 2 networks attaching to Ethereum’s core, layer 1 chain. These L2 scalability solutions act like roads… Source link

The native token behind Lido Finance surged more than 10% over the past 24 hours, jumping from roughly $4.25 to a peak of $4.82, according to data pulled from CoinMarketCap. LDO has since retraced some and is now trading at $4.56, up 6.7% on the day. The project’s token is a governance token, letting holders vote on proposals and adjust fee parameters within Lido Finance. Today’s move is only the latest in what has been a very bullish week for LDO; in the last seven days, the token has… Source link

Bitcoin (BTC/USD) Analysis Key Highlights BTC traded flat between $47,458 and $45,565 for the past three days. The pair faced some downside pressure after upbeat US jobs data. It is struggling to close above the 200-day MA. Technical Analysis Intraday trend – Bearish On the daily chart, BTCUSD is trading above Tenken-Sen ($46,167), Kijun-sen ($42,900), and Ichimoku Kumo cloud ($40,539). It hits an intraday low of $45,773 and is currently trading around $45,974. Major support is seen at $44,000,… Source link

Bitcoin price tightens around the yearly open at $46,198, before establishing a directional bias. Ethereum price grapples with the 200-day SMA at $3,489 trying to move higher. Ripple price also struggles with uptrend as it hovers around the $0.85 barrier. Bitcoin price is bracketing around the yearly open and shows no signs of breaking out. Moreover, a directional bias seems to be absent. Ethereum and Ripple are both facing crucial hurdles, the clearing of which… Source link

Bitcoin (BTC) starts a new week and a new quarter as if it were starting the new year — at just over $46,000. In what will seem like some serious deja-vu for hodlers, BTC/USD is at practically the same level it was on January 1, 2022. Price action has been quiet — too quiet, perhaps — in recent days, but behind the declining volatility, there are signs that the market is busy deciding its future direction. From macro to on-chain, there are in fact plenty of cues to keep an eye on in April… Source link