The president of El Salvador has some advice for bitcoin investors. He believes investments in the largest cryptocurrency are safe and will “immensely grow” after the bear market. El Salvador’s President on Bitcoin Investments The president of El Salvador, Nayib Bukele, has spoken up about bitcoin investments amid BTC’s heavy sell-off. El Salvador has purchased 2,301 bitcoins since the country made BTC legal tender alongside the U.S. dollar in September last year. With the… Source link

After a weekend of relentless losses, crypto’s top two coins made marginal recoveries on Sunday, rising above $20,000 and $1,000, respectively. BTC has recovered by just over 15% in the last 24 hours, rebounding from a shocking low of $17,772 yesterday, to $20,482 at time of writing, according to data from CoinMarketCap. ETH, which plummeted to $898 yesterday, has recovered over 25% in the last day to $1,130 at time of writing.  The price fluctuations mark at least a temporary reprieve… Source link

Data shows the Bitcoin mining hashrate has already plunged down since the new all-time high as the crypto’s price has continued to struggle. Bitcoin Weekly Hashrate Sharply Trends Downward The “mining hashrate” is an indicator that measures the total amount of computing power connected to the BTC network. When the value of this metric rises, it means more mining rigs are coming online right now. Such a trend may suggest that miners are finding the network… Source link

Investors and traders in the cryptocurrency market thought that there could be nothing worse than the Terra crash of 9 May. Little did they know that the month of June had something much worse in store. For instance, the market cap, once well clear of $2 trillion, fell below the $1-trillion mark. Source: Coinstats Ethereum: Altcoin king no more?  At press time, Ethereum [ETH] had fallen by over 38% in the last seven days as per data from CoinGecko. Furthermore, as per a tweet… Source link

Arman Shirinyan Cardano shows better performance compared to Bitcoin and Ethereum while market enters limbo Contents ADA gains 75% 25% against Bitcoin While the majority of the top-tier assets on the cryptocurrency market are struggling under unseen selling pressure, projects like Cardano are feeling relief as they avoid a massive plunge down and even show significant growth in assets like Ethereum and Bitcoin. ADA gains 75% Unexpectedly, Cardano easily beat top-tier digital assets… Source link

Cryptocurrencies were on a roll last year, rallying to record highs at the height of the crypto boom. Fast forward, the momentum has cooled off, going by deep corrections from record highs with some coins imploding to zero amid an ongoing crypto crash. Cryptocurrencies with unproven use cases or roadmaps for future growth have felt the brunt of a broader market correction. Parody Coin is a new coin that seeks to succeed where many have failed by betting big on non-fungible tokens and the… Source link

© Reuters Litecoin Climbs 11% As Investors Gain Confidence Investing.com – was trading at $49.360 by 05:18 (09:18 GMT) on the Investing.com Index on Sunday, up 10.62% on the day. It was the largest one-day percentage gain since November 9, 2021. The move upwards pushed Litecoin’s market cap up to $3.310B, or 0.40% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $44.990 to $49.360 in the previous twenty-four… Source link

Ethereum (ETH) has fallen below $1,000 for the first time in more than a year as the broader crypto market continues to slide south with no quick remedy in sight, or at least not yet. Ether (ETH) was one of the cryptocurrencies that performed particularly poorly, falling 7.32 percent over the past day to follow Bitcoin’s loss. The second largest cryptocurrency by market capitalization is presently selling at $950, down 37.4 percent in the past week. Examining the bitcoin market as a whole… Source link

Bitcoin further sank to about $17,750 for the first time since December 2020 Saturday afternoon, as the selloff in the crypto market intensifies. Bitcoin’s price is still falling steadily and is currently testing the 2017 all-time high range of $17,000 to $20,000. However, the descent shows no indication of abating, and analysts are  are not quite sure to call a bottom at this time. The following hour, Ethereum followed suit and went below $1,000. These numbers were feared as crucial… Source link

Litecoin [LTC] is one of the few altcoins that is managing to recover the losses gradually. This on all fronts is indicating a possible trend reversal. While resistance from the broader market cues is natural, the support it has from its investors will play a crucial role in helping the cryptocurrency recover quickly. Litecoin under heavy pressure The silver to Bitcoin’s gold has been failing a recovery for more than a year now, ever since it hit its all-time high of $417. On 18 June,… Source link