Bitcoin (BTC) focused on $21,000 into the weekend amid warnings that volatility could still consume the market before Monday. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView S&P 500 sees second best week of 2022 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD broadly higher in its recent trading range after U.S. stocks ended the week strong. As noted by markets commentators Holger Zschaepitz, the S&P 500 sealed its second best week of 2022, indicative of modest… Source link

Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the Digital Money has gained 5.13% to $58.28. InvestorsObserver is giving Litecoin a 27 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin! Moderately Volatile InvestorsObserver gives Litecoin a moderate volatility rank of 27, placing it in the bottom 27% of cryptos… Source link

While the price of bitcoin is holding above the $21K per unit range, four bitcoin block rewards mined in 2010 were spent for the first time in over 11 years. The four block rewards were mined between September and October 2010 and the 200 bitcoin worth $4.27 million were transferred to an unknown wallet. 4 Consecutive Block Rewards Spent on June 24, Data Suggests Spends Were Executed by a Single Entity A large number of so-called ‘sleeping bitcoins’ have awoken from slumber as… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt. Crypto markets have recovered a bit, following last week’s brutal crash that shaved off more than 30% of the value from leading coins Bitcoin and Ethereum, which dropped to levels not seen since 2020. Bitcoin is up more than 10% over the last seven days, trading for $21,013 as of this writing, and Ethereum reclaimed even more territory, surging more than 19% to $1,189. Polygon’s week was even better: It rose almost 59% to… Source link

Vladislav Sopov Galaxy Digital’s analyst Christine Kim, host of Mapping Out Eth 2.0 podcast, shared details of Ethereum’s latest ACD and next steps on road to The Merge Contents Seven “shadow forks” allowed to identify synchronization problems Sepolia Merge expected on July 6 Yesterday, June 24, 2022, Ethereum’s All Core Devs Call #141 summarized the results of the seventh “shadow fork” and suggested solutions for node synchronization issues. Seven “shadow forks” allowed to… Source link

ETH moved into the $1,200 region to start the weekend, as prices rose for a third consecutive session. Bullish sentiment has been missing from crypto markets in recent months, however the timely return also saw BTC near its highest point this week. Bitcoin Bitcoin entered the weekend trading in the green, as bulls extended their recent run for a third consecutive session. Following a low of $20,794.19 during Friday’s session, BTC/USD rose to an intraday peak of $21,520.91 on… Source link

One Ethereum (ETH) competitor is taking a massive hit after hackers drained approximately $100 million worth of crypto from its cross-chain bridge. The Harmony (ONE) team says the breach occurred on the morning of June 24th on the Horizon bridge, which enables users to move crypto assets between Ethereum, Binance Smart Chain and Harmony. “The Harmony team has identified a theft occurring this morning on the Horizon bridge amounting to approximately $100 million. We have begun… Source link

At its peak, Ethereum (ETH 1.84%) had a market cap of just under $550 billion. Today, Bitcoin (CRYPTO: BTC) and Ethereum combined have a market cap of less than $550 billion. There’s no sugarcoating the fact that the crypto sell-off has been swift and brutal. That Ethereum is down nearly 80% from its high is a compelling reason to consider buying it now. However, an even better investment thesis is the multidecade growth that Ethereum could achieve if it transitions from… Source link

Miners on the Ethereum network witnessed a decline in profitability as the price of Ethereum slumped in the recent crypto bloodbath.  Electricity consumption of some of the largest cryptocurrency networks dropped by as much as 50% as miners were forced to shut shop.  Ethereum price witnessed a trend reversal and analysts predict a continuation of ETH uptrend.  Ethereum price rally continues despite the drop in mining profitability. With the decline in Ethereum… Source link

It has been hard for ETH traders to avoid panicking in the last few months as ETH continued to sell with no end in sight. The bears have been easing off their assault every once in a while, paving the way for minor relief rallies. However, even those have been short-lived and the bears continue to show their strength. A similar scenario is taking place right now following ETH’s latest crash. The market has experienced a few days of relative calmness and some upside…. Source link