Monero is moving in an uptrend pattern while taking the support of the trend line with the current market price of $148. About a month back, after a constant downfall in price, the XMR token began to mount upwards as the bulls showed buying interest. There was a formation of a bullish engulfing pattern on the daily chart, and the price continued to ascend, closing above the last peak of $132. Once the Monero price reaches the top horizontal line of $208, a breakout for higher highs can be… Source link

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Following a week of strong growth and rallying altcoins, the market just saw the mild correction that put most digital assets into the “red zone,” but Monero seems to ignore the current tendency, especially after showing a 25% growth in the last seven days. Since the middle of June, XMR gained more than 50% to its value mainly because of the recovering industry and the increased demand for privacy-oriented assets. Monero still remains the most popular tool for moving funds in the… Source link

Bitcoin was trading lower in today’s session, as it was revealed that Tesla had sold 75% of its holdings in the cryptocurrency. The news comes following the company’s Q2 earnings call, where they confirmed converting the token into fiat currency. Ethereum was also lower on the news. Bitcoin Following a recent run of gains, bitcoin (BTC) fell lower in today’s session, after it was revealed that Tesla had sold 75% of its holdings in the token. Tesla stated that, “As of the end… Source link

In recent times, cryptocurrency has become one of the viable means to get rich and amass wealth. Tokens like Bitcoin (BTC) and Ethereum (ETH) have made their early adopters a lot of money. With their amazing features, they have turned in huge profits and have successfully placed themselves at the top of the pyramid of cryptocurrencies being used globally. As new tokens flood the market every day, new investors go about looking for the next Bitcoin (BTC) or Ethereum (ETH). Nevertheless, this… Source link

Litecoin [LTC] is up roughly 25% in the last seven days as the bullish market conditions pave the way for some upside. However, unlike most of its counterparts, LTC did not manage to sum up enough buying pressure to push out of its four-week range. Litecoin’s price of $58.68 on 20 July had already started to show signs of losing momentum after the latest rally. The last time the price retested the same price level was between 24 and 25 June after a mid-month rally. The same… Source link

Under the tool, the policymakers may commit to purchasing assets, perhaps bonds of indebted nations, to limit divergences in bond markets of the bloc’s strongest and weakest countries. Bond purchases, also known as quantitative easing, inject liquidity into the financial system. The Fed, ECB and other central banks launched QE programs following the crash of March 2020, sparking spark risk-taking across all corners of the financial market. Source link

If you were looking to place a healthy short position this week, Monero [XMR] might be a good option especially after its recent rally. The altcoin had a solid bull run from its latest local low and had already started showing signs of weakness at press time. Monero topped out at $152.80 on 20 July, before pulling back to its press time price of $146.30. Its recent top represents a 54% gain from $96.50, its lowest price in 2022 which it achieved on 18 June. XMR’s latest… Source link

Cryptocurrencies have gained immense popularity in recent years, owing to several factors with one of them being the anonymity feature. Though most of them are aimed to enhance the privacy and anonymity of transactions, whether they achieve success or not, is unpredictable. While some cryptos allow public viewing of their transactions, others do not and keep the privacy feature as their top priority. One such privacy coin is Monero, which is mainly sought-after for its privacy-oriented… Source link

Monero [XMR] seems to be one of the most prepared altcoins to make the most of this recent crypto resurgence. After a bit of relief from the market crash, the private cryptocurrency looks to be running toe to toe with the crypto king, Bitcoin [BTC]. XMR traded at $146.81 at press time but that’s not the catch here. It was close to matching BTC in terms of transactions carried out in the last 24 hours. As of this writing, there were 46,993 transactions using XMR. Besides… Source link