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New Delhi: In a sudden move, Bitcoin dropped sharply on Friday, touching its 3-week low. The largest digital token lost more than 8 per cent to slip below the key psychological level of $22,000. The exact reason for this sudden fall could not be ascertained immediately. But on a technical basis, the strength of bulls is apparently waning, said analysts. According to markets experts, the traders were digesting the US FOMC minutes which hinted that bankers are unlikely to slow down the path… Source link

Privacy is something that every company values. Or do they? There have been numerous accounts of privacy leaks that result in you receiving advertisements from various companies. While this violates your privacy, some cryptocurrencies look to re-establish the trust between the user and the company. PrivaCrip (PRCR) and Monero (XMR) are two cryptocurrencies that assure your assets are kept private and secure. Monero is an established cryptocurrency that uses… Source link

The king of cryptocurrency, Bitcoin [BTC], suffered a massive plunge in its price in June when the crypto market crashed, marking 2022 lowest of $18,154. However, soon after, the coin gained a steady uptrend for the next two months. BTC also managed to cross the $24,000 mark, giving hope for a massive bull run soon. But with recent developments, the situation may witness a change. At the time of writing, BTC was trading below the $24,000 mark, at $23,491, with a market… Source link

The king of cryptocurrency, Bitcoin [BTC], suffered a massive plunge in its price in June when the crypto market crashed, marking 2022 lowest of $18,154. However, soon after, the coin gained a steady uptrend for the next two months. BTC also managed to cross the $24,000 mark, giving hope for a massive bull run soon. But with recent developments, the situation may witness a change. At the time of writing, BTC was trading below the $24,000 mark, at $23,491, with a market… Source link

To ensure the successful launch of its DAO (decentralized autonomous organization), Gnosis Safe announced plans Thursday to airdrop 50 million SAFE tokens to thousands of Safe wallets. Gnosis Safe uses smart contracts to support its multi-signature wallet. A multi-signature or multisig wallet requires more than one person’s signature to execute transactions. Gnosis Safe allows users to securely store Ethereum and ERC20 tokens and interact with decentralized applications. Last month, Gnosis… Source link

In macroeconomic news, 250,000 Americans filed initial jobless claims for the week ending Aug. 13, falling short of expectations of 265,000. The four-week average for initial jobless claims dropped 2% to 246,750, falling short of forecasts of 257,000 jobless claims. The unexpectedly strong job figures offer the latest evidence the U.S. economy remains strong, even as other indicators show growth is slowing. Investors have been hoping recent U.S. Federal Reserve hawkishness will lick… Source link

Very favorable winds are blowing in the cryptocurrency market, which have survived the uncertainty. Many investors have started to gain profitability during this period when they evaluate buying opportunities. In this process, which is expected to continue in the long run, altcoins are expected to attract great attention. In addition, there is great interest in new projects by those who want to make safe and risk-free purchases. An exciting time with many prospects lay ahead. Adirize DAO… Source link

Bitcoin (BTC) briefly broke above $25,000 on Aug. 15, but the excitement lasted less than an hour and was followed by a 5% retrace in the next five hours. The resistance level proved to be tougher than expected but may have given bulls false hope for the upcoming $335 million weekly options expiry. Investors’ fleeting optimism reverted to a sellers’ market on Aug. 17 after BTC dumped and tested the $23,300 support. The negative move took place hours before the release of the Federal Open… Source link

Bitcoin (BTC) long-term holders are knuckling down as a record portion of the BTC supply stays dormant for years. Data from on-chain analytics firm Glassnode confirms that the percentage of the supply now stationary for at least five years is higher than ever. 2017 BTC buyers not this year’s sellers Bitcoin has recovered almost 40% from its macro lows of $17,600 just two months ago, but for the cryptocurrency’s diamond hands, it has been a non-event. Those who purchased BTC in 2017 or earlier… Source link