Bloomberg’s closely followed senior commodities strategist, Mike McGlone, is expressing bullish sentiment on crypto assets once inflation is wiped out. McGlone says in an interview that he expects Bitcoin (BTC), Ethereum (ETH) and other crypto assets to “come out ahead” once deflation sets in as a result of the Federal Reserve hiking interest rates to contain inflation. “[The Fed hiking rates is] going to lead to a really good, more productive markets where stock markets… Source link

The price of ether fell Thursday after the Ethereum network completed its migration to the proof-of-stake consensus mechanism, also known as the “merge.” Ether was last down about 5% to $1,511.99, after falling as low as $1,459.00 earlier, according to Coin Metrics. Traders had expected to see a decline in the price following the transition late Wednesday night. related investing news Young investors should trust the markets, not try to time it, this long-time money manager says “It is important… Source link

© Reuters Chinese Court Approves Litecoin but Not Its Use as Legal Tender A Chinese court ruled that its citizens may trade in crypto but must not use it as legal tender. The judge emphasized the absence of rules forbidding viewing as an illicit asset. China courts have rendered inconsistent rulings on the handling and trade of digital assets in recent times. Despite the nation’s ban on digital asset services, a Chinese court has decided that its people may continue to trade… Source link

Litecoin price consolidates after a whipsaw 13% move from high to low on Tuesday. LTC price further oscillates with lower highs and higher lows on Wednesday and Thursday. Expect a possible bearish break as the 55-day Simple Moving Average gets pierced with each move to the downside. Litecoin (LTC) price sees traders trying to wrap their minds around what happened on Tuesday when bulls managed to pierce through an impenetrable wall that bears had cemented at $65.08…. Source link

Bitcoin (BTC) spent a second day threatening $20,000 support on Sept. 15 as markets processed the Ethereum (ET Merge. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC stuck between price magnets’ Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking below $20,000 again overnight to recover marginally above the boundary for a brief period. The largest cryptocurrency broadly failed to regain lost ground after surprise United States inflation data on Sep. 13… Source link

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Recent Litecoin price analysis shows that the LTC/USD pair is currently in a bullish trend. The market has seen strong selling pressure, which has caused the prices to fall to $58.72. The support for the LTC price is present at this level, and it is expected that the prices will recover soon. However, if the selling pressure continues, the prices may fall further to $57.50. ITB Widget Example The LTC/USD pair is currently facing rejection at $60.85. This is a key resistance level, and… Source link

File photo of Ethereum co-founder Vitalik Buterin speaking at ETHDenver on February 18, 2022 in Denver, Colorado.Photo: Michael Ciaglo (Getty Images) The Ethereum network, which powers the second largest cryptocurrency in the world, completed a long-planned upgrade known as “The Merge” early Thursday, moving from a proof-of-work system to a proof of stake system. And nothing catastrophic has happened yet, despite plenty of dark predictions by an army of short-sellers. 02:49 Guess How Much… Source link

Monero recently announced an upgrade that can easily be dismissed as another run-of-the-mill security update. A deeper dive, especially in regards to the reason behind the upgrade reveals that it is an important upgrade for security future-proofing. Monero has been consistent especially when it comes to security updates. So much so that it has been assessing its network’s resilience against future threats. AI has progressed rapidly in the last few years and it is currently… Source link

Text size Bitcoin prices have underperformed Ether in the weeks leading to “The Merge.” Dreamstime … Source link