This week in coins. Illustration by Mitchell Preffer for Decrypt. Crypto prices were a mixed bag this week. But as of Saturday morning, only a couple of the top 20 coins by market cap are not in the green over the past seven days. That begs the question: have the brutal effects of the recent FTX disaster subsided? Bitcoin (BTC) remains virtually unchanged since seven days ago. It’s down 0.30% from a week ago, according to CoinGecko data, and currently trades at $16,592. Earlier in the week, it… Source link

Bitcoin (BTC) still risks a drop to below $7,000 in this bear market, the latest worst-case scenario prediction warns. In its latest livestream broadcasted on Nov. 24, trading platform DecenTrader revealed targets for a BTC price bottom. Analyst flags “oldschool, rock-hard support” for Bitc The most recent in a series of BTC/USD forecasts, Decentrader co-founder Filbfilb mapped out a potential sub-$10,000 dip on the cards for the pair. “In my worst case scenario, I think that would be… Source link

Ethereum (ETH 2.31%) has followed the same path as the general cryptocurrency market this year. And that’s downward. The general market fell to about $800 billion in value from more than $3 trillion a year ago. Ethereum, the world’s second-biggest cryptocurrency player, is heading for a 68% annual decline. This has been tough on Ethereum investors. But the good news is this performance isn’t a reflection of the top cryptocurrency’s potential. In market downturns, investors tend to favor the… Source link

In the recent crypto crash, a lot of great coins crashed and lost value. Bitcoin was one of the coins that were massively affected by this crash. From having a value above 20K to falling down to the bare minimum, Bitcoin’s price fall news took the market by surprise. This article discusses Bitcoin’s price prediction to predict whether BTC can pump to 20K again or not. Additionally, we also talk about excellent BTC alternatives like D2T , TARO , IMPT, & RIA , which have… Source link

Ethereum’s market cap fell below stablecoins’ market cap  The number of transfers and fees declined The FUD (fear, uncertainty, and doubt) surrounding the crypto market is the reason why the community has been looking for “stability” over the last few days. In a tweet posted by Glassnode, it was revealed that Ethereum’s market cap fell below the overall stablecoin market cap in the last few days. During the chaos of the last few weeks, the #Ethereum market cap… Source link

Litecoin’s price could be rising in advance of its halving in August 2023 – Photo: Shutterstock Litecoin (LTC) made sharp gains in November while most other major cryptocurrencies have been reeling under pressure caused by the FTX crisis. From a low of $47.60 on 9 November 2022, litecoin jumped to a high of $83.66 on 23 November 2022, a 75% gain within a short time. After the sharp rally, litecoin is witnessing profit-booking and has dropped near $74 as of 25 November 2022. One of… Source link

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Closing Bell: Overtime Tom Lee, Fundstrat, joins ‘Closing Bell: Overtime’ to discuss Binance’s crypto recovery fund and the industry overall. 03:15 2 hours ago Source link

I remember the good old days. The beginning of crypto when people were big fans of Litecoin. Many crypto bulls said that if Bitcoin was gold, then Litecoin was silver. I don’t know if that analogy still stands today given Ethereum and many other cryptos. Nonetheless, Litecoin is defying the crypto crash caused by the crypto FTX black swan event. While Bitcoin, Ethereum and other major cryptos are crashing and now ranging, Litecoin hit 6 month highs! In fact, Litecoin has moved up 43%… Source link

The costs against Cøbra were awarded in a copyright case related to the the Bitcoin white paper, the cryptocurrency’s founding manifesto. Wright, an Australian computer scientist, has long claimed to be Satoshi Nakamoto, the pseudonymous inventor of Bitcoin. He accused Cøbra and bitcoin.org of infringing his rights after the website published the white paper, attributed to Satoshi. Wright sought a declaration that, as Satoshi, he owned the copyright. Source link

Barry Silbert, founder and CEO, Digital Currency Group said they can cope with the crypto winter chill. Photo: Heidi Gutman/CNBC/NBCU Photo Bank/NBCUniversal via Getty Grayscale owner DCB has revealed that it is $2bn (£1.65bn) in debt, causing the value of bitcoin to look increasingly precarious due to the company’s digital asset holdings and its ownership of troubled crypto lender Genesis. The Grayscale Bitcoin Trust is one of the world’s largest holders of bitcoin (BTC-USD), with a stash… Source link