Litecoin (LTC) has emerged as one of the rare winners in the ongoing cryptocurrency market meltdown led by the FTX exchange’s collapse. LTC price outperforms BTC, ET The 2011-born altcoin rallied nearly 16% month-to-date (MTD) to reach $62.75 on Nov. 22, outperforming its top rivals, Bitcoin (BTC) and Ether (ETH), which lo approximately 25% and 30%, respectively, in the same period. LTC/USD daily price chart. Source: TradingView Furthermore, the LTC/BTC price also rallied to new heights, gaining… Source link

With traditional financial markets in a flux over recession fears, investors are keeping away from risky assets, including many cryptocurrencies. This has resulted in a massive fall in prices of high-value crypto assets like Monero (XMR) and Maker (MKR) this year. Interestingly, investors are showing much interest in new tokens like Snowfall Protocol (SNW) (SNW), which has witnessed a sharp jump during the first phase of presale. In this article, we take a look into how Monero (XMR), Maker… Source link

 LTC’s price continues to hold strong as the bull refuses to give in to the FTX fiasco as price trends are above $60.   LTC’s price continues to look strong despite bearish market sentiments, as things look uncertain for most traders and investors.  LTC’s price looks strong and continues to hold above the daily 50 Exponential Moving Average (EMA). The price action displayed by Litecoin (LTC) has been a joy to watch, holding up nicely above the daily range price channel it has… Source link

Bitcoin (BTC -1.50%) is the giant in the world of cryptocurrency. It’s the first player and the biggest. You can use it to make payments at more than 15,000 businesses worldwide. In fact, two countries — El Salvador and Central African Republic — even recognize it as legal tender. Investors flocked to Bitcoin last year as the entire cryptocurrency market soared past $3 trillion in market value. This year’s economic woes, however, have pushed investors into the safest of assets. And this… Source link

Bitcoin Analysis  Bitcoin’s price made its lowest daily candle close since November 11th, 2020 on Monday and when traders settled-up for the 24 hour trading session, BTC’s price was -$510.9.  The BTC/USD 1W chart from andre_007 is where we’re leading-off this Tuesday’s price analyses. At the time of writing, BTC’s price is trading between the 0.5 fibonacci level [$14,682.79] and 0.618 fib level [$21,154.7].   As noted in yesterday’s article, BTC market participants… Source link

The crypto market has been battered this year, with more than $2 trillion wiped off its value since its peak in Nov. 2021. Cryptocurrencies have been under pressure after the collapse of major exchange FTX. Jonathan Raa | Nurphoto | Getty Images Bitcoin on Tuesday hit a two-year low as the cryptocurrency market takes a bruising following the collapse of major exchange FTX. Bitcoin hit $15,480, its lowest level since Nov. 11, 2020, according to CoinDesk data. The digital coin has since bounced… Source link

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing Source link

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. Ethereum versus Polygon was the question on many investors’ lips over the last year as the bull market rumbled on. While Ethereum (ETH) has been the go-to blockchain for decentralized finance projects and NFT releases, Polygon (MATIC) was starting to become a competitor for fee-free NFT listing on Open Sea. There was a chance… Source link

Bitcoin price extended losses and retested the $15,800 support. BTC could continue to move down towards the $15,000 and $14,000 levels. Bitcoin started a fresh decline below the $16,000 and $15,800 levels. The price is trading below $16,400 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $16,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains at a risk of more losses towards the $15,000 level or… Source link

Mike Dershewitz, head of risk committee at Arca Funds, wrote Monday: “DCG can also sell off a portion of its Grayscale equity. Assuming $300M in annual net income, this cash flow stream should be worth at least $2.5B, depending on how a would-be investor/buyer values the longevity of this cash-flow stream.” Source link