Bitcoin (BTC) is now further than ever from its target price according to the Stock-to-Flow (S2F) model. The latest data shows that BTC/USD has deviated from planned price growth to an extent never seen before. Stock-to-Flow sets grim new record With BTC price suppression ongoing in light of the FTX scandal, an already bearish trend has only strengthened. This has implications for many core aspects of the Bitcoin network, notably miners, but some of its best-known metrics are also feeling the… Source link

As the market declined last week (and continues to do so), Litecoin was one of the few currencies to increase in value. CoinGecko reports that the price of a single Litecoin is at $63.69 at the moment. The token is up 8% in the last 24 hours, giving traders and investors some sense of relief. Litecoin (LTC) thus pulled off a surprise, edging out the other cryptos in the top 20 list. The alternative cryptocurrency that has been around for a while appears to be gaining popularity among… Source link

One of the biggest factors differentiating Bitcoin (BTC) from fiat currency and most cryptocurrencies is the hard limit of 21 million on its total circulating supply. However, the demise of numerous crypto exchanges over the last decade has permanently taken out at least 5.7% (1.2 million BTC) of the total issuable Bitcoin from circulation. The lack of clarity around a crypto exchange’s proof-of-reserves came out as the primary reason for their sudden collapses, as seen recently with FTX…. Source link

Ethereum price is close to a psychological support level at $1,200 after yielding 7% losses over the past week.  Tether coordinated with a third party to move 1 billion USDT from Solana to the Ethereum blockchain on Friday.  Analysts expect Ethereum price to recover and make a comeback above the 200-day moving average at the $1,600 level.  Ethereum whales have been scooping up the altcoin through the recent dip in its price. The second-largest cryptocurrency by… Source link

Let’s hope you didn’t jump on the bitcoin bandwagon a year ago. If you bought $1,000 worth of bitcoin when prices peaked in November 2021, your investment would be valued at only about $250 today. On Friday, one bitcoin cost about $16,700. The price has declined by more than 75% since it reached a record high of $68,790 on Nov. 10, 2021, according to CoinMarketCap. Ether, the native token of the Ethereum blockchain network and the… Source link

press release PRESS RELEASE. As if the cryptoverse needed more reasons for people to be fearful, both FTX and BlockFi rocked cryptocurrency blockchains and investors alike, sending prices spiraling, blockchains congesting, and investors hunkering down for more ‘crypto-winter’. But amidst this uncertainty, crypto investors now risk missing out on opportunities while becoming stuck in fear, uncertainty and doubt (FUD). The EverEarn coin ($EARN) launched on the Binance Smart Chain ( Source link

Litecoin receives a strong long-term technical score of 94 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. Currently, LTC holds a superior long-term technical analysis score than 94% of… Source link

Andres Victorero It has now been two full months since Ethereum (ETH-USD) successfully merged from proof of work to proof of stake. Despite that event being one of the more important stories in the history of crypto, it has already been completely overshadowed by the collapse of FTX (FTT-USD). And rightfully so. The FTX story is one that transcends crypto and is yet another egregious black eye on the blockchain space as an investable opportunity. But I want to make my thoughts on FTX very… Source link

Andres Victorero It has now been two full months since Ethereum (ETH-USD) successfully merged from proof of work to proof of stake. Despite that event being one of the more important stories in the history of crypto, it has already been completely overshadowed by the collapse of FTX (FTT-USD). And rightfully so. The FTX story is one that transcends crypto and is yet another egregious black eye on the blockchain space as an investable opportunity. But I want to make my thoughts on FTX very… Source link

Data shows someone has today paid 93 ETH in fees for a transaction on the Ethereum blockchain; here’s the likely reason behind this seemingly abnormal transfer. This Single Ethereum Transaction Took A Fees Of 93 ETH To Be Possible At a first glance, 93 ETH in fees, and that too for a single transfer, seems simply absurd. Even for the Ethereum network, which is notorious for having periods where the fees reaches sky-high values, it feels too ridiculous to be true. So, why was such a high… Source link