More than $1.3 trillion has been wiped off the cryptocurrency market so far in 2022 as the fallout from the FTX collapse continues to weigh on investor confidence. CFOTO | Future Publishing | Getty Images Bitcoin on Wednesday rose to a two-week high as investors continue to weigh up the fallout from the collapse of cryptocurrency exchange FTX. But one analyst warned that the bounce is likely just a bear market rally and would not be sustained. related investing news Why Cathie Wood thinks… Source link

November. What a month in the Cryptoverse. One most of us would rather swiftly forget. Were there any winners? Or are all crypto bagholders just one big bunch of losers, thanks to FTX and SBF? (For the record, no, Coinhead doesn’t think crypto investors are all a bunch of losers, even if many portfolios say otherwise just lately.) But we ask ourselves again, was anything up in the crypto market in November at all? Yes, actually, and we’ll… Source link

Ether fared even better, recently climbing more than 7.5% to $1,272, its highest level since the second week of November. Other major cryptos assumed various hues of green, most of them dark with UNI, the token of the smart contracts-based Uniswap platform, and SUSHI, the token of the decentralized exchange SushiSwap, each recently rising over 7%. The popular meme coin DOGE continued its momentum, rising 6% to trade at about 7 U.S. cents. DOGE has jumped roughly 50% over the past week. Source link

Ether fared even better, recently climbing more than 7.5% to $1,272, its highest level since the second week of November. Other major cryptos assumed various hues of green, most of them dark with UNI, the token of the smart contracts-based Uniswap platform, and SUSHI, the token of the decentralized exchange SushiSwap, each recently rising over 7%. The popular meme coin DOGE continued its momentum, rising 6% to trade at about $.10.7 cents. DOGE has jumped roughly 50% over the past week. Source link

L2 protocols on the Ethereum blockchain reached a monthly all-time high with Optimism and Arbitrum leading the front The Ethereum network was still struggling with sustaining a improved momentum   Ethereum [ETH] layer-two (L2) protocols hit another landmark in proving its 2022 increased adoption as the gas consumption hit a monthly all-time high. This milestone was revealed by Paolo Rebuffo, a senior blockchain advisor and crypto entrepreneur. According to Rebuffo, who… Source link

L2 protocols on the Ethereum blockchain reached a monthly all-time high with Optimism and Arbitrum leading the front The Ethereum network was still struggling with sustaining a improved momentum   Ethereum [ETH] layer-two (L2) protocols hit another landmark in proving its 2022 increased adoption as the gas consumption hit a monthly all-time high. This milestone was revealed by Paolo Rebuffo, a senior blockchain advisor and crypto entrepreneur. According to Rebuffo, who… Source link

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – The cryptocurrency market welcomed the sight of green across the board on Tuesday as concerns related to unrest in China faded from the minds of crypto traders who have begun to wade back into the market following the FTX-inspired downturn. Traditional markets weren’t so lucky as… Source link

Alex Dovbnya Famous trader John Bollinger has taken note of Litecoin’s recent rally In a recent tweet, famous trader John Bollinger has noted that Litecoin (LTC) has “woken up.” The price of one of the oldest altcoins is up 3.7% over the past 24 hours. It is currently trading at $76.97 on the Binance exchange.  Meanwhile, Bitcoin (BTC), the largest cryptocurrency, remains dormant, adding a mere 1.3%.card As reported by U.Today, Litecoin recently experienced a significant rally… Source link

Ether (ETH) rallied 5.5% in the early hours of Nov. 29, reclaiming the critical $1,200 support. However, when analyzing a broader time frame, the 24% negative performance in the past 30 days significantly impacts investors’ sentiment. Moreover, investors’ mood worsened after BlockFi filed for bankruptcy on Nov. 28. Newsflow remained negative after the United States Treasury Department’s Office of Foreign Assets Control (OFAC) announced a settlement with Kraken exchange for “apparent… Source link

Ether (ETH) rallied 5.5% in the early hours of Nov. 29, reclaiming the critical $1,200 support. However, when analyzing a broader time frame, the 24% negative performance in the past 30 days significantly impacts investors’ sentiment. Moreover, investors’ mood worsened after BlockFi filed for bankruptcy on Nov. 28. Newsflow remained negative after the United States Treasury Department’s Office of Foreign Assets Control (OFAC) announced a settlement with Kraken exchange for “apparent… Source link