On September 15, one of the most significant changes occurred on a layer 1 blockchain network. The Ethereum network, which thus far had operated on a Proof-of-Work (PoW) system, changed to a Proof-of-Stake (PoS) system. But for many who are only superficially involved in cryptocurrency and blockchain networks, this event probably went down as a historical footnote — some discussion was raised, but other events probably took centrestage. This was — at least to Ethereum founder Vitalik… Source link

Ethereum price attempts to break out above the declining trend line connecting the wicks of lower highs formed since November 10.  The resurgence of buying pressure could propel ETH to the $1,350 and $1,422 hurdles. A four-hour candlestick close below $1,210 will create a lower low and invalidate the bullish thesis for ETH. Ethereum price shows a slight surge in buying pressure, which has pushed it above one of the two immediate hurdles. A continuation of this momentum could lead to a… Source link

Bitcoin (BTC) investors are more likely enticed by the cryptocurrency’s rising prices, rather than their dislike of banks or its perceived use as a store of value, a new report from the Bank for International Settlements (BIS) suggests.  In a “BIS Working Papers” report published on Nov. 14, the central bank body looked into the relationship between Bitcoin prices, crypto trading, and retail adoption. It studied the drivers of crypto adoption by retail investors using crypto trading… Source link

Litecoin was created to be the silver to Bitcoin’s gold, and runs faster and cheaper than Bitcoin. However, it doesn’t have much else to offer. Litecoin is the oldest alternative to cryptocurrency still in operation today, and has a few major differences compared to Bitcoin. Dozens of alternatives to Bitcoin were invented during the early years of blockchain, but the overwhelming majority of them failed to achieve sufficient adoption and have since become dead… Source link

“We have seen broader market instability despite some positive macro developments for risk assets as a whole,” David Duong, head of institutional research, at crypto exchange Coinbase, wrote, adding: “It’s still emerging which counterparties may have lent or interacted with either FTX or Alameda (FTX’s sibling company) and what those exact liabilities are. BTC could not only retest 2022 lows but touch the $13K level. We think there is support at $13.5K.” Source link

BITCOIN AND ETHEREUM KEY POINTS: Bitcoin and Ethereum have plummeted around 75% from the 2021 highs While cryptocurrencies have crashed and recovered before, the macro environment is becoming more challenging for risky assets Restrictive monetary policy, coupled with growing distrust in the crypto industry, may prevent digital tokens from staging a strong comeback in the near term Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the… Source link

Bitcoin (BTC) lost 25.4% in 48 hours, bottoming at $15,590 on Nov. 9 as investors rushed to exit positions after the second-largest cryptocurrency exchange, FTX, halted withdrawals. More importantly, the sub-$17,000 levels were last seen almost two years prior, and the fear of contagion became evident. The move liquidated $285 million worth of leverage long (bull) positions, leading some traders to predict a potential downside of $13,800. What an exciting time to be alive! Loving the… Source link

Alex Dovbnya Citron Research has tweeted that it remains bearish on Ethereum (ETH) Citron Research has tweeted that it remains bearish on Ethereum (ETH), the second-largest cryptocurrency.  It believes that the $130 billion token has as many “common sense flaws” as failed exchange FTX.  Speaking of the ongoing cryptocurrency crisis, Citron says that it has reignited its flame for short-selling. It believes that there are many stocks that are elevated on the misconception that… Source link

Litecoin’s hash rate improves, miner fees continue to grow Market cap dominance continues to improve Even though Bitcoin miners continue to suffer from FUD, the same couldn’t be said for Litecoin [LTC] as it witnessed an improvement. According to a recent tweet made by Litecoin on 13 November, its hash rate was at 535.6 TH/s. The current Litecoin Hashrate: 535.65 TH/s — Litecoin (@litecoin) November 13, 2022 Read Litecoin’s [LTC] Price Prediction 2022-2023 Let… Source link

Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the Digital Money has dropped 3% to $56.23. InvestorsObserver is giving Litecoin a 25 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin! Moderately Volatile InvestorsObserver gives Litecoin a moderate volatility rank of 25, placing it in the bottom 25% of cryptos on… Source link