After the FTX crash on November 9, Litecoin’s price began a significant upward price movement. Investors continue to remain in profit. However, a downswing could be on the way. This might not necessarily be the end of the bulls just yet. Although LTC is moving south after registering a 7.1% fall on the daily chart, regarding weekly gains, the Litecoin price has held onto its 16% appreciation. The bears have now entered the market and halted the uptrend. A jump above the immediate… Source link

Ethereum (ETH -3.83%) may be down 69% for the year, but its rivals are getting crushed even harder. Layer 1 blockchain networks such as Avalanche, Fantom, and Solana (SOL -10.11%) are all down 90% or more year to date. In fact, they are among the worst-performing cryptos in the entire market.  This dramatic fall has been eye-opening. During the last crypto bull market rally, each of these cryptos was heralded as a potential “Ethereum killer.” But that was before The Merge, and the market… Source link

Fantom (FTM) and Monero (XMR) are two popular cryptocurrencies that used to be profitable returns in 2021. With the recent bear market, both failed to deliver the expected returns, and investors are now looking for alternative cryptocurrencies like Flasko. Fantom (FTM) Needs To Do Better Fantom (FTM) started with the objective of offering a platform for decentralized applications. Fantom (FTM) is not just fast but also secure and cheap. When Fantom (FTM) was compared with other competitor… Source link

Bitcoin (BTC) prepares to exit a grim November just above $16,000 — what could be on the menu for BTC price this week? In a time of what analyst Willy Woo has called “unprecedented deleveraging,” Bitcoin is far from out of the woods after losing over 20% this month. The impact of the FTX implosion remains unknown, and warning signs continue to flow in even after the first wave of crypto business bankruptcies. In particular this week, eyes are on miners, who are seeing profits squeezed by… Source link

Arman Shirinyan Ethereum’s plunge below $1,200 is result of selling pressure coming from one fund Ethereum’s reversal from the local resistance level was not something that most of the market anticipated in the weekend trading session on the cryptocurrency market. However, on-chain data clearly shows why the second biggest cryptocurrency broke down in such an unexpected manner. According to Nansen’s data, the Jump Crypto fund deposited more than 2,850 ETH into various centralized… Source link

Ethereum failed to clear the $1,250 resistance against the US Dollar. ETH is moving lower and might decline heavily if it breaks the $1,140 support. Ethereum struggled to gain pace for a move above the $1,250 resistance level. The price is now trading below $1,180 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $1,210 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish momentum if there is no clear… Source link

The leading cryptocurrency, Bitcoin, failed to break a descending triangle pattern and fell over 3% to $16,160 amid an increased level of FUD in the market.  Likewise, the second-most valuable cryptocurrency, Ethereum, has followed Bitcoin’s lead and fallen sharply by nearly 5% to $1,171. Crypto Market Cap Update The global crypto market cap fell over 2% to $815.32 billion the previous day, sending major cryptocurrencies into the… Source link

Bitcoin price struggled to clear the $16,800 resistance. BTC is moving lower and there is a risk of more losses below the $16,000 support zone. Bitcoin attempted an upside break above the $16,800 resistance, but failed. The price is trading below $16,500 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $16,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to decline if it breaks the $16,000… Source link

Bitcoin was little changed in Monday morning trading amid mixed results from the other top 10 non-stablecoin cryptocurrencies following a relatively muted few days of trading over the Thanksgiving weekend in the U.S. Memecoin Dogecoin was the standout performer as longtime token advocate and new Twitter Inc. boss Elon Musk used the platform to announce a significant development for his electric car company Tesla Inc. See related article: Binance releases proof of reserves Fast facts Bitcoin… Source link

Bitcoin was little changed in Monday morning trading amid mixed results from the other top 10 non-stablecoin cryptocurrencies following a relatively muted few days of trading over the Thanksgiving weekend in the U.S. Memecoin Dogecoin was the standout performer as longtime token advocate and new Twitter Inc. boss Elon Musk used the platform to announce a significant development for his electric car company Tesla Inc. See related article: Binance releases proof of reserves Fast facts Bitcoin… Source link