Litecoin social hike drops, affecting the coin’s performance The price action revealed that LTC was captured in between a price decrease and sustaining its current region Litecoin’s [LTC] sojourn in recent times produced profits, much to the delight of cryptocurrency investors. At press time, its seven-day performance was 23.18%, making it the best-performing crypto out of the top-cap assets. However, Litecoin risked losing its dominance, and investors expecting a… Source link

Litecoin social hike drops, affecting the coin’s performance The price action revealed that LTC was captured in between a price decrease and sustaining its current region Litecoin’s [LTC] sojourn in recent times produced profits, much to the delight of cryptocurrency investors. At press time, its seven-day performance was 23.18%, making it the best-performing crypto out of the top-cap assets. However, Litecoin risked losing its dominance, and investors expecting a… Source link

Litecoin price shows a bearish divergence developing on the daily timeframe, hinting at an incoming sell-off. On-chain metrics reveal that 22% of LTC holders are in profit, further depicting the bearish outlook. A breakdown of the $55.23 level will create a lower low, invalidating the bullish outlook. Litecoin price embarked on an incredible rally after the FTX-induced crash bottomed on November 9. Due to the explosive moves, many investors are in profit. However,… Source link

The revenue earned by Bitcoin (BTC) miners fell to two-year lows owing to poor market performance and a heavier computational demand amid rising network difficulty. However, an ongoing downturn in the Bitcoin hash rate over the past month has allowed miners to recoup losses. The total Bitcoin mining revenue — block rewards and transaction fees — in United States dollars fell down to $11.67 million, a number last seen on Nov. 2, 2020, when Bitcoin’s trading price was around $13,500. While… Source link

Bitcoin and the cryptocurrency industry in general are still coping with the pain brought about by the demise of the crypto trading platform FTX. Despite this, Robert Kiyosaki, author of the best-selling Rich Dad, Poor Dad, remains optimistic about the long-term viability of Bitcoin and Ethereum. Kiyosaki pointed out that the two largest cryptocurrencies by market capitalization cannot be held responsible for the conduct of former FTX CEO Sam Bankman-Fried. BTC struck a two-year low last… Source link

Rising concerns began circulating on Nov. 26 regarding Wrapped Ethereum (WETH) becoming unpegged with ETH. Some speculated that WETH wasn’t backed 1:1 by ETH, which gave rise to insolvency fears. Ethereum developers and influencers stepped in to conclude the situation, calling it FUD. Recent price corrections triggered by the collapse of FTX exacerbated fears and uncertainty within the already-rocky cryptocurrency industry. Speculation can inject further anxiety, as is the case here.  An… Source link

The global crypto market has seen an enhancement in value over the last day. The value of Bitcoin, Binance Coin, and others has continued to rise. The recent changes in the market are suggestive of improvement as it had faced a sharp decline. The collapse of major names and the instability of the global economic scenario didn’t prove good for crypto. Though the market hasn’t seen a major change yet, there is a chance of considerable improvement in the coming months.   Renowned… Source link

The FTX collapse has revived the narrative that “Bitcoin maximalists were right all along.” Given the size of the troubled exchange and the number of entities caught up in its web, the FTX scandal has dominated headlines of late. Worse still, each passing day seemingly brings further twists that point to serious failings within the company and among the regulatory bodies which were supposed to prevent such scandals from happening in the first place. In particular, questions hang over Sam… Source link

Bitcoin (BTC) has spent over a year in a downtrend since its $69,000 all-time highs in November 2021. BTC price performance has given investors up to 77% losses, but how much lower can BTC/USD really go? Bitcoin traders and analysts have long agreed that 2022 is the year of the largest cryptocurrency’s newest bear market. After coming off all-time highs to start the year at around $46,000, BTC/USD has offered little relief and has since returned to levels not seen since November 2020, data… Source link

Monero (XMR) gets a bullish rating from InvestorsObserver Saturday. The crypto is up 0.96% to $137.53 while the broader crypto market is up 0.64%. Monero has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Bullish Over the last five days, Monero has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Monero over… Source link