Bitcoin price declined heavily and traded below $17,000. BTC is consolidating losses and remains at a risk of more losses below the $16,500 support. Bitcoin started a fresh decline below the $17,200 and $17,000 support levels. The price is trading below $17,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $16,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move lower unless it clears… Source link

The collapse of FTX, once a $32 billion crypto exchange, has shattered investor confidence in cryptocurrencies. Market players are trying to gauge the extent of damage it has caused — and how it will reshape the industry in the years to come. Sam Bankman-Fried, FTX’s former boss who stepped down on Nov. 11, was arrested in the Bahamas last week. He has been charged by the U.S. government with wire fraud, securities fraud and money laundering. related investing news FTX connected buyers and… Source link

Bitcoin and Ether traded little changed on Monday morning in Asia after a slump over the weekend following a week of worries about a global recession and the stability of cryptocurrency exchanges. However, the BNB token of the Binance exchange regained some lost ground, while others on the non-stablecoin top 10 list by market capitalization were mixed to little changed. See related article: Binance’s proof-of-reserves auditor suspends work for crypto firms Fast facts Bitcoin lost 0.15% to… Source link

During the Asian session on December 19, Bitcoin is trading at $16,700, as investors appear to be waiting for a solid fundamental reason to drive price action. Similarly, Ethereum is trading in a choppy range of $1,150 to $1,200. A break out of this range will help us determine future market price movements. Major cryptocurrencies were trading in the red early on December 19, despite the fact that the global crypto market cap grew… Source link

InvestorsObserver gives Litecoin a strong long-term technical score of 87 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders. LTC at this time has a… Source link

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion Litecoin fell into a zone of strong support from the mid-range, bullish order block and a high-volume node This could still fail if Bitcoin stumbles beneath $16.2k in the next couple of days Litecoin [LTC] presented a slightly risky buying opportunity on the price charts. Risk-averse traders should wait for 19 December’s… Source link

The crypto analyst known for accurately calling the last major market collapse is issuing another series of warnings, including one about an Ethereum (ETH)-based altcoin. The pseudonymous trader known as Capo told his 690,000 Twitter followers in May that Waves could be the “next LUNA,” the native token of the Terra ecosystem which went to zero in the same month. Now, Capo says that his call on WAVES could be coming to fruition and that the altcoin’s recent downward move… Source link

Despite Bitcoin’s (BTC) pioneering role in the development of digital assets as a decentralized payment mechanism, meme currencies now appear to be dominating the market. Dogs like in Shiba Inu (SHIB) and apes in Apecoin (APE) are just two examples of adorable animals employed as mascots in cryptocurrencies today, demonstrating that digital currency is not always severe and profound. If you are curious about a cryptocurrency that has the potential to outperform Monero (XMR) and Avalanche… Source link

Investors appear to be preoccupied with the final match of the FIFA World Cup 2022 in Qatar, as the cryptocurrency market is devoid of volatility on Sunday. Given this, the Bitcoin price prediction hasn’t changed much throughout the day, as BTC remains above the important support level of $16,550.  Following the collapse of FTX and concerns that Binance is in jeopardy, most crypto trading platforms are holding payments due to… Source link

Popular cryptocurrencies that formerly boasted massive user bases are now falling out of favor. New cryptocurrencies with strong foundations and useful features are making a splash in the rapidly growing market. Both Tron (TRX) and Monero (XMR) fall under this category (BCH). As researchers forecast these top cryptocurrencies to drop, so do they recognize Flasko, whose presale has produced large returns for investors.  Tron (TRX) Gradually Regaining Lost Value Tron (TRX) is constructed on… Source link