Bitcoin (BTC) speculators have disappeared from the market and their mood “destroyed,” says popular analyst Philip Swift. In a tweet on Dec. 14, the co-founder of trading suite DecenTrader flagged potential maximum risk returns for BTC at current prices. Swift: “Euphoria destroyed” from Bitcoin bear market BTC/USD is around 70% below its last all-time highs, and the drawdown has flushed out many short-term investors. The FTX scandal precipitated an even stronger capitulation, one which… Source link

New year, new opportunities! The year 2023 is quickly approaching, and investors and market experts alike are losing interest in Solana (SOL) and Litecoin (LTC). However, there is a newfound affection for Snowfall Protocol (SNW), the new kid on the block (SNW). But why do experts prefer Snowfall Protocol (SNW) over the more established Solana (SOL) and Litecoin (LTC)? Read on to find out. Solana’s (SOL) Scalability Trilemma Solana (SOL) peaked in November 2021 at $260 and has since… Source link

Cryptocurrencies like Ethereum have their fair share of controversy regarding categorization. Government regulatory bodies like the Securities and Exchange Commission (SEC) and the U.S. Commodities Futures Trading Commission (CTFC) have had past battles with other digital assets. The SEC is currently embroiled in a long-running case with Ripple Labs, with the focus on defining the XRP token as a security. The CFTC also views all virtual currencies as commodities under the Commodity… Source link

Cryptocurrencies like Ethereum have their fair share of controversy regarding categorization. Government regulatory bodies like the Securities and Exchange Commission (SEC) and the U.S. Commodities Futures Trading Commission (CTFC) have had past battles with other digital assets. The SEC is currently embroiled in a long-running case with Ripple Labs, with the focus on defining the XRP token as a security. The CFTC also views all virtual currencies as commodities under the Commodity… Source link

Litecoin continues its positive run amid the crypto market crisis, as whale accumulation has increased LTC prices in recent weeks. Santiment noted that the rapid rise in the price of LTC and its market capitalization is due to a flurry of whale activities. For most of the current bear market, whale activities have increased on many crypto networks, including the Litecoin network, which witnessed a… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Ethereum (ETH) and Cardano (ADA) have left their holders disappointed with their recent performance as Orbeon Protocol (ORBN) is gaining traction, and analysts expect it to surge by a staggering 6000%. Orbeon Protocol (ORBN) is currently in the third phase of its presale and is trading at $0.302 after having rallied by more than 655%. >>BUY ORBEON TOKENS HERE<< Ethereum (ETH) is struggling to Stay Relevant Ethereum, the second-largest cryptocurrency by market capitalization, has struggled to… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Ether (ETH) rallied 6.3% to $1,350 on Dec. 13, mimicking a similar failed attempt that took place on Nov. 10. Despite reaching the highest level in 33 days, the gains were not enough to instill confidence in traders according to two key derivatives metrics. Ether/USD price index, 12-hour. Source: TradingView Bulls’ frustrations can partially be explained by Binance facing a near-record $1.1 billion in withdrawals over a 24-hour period. The unusual behavior comes as the exchange attempts to put… Source link

Litecoin receives a strong long-term technical score of 86 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. Currently, LTC holds a superior long-term technical analysis score than 86% of… Source link