Dec 13 (Reuters) – Plucky bitcoin’s been holding steady since seeing off the chaos of the FTX collapse, gathering its strength to rally towards the dizzy heights of $30,000 in 2023. Battered bitcoin’s been unresponsive since being clobbered by the FTX collapse, taking in a deep ragged breath before plunging towards the depths of $5,000. Place your bets, spin the wheel. The world’s dominant cryptocurrency has certainly been uncharacteristically muted over the past two weeks, treading water… Source link

A closely followed crypto analyst says that peer-to-peer payments network Litecoin (LTC) continues to look bullish despite its sideways price action over the last few weeks. In a new video update, pseudonymous crypto trader DonAlt says that Litecoin may just be gearing up for its next leg up against Bitcoin (LTC/BTC). “[LTC] had a strong move to the upside, a little bit of sideways [trading], another strong move to the upside, and honestly two red weeks that are very tiny in… Source link

The Ethereum price is trading laterally on its daily chart. The coin has moved south by 1.8% in that timeframe. Both the bulls and bears are trying to take over the market as the altcoin remains within a congested price zone. If the altcoin price is rejected at higher levels, the chance of a reversal might increase. This would mean that bulls represented an upper hand. Moving sideways, however, will bring the asset close to its local support line of $1,220. The current technical outlook… Source link

Litecoin whales with more than one million LTC have added 2.95 million more to their holdings The LTC lifespan remains in excellent condition even though circulation waned According to Santiment, at press time, Litecoin [LTC] whales were unmoved by the rough patch that hit the crypto market. Even though things stand in a bad state, these whales have not ceased accumulating LTC.  The on-chain platform, in a tweet, mentioned that this has been the case since 2017…. Source link

Permissionless is the brainchild of Blockworks and Bankless. Over 5,500 people attended the inaugural event in 2022, making Permissionless the world’s largest DeFi conference.  What sets Permissionless apart? It’s a crypto native’s paradise, crafted specifically for both builders and investors who […] Source link

It’s been a near-unprecedented year of extremes and black swan events for the crypto market, and now that 2022 is about to wrap up, analysts are reflecting on the lessons learned and attempting to identify the trends which may point to bullish price action in 2023.  The collapse of Terra Luna, Three Arrows Capital and FTX created a credit crunch, a severe reduction in capital inflows and an increased threat that additional major centralized exchanges could collapse. Despite the severity of… 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

Charles Hoskinson announced a possible launch of privacy protocol on ADA.  The price may be affected inversely. The volume increased by more than 78%. The privacy-protocol-based platform, Monero (XMR), got a new competitor in the market, as was announced by Charles Hoskinson that Cardano could launch a new privacy protocol. As per the reports, the later-mentioned platform is planning to launch a privacy base protocol, which kind of resembles the Monero protocol but may be better.  This… Source link

Litecoin achieves a low risk analysis based on InvestorsObserver research. The proprietary system gauges how much a coin can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk. InvestorsObserver is giving Litecoin a… Source link

Monero receives a strong long-term technical score of 97 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. XMR currently holds a superior long-term technical analysis… Source link