As the bear market continues, Ethereum – the second-biggest cryptocurrency – continues to struggle. If you look at the data from CoinGecko, the most notable positive change is 4.1% on the bi-weekly timescale. The red flashing of the longer time scales, however, indicates that ETH has been declining in value since the FTX collapse, and this fact overshadows the shorter time scales. The upswing was triggered by a sudden increase in demand for prime real estate The descending triangle, a… Source link

Bitcoin (BTC) stayed higher after a $17,000 liquidity grab on Dec. 9 as traders targeted further upside. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin attempts new monthly high Data from Cointelegraph Markets Pro and TradingView showed BTC/USD cooling volatility once more after hitting $17,300 on Bitstamp. The pair had begun by taking liquidity at the Dec. 8 Wall Street open, this snowballing to see it challenge one-month highs from Dec. 5. For those already betting on… Source link

Litecoin turns out to be a preferred mode of payment for BitPay users. The reading of LTC’s MVRV ratio may put some pressure on long-term holders. According to a recent update by Litecoin, it was revealed that LTC was one of the most preferred forms of payment among other major cryptocurrencies.                         Read Litecoin’s Price Prediction 2023-2024 Reportedly, Litecoin transactions on BitPay (a payment processor) had increased significantly…. Source link

Bitcoin and crypto market twist has brought unexpected changes to almost all assets. Prices have been declining with little or no hope for a reversal. The FTX exchange fiasco intensified the performance as several losses have been recorded in the entire crypto space. Following the events, the price of Bitcoin dipped below its critical resistance level of $20K. Since then, the primary cryptocurrency has plummeted as the value slipped toward the $17K region. Over the past 24 hours, BTC could… Source link

Data shows the Ethereum whales and sharks have continued to fill up their bags recently, a sign that may prove to be bullish for the price of the crypto. Ethereum Whales And Sharks Bought 561k ETH In A Single Day As per data from analytics firm Santiment, ETH whale and shark addresses are accumulating back towards pre-Merge levels. The relevant indicator here is the “ETH supply distribution,” which tells us which wallet groups are currently holding what percentage of the total Ethereum… Source link

Web3 investment firm Paradigm has released a Rust implementation of Ethereum, according to a Dec. 7 announcement from the company’s chief technology office, Georgios Konstantopoulos. The new software, called “Reth,” allows Ethereum validators to launch their nodes using Rust instead of Go, Java, or other languages. A previous Rust implementation had been released by Erigon in June, but the Erigon team stopped supporting it in November when they learned that Reth was under development,… Source link

Litecoin 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. LTC currently holds a superior long-term technical analysis… Source link

In today’s analysis, BeInCrypto looks at the Wyckoff schematics, which can explain the current accumulation phase of the Bitcoin (BTC) price. This pattern, known from traditional markets, has already been used to correctly identify the peak of the cryptocurrency bull market in 2021. However, if Wyckoff accumulation is to play out according to its basic pattern, Bitcoin should not fall below the Nov. low at $15,476. Moreover, in the near future, the largest cryptocurrency needs to reclaim… Source link

ETH recently found support at its 21DMA and a key Fibonacci level. Source: TradingView Ethereum (ETH), the cryptocurrency that powers the smart-contract-enabled Ethereum blockchain network, has mounted a decent recovery on Thursday in tandem with a more risk-friendly tone to trade in traditional asset classes (US stocks are up and the US dollar is down).  ETH/USD was last changing hands in the $1,250 area, up 0.75% in the last 24… Source link

As Litecoin (LTC) falls in price and struggles to keep up with the competition, Nexo (NEXO) is not looking too good either. However, Snowfall Protocol (SNW) has just announced their prototype for their innovative dAPP, which offers 1000x gains! If you are looking to invest in a top cryptocurrency project, SNW is definitely worth considering! Why Snowfall Protocol (SNW) Has 1000x Potential Snowfall Protocol (SNW) is a cross-chain transfer ecosystem built for fungible and non-fungible… Source link