News Home Friday, October 21, 2022 07:11 PM | InvestorsObserver Analysts InvestorsObserver gives Monero a strong long-term technical score of 73 from its… Source link

Bitcoin (BTC) entered an ascending channel in mid-September and has continued to trade sideways activity near $19,500. Due to the bullish nature of the technical formation and a drop in the sell pressure from troubled miners, analysts expect a price increase over the next couple of months. Bitcoin/USD price at FTX. Source: TradingView Independent analyst @el_crypto_prof noted that BTC’s price formed a “1-2-3 Reversal-Pattern” on a daily time frame, hinting that $20,000 could flip to support… Source link

The cryptocurrency market has experienced massive growth in recent years. This popularity is linked to the digital coins’ potential to offer unique benefits that fiat money doesn’t have. Since more people have joined the crypto universe, businesses have had no alternative but to implement cryptocurrency as an alternative payment method. Ethereum is the second most popular cryptocurrency and is constantly evolving. With its many use cases, Ethereum has become a reliable… Source link

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Monero’s price remains above $140, but XMR could find it hard to maintain this position as the broader cryptocurrency continues to underperform. XMR, the native coin of the Monero ecosystem, is down by less than 1% over the last 24 hours and is currently trading at $140.66 per coin. The recent poor performance has erased the gains recorded earlier this week. XMR is down by… Source link

The Bitcoin price managed to close yesterday’s daily candle above critical support, giving bulls a fighting chance to prevent further downside. However, today’s trading session has favored the bears, with BTC moving below the $19,000 area.  At the time of writing, Bitcoin stands at $18,900, with a 1% loss in 24 hours and a 2.4% loss in one week. Other cryptocurrencies in the crypto top 10 by market cap follow a similar trend except for Cardano and Solana…. Source link

Bitcoin was once again trading under $19,000, as the U.S. dollar moved to a one-week higher versus several G7 currencies. Friday’s move saw the token fall to a key support point in the process. Ethereum was also in the red in today’s session, as prices fell for a fourth straight day. Bitcoin Bitcoin (BTC) was back in the red on Friday, as the U.S. dollar continued to strengthen versus several G7 currencies. Following a high of $19,315.20 during Thursday’s session, BTC/USD… 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

Investing in cryptocurrency might be profitable even though there are risks involved. Investing in stocks is still the safest and least volatile option for investors, but cryptocurrency is still the most profitable. Despite the dangers, using cryptocurrency has many benefits. Such as excellent security, simple transactions, and substantial rewards. Due to the distinct characteristics that each cryptocurrency has that might be advantageous for its users, having a wide… Source link

Ethereum has witnessed a substantial drop in its daily active address (DAA) count over the last four months, raising fears about more downside for Ether (ETH) price in the coming weeks. Stagnant Ethereum price spooks investors The number of Ether DAA dropped to 152,000 on Oct. 21, its lowest level since June, according to data provided by Santiment. In other words, the plunge showed fewer unique Ethereum addresses interacting with the network. Ethereum daily active address count on a daily… Source link