Ethereum was back below the $1,300 level on Wednesday, as the U.S. dollar rose following better than expected quarterly earnings. So far this earnings season, Netflix, Bank of America, and others have outperformed expectations, highlighting what some view as the resilience of the U.S. economy, despite the global slowdown. Bitcoin was also back in the red. Bitcoin Bitcoin (BTC) was trading lower on Wednesday, as prices continued to decline following a failed breakout of a resistance at… Source link

Litecoin is a forked version of Bitcoin, which Charlie Lee created in 2011. It was created to process quicker and cheaper transactions. Many experts think Litecoin is an improved version of the Bitcoin protocol for the following reasons:- Bitcoin mining has become difficult because it needs expensive hardware. The miners who solve complex mathematical problems get rewards in the form of BTC. It can become popular as more computers perform similar tasks, so the competition is high and… Source link

“If you have an idea for an [app], or if you should deploy an asset, even if you do a Ponzi scheme or whatever, the platform treats you in a neutral way,” he explained. “I feel like it’s important to have one place where, even at a geopolitical scale, you don’t have the fear that one party could just, say, freeze the accounts or the assets of another party.” Source link

Bitcoin’s (BTC) future may “stand in stark contrast to the rest of the world,” asset manager Fidelity Investments predicts. In a recent research piece, “The Rising Dollar and Bitcoin,” released Oct. 10, Fidelity Digital Assets, the firm’s crypto subsidiary, drew a line between Bitcoin and other currencies. Bitcoin “does not correspond to another person’s liability:” Report While hardly a stranger to bullish takes on Bitcoin, Fidelity continues to publicly reiterate its faith… Source link

A popular crypto strategist known for his timely altcoin calls says that Ethereum (ETH) and decentralized oracle network Chainlink (LINK) are setting the stage for a big move to the upside. Pseudonymous analyst Altcoin Sherpa tells his 184,900 Twitter followers that the leading smart contract platform is trading within a tight range as it gears up for a potential 38% surge. “ETH: still confident this goes to $1,600-$1,800 for the next big move.” Source: Altcoin… Source link

Monero (XMR), an open-source cryptocurrency first focusing on privacy and decentralization, managed to initiate a price pump despite the greater majority of crypto space struggling to get out of the red zone. Monero managed to bounce back twice from its support range of $134.5 XMR remains “in the green” for its intraday, weekly and monthly price readings A surge all the way to $171 is possible for Monero if it moves past its current resistance range The… Source link

Monero (XMR), an open-source cryptocurrency first focusing on privacy and decentralization, managed to initiate a price pump despite the greater majority of crypto space struggling to get out of the red zone. Monero managed to bounce back twice from its support range of $134.5 XMR remains “in the green” for its intraday, weekly and monthly price readings A surge all the way to $171 is possible for Monero if it moves past its current resistance range The… Source link

Solana has already cemented its reputation as one of the largest competitors of Ethereum which had earned it the nickname of ‘Ethereum Killer’. The community has run with this narrative and it has led to a fierce rivalry between the communities behind both networks. However, Solana founder Anatoly Yakovenko has actually come forward to debunk this belief and has presented a new one entirely. Solana Is Not An ‘Ethereum Killer’ Speaking on the Decrypt gm… Source link

DNY59 Thesis Summary Bitcoin (BTC-USD) has barely moved over the last few weeks. However, historical evidence suggests we could see some wild price swings this week. This could come in the form of a relief rally, a final capitulation event, or even an impulsive rally that suggests the bottom is in. Something Big is Brewing Bitcoin has been lying dormant for the last few months. The coin has seen reduced volatility, and the price has been almost flat. In fact, Bitcoin has outperformed the… Source link

This week’s letter focuses on only one piece of crypto news… for good reason.  One of the biggest tech companies in the world has just partnered with a crypto most folks have never heard of… but it could soon give Ethereum a run for its money.  Google Cloud announced it will provide infrastructure and tech support for Near Protocol (NEAR)’s startup Pagoda project, the first-ever Web3 platform where developers can build and launch new blockchain products.  The Pagoda platform comes… Source link