There are currently over 20,000 available cryptocurrencies in the market for investors to choose from. Some of these cryptocurrencies are good for investment, while the others, not so much. In the winter of 2022, many more cryptocurrencies with good prospects have downturned since the general market bias is bearish. Included are Chainlink (LINK) and Monero (XMR), which initially had the potential for enormous returns for investors but could not deliver excellent opportunities and… Source link

Bitcoin (BTC) may see more pain in the near future, but the bulk of the bear market is already “likely” behind it. That is one of many conclusions from Philip Swift, the popular on-chain analyst whose data resource, LookIntoBitcoin, tracks many of the best-known Bitcoin market indicators. Swift, who together with analyst Filbfilb is also a co-founder of trading suite Decentrader, believes that despite current price pressure, there is not long to go until Bitcoin exits its latest macro… 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

Throughout the month, the Litecoin price has traded within a very narrow price range of between $50 and $55. Today, the price is showing a continuation of the sideways market and is already up by a percentage point and poised to wipe out yesterday’s 2 per cent price drop. There have been a number of reasons why we have seen Litecoin trend sideways, including its significant correlation with Bitcoin. For months now, Bitcoin has also failed to establish a trend and instead has seesawed… Source link

Ethereum’s native token, Ether (ETH), looks ready to undergo a massive rally due to a mix of technical and fundamental factors. From a technical perspective, ETH’s price now eyes a 35% rebound by the end of October after holding testing a key support level. This level is a rising trendline that has capped Ether’s downside attempts since June 2022, as shown below. ETH/USD weekly price chart. Source: TradingView In other words, traders have shown interest in buying Ethereum tokens near this level… Source link

Bitcoin (BTC) delivered more surprises on Oct. 14 as the reaction to macro triggers saw a sudden run at $20,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks, crypto smoke shorts Data from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing to one-week highs, gaining almost $2,000 in hours. After the United States Consumer Price Index (CPI) print for September came in above expectations, an initial crypto rout put bulls on edge, but the pain was short… Source link

Inflation continues to creep up all over the globe. Over the past two years, most developed nations have seen inflation rates double. The value proposition of digital assets with fixed economic principles governed by smart code has never been stronger. The rapid increase of capital allocation to digital assets by institutional investors proves the truth of this statement.  The next bull market will be unlike any before. But investors cannot just survive the bear market; they must leverage… 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

Sushiswap’s technical setup shows that the altcoin is set for a major rally going ahead. On the other hand, Bitcoin price tanks as the U.S. releases CPI numbers for September 22. While Bitcoin has been staying relatively stable over the last few weeks, some altcoins have been showing good movement recently. A popular crypto analyst Altcoin Sherpa recently shared his thoughts on where Bitcoin moves… Source link

Litecoin price confirms a 13.52% symmetrical triangle breakout. LTC may collect more liquidity on its path to $46.64, ahead of a significant recovery to $100. Overhead pressure continues to build among investors who bought LTC at $52.60. Litecoin price is exploring downhill levels beneath $50.00 after several weeks of mundane consolidation. As discussed last week, the coin could close the day around $46.64 if sellers capitalize on a symmetrical triangle breakout.