Bitcoin on Monday fell to its lowest level in over a week as investors continued to digest strong jobs data from Friday that pushed risk assets including cryptocurrencies even deeper into the red. The largest cryptocurrency by market cap was down by about 1.3% to $19,213.00, according to Coin Metrics. Earlier in the day it fell as low as $19,116.43. Ether fell about 1%, to $1,307.58, after falling as low as $1,297.07. “Today there seems to be some jitters and derisking across all markets as we… Source link

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Bitcoin is often compared to gold, and this comparison may not be far off. According to a Bitcoin Rainbow chart, investors that hold onto BTC over the next two years may reap humongous gains – much like folklore’s pot of gold at the end of the rainbow. The Blockchain Center’s Rainbow price chart is one of the methods used to forecast the crypto’s price. This graphic illustrates how Bitcoin’s price history can be used to forecast the asset’s future… Source link

In 2020, of course, the Fed was in the midst of any number of stimulus schemes aimed at keeping the economy and financial system afloat alongside the COVID-19 lockdowns. Today, the U.S. central bank is in the exact opposite mode as it rapidly tightens monetary policy to fight the inflation surge it helped create. Source link

Litecoin price action prints over 2% gains on Sunday. LTC price could pop higher as traders await the result of the security council meeting in Russia. Should the retaliation be limited to the bombing of Kyiv, expect another rally as nuclear weapons stay off the agenda. Litecoin (LTC) price action jumped this Monday morning despite worries out of China after news COVID-19contaminations suddenly jumped to a three-month high. This might indicate a market dislocation… Source link

Bitcoin was trading near a key support point on Monday as markets prepared for a big week of economic data. The headline release will be Wednesday’s U.S. inflation report, which is forecasted to come in at 8.1% for September, which is lower than August’s rate of 8.3%. Ethereum was also in the red, as the token slipped to a one-week low to start the week. Bitcoin Bitcoin started the week trading at a seven-day low, as markets prepared for a big week of economic data. 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

Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the Digital Money has fallen 0.9% to $53.17. InvestorsObserver is giving Litecoin a 27 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin! Moderately Volatile InvestorsObserver gives Litecoin a moderate volatility rank of 27, placing it in the bottom 27% of cryptos on… Source link

Litecoin [LTC] had a difficult seven days, as the cryptocurrency couldn’t perform as per investor expectations. The alt registered a mere 1% seven-day gains. According to CoinMarketCap, LTC at press time, was trading at $53.39 with a market capitalization of more than $3.8 billion. In an interesting revelation, CRYPTOWZRD, a popular crypto analyst, pointed out that Litecoin was following Bitcoin’s [BTC] overall sentiment and movements. LTC Daily Technical Outlook:$LTC… Source link

Arman Shirinyan Monero is forming pattern that may lead to strong price performance The new week on the cryptocurrency market did not start positively, as the majority of digital assets remain in the red zone. One of the main reasons behind it is an upcoming risk surge this week considering all the macroeconomic events that will happen quite soon. Exceptional performances: Monero, HT Today’s market leader is Huobi Token, which rallied after Justin Sun joined the exchange as an adviser… Source link