The latest Bitcoin dilemma, which began on September 13 when the US Federal Reserve announced the CPI report, has left retail investors in a disadvantaged position. The recent announcement that the Fed interest rate has been raised by 75 basis points has also impacted the market. Instability in the broader financial environment reverberated through the cryptocurrency market. The news caused BTC to drop below the critical $20,000 mark. Despite the fact that… Source link

Are regulators with the U.S. Securities and Exchange Commission gearing up to take down Ethereum? Given the saber-rattling by officials — including SEC Chairman Gary Gensler — it certainly seems possible. The agency went on a crypto-regulatory spree in September. First, at its annual The SEC Speaks conference, officials promised to continue bringing enforcement actions and urged market participants to come in and register their products and services. Gensler even suggested crypto… Source link

Ievgeniiya Ocheretna Thesis Summary Ethereum (ETH-USD) is set to become the most valuable cryptocurrency in existence. Following the merge, the supply of ETH has almost become deflationary, and, on top of that, staked ETH, which is a derivative of ETH, has become a yielding asset. This makes Ethereum the perfect “commodity” to hold during the next few years. It offers advantages over oil and gold and will perform well in both an inflationary/loose monetary and deflationary/tight monetary… Source link

BackyardProduction / Getty Images Ethereum 2.0 is the next level of blockchain technology and cryptography. Some would regard the original cryptocurrency, Bitcoin, as a near-perfect substitute for the existing global monetary system. Ethereum, however, isn’t… Source link

Litecoin’s [LTC] hashrate clinched an all-time high of 531.4427 TH/s on 22 September as per data from CoinWarz. In the last 30 days, data from Santiment also showed that LTC ranked third on the list of cryptocurrency assets with the most daily active addresses. With 269,540 daily active addresses in the last month, LTC came after Ethereum [ETH] with 489,770 active addresses and Bitcoin [BTC] with 911,030 active addresses within the same period. 📊 The assets getting… Source link

Phira Phonruewiangphing/iStock Editorial via Getty Images One of the most bizarre investor disconnects that I’ve seen in crypto is the one I’ve found in Litecoin (LTC-USD) over the last year or so. Like many other risk market assets, crypto investors can become emotionally attached to certain ideas. This emotional relationship that bulls have with their magic Internet monies is equally visible in the bears. We see this evidenced with some who will steadfastly ignore all blockchain-based… Source link

Recent Litecoin price analysis shows that the coin has been on a bullish run, with the price rising from $52.78 to its current value of $54.84. This is a good sign for the bulls, as it shows that they are in control of the market. The next resistance for LTC/USD is seen at $54.93; if the price can break above this level, it is likely to rise to $55.00 resistance. On the other hand, if the price fails to break above $54.93, it is likely to fall to $52.78 support. The Digital asset has gained… Source link

Litecoin [LTC] has been making improvements to its existing technology for quite some time now. In line with the same, the blockchain recently announced an MWEB feature that would allow users to make confidential transactions.  MWEB is now live on #Litecoin Street! MWEB is an upgrade that gives users a new opt-in feature – confidential LTC transactions. This also improves scalability as MWEB txs are stored in a separate extension block.https://t.co/QEdBTpfm4E Source link

Ethereum has been one of the cryptocurrencies that have received major support from the crypto community regardless of how the price performs in the market. Since the Ethereum Merge was completed, though, the digital asset has not performed as well as expected. ETH’s price has continuously bled out, which has led to its price relegating to the low $1,000s. As the new month begins, speculations abound on whether the cryptocurrency has what it takes to recover.

Cryptocurrency investors have had a rocky 2022. But we’re now entering a time of year that’s usually good for crypto prices. Bitcoin, ether and other cryptos have moved in patterns similar to stocks this year. They’ve tumbled amid high inflation and the Federal Reserve’s interest rate hikes — a move intended to cool the economy but that also tends to bring down the price of financial assets like stocks, bonds and crypto. Bitcoin,… Source link