The major United States stock market indices continued their decline last week as worsening macroeconomic conditions increased concerns of a global recession. The Dow Jones Industrial Average closed at its lowest level in 2022 and major indices recorded their fifth weekly close in the past six weeks. Although Bitcoin (BTC) has only declined marginally this week, it risks closing at the lowest level since 2020. While a new multi-year weekly close is a negative sign, sellers will have to… Source link

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Deciding what to do with your Bitcoin, as prices continue to fall, can be tough. Many believe that the tide will eventually turn and if they hold on for long enough BTC will rise to new heights. The only problem with this is that while waiting for the market to bounce back, your BTC is… Source link

Monero (XMR) gets a neutral rating from InvestorsObserver Sunday. The Digital Money asset is down 1.72% to $140.92 while the broader crypto market is down 1.5%. Monero has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Neutral Over the last five days, Monero has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance… Source link

Despite obstacles, the blockchain business is growing swiftly. Cryptocurrency platforms should continue to address problems affecting people and the global economy. Cryptocurrencies are regularly covered in the news. News of countries adopting cryptocurrency, celebrities praising cryptocurrency systems, and governments trying to halt decentralization. The world of cryptocurrency may undoubtedly be confusing to navigate. It can be difficult for new customers to choose… Source link

Cryptocurrencies are a great alternative to fiat currency. These are digital peer-to-peer currencies that are decentralized. These are meant to alter the financial sector while simultaneously functioning as a tool for resolving complex real-world challenges. The major factor enabling crypto expansion is encryption as crypto projects are not controlled by middlemen. So far, the cryptocurrency market has seen a variety of currencies, each with its own set of applications. Utility tokens… Source link

Illustration by Mitchell Preffer for Decrypt The price of Ethereum was reeling this week after predictions that the merge would be a “buy the rumor, sell the news” scenario largely played out. Over on Crypto Twitter, people continued to discuss the network this week after U.S. Securities and Exchange Commission (SEC) Chief Gary Gensler redoubled his offensive against crypto, also aimed at Ethereum.  It’s becoming increasingly evident that Gensler views Ethereum as a security. And on… Source link

The ongoing crypto market volatility has partly plunged most investors into losses, with the general sell-off showing minimal signs of cooling down. However, some holders are still in profit, which varies based on the specific asset in question.  In particular, a comparison of the number of holders in profit between Litecoin (LTC) and Ethereum (ETH) exhibits significant differences. In this line, as of September 25, the share of Litecoin holders still in profit with the assets trading… Source link

Virtual money, digital gold, inflation hedge, uncorrelated asset, store of value: those are phrases once used by Bitcoin’s fans to describe the cryptocurrency’s virtues. Its new narrative? A Bitcoin is a Bitcoin. That’s the expression that’s making its rounds on Twitter in recent days, where users, amid a deep decline in prices, have been posting that 1 BTC = 1 BTC. The idea is that it doesn’t really matter what the coin’s price is. Its supply is fixed and that should,… Source link

Bitcoin (BTC) headed for its lowest weekly close since 2020 on Sep. 25 as a week of macro turmoil took its toll. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader prepares for “important week” for BTC Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading near $19,000 with hours left to run on the weekly candle. While only down $400 since the week began, the pair offered traders little optimism amid fears that the coming days would continue the bleedout… Source link

Bitcoin and gold are both valuable assets that can be used to protect against inflation; nevertheless, there are important differences between the two in terms of their history, accessibility, and other sources of demand. Gold, undoubtedly, has a lengthy history and solid basis, while Bitcoin has barely more than a decade of existence to prove its worth as an inflation hedge. In November of last year, the price of a single BTC soared beyond $65,000, setting a new… Source link