The impact of Federal Reserve policy and Bitcoin’s higher timeframe market structure suggest that BTC price is not yet ready for a trend reversal.  Bitcoin (BTC) price continues to chop below the $22,000 level and the wider narrative among traders and the mainstream media suggests that a risk-off sentiment is a dominant perspective ahead of this week’s Jackson Hole summit. Over the three-day symposium, the Federal Reserve is expected to clarify its perspective on inflation, interest rate… Source link

Bitcoin has closed about important resistance but continues to move sideways in the last 24 hours as the altcoins sector shows more strength. The first cryptocurrency by market cap might be forming a range between its yearly low at around $18,000 with a top near its previous highs. At the time of writing, Bitcoin (BTC) trades at $21,600 with sideways movement in the day and a 7% loss over the past week. BTC’s price with minor gains on the 4-hour chart. Source: BTCUSDT Tradingview Trader… Source link

Today’s Litecoin price is up by less than a percentage point. Despite the small gains in the market, the gain resumes a long-term trend. This is after its recent struggle in the markets that had seen its prices plummet by 20 per cent in less than two weeks.  Part of the reason we saw such a huge drop in Litecoin is due to the current bearish trend of the cryptocurrency industry. For instance, Bitcoin, which is positively correlated with Litecoin, is down by 8 per cent. With the industry… Source link

New & Noteworthy: Monero Hard Fork Improves Privacy – Bitcoin Will Likely Remain Criminals’ ‘Favorite’ On August 13th, 2022, Monero underwent a hard fork, i.e. a protocol upgrade that introduced several new features to improve user anonymity and performance. [5] EclecticIQ analysts assess that Bitcoin will remain the most popular currency used by cybercriminals [6], but that savvy criminals will switch to Monero and other Anonymity Enhanced Cryptocurrency (AEC). Due to its promise… Source link

“We’re starting to see more demand from the consumer side for transparency into what’s happening in supply chains, and this phenomenon started with food,” James-Lubin said. “In the grocery store, you may see labels saying things like product from Argentina or Australia, or organic, and people used to take the retailer’s word for it. Now they want to know what it actually means – which farms did the food come from, what has happened to these products along the way.” Source link

Bitcoin (BTC), the leading cryptocurrency by market value, has dropped by 13% since reaching a high of $25,000 on Aug. 15, CoinDesk data shows. Wall Street’s tech index Nasdaq has lost nearly 6% since Aug. 15, while the dollar index, which gauges the greenback’s exchange rate against major fiat currencies, has jumped 2.5%. The U.S. 10-year bond yield has increased by nearly 30 basis points. Source link

Text size Bitcoin prices recently have been trading in a range from $20,000 to $24,000. Dreamstime … Source link

Blockchain-savvy developers are attempting to create all-encompassing NFT-based video games, or a “Metaverse,” using this technology because the NFT craze from earlier this year is still going strong. Users can trade digital assets that can be turned into cryptocurrencies here for blockchain-based deeds to such investments. We now examine a few of the early rivals in this industry, such as Big Eyes Coin (BIG), The Sandbox (SAND), and Monero (XMR). Big Eyes (BIG) Built on the… Source link

The largest digital currency in the world, Bitcoin, is still fluctuating below the $22K price mark. Meanwhile, its daughter token, BCH, has recently gained some green bars, surging by 7%. BCH is the hard fork of Bitcoin. Its development is structurally and technically in line with those of Bitcoin. However, there’s just one notable difference between these two digital tokens, which is Block Size. Segregated option was not the best answer to the scalability problem of BTC. They observed a… Source link

Litecoin [LTC] investors are still uncertain about their fate especially after starting their week on a low, courtesy of last week’s bearish performance. This is despite a bit of recovery but LTC’s short-term fate is still up in the air. Litecoin’s pullback of last week triggered a retest of its ascending support line. The latter is part of the cryptocurrency’s price channel for the last eight weeks. It has already retested the same support multiple times in the past,… Source link