Bitcoin has dropped 75% since reaching a record high of $69,000 in November 2021. Photo: Getty Bitcoin fell alongside equity markets on Monday, dipping below $17,000 (£20,774) to prices not seen since October 2020. Bitcoin (BTC-USD) fell 2.1% in the past week, dipping below $17,000 to $16,761. Around $2tn in value has been wiped from the combined crypto market in just over 12 months, according to Coingecko. Check: Crypto live prices Risky assets such as cryptocurrencies and stocks are still… Source link

Bitcoin (BTC) starts the week before Christmas with a whimper as a tight trading range gives BTC bulls little cheer. A weekly close just above $16,700 means BTC/USD remains without major volatility amid a lack of overall market direction. Having seen erratic trading behavior around the latest United States macroeconomic data print, the pair has since returned to an all-too-familiar status quo. What could change it? That is the question on every analyst’s lips as markets limp into Christmas… Source link

One of the first altcoins, or cryptocurrencies other than Bitcoin, was Litecoin, released in 2011. Although it was technically identical to Bitcoin, it significantly sped up transaction times. Transaction processing times for Litecoin are roughly four times faster than those for Bitcoin. In terms of price, cryptocurrency enthusiasts frequently refer to Litecoin as the silver to Bitcoin’s gold. However, LTC has always been much cheaper than Bitcoin, and some investors have chosen it… Source link

Real Vision CEO Raoul Pal says that 2024 will be a great year for the top two digital assets by market cap. In a new interview with crypto influencer Scott Melker, the macro guru says that he envisions 2024 to be a strong bullish year for both Bitcoin (BTC) and Ethereum (ETH). According to Pal, current market conditions in a way mirror those found in 2018 prior to a stock market and crypto bottom, suggesting that digital assets should see significant gains in the next 18 to 24… Source link

One of the first altcoins, or cryptocurrencies other than Bitcoin, was Litecoin, released in 2011. Although it was technically identical to Bitcoin, it significantly sped up transaction times. Transaction processing times for Litecoin are roughly four times faster than those for Bitcoin. In terms of price, cryptocurrency enthusiasts frequently refer to Litecoin as the silver to Bitcoin’s gold. However, LTC has always been much cheaper than Bitcoin, and some investors have chosen it… Source link

Ethereum revolutionised the crypto landscape when it was launched in 2015. Ethereum became the second-biggest crypto by operating as a software platform that runs on a blockchain. Lots of developers use the Ethereum network to build and power new apps, tools, and NFTs. Users can interact with the platform using Ether, the network’s native token — or buy and hold it as a store of value. Developers commonly use Ethereum to create their products, but some invest in it for its potential to… Source link

At a time of bear market-induced uncertainty, crypto investors often tend to stick with Bitcoin (BTC) and Ethereum (ETH) to evade impermanent losses. As a result, the significant movement of such assets intrigues the community as they try and decipher the intent behind the move. Two addresses that have remained dormant for over four years recently came back to life to transfer 22,982 ETH to new addresses — leaving investors scratching their heads. The ETH tokens in question originated from… Source link

Large amounts of Ethereum are on the move as previously inactive whale accounts wake from a five-year slumber. On Dec 19, on-chain analysis Twitter feed ‘Lookonchain’ reported that two dormant Ethereum addresses have started to show activity. The addresses have not been active for five years but woke up on Dec. 18. Two transfers totaling 22,983 ETH were sent out from the whale addresses. At current prices, the value of the transfers was more than $27 million. Other analysts reported… Source link

Litecoin price started a fresh decline from the $80 resistance against the US Dollar. LTC is struggling and remains at a risk of more losses towards the $55 support. Litecoin started a fresh decline from the $85 resistance against the US Dollar. The price is now trading below $70 and the 100 simple moving average (4-hours). There was a break below a key contracting triangle with support near $75.00 on the 4-hours chart of the LTC/USD pair (data feed from Kraken). The price could continue… Source link

Ethereum started a fresh decline from the $1,320 resistance against the US Dollar. ETH is struggling and remains at a risk of a move below $1,150. Ethereum started another decline and traded below the $1,200 support. The price is now trading below $1,200 and the 100 hourly simple moving average. There is a key contracting triangle forming with resistance near $1,190 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down unless the price climbs above the… Source link