Bitcoin (BTC) briefly broke above $25,000 on Aug. 15, but the excitement lasted less than an hour and was followed by a 5% retrace in the next five hours. The resistance level proved to be tougher than expected but may have given bulls false hope for the upcoming $335 million weekly options expiry. Investors’ fleeting optimism reverted to a sellers’ market on Aug. 17 after BTC dumped and tested the $23,300 support. The negative move took place hours before the release of the Federal Open… Source link

Bitcoin (BTC) long-term holders are knuckling down as a record portion of the BTC supply stays dormant for years. Data from on-chain analytics firm Glassnode confirms that the percentage of the supply now stationary for at least five years is higher than ever. 2017 BTC buyers not this year’s sellers Bitcoin has recovered almost 40% from its macro lows of $17,600 just two months ago, but for the cryptocurrency’s diamond hands, it has been a non-event. Those who purchased BTC in 2017 or earlier… Source link

In the cryptocurrency game, Monero is undoubtedly a big player. Whether it’s being traded, invested in, or even mined, there are plenty of reasons to get involved with this crypto. However, Monero is now being used for more illicit purposes, i.e. by cybercriminals. So, why is Monero becoming so popular among malicious actors? What Is Monero (XMR)? Image Credit: BeatingBetting.co.uk/Flickr Before we get into Monero’s use by cybercriminals, let’s run through a quick… Source link

Monero bulls are now facing strong resistance at the 0.382 Fibonacci level after delivering a riveting performance since mid-June. Its performance in the last seven days underscores a battle for dominance between Monero bulls and bears. Monero managed to rally by as much as 76% from the bottom of its latest bear run in June. Its upside encountered a strong sell wall near the $170 price level. This is a critical price zone for the cryptocurrency because it is right on the 0.382… Source link

Ethereum was once again trading below $1,900 during Thursday’s session, as the Ethereum Foundation clarified speculation surrounding The Merge. It was recently rumored that the move will reduce gas fees, however these claims were somewhat dismissed. Bitcoin was also lower, as it continued to trade below $24,000. Bitcoin Bitcoin (BTC) fell lower for a fifth straight session, as the token moved closer to a price floor at the $23,030 level. Thursday saw bitcoin slip to an intraday low… Source link

Monero price has done relatively well in the past few days as investors cheer the recent network upgrade in a bid to make it faster and more secure. The XMR token rose to a high of $174, which was the highest it has been since June 10. It has risen by more than 70% from its lowest level this year, giving it a market cap of over $3 billion. XMR demand rising Monero is a leading cryptocurrency that focuses on the privacy of transactions. Its technology uses advanced encryption to ensure that all… Source link

“The liquidity contraction is still underway. The Fed’s remarks in the minutes of its July meeting indicated that the liquidity contraction may end in 2023, but the timing of the re-addition of liquidity is unknown,” Griffin Ardern, a volatility trader from crypto asset management firm Blofin, said. Source link

Numerous projects have been launched into the market since new cryptocurrencies and NFTs gained popularity. Within weeks after their debut, most of these ventures either lose their relevance or are abandoned. Upon closer examination, it becomes apparent that those initiatives lack actual usefulness. We have been keeping a close eye on Carlossy Caterpillar (CAR), a potential concept for a meme currency that is guaranteed to stand out from the sea of cryptocurrencies that have saturated the… Source link

Source: AdobeStock / butenkow   In line with regulations, Canadian crypto exchanges are introducing measures to cap the annual buy limit for selected cryptoassets at CAD 30,000 (USD 23,250) per year – and these exclude (only) four large coins.  While the cap will not impact Canadian crypto investors’ capacity to invest in some of the leading coins, it is likely to cut their purchases of a wide range of altcoins. Canadian crypto… Source link

Text size Crypto mining companies have seen their stocks soar in the past month. Pictured here is Fred Thiel, Marathon Digital’s chief executive officer. Jordan Vonderhaar/Bloomberg … Source link