Noelle Acheson, head of market insights at Genesis Global Trading, shared a similar opinion, saying the core CPI appears stick and the so-called Fed pivot may be months away. “The data yesterday does not mean the Fed will ease up on rate hikes, not until they see a trend of core CPI moderation, which is probably months away,” Acheson said. Source link

Bitcoin might be down, but the leading crypto remains ever-present in the financial world. Despite its high volatility, thousands of investors dream of owning a minimum of 1 Bitcoin in their respective wallets. Now that BTC slumped in price compared to 2021, it is more affordable to investors in these bearish conditions. On-chain market intelligence and analytics platform Glassnode published a report that shows investors are flocking toward Bitcoin amid volatile markets. As of today, the… Source link

Litecoin ($LTC) Explained Litecoin ($LTC) is Charlie Lee’s, a former Google employee, brainchild. It’s a P2P that allows quick, almost zero-cost payments around the globe. The platform is decentralized and open source, so no authorities are in the middle. $LTC was a Bitcoin fork, but with some differences. Lee aimed to create a similar network but with faster payments. That ended with the block having a generation time for Litecoin four times faster. It takes 2.5… Source link

Key Takeaways Ethereum has risen more than 12.5% in the last 24 hours as speculation mounts.  The upswing follows the successful execution of the final “Merge” tetnet. Further upside momentum could ETH surge toward $2,200 or even higher.  Share this article Ethereum is gaining significant bullish momentum as everything appears to be lining up for a successful transition to Proof-of-Stake. Ethereum Edges Closer to the Merge Ethereum briefly surpassed $1,900 today after executing the… Source link

Ethereum’s native cryptocurrency ether hit a high of $1905. Illustration: Reuters/Dado Ruvic/Illustration Ethereum soared 12% today following a successful test ahead of the upcoming ‘merge’, and after CPI data in the US showed inflation had slowed in July. Following the healthier inflation data from the US and the successful Ethereum proof of stake test, Ethereum’s native cryptocurrency ether hit a high of $1905. On Wednesday, the Ethereum network (ETH-USD) ran its last test before the major… Source link

Ethereum’s native asset Ether (ETH) has more than doubled in value since bottoming out at around $885 in June 2022. Now, it eyes a decisive move toward $2,500 in August per a slew of technical and fundamental indicators. Ethereum chain split means more tokens A big part of Ether’s ongoing rally has appeared due to “the Merge,” a network upgrade that will switch Ethereum’s underlying blockchain protocol from proof-of-work (PoW) to proof-of-stake (PoS) in September. Simultaneously, switching to… Source link

Today, there are more than 19,000 tokens available on CoinMarketCap. A lot of these tokens were performing well and were aiming for new heights, but the recent crypto crash caused drastic performance shifts. Almost every crypto coin is trading in red and has faced losses since the start of 2022. These cryptos include Ethereum (ETH), Cardano (ADA), and Litecoin (LTC). Researchers and analysts blame factors like policy changes, high inflation, and post-pandemic… Source link

The global crypto market has resumed its gains after facing a bout of stark bearishness. The change in the market has resulted in its leap to new highs. The value of Bitcoin, Ethereum, and others saw a speedy growth. The recent few days had brought the market to lows affecting various coins and tokens’ prices. As it has resumed gains, it will also attract investments, consolidating the coins. It is yet to be seen how long this bullishness will continue. Ripple is considering plans to buy… Source link

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Monero (XMR) gets a bullish rating from InvestorsObserver Wednesday. The crypto is up 6.65% to $167.1 while the broader crypto market is up 3.54%. Monero has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Bullish Over the last five days, Monero has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Monero over… Source link