Bitcoin (BTC) looked set to ditch $17,000 after the Dec. 16 Wall Street open as United States equities continued to fall. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: $240BNB “has nothing but air below it” Data from Cointelegraph Markets Pro and TradingView tracked new intraday lows of $16,743 for BTC/USD on Bitstamp. The pair had abruptly dived nearly 3% earlier in the day, compounding losses, which immediately followed one-month highs. Ongoing concerns over largest… Source link

Monero (XMR) is a popular privacy coin known for its heightened anonymity. But as this cryptocurrency has increased in popularity and prevalence, it has faced a good deal of controversy, causing certain exchanges to delist it for trading. But worry not; plenty of popular exchanges still list Monero. So, who’s still open for Monero trading? Why Monero Is Criticized A cryptocurrency receiving pushback is nothing new, but Monero is a particularly fragile topic among… Source link

Bitcoin (BTC) has sustained losses across 2022 amid an extended cryptocurrency bear market that is yet to hit a bottom. At some point, Bitcoin appeared to end the year on a positive note after reacting well to the United States inflation and CPI data alongside the subsequent Federal Reserve interest rate decisions.  In this line, Bitcoin reclaimed the crucial $18,000 position, and investors hoped the minor gains will be instrumental for the asset’s possible rally moving into the new… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Bitcoin fell below $17,000 on Dec. 16, as bearish pressure continued to intensify following yesterday’s disappointing U.S. retail sales figures. Sales in the United States were down by 0.6%, which news came less than 24 hours after the Federal Reserve moved to hike interest rates. Ethereum moved closer to the $1,200 level in today’s session. Bitcoin Bitcoin (BTC) fell below $17,000 in today’s session, as markets continued to react to last month’s retail sales data. As retail… Source link

Litecoin has observed a plunge of more than 7% in the last 24 hours, suggesting that the coin’s bullish momentum may have come to an end. Litecoin Drops Hard TodayS But Is Up 20% In The Last Month While the rest of the crypto market was struggling, LTC enjoyed some sharp bullish momentum in the third leg of November, leading some to believe the “pre-halving rally” had begun for the crypto. But the first half of December proved disappointing as the coin mostly consolidated, and now in… Source link

Coinbase (COIN -5.50%), one of the world’s largest cryptocurrency exchanges, went public through a direct listing last April. It closed at $328.28 on the first day. Coinbase initially dazzled the bulls as Bitcoin (BTC -3.15%), Ether (ETH -5.31%), and other cryptocurrencies surged to record highs. But over the past year, the crypto market collapsed as rising interest rates drove investors toward more conservative investments. The failures of numerous smaller cryptocurrencies and exchanges… Source link

Ethereum Shanghai hard fork is scheduled for March 2023, after which the fork stakers/ validators can withdraw ETH from Beacon chain.  Experts have estimated that 15 million Ethereum tokens, representing 12% of the total ETH supply can be withdrawn.  Ethereum price is facing resistance at the $1,278 level, a break past this could push ETH towards the $1,312 level.  Ethereum Shanghai hard fork’s tentative deadline is March 2023. Developers are working on an… Source link

Bitcoin (BTC) fell below $17,000 on Dec. 16 as traders warned of overreaction to “FUD” involving exchange Binance and others. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Binance “FUD” fuels bearish BTC moves Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it put in multi-day lows of $16,928 on Bitstamp. The pair retraced its entire run to one-month highs courtesy of the latest macroeconomic data and policy update from the United States. Amid ongoing… Source link