Bitcoin (BTC) survived another night without breaking $20,000 on June 17 as $14,000 cemented itself as a likely bottom level. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader plans to go “all in” on BTC at $14,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $20,220 on Bitstamp overnight before rebounding up to $1,200 higher. The pair remained skittish but within a narrow range as market participants waited to see how long $20,000 would hold…. Source link

“Although a 50 basis point hike was anticipated for many weeks, last Friday’s inflation data forced the market to price in a more aggressive hike with huge sell pressure,” Marcus Sotiriou, an analyst at crypto broker GlobalBlock, said in an email. “Therefore, a 75 bp hike was priced in for the short-term leading to a rally.” Source link

A Bitcoin ATM is seen at a subway station in Brooklyn Heights in New York City on June 13. Bitcoin and other cryptocurrencies have plunged in value in recent days. Michael M. Santiago/Getty Images hide caption … Source link

Litecoin [LTC] bears demonstrated their dominance once again towards the end of last week, leading to more downside. However, LTC’s latest lows suggest that it is closer to the bottom than expected. LTC achieved a new 2022 low on 14 June after bottoming out at $40.32. Its historic performance reveals that the latest price low acted as a structural level in 2020. LTC hovered near the same price level in the second half of 2020 before embarking on a rally in October of the… Source link

Editorial Independence We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money. It’s been a bad week for the crypto market. For investors, the big question is how low will crypto prices go? After the prices of bitcoin, ethereum, and other cryptocurrencies saw big drops this week, several experts say it could get even worse… Source link

Tomiwabold Olajide Gene Simmons says he continues to hold Litecoin and 13 other cryptocurrencies The legendary Kiss singer, Gene Simmons, says he continues to hold Litecoin and 13 other cryptocurrencies despite the recent market downturn. In his words, “And, I will continue to hodl,” Simmons implies that he has not sold any of the assets. In 2021, Simmons spoke of his fondness for digital assets in an interview with the American Songwriter news website, where he referred to… Source link

El Salvador has invested heavily in bitcoin and related infrastructure in a bold plan to build its economy around the cryptocurrency, but now its value has plummeted … Source link

But ether changing to proof of stake will reduce ETH’s similarity to (and substitutability for) BTC, while simultaneously increasing its similarity to (and substitutability for) various major proof-of-stake assets such as Cardano, Solana, Tron, Avalanche, Algorand and others. Source link

Ethereum’s native token Ether (ETH) slumped on June 16, suggesting that its relief rally coinciding with the Federal Reserve announcing it will hike the benchmark rate by 0.75%, is at risk. Ether bulls trapped? Ether’s price slipped by 9.2% to around $1,120 per token a day after it rebounded by 23% after dropping to almost $1,000, its worst level since January 2021. The ETH/USD pair’s upside move, followed by a sharp correction, appeared in tandem with U.S. stocks, confirming that it traded… Source link

Cryptocurrencies have rallied following the announcement of a 75 basis point hike by the U.S. Federal Reserve. With inflation in the U.S. soaring past 8.6% in May 2022, the Fed made the the most aggressive rate hike in 28 years yesterday. Bitcoin (BTC), the largest cryptocurrency by market cap, is up 5.7% over the past 24 hours and is currently hovering around $21,400, according to data from CoinMarketCap. Ethereum (ETH), the second-largest cryptocurrency, has gained 10.9% in the last 24… Source link