This week in coins. Illustration by Mitchell Preffer for Decrypt. The crypto market couldn’t hold on to gains it made last week following eight consecutive weeks of decline. According to CoinMarketCap data, all of the top 10 cryptocurrencies fell in the past week by at least 3% except Cardano (ADA), which is up 6% on the week. Market leader Bitcoin weathered the storm better than most leading coins and declined just 3% in the last seven days. It trades for $28,733 at the time of writing.

Bitcoin (BTC) dropped to two-week lows on June 11 as the week’s Wall Street trading ended with bears in control. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView U.S. inflation print proves setback Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it reached $28,528 on Bitstamp, its lowest since May 28. The pair had fallen in step with stock markets on June 10, these finishing the week noticeably down — the S&P 500 and Nasdaq Composite lost 2.9% and 3.5%… Source link

Crypto prices plunged as the weekend commenced, following yesterday’s U.S. inflation report, which came in at a 40-year high of 8.6%. ETH fell to its lowest point in fifteen months, while BTC dropped below $29,000. Bitcoin Following days of consolidation, BTC finally moved late on Friday into Saturday, as crypto prices responded to the latest inflation report. Data from the United States showed that inflation came in at a 40-year high of 8.6%, which is higher than the 8.3% many had… Source link

Another cryptoweek is behind us. Let’s recap! Bitcoin ended its record-long losing streak and BTC inflows grew while ethereum saw outflows, BTC’s historical performance is no guide for the future in 2022, Ethereum’s Ropsten testnet finally merged, while Vitalik Buterin asked the community what they disagree on with him, Justin Sun’s Tron revealed more details about the USDD backing in a move to distance the stablecoin from… Source link

The CEO of global investment manager VanEck, Jan van Eck, is reportedly expressing optimism that the price of Bitcoin (BTC) will rise to stratospheric heights. The VanEck CEO says that Bitcoin could rally by around 732% from current levels to reach $250,000, according to a report by business publication Barron’s. Van Eck says that at the six-figure price, which he believes could take decades to materialize – Bitcoin’s market capitalization will be about 50% of gold’s… Source link

Late Friday, Ethereum was once again feeling the pinch of the broader crypto market, trading below $1,800, as prices retreated for the fourth consecutive session. In spite of these little losses, the bearish momentum has prevented ETH from breaking through the $1,800 barrier in the last seven days. After a sluggish pace in April, inflation surged again in May, which might have a negative influence on cryptocurrency markets already suffering from the Federal Reserve’s stricter monetary… Source link

Razi Khan A Master’s graduate in Renewable Energy Systems from England, UK, Razi is a tech-enthusiast. He’s served as a content specialist for BlockPublisher in the US and has been an avid member of the crypto space as a journalist, trader, investor and analyst since 2018. Source link

Privacy and anonymity are some of the founding principles of the entire blockchain and cryptocurrency space. In recent times, however, the influence of these principles has taken a back seat. Recently top cryptocurrency Litecoin (LTC) disclosed that it was set to launch its privacy protocol. The announcement, however, did not receive the desired welcome. An estimated five South Korean exchanges will delist Litecoin (LTC) following its privacy protocol announcement. These exchanges have… Source link

Bitcoin (BTC) ATM installations have marked a new comeback as June 2022 saw the reversal of the five-month-long downward trajectory for the first time this year.  The global ATM installations worldwide fell consistently throughout the year, with May reporting the lowest number of 205 ATM installations. However, June saw the installation of over 882 ATM installations in just the first ten days. Chart showing the net change of cryptocurrency machines number installed and removed monthly…. Source link

Monero will now issue 0.6 XMR per block forever! This is a huge moment for Monero and the cryptocurrency community as a whole. The Monero (XMR) blockchain was designed with what they call a tail emission. Monero block rewards will never drop to zero. Block rewards will gradually drop until tail emission commences at the end of May 2022. At this point, rewards will be fixed at 0.6 XMR per block. For those that may be new to Monero, briefly, Monero is a decentralized cryptocurrency with… Source link