Tevarak/iStock via Getty Images Anita Folsom, in inviting me to take part in this year’s Free Market Forum, originally suggested that I write about the problems of Bitcoin. Although I suppose I might have done so easily enough, I have chosen instead to review both Bitcoin’s problems and prospects. I’ve made this choice because, while I recognize Bitcoin’s shortcomings, some of which are indeed serious, and while I even go so far as to wonder whether Bitcoins will still exist when this paper… Source link

Bitcoin (BTC) is keeping traders on the edge of their seats this week as support levels come close to breaking. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders line up targets below $40,000 Data from Cointelegraph Markets Pro and TradingView shows that lines in the sand below $40,000 barely remain intact after multiple retests. The $40,000 mark has been working overtime in recent days as Bitcoin’s macro-fueled downtrend continues to play out. Falling in line with tech… Source link

Monero sees a sustained price surge as the boarder crypto market struggles. Last week and —the two largest cryptocurrencies—dropped by 7.6% and 6%, respectively. Most of the market followed them into the red. However, privacy-oriented cryptocurrency Monero () seems to be withstanding the bearish trend proving its value as sound money during times of crisis. Monero Hits Three-Month High At $244 On Sunday, Monero reached a three-month top at $244. On a weekly basis, XMR is one of the few… Source link

An Ethereum engineer who gave a lecture on how to use blockchain technology in North Korea was sentenced to 63 months in prison on Tuesday. Cryptocurrency expert Virgil Griffith will pay a $100,000 fine for assisting North Koreans in evading US sanctions through the use of cryptocurrencies. The United States forbids its nationals from traveling to North Korea unless they have special permission. His presentation, according to the US Department of Justice, gave… Source link

Litecoin’s (LTC) July-November 2021 bull run saw exceptional gains that halted near the 61.8% Fibonacci resistance. Since then, LTC has steeply downturned within the bounds of multiple reversal patterns. The wider market correction stalled LTC’s northbound trajectory from the 23.6% Fibonacci resistance. Now, a potential break from its current reversal pattern could brace the alt for a test of the $114-zone. At press time, LTC traded at $104.68. LTC Daily Chart Source: TradingView,… Source link

“Economists and investors are looking for evidence the inflation surge that started in early 2021 is close to a peak. One possible early sign came from the monthly change in the core index. It rose 0.3% in March from the prior month, the slowest pace in six months, driven by a 3.8% decline in used vehicle prices. Another encouraging sign was that airline fares, hotel prices and other more volatile categories drove much of the price gains for services, while pressure from categories such as… Source link

Extreme fear is once again the dominating sentiment across the cryptocurrency community after Bitcoin (BTC) faced another day of trading below the $40,000 level and the United States grapples with the highest Consumer Price Index (CPI) print since 1981.  Crypto Fear & Greed Index. Source: Alternative.me Data from Cointelegraph Markets Pro and TradingView shows that an early morning attempt to rally above $40,000 ran into a wall of resistance at $40,650 and BTC price eventually tumbled back… Source link

Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Last week Bitcoin and Ethereum—the two largest cryptocurrencies—dropped by 7.6% and 6% respectively. Most of the market followed them into the red. However, privacy-oriented cryptocurrency Monero (XMR) seems to be withstanding the bearish trend proving its value as sound money during times of crisis. Monero Hits Three-Month… Source link

The relative strength index (RSI) on the daily chart is near oversold levels, which means buyers could remain active heading into the Asia trading day. Further, positive momentum signals on the weekly chart suggests pullbacks will remain brief this month. Source link

Analysis from Huobi Research Institute uncovered many factors that may have contributed to its present price and forecasts future market changes. London, UK –News Direct– Huobi Research Institute The falling price of Bitcoin, which now stands below US$40,000, has prompted many to wonder if the cryptocurrency bull market that began early March is indeed over. Analysis from Huobi Research Institute uncovered many factors that may have contributed to its present price and forecasts future… Source link