Bitcoin (BTC) ranged below $17,000 at the Dec. 8 Wall Street open as the U.S. dollar threatened further weakness. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar dips as stocks see modest upt Data from Cointelegraph Markets Pro and TradingView showed BTC/USD practically flat over the 24 hours to the time of writing. With macro cues lacking, analysts eyed a potential breakdown in U.S. dollar strength as the next volatility catalyst for crypto and risk assets. The U.S. dollar… Source link

Bitcoin continued to slip on Thursday, with the coin remaining close to its lowest level since the end of November. Momentum in cryptocurrency markets has shifted in recent days, with sentiment currently bearish. Ethereum was also lower, with the token dropping towards $1,200. Bitcoin Bitcoin (BTC) remained near a one-week low on Thursday, as cryptocurrencies continued to trade in the red. BTC/USD slipped to a bottom of $16,750.56 earlier in the day, less than 24 hours after trading… Source link

The year 2022 has been a very rough one for Bitcoin and the general crypto market. In the initial 11 months of the year, BTC declined by about 65%. Then, when it appeared that BTC gained stability at the $20K price mark, the FTX contagion broke out. The adverse event has brought the leading coin, Bitcoin, down by around 75% from its peak price of $68,789. BTC currently trades at $16,823. Bitcoin shows a decline on the chart l BTCUSDT on Tradingview.com Notwithstanding, Bitcoin is still more… Source link

While the Ethereum network and its users continue to suffer from the high fees of the layer-1 blockchain, various layer-2 (L2) solutions are stepping into the spotlight to solve the problem. As analyst Miles Deutscher explained, citing data from Dune Analytics, layer-2 scaling solutions saw monumental growth in 2022. “I expect this trend to continue in 2023 and beyond,” Deutscher commented. Ethereum gas spent to settle L2 transactions. Source: Twitter Blockchain analytics firm Nansen… Source link

Cryptocurrencies Dash (DASH) and Litecoin (LTC) are offering similar solutions to each other but neither of them can keep up with Snowfall Protocol’s recent 250% increase in value. Snowfall Protocol is a new cryptocurrency that has been gaining a lot of attention lately because of its unique interoperability model and impressive 250% increase in value over the past week. Presale: https://presale.snowfallprotocol.io By avoiding Dash (DASH) and Litecoin (LTC) and investing in Snowfall… Source link

Cryptocurrencies Dash (DASH) and Litecoin (LTC) are offering similar solutions to each other but neither of them can keep up with Snowfall Protocol’s recent 250% increase in value. Snowfall Protocol is a new cryptocurrency that has been gaining a lot of attention lately because of its unique interoperability model and impressive 250% increase in value over the past week. Presale: https://presale.snowfallprotocol.io By avoiding Dash (DASH) and Litecoin (LTC) and investing in Snowfall… Source link

Litecoin transactions with the world’s largest crypto processor BitPay climbed to 27.6%.  Litecoin was second to Bitcoin in volume of transactions according to BitPay stats, LTC outperformed other cryptocurrencies post the FTX collapse.  Analysts’ outlook on Litecoin remains bullish with a target of $101.50 before the end of 2022.  Litecoin transaction count explodes on the world’s largest crypto payment processor BitPay. The altcoin outperformed other… Source link

Bitcoin (BTC) investment vehicle, the Grayscale Bitcoin Trust (GBTC), is trading close to 50% below the BTC price on spot markets. Data from on-chain analytics platform Coinglass confirms that on Dec. 8, GBTC shares hit a new record low of -47.2% against BTC/USD. GBTC troubles pile up post-FTX In the latest bout of nerves to hit the Bitcoin industry since the fall of FTX, GBTC is nearing half-price versus the price of Bitcoin. The largest institutional Bitcoin investment vehicle, with assets… Source link

Ethereum to Set Window for Withdrawals as Shanghai Upgrade Takes Shape The Surge will have to wait.  Ethereum’s developers are prioritizing Beacon Chain withdrawals for the network’s next major upgrade, Shanghai, delaying the implementation of The Surge, the network’s sequel to The Merge, according to the latest Ethereum Consensus Layer call. This marks the first time devs have provided a set window for withdrawals. The move is important because The Surge, which was to be part of… Source link

Bitcoin Analysis  Bitcoin’s price took a step back on Wednesday and when traders concluded for the daily session, BTC’s price was -$252.   The first chart we’re looking at today is the BTC/USD 4HR chart below from bOnchain. At the time of writing, BTC’s price is trading between the 0.618 fibonacci level [$16,682.39] and 0.786 [$16,952.07].  If bullish traders can regain the 0.786 fibonacci level their next target is to break out of the current wedge pattern that BTC’s price… Source link