Bitcoin (BTC) broke through $43,000 after the March 3 Wall Street open with U.S. equities trending down. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks, Bitcoin slide lower on the open Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it stayed within a narrow intraday range on March 3. Forty-three thousand dollars had held as support overnight, nonetheless seeing multiple tests as traders eyed a potential bounce zone around $1,000 lower. #BTC take out… Source link

Litecoin was launched in 2011. Like many cryptocurrencies, it uses a proof-of-work consensus mechanism, relying on mining for its security and coin minting process. Litecoin mining is a highly complex and energy-consuming process that requires a lot of computer processing power. Unfortunately, this means that common CPUs don’t offer enough processing power for mining Litecoin. As a cryptocurrency, Litecoin is nearly identical to Bitcoin. However, it has a much higher unit cap. If you… Source link

Bitcoin (BTC) has the potential to become a “good bet” for investors if the Federal Reserve does everything it can to keep the U.S. economy afloat against impending recession risks, according to popular analyst Bitcoin Jack. The independent market analyst pitted the flagship cryptocurrency, often called “digital gold” by its enthusiasts, against the prospects of further quantitative easing by the U.S. central bank, noting that the ongoing military standoff between Ukraine and Russia had… Source link

I knew I was in the right place when l saw a flier taped to a streetlamp advertising the “world’s first NFT bong.” It was 35 degrees at ETHDenver, an annual Ethereum event that started in 2017, and people were standing in line in the cold afternoon sun for COVID tests. More than 12,000 people from 100 countries came to Denver, though only about 8,500 checked into the conference. ETHDenver is a mix between developer conference and all-out party At five years old, it’s the… Source link

For well over a century, the stock market has been the premier wealth-building machine. Even though it doesn’t outpace bonds or commodities every year, its average annual gain over the very long run is unmatched when compared to other asset classes. But over the past couple of years, it’s cryptocurrencies that have run circles around the stock market. Since the March 2020 pandemic low, the benchmark S&P 500 has come close to doubling. Meanwhile, the… Source link

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 compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

PrimeXBT offers a Cryptocurrency, FX, Indices, and Commodities synthetic contract trading infrastructure. PrimeXBT has listed 24 new trading instruments featuring many of today’s most popular cryptocurrencies, the multi-asset platform announced. The 24 new digital assets available for trading include Binance Coin (BNB), TRON (TRX), TEZOS (XTZ), Terra (LUNA), FTX (FTT), FileCoin (FIL), Avalanche (AVAX), Fantom (FTM), Elrond (EGLD), Polygon (MATIC), Stellar (XLM), Axie Infinity (AXS), Shiba… Source link

Like most cryptocurrencies, 2022 started on a rough note for Ethereum, which nearly halved to $2,200 in January from $4,000 last year. Things looked peachy for the world’s second-largest crypto in 2021 as Ether (ETH) traded around the $4,000 mark, and its global market cap rose to $500 billion by the end of the year. However, the New Year started on a rough note for Ethereum, whoch slid to $2,200 odd levels in January following interest rate hike indications from the Federal Reserve. Ether… Source link

An experiment from Dragonfly Research that compared the performance of six blockchains by testing the capacity of automated market makers (AMMs) on each has found Solana’s Orca decentralized exchange (DEX) was the clear winner in trades per second.  It managed 273.34 trades per second and created a new block every 590 milliseconds. BNB Smart Chain wasn’t too far behind with 194.6 trades per second on PancakeSwap, followed by Polygon, Avalanche, Celo (CELO) and, finally, Ethereum. A blog… Source link

Ethereum price moved past the 50-day SMA at $2,853, indicating the uptick in buying pressure. A successful retest of the 50-day SMA will seal the breakout and forecast a move to $3,200. A twelve-hour candlestick close below $2,558 will create a lower low and invalidate the bullish thesis for ETH. Ethereum price action has been stuck between two major barriers since January 24. The recent uptrend allowed ETH to push through a vital resistance barrier, signaling the… Source link