Bitcoin (BTC) pulled off an impressive double-digit rally this year, but the digital asset has been struggling to break the $45,000 resistance lately. This level does not hold any historical importance because it has been easily breached multiple times. The same can be said for Bitcoin’s $850 billion capitalization, which isn’t anywhere close to silver’s $1.4 trillion, or the Amazon and Google’s $1.7 trillion market value. Bitcoin’s market cap is often compared to gold, which has a $12.3… Source link

Throughout this series of articles, we’re looking at the top blockchains in cryptocurrency to help you make sense of the alphabet soup of so-called “altcoins” that exists beyond that of bitcoin’s BTC and Ethereum’s ETH. We will look at what they are, how they work, what they do, and their pros and cons. You’ll come out of this series not only with a better sense of what cryptocurrency is all about, but you’ll also understand why the way a token works — the way its blockchain… Source link

Investor sentiment across the cryptocurrency ecosystem has seen a significant shift in the positive direction over the past week, despite events in the wider world. Currently, Bitcoin (BTC) is back above $43,500 and many altcoins are also witnessing double-digit gains. Crypto Fear & Greed index. Source: Alternative The ongoing conflict in Ukraine and recent actions taken by governments to limit access to banking services may have helped to shine a light on the value of holding… Source link

Bitcoin appeared to be recovering over the past two days after macro concerns worldwide had pushed the largest cryptocurrency to lose significant valuation, along with most other crypto assets. In fact, investors have been holding strong amidst the past week’s havoc, with digital asset flows registering renewed positive movement. In the last week of February, $38 million was poured into digital asset investment funds, “despite the ongoing turmoil in Eastern Europe”, noted CoinShares… Source link

New york, NY, March 02, 2022 (GLOBE NEWSWIRE) — After taking the crypto space by storm over the last few months, BITMANU has just launched a Buy 3 Get 1 Free special offer for its rapidly expanding pool of customers. This lucrative promotional campaign will be available through the company’s website until 10 April. BITMANU recently stormed into the market with its three extremely powerful mining rigs. Within a very short time-span, it’s BM1, BM2, and BM Pro miners have become… Source link

Alex Dovbnya Digital Currency Group has announced another buyback program, which covers a slew of the trusts offered by cryptocurrency asset manager Grayscale Cryptocurrency conglomerate Digital Currency Group (DCG), the parent company of leading asset manager Grayscale, has announced a $250 million share buyback program. The sum will be spread among various funds operated by the company. DCG intends to buy back $30 million worth of shares in Grayscale Litecoin Trust (LTCN). The… Source link

Bitcoin (BTC) hit daily lows, then bounced strongly on March 2 as fresh comments by the United States Federal Reserve added to macro volatility. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Powell: March rate hike expected “appropriate” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $43,350 on Bitstamp before the Wall Street open on March 3. A recovery ensued as trading began, however, with the pair already back above $45,000 at the time of… Source link

Monero achieves an average risk analysis based on InvestorsObserver research. The proprietary system gauges how much a coin can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk. InvestorsObserver is giving Monero a… Source link

Bitcoin (BTC) is “looking pretty good” as the week progresses as bulls line up challenges for several significant resistance levels. In an update to Telegram subscribers on March 2, Filbfilb, an analyst at trading suite Decentrader, joined increasingly bullish sentiment around the outlook for BTC/USD. Trader focuses on levels above $40,000 After surprising the market with a breakout Monday, Bitcoin has risen to challenge February highs. While so far not beating them, investors and traders… Source link

This is a market that I think will face quite a bit of headwind, because we are simply not in the right economic cycle for crypto to do well on the whole. Monero has been very bullish during the trading session on Tuesday to reach towards the $180 level. This is an area that is worth noting because it has previously been both support and resistance. We also have the 50 day EMA sitting there and sloping lower, so that has a bit of technical resistance built into it anyway. Monero has formed… Source link