Bitcoin was trading at $34,969 as of 1:22 a.m. ET, according to CoinMarketCap. That’s a decline of more than 8% compared to a day earlier. The world’s most valuable cryptocurrency fell below $40,000 over the weekend, and has continued to slide as the Ukraine crisis intensifies. The currency has lost almost half its value since its November high of $68,990 due to geopolitical tensions, the prospect of interest rate hikes by the US Federal Reserve and curbs by some major economies on digital… Source link

© Reuters Litecoin Falls 10% In Selloff Investing.com – was trading at $96.000 by 00:25 (05:25 GMT) on the Investing.com Index on Thursday, down 10.36% on the day. It was the largest one-day percentage loss since January 21. The move downwards pushed Litecoin’s market cap down to $6.797B, or 0.43% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $96.000 to $106.100 in the previous twenty-four hours. Over 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

The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Volatility Spikes, Bitcoin Follows We have covered the relationship between equity market volatility and bitcoin price action extensively since the start of the new year, as the inverse correlation between the price of bitcoin and the VIX (S&P 500 Volatility Index)… Source link

There has been a lot of focus on the performance of the stock and cryptocurrency markets over the past year or two as the trillions of dollars that have been printed into existence since the start of the COVID pandemic have driven new all-time highs, but analysts are now increasingly sounding the alarm over warning signs coming from the debt market.  Despite holding interest rates at record low levels, the cracks in the system have become more prominent as yields for U.S. Treasury Bonds… 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

Litecoin (LTC) has been relatively less volatile when compared to other cryptocurrencies. So far Wednesday, the Digital Money has increased 2.99% to $108.98. InvestorsObserver is giving Litecoin a 14 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin! Low Volatility InvestorsObserver gives Litecoin a low volatility rank of 14, placing it in the bottom 14% of cryptos on the market. The… Source link

When I talk about my cryptocurrency portfolio, some are surprised to hear I have no Ethereum ( ETH 2.81% ). I used to own ETH, in fact I mined it for two years from 2017-2019. However, I’ve fallen out of alignment with the direction that Ethereum has taken. In 2020, I converted most of my assets into Bitcoin ( BTC 0.94% ) including whatever ETH I had. I recognized the problems that Ethereum was trying to solve but began looking elsewhere for similar systems that… Source link

Bitcoin (BTC) checked its latest advance on Feb. 23’s Wall Street open as Russia repercussions continued to play out.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks sour crypto recovery Data from Cointelegraph Markets Pro and TradingView showed BTC/USD falling back towards the $38,000 mark during Feb. 23, having earlier reached $39,200 highs. Pressure from the Russia-Ukraine conflict remained an ever-present threat to equities, with which both Bitcoin and altcoins are… Source link

A key investment case for bitcoin is deteriorating as geopolitical uncertainty and rising inflation hammer cryptocurrency prices. The price of bitcoin fell to a two-week low Tuesday after Russian President Vladimir Putin ordered troops into Donetsk and Luhansk, two breakaway regions in eastern Ukraine, shortly after declaring them as independent. Bitcoin is often referred to as “digital gold” by its backers. The term refers to the idea that bitcoin can provide a store of value similar… Source link