It is easier to simply sell short-term rallies that show signs of exhaustion. Monero has gotten hammered during the trading session on Thursday right along with the rest of crypto as risk assets across-the-board were sold off. As long as there are going to be concerns about risk appetite, it is almost impossible to imagine a scenario where alt coins such as Monero take off to the upside. Because of this, I do think that Monero is more likely than not to go looking towards the $150 level… Source link

An interesting development in cryptocurrency-based darknet markets bewildered the industry last year when imprisoned Silk Road founder Ross Ulbricht sold his first NFT for $6.2 Million to fund his release. Silk Road was one of the first and biggest darknet marketplaces to have surfaced last decade before Ulbricht was arrested in 2013. Even as Silk Road might have ceased operations, a plethora of similar marketplaces have since surfaced on the darknet to cater to numerous, mostly illegal,… Source link

Ethereum extended decline below the $3,000 support against the US Dollar. ETH price tested the $2,850 support, below which it could nosedive. Ethereum started a sharp decline below the $3,000 support level. The price is now trading below $2,950 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $3,065 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it fails to stay above the USD 2,850… Source link

Bitcoin (BTC) and altcoins dropped further on Feb. 17 after the situation in Ukraine worsened and Russia expelled Bart Gorman, the United States Deputy Chief of Diplomatic Mission, from the country after President Biden reiterated that the threat of a Ukraine invasion by Russia was “very high.”  Data from Cointelegraph Markets Pro and TradingView shows that the afternoon resurgence in sell-side pressure dropped the price of Bitcoin to a daily low at $40,081 as bulls frantically regroup… Source link

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Litecoin Falls 10% In Bearish Trade Investing.com – was trading at $115.900 by 16:11 (21:11 GMT) on the Investing.com Index on Thursday, down 10.02% on the day. It was the largest one-day percentage loss since January 21. The move downwards pushed Litecoin’s market cap down to $8.151B, or 0.44% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $115.900 to $129.000 in the previous twenty-four hours. Over the… Source link

The quick-moving volatility that the cryptocurrency market is known for reared its ugly head on Feb. 17 as ongoing tensions between Russia and Ukraine and the rest of the world walloped financial markets around and briefly plunged Bitcoin price below the $41,000 level.  Data from Cointelegraph Markets Pro and TradingView shows that the crypto market was hit with a wave of selling beginning near midday on Feb. 17 that dropped BTC to a daily low of $40,743 before bulls bid the price back… Source link

What happened  The value of cryptocurrencies dropped rapidly on Thursday as investors try to decipher what kind of regulation is coming to the industry in the U.S. The White House appears ready to push for regulation on the cryptocurrency industry and that uncertainty alone is spooking investors.  As of 2 p.m. ET, Bitcoin (CRYPTO:BTC) had dropped 6.3% in the last 24 hours, Ethereum (CRYPTO:ETH) was down 6.2%, and Dogecoin (CRYPTO:DOGE) had fallen… Source link

Despite an impressive rally to the $140 range earlier this month, top cryptocurrency Litecoin (LTC-USD) has since seen volatility materialize to the downside. Currently, this token is down more than 6% today, as the broader crypto market sells off alongside risk equities. For many investors, expectations of where the expert Litecoin price predictions suggest this token could go from here now matter more than ever. Source: Wit Olszewski / Shutterstock.com One of the oldest… Source link

Also, the network hosts a vibrant staking economy with over 74% of the total supply of SOL currently being staked. For those unfamiliar with the term staking, it is the process of depositing or locking away an amount of tokens on a blockchain to become eligible to take up the role of a validator, or an active participant of the network, and, in turn, earn rewards. Source link