Bitcoin bounced back above $37,000 Tuesday a day after plunging to its lowest level since July in a wild start to the week. However, the cryptocurrency still lost almost half of its value from its all-time high in November, promoting some investors to question if the recovery is short-lived and will be followed by a further downtrend. Bitcoin BTCUSD, +0.37% is trading at around $36,542. “I think we are going through a cyclical downturn. And this… Source link

The new year has been upon us for less than a month, but the Great Crypto Crash of 2022 has already caused a lot of investors pain. The risk aversion dogging Wall Street has infected cryptocurrencies, resulting in a dramatic sell-off in digital coins that yanked Bitcoin (BTC-USD) below $34,000. While the token recouped some of those losses, most analysts think there’s more downside left to probe, especially with crypto’s growing correlation with other risk-on assets. Like stocks, Bitcoin’s… Source link

Litecoin (LTC) has started today’s trading session on the green. After seeing a slump over the past few weeks, the coin appears to be rallying. But despite this, Litecoin (LTC) still remains highly volatile, and it could slide back to $95 in the near term. Here are some highlights though: At the time of writing, Litecoin (LTC) was trading at $107.77, up by about 5% in 24-hour intraday trading. The coin appears on course to retest its overhead resistance of $112 in the coming… 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

Analysts love to issue price predictions and it seems that nine out of 10 times they are wrong. For example, how many times did analysts say “we will never see Bitcoin back at X price again,” only to see it plunge well below that level a few months later?  It doesn’t matter how experienced a person is or how connected in the industry. Bitcoin’s (BTC) 55% volatility must be taken seriously and the impact this has on altcoins is usually stronger during capitulation-like movements. I was… 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

Last November, when cryptocurrency was skyrocketing to new heights and Bitcoin was one of the red-hot financial vehicles of 2021, the mobile payment service Cash App grabbed some trending headlines through partnerships with two headlining NFL names: Green Bay Packers quarterback Aaron Rodgers and Los Angeles Rams wideout Odell Beckham Jr. The significance: Both players endorsed Bitcoin and announced plans to take portions of their 2021 salaries in the cryptocurrency during a month when… Source link

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by Analytics Insight January 25, 2022 Here are the 25th crypto updates about Bitgert, Solana, Cardano, Avalanche, etc. It’s 25th January, and the crypto market is showing some stability, with most of the cryptocurrencies either green or having made a significant recovery for the last 24 hours. At the time of this writing, Bitcoin was green, having recovered from the past 24 hours dip and gained 2% in the green zone. This is a sign the market might be heading for a breather. Apart from… Source link

Bitcoin (BTC) held onto fresh upside on Tuesday after a resurgent stock market took the largest cryptocurrency above $37,500. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView. Fed may spark fresh volatility Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading above $36,000 on Tuesday, with maximum 24-hour gains totaling 14% versus Monday’s floor.  Bitcoin’s correlation to equities remained in focus ahead of a fresh Wall Street open and key information… Source link