The Biden administration is reportedly drafting a government-wide cryptocurrency strategy as an executive order. The directive is expected to be presented to President Joe Biden in the coming weeks. The strategy could be released as soon as next month. US Government-Wide Crypto Strategy The Biden administration is reportedly preparing to release an initial government-wide strategy on digital assets, including cryptocurrencies. The strategy is being drafted as an executive order,… Source link

‘Buy the dips and sell the rally,’ would be any seasoned trader’s piece of advice for timing the market. But, this timing can seldom be accurate in real-time. But, interestingly, a recent observation by trader Edward Morra seems to suggest that Ethereum’s all-time highs are matching with the sell-offs by Ethereum Foundation. $ETHFriendly reminder that ETH foundation cashed out at the top (again). ETH down 40+% since then pic.twitter.com/Bp80hEDvK0 — Edward Morra… Source link

After Bitcoin’s mining difficulty jumped to the highest value ever at 26.64 trillion, the overall hashrate slumped a hair due to the rise in difficulty and lower bitcoin price. This weekend, Bitcoin’s hashrate is coasting along at 189 exahash per second (EH/s), after dropping to a low of 167 EH/s three days ago. The lower price and difficulty rise has put a squeeze on bitcoin mining profits. Mining Difficulty Makes Block Rewards Harder to Find, Bitcoin’s Lower Price Makes It… Source link

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News Home Sunday, January 23, 2022 07:55 AM | InvestorsObserver Analysts InvestorsObserver gives Litecoin an average long-term technical score of 58 from its… Source link

Market Recover For Solana, Cardano, Matic, Avalanche, Litecoin, While Bitgert & Centcex Becomes Bullish by Analytics Insight January 23, 2022 A fresh update on cryptocurrencies like Solana, Cardano, Litecoin, and more The crypto market is turning green, with all cryptocurrencies now slowly recovering. But there are some that have not only recovered but have also become bullish during this breather. Bitgert and Centcex are some of the cryptocurrencies that are doing very well in the crypto… Source link

by Analytics Insight January 23, 2022 This article features the latest updates on cryptocurrencies like Solana, Cardano, and more Today marks the start of the 4th of the year and probably a long breather week for the crypto market. The third was hard for the crypto community as the prices for all the major cryptocurrencies crashed at an all-time low in 5 months. Bitcoin dropped to a price that was last seen in July 2021. Despite this price crash, there was good news, especially crypto… Source link

After the two consecutive days of price slides, bitcoin has reclaimed some ground and stands around $36,000. The altcoins have reacted even better with notable double-digit price gains from Terra, Avalanche, Shiba Inu, and many others. Bitcoin Stands at $36K The past few days didn’t go all that well for the primary cryptocurrency. It was just on Thursday when a sudden price pump drove the asset to a multi-day high at $43,500. However, this is where it all went south…. Source link

Bitcoin’s price has gone from $32,983 on Jan. 22, 2021 to $35,811 on the morning of the same day one year later. In the year between, however, the price dipped below $30,000 in July and climbed above $69,000 as recently as Nov. 10. On a five-year basis, things look a lot better for Bitcoin investors as shares have gone from just over $1,000 in 2017 to its current price that’s hovering around $35,000. That’s an incredible return when you consider that during the same five-year period Amazon … Source link

And it’s not just Bitcoin, as cryptocurrencies in general have had a dismal start to the year. Bitcoin has fallen over 8% in the last 24 hours, and was trading at $35,479 as of 9:30 am ET, according to CoinDesk. The world’s most valuable cryptocurrency has plummeted over 20% since the beginning of the year. In November it was trading at a record high of $68,990. Its peers have fared worse. Ethereum, the world’s second most valuable cryptocurency, has fallen more than 12% in the last 24 hour,… Source link