by Analytics Insight January 21, 2022 This article features an update on cryptocurrencies like Avalanche, Matic, Litecoin, and more The third week of January has seen the crypto market price plunge, though not as big as the first week. But this has not stopped cryptocurrencies from posting impressive growth in developing networks, adoption rates, and so on. There are exciting updates that crypto investors need to know today about these top cryptocurrencies of 2022:   Bitgert Bitgert team… Source link

Bitcoin (BTC) may have tanked to six-month lows this week, but under the hood, the network is now verifiably stronger than ever. Data from on-chain monitoring resources including Glassnode and BTC.com confirms that as of Friday, the Bitcoin network difficulty is at a new all-time high. Difficulty passes 26 trillion for the first time The difficulty, which expresses how much miners need to work to solve the equations to process transactions on the blockchain, is arguably the most important of… Source link

Bitcoin has fallen over 7% in the last 24 hours, and was trading at $39,097 as of 3:00 am ET, according to CoinDesk. The world’s most valuable cryptocurrency has plummeted over 15% since the beginning of the year. In November it was trading at a record high of $68,990. Its peers have fared worse recently. Ethereum, which is the world’s second most valuable cryptocurency, fell almost 8% in the last 24 hours, and is now trading at around $2,895, according to CoinDesk. It is down almost 20%… Source link

European shares declined, following a sell-off on Wall Street, with shares in technology companies under pressure after streaming group Netflix warned on subscriber growth. The regional Stoxx 600 equity gauge fell 1.3 per cent in opening dealings on Friday, while London’s FTSE 100 slid 1.2 per cent. In Asia, Hong Kong’s Hang Seng fell 0.1 per cent and Japan’s Nikkei 225 declined 0.9 per cent. Technology stocks were among the worst performers on Friday on the Stoxx 600, with the index… Source link

Ethereum price slid below two critical levels of defense as the bears kickstarted a sell-off. A 14% decline toward $2,452 is put on the radar, given by the prevailing chart pattern. The bulls would need to reclaim $2,870 as support to reverse the period of underperformance. Ethereum price has dropped below two significant footholds on January 21, as selling pressure increased. ETH could be at risk of declining an additional 14%, a pessimistic forecast given by the… Source link

Ether, Solana, and other L1s also slip during Asia trading day Jan 21, 2022 at 4:11 a.m. UTC Updated Jan 21, 2022 at 4:11 a.m. UTC Bitcoin’s price fell below $40,000 for the first time in months in the early hours of Jan. 21. (CoinDesk Bitcoin Price Index) 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 price made an attempt to terminate the current downtrend. Critical resistance prevented any further upwards momentum. Bears could drop Litecoin to $70. Litecoin price continues to trend lower, threatening to create new six-month lows, perhaps even surpassing the 2021 lows.  Litecoin price positioned for a 40% move lower, extending the bearish oulook Litecoin price action may soon entice a large number of sellers still on the sidelines to finally… Source link

Phira Phonruewiangphing/iStock Editorial via Getty Images I’ve written quite a few articles (I, II, III) on how the Grayscale Litecoin Trust (OTCQX:LTCN) was one of the craziest things happening in the market, even on a market where madness wasn’t hard to find. The craziness, at the time, manifested itself through massive premiums over what the trust actually held: Litecoin (LTC-USD). Of course, since then the craziness all faded as more and more shares unlocked. However, recently,… Source link

Joe DiPasquale, the CEO of the crypto fund BitBull Capital, said investors were initially upbeat about a study by the U.S. Federal Reserve on a digital dollar. “Any news that comes from such an official sources lends crypto credibility, and that credibility leads to increased demand,” DiPasquale said. Source link