What happened This week has certainly been an interesting one in the crypto market. For privacy token Monero (CRYPTO:XMR), some of the headwinds facing cryptocurrencies in general have turned out to be a positive catalyst for this token. Since last Friday’s close, Monero has appreciated 13.8% as of 11:30 a.m. ET today. Most major cryptocurrencies are up over the past seven days. However, Monero’s increase has outpaced most of its large-cap peers due… Source link

What happened Today’s move in three of the top five cryptocurrencies by market capitalization represents yet another reversion downward for these top tokens. Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Solana (CRYPTO:SOL) saw declines of 2%, 2.7%, and 5.4%, respectively, over the past 24 hours, as of 10:15 a.m. ET. These dips today cut each of these top tokens’ weekly gains roughly in half. Bitcoin’s gain over the past seven days comes in at… Source link

In developed economies, bitcoin is very much seen as a risk-on asset and is being traded based on macroeconomic developments such as inflation and central-bank stimulus programs, according to Deane. In developing economies like Turkey, Brazil and Argentina, however, there is a clear inflation-hedge play. Source link

Cryptocurrency News Today – Solana, Cardano, Avalanche, Matic, Litecoin, Bitgert & Centcex by Analytics Insight January 14, 2022 The cryptocurrency industry is growing fast but with highs and lows, just like it is expected for any market. The last few days, the market has been recovering very well, but at the time of this, a drop was experienced across the major cryptocurrencies. However, the market is still vibrant and here are some of the latest updates you need to know today.   1…. Source link

Monero gained upside momentum and managed to get back above the $200 level amid broader crypto market pullback. Monero Trades Well Below 2017 Highs After the Strong Pullback in 2021 Monero is one of the first privacy-focused cryptocurrencies. Back in 2017, when cryptocurrencies have made a major move into the mainstream news flow, Monero reached highs near $475. In 2021, Monero made an attempt to settle above 2017 highs and even tried to settle above the $500 level, but found itself under… Source link

Monero price has staged a strong recovery in the past few days. XMR is trading at $221, which is slightly above this week’s low of $180. This rally brings its total market capitalization to over $3.8 billion, making it the 45th biggest cryptocurrency in the world. XMR steady Monero is a popular cryptocurrency that differs from Bitcoin and Litecoin in that it was created with privacy in mind. Unlike Bitcoin whose transactions are found in a public ledger,… Source link

“First Mover” hosts were joined by world-renowned cryptographer and privacy advocate and Elixxir CEO, David Chaum, who shared his views on the current state of cryptocurrency and blockchain and the development of Web 3, among other topics. Wade Peery, chief administrative officer of First Bank, shared insights into the plan to offer stablecoin “USDF.” Plus, “First Mover” interviewed James Burnham, a partner at the law firm of Jones Day, on the crypto regulation turf war. Source link

Market volatility reared its ugly head once again for crypto traders on Jan. 13 as the excitement of Bitcoin (BTC) hitting its highest level in a week was quickly thwarted by a correction that thrust the cryptocurrency back into the mid-$45,000 range.  Data from Cointelegraph Markets Pro and TradingView shows that after reaching an intraday high of $44,500, bears took control of the Bitcoin market and hammered the price to a low of $42,315 while the wider global financial markets also  Source link

Litecoin (LTC) has rebounded steadily in recent days. The altcoin has actually jumped 4% over the past week, erasing some of the losses we saw during the market crash. But even with these bullish signs, LTC is still firmly in bearish territory and could stay there for some time. But should you still buy it? First, here are some highlights: Although LTC has moved above its 25- and 50-day exponential moving averages, it is still well below its 200-day EMA. Broader sentiment in the… Source link

Ether (ETH) price has bounced 13% from its Jan. 9 low at $2,950, but it seems premature to call the move a cycle bottom. Instead, the larger bearish movement has prevailed and although it looks primarily correlated to Bitcoin (BTC) price, regulatory concerns and a tighter United States Federal Reserve policy have also been blamed for the movement. BTC and Ether have been under pressure since regulators focused their attention on stablecoins. On Nov. 1, the U.S. Treasury Department urged… Source link