Cryptocurrency has been off to a rough start this year. After reaching an all-time high in November, the price of Ethereum (CRYPTO:ETH) has plummeted by more than 35% since its peak. It’s not the only one crashing, either. After the Federal Reserve cautioned that it could soon roll back pandemic-era stimulus measures in order to combat rising inflation, the entire crypto market saw a massive sell-off. Crypto prices have also been hit as more countries… Source link

Bitcoin (BTC) investors are voting with their wallets as one-day outflows from major exchanges near 30,000 BTC.  Data from on-chain analytics firm CryptoQuant shows that on Jan. 11, 29,371 BTC left exchange order books — the most since Sep. 10. The four-month high in outflows corresponds to short-term optimism returning on Tuesday as BTC/USD bounced and maintained levels above $42,000. The pair subsequently went on to hit local highs of $43,150 before consolidating, this nonetheless a… Source link

The main purpose of the fund will be to defend developers from from lawsuits regarding their activities in the Bitcoin ecosystem, Dorsey wrote in an email to the bitcoin-dev mailing list dated Jan 12. Jan 12, 2022 at 6:27 a.m. UTC Updated Jan 12, 2022 at 6:27 a.m. UTC Jack Dorsey (Eva Marie Uzcategui/Bloomberg via Getty Images) Source link

“First Mover” hosts spoke with Kevin O’Leary, aka Mr. Wonderful, for his view on the booming NFT market and the DeFi space. In addition, venture investor and Pantera Capital Partner Paul Veradittakit shared his crypto outlook for 2022. Plus, CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De shared the latest investigative report on Trump-era crypto policy. Source link

New data shows that Bitcoin (BTC) miners are hoarding more coins than at any time in the past five months, which could be a fresh signal that the current prices are not for selling. Analyzing its miner net position change indicator on Jan. 11, on-chain analytics firm Glassnode revealed what popular Twitter account Bitcoin Archive described as “massive” accumulation by miners. Miners show no desire to sell Bitcoin price may be disappointing spot traders this year, but long-time market… Source link

After years in the making, Litecoin’s MimbleWimble (MW) feature could be rolled out this month. Last week, Robbie Coleman, the Creative Director at the Litecoin Foundation, said MW is “now in the final code review.” Similarly, in December 2021, David Burkett, the Lead Developer on the project, gave his estimate for a January 2022 rollout. This time last year, Litecoin was ranked 5th with a market cap of $11.3 billion. One year later, it’s now ranked 24th with a market cap of $9… Source link

Bitcoin (BTC) fell slightly into the Wall Street open on Jan. 11 after the largest cryptocurrency failed to crack resistance above $42,000, but fresh comments from U.S. Federal Reserve chair Jerome Powell appear to be providing a boost to markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin squares off at support According to Powell, the United States is likely to remain in a low-interest environment for some time, a comment that stocks and risk-on assets like… Source link

What happened Many of the most-watched cryptocurrencies are seeing interest rebound today, as investors continue to digest macro data and adjust their portfolios according to the aggregate risk profile the market is comfortable with. Top tokens Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) appreciated 1.8% and 3.5%, respectively, over the past 24 hours as of 11 a.m. ET. These moves generally aligned with the overall crypto market, which surged 3%… Source link

Key Support levels: $3K – $2750 Key Resistance levels: $3,300 – $3,600 ETH’s downtrend is currently taking a break, with prices pausing just above $3,000. The sellers seem unable to push the cryptocurrency lower after the latest attempt yesterday briefly took the price to $2,926 (Bitstamp) before it recovered back above the key support. The resistance is found at $3,300 and appears quite far away at the time of this post. Before buyers have the confidence to put ETH on… Source link

Litecoin, LTCUSD can be in a new, higher degree wave »iv« correction after a completed intraday ending diagonal within wave (v) of »iii«, so keep an eye on the projected resistance in the 130-140 zone, from where we will have to be aware of a continuation lower for wave »v«. Litecoin 1h Elliott wave Analysis LTCUSD is breaking out of wave (4) triangle pattern in the 4-hour chart, which means that wave (5) can be now in progress with room down to around 100… Source link