by Analytics Insight January 10, 2022 The price prediction for large cryptocurrencies like Ethereum, Bitcoin, etc looks realistic. Despite the recent price plunge experienced in the first week of January, the price prediction for the large cryptocurrencies still looks good. However, there will be a lot of dynamics that will come into play that will greatly determine whether these predictions will be realistic. The development of individual cryptocurrencies will be crucial. However, there… Source link

Bitcoin (BTC) has dealt significant pain to bulls in recent weeks, and now, fresh data shows just how much. In a tweet on Jan. 10, on-chain analytics firm Glassnode revealed that those longing BTC had suffered a rerun of last May, when BTC/USD began to fall toward $30,000. Long traders fail to “catch the knife” According to Glassnode’s Longs Liquidations Dominance metric, the “majority” of liquidations over the new year involved longs. This is unsurprising, given Bitcoin’s overall… Source link

Norton is facing criticism for including a cryptocurrency mining program with its 360 security suite. Though Norton has been upfront about its plan to include the software, the move has generated a lot of backlash. Norton claims the miner is secure and reliable but the move raises concerns about the mechanics and ethics behind it. Norton Crypto is turned off by default, but many users aren’t happy having it installed at all for various reasons including possible security concerns,… Source link

Mai Capital Management’s chief equity strategist and regional president, Chris Grisanti, has predicted that this year will be tough for crypto largely due to regulations. However, he expects established cryptocurrencies, such as bitcoin and ether, to “do quite well” once regulations come into focus. Equity Strategist’s Crypto Predictions Mai Capital Management’s Chris Grisanti shared his outlook for the cryptocurrency market in an interview with CNBC Thursday. Grisanti, CFA,… Source link

Bitcoin (BTC) may end up falling to as low as $30,000 if the U.S. inflation data to be released on Wednesday comes any higher than forecasted, warns Alex Krüger, founder of Aike Capital, a New York-based asset management firm. The market expects the widely-followed consumer price index (CPI) to rise 7.1% for the year through December and 0.4% month-over-month. This surge highlights why the U.S. Federal Reserve officials have been rooting for a faster normalization of their monetary policy… Source link

An explosion in the growth of crypto networks vying to take market share from Ethereum is unlikely to threaten the dominance of the world’s most used blockchain, according to Joey Krug, co-chief investment officer at digital-asset investment firm Pantera Capital. “If you roll the clock forward 10 to 20 years, a very sizable percent, maybe even north of 50%, of the world’s financial transactions in some way, shape or form will touch Ethereum,” Krug said in an interview.  Source link

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It’s been a rough couple of months for Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH). After reaching record highs in November, both cryptocurrencies have been on a downhill slide. Bitcoin is down more than 36% since its peak, and Ethereum has fallen by nearly 30% since its all-time high. There are several factors that could be fueling this recent sell-off, including news that the Federal Reserve could raise interest rates in coming months, as well as… Source link

Bitcoin, Ethereum, Shiba Inu, Dogecoin, Litecoin – Will These Cryptocurrencies Rule the World? The cryptocurrency market is proving a force to reckon with in the financial industry. As more people adopt digital currencies, the demand for cryptocurrencies is growing bigger. But which are the coins that might rule the world? Well, here are coins proving very disruptive and could dominate the world in terms of the digital currency economy. 1. Bitcoin As the first cryptocurrency, Bitcoin has… Source link

Liechtenstein-based crypto exchange LCX has confirmed the compromise of one of its hot wallets after temporarily suspending all deposits and withdrawals on the platform.  The hack was first identified by PeckShield, a blockchain security company, based on the suspicious transfer of ERC-20 tokens from LXC to an unknown Ethereum (ETH) wallet. hot wallet compromised? @lcx https://t.co/uL5a7oCFfM — PeckShield Inc. (@peckshield) January 9, 2022 The probable hot wallet compromise was soon… Source link