Bitcoin’s getting a drubbing this week as the Federal Reserve readies a removal of stimulus, but bulls are feeling as emboldened as ever. The largest cryptocurrency by market value has shed about $80 billion since the start of the year amid a slump that’s brought it to its lowest levels since its early-December flash-crash. But out have come predictions it can still reach the vaunted $100,000 level at some point this year. It would have to more than double from current levels around… Source link

It’s been a rough stretch for cryptocurrencies like ethereum and bitcoin. These are the two largest cryptocurrencies by market cap and they have not had an easy run as of late. Bitcoin is working on its fifth straight daily loss, while ethereum is working on its fifth weekly loss in six weeks. While US stocks were able to hit new all-time highs over the last week — with the exception of the Nasdaq — bitcoin and ethereum have been under intense selling pressure. Like tech stocks, bitcoin… Source link

Text size Cryptocurrencies fell in tandem with stocks Wednesday. Advisor/Dreamstime

Crypto investors have cashed out over $135 billion dollars from the asset class so far in 2022, according to Coinmarketcap market cap data, and bitcoin (BTC-USD) is down around 7% year-to-date and hovering around $43,000 as of Thursday at 10 AM ET. “There are no signs of a decisive reversal in sight,” Mikkel Morch, executive director at digital assets hedge fund Ark36, told Yahoo Finance when asked about the largest cryptocurrency’s recent price action relative to its drawdown over the past… Source link

It wasn’t just stocks taking a hit on Wednesday. Cryptocurrencies also corrected sharply as the market swooned, and Ethereum (CRYPTO:ETH) wasn’t immune to the drawdown. The world’s second-most-valuable digital currency tumbled on Wednesday, down 9% by the time the East Coast hit midnight. Where do we go from here? Is this opportunity knocking, or is the door about to get blown in? Given Ethereum’s stellar returns through its six-year trading history,… Source link

LTC/USD traded lower yesterday, breaking below 141.50, which is the lower end of the sideways range that had been containing the price action since December 5th. Although the rate has paused for now near the 131.40 level, the dip below 141.50 has turned the outlook from neutral to bearish in our view. A clear break below 131.40 could pave the way towards the 122.00 zone, marked by the inside swing high of July 23rd, the break of which could extend the fall towards the… Source link

traded lower yesterday, breaking below 141.50, which is the lower end of the sideways range that had been containing the price action since Dec. 5. Although the rate has paused near the 131.40 level, the dip below 141.50 has turned the outlook from neutral to bearish in our view. A clear break below 131.40 could pave the way towards the 122.00 zone, marked by the inside swing high of Jul. 23, the break of which could extend the fall towards the low of that day, at around 113.00…. Source link

Ethereum’s native token, Ether (ETH), plunged sharply hours after the United States Federal Reserve released the minutes of its December meeting, showing that it eyes a faster timetable for hiking interest rates in 2022. The minutes showed that the Federal Open Market Committee (FOMC) is in favor of raising short-term rates “sooner or at a faster pace than participants had earlier anticipated.” According to the CME Group, trading in the interest-rate futures market showed a two-thirds… Source link

Ethereum (CRYPTO:ETH) has had an incredible year, with its price soaring by more than 415% over the past 12 months. Despite all this growth, 2022 could be even more promising for the cryptocurrency. Ethereum is currently transitioning into its upgrade, Ethereum 2.0, which will make it faster, less expensive to use, and far more environmentally friendly. If you’ve been on the fence about investing in Ethereum, now could be the right time to buy. But… Source link

Cardano, Solana, Litecoin, Bitgert, Centcex & Avalanche – What’s Next For These Cryptocurrencies In 2022? Read some of the best cryptocurrencies to consider in 2022 along with their potential offerings. The start of every year means a lot for the crypto community. It is usually the time to take stock of the previous year and look for the next big investment. Below are some of the best cryptocurrencies to consider in 2022 since they have impressive growth signs. But what are they offering… Source link