Defying the broader sentiment, UNI poked above the 61.8% resistance level whilst Stellar formed a cup and handle pattern on its 4-hour chart. On the other hand, Litecoin continued its sideways movement. However, all the aforementioned cryptos flashed a weak directional trend. Uniswap (UNI) TradingView, UNI/USDT UNI’s long-term bearish streak reversed from the crucial 11-month support at the 13.98-mark. The rising wedge (white) saw a breakdown from the golden 61.8% Fibonacci level. This… Source link

The world’s largest cryptocurrency has been languishing around $47,000, well below early November’s highs of nearly $69,000. The malaise surrounding Bitcoin runs far deeper than its price. The world’s largest cryptocurrency has been languishing around $47,000, well below early November’s highs of nearly $69,000. A look under the hood helps explain why: Trading volumes have dried up, futures open interest is plunging and the number of active addresses has stalled out. Taken together,… Source link

The history of technology ecosystems shows that once a market enters the mass adoption phase, it’s remarkably hard to dislodge the early leaders. Personal computers, smartphones, networking equipment and cloud computing all show similar patterns: Even a decade or two after they got their start, the early market leaders were still the biggest players, and while successful new entrants still gain traction from time to time, it’s notable mostly because it is so rare. Now think about the… Source link

Litecoin (LTC) gets a bearish rating from InvestorsObserver Wednesday. The crypto is down 1.43% to $148.07 while the broader crypto market is down 0.99%. Litecoin has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Litecoin! Bearish Over the last five days, Litecoin has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of… Source link

Popular travel website Airbnb could soon accept cryptocurrencies for payments, CEO Brian Chesky has hinted. “Like the revolution in travel, there is clearly a revolution happening in crypto,” he added. Airbnb’s CEO Says ‘There Is Clearly a Revolution Happening in Crypto’ The CEO of Airbnb, Brian Chesky, asked on Twitter earlier this week, “If Airbnb could launch anything in 2022, what would it be?” On Tuesday, he revealed that he received 4,000 suggestions, noting that… Source link

Litecoin Plus (LCP) gets a bullish rating from InvestorsObserver Wednesday. The crypto is up 49.4% to $0.03987291528 while the broader crypto market is down 0.59%. Litecoin Plus has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Litecoin Plus! Bullish Over the last five days, Litecoin Plus has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score… Source link

The world’s most valuable cryptocurrency has fallen to about $46,000 after surging to a record high near $69,000 in November. Yet Goldman Sachs (GS) said in a report this week that bitcoin (XBT) could more than double, to a little over $100,000 per coin, within the next five years. “We think that bitcoin’s market share will most likely rise over time as a byproduct of broader adoption of digital assets,” Zach Pandl, the co-head of global foreign exchange, rates and emerging market strategy… Source link

Ethereum (CRYPTO:ETH), the second-largest cryptocurrency, sports a $445 billion market cap after a five-bagger performance in 2021 that made even Bitcoin (CRYPTO:BTC) look sleepy. ^SPX data by YCharts However, this blockchain network also faces a couple of technical challenges. Ethereum is known as a powerful decentralized computing platform, but its transactions are also seen as slow and costly. Therefore, several rival cryptocurrencies are… Source link

Finally, tech savvy users and bots have been able to look at the mempool, where all pending Ethereum transactions are waiting to process, and see whether the base fee will adjust up or down in the next block. With this information, bots are able to send transactions within the cheaper block and essentially game the algorithm. Source link

Bitcoin (BTC) recovered from new lows of $45,550 on Jan. 5 as analysts waited patiently for a “squeeze” to trigger fresh volatility. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst weighs prospect of “fakedown” toward $40,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning to the previous day’s levels near $47,000 on Binance at the time of writing. The repeated dips had failed to unsettle market participants, who now turned to the… Source link