Newly, crypto businessman Bobby Lee, the brother of Litecoin developer Charlie Lee, shared his views on Bitcoin.  As per the report by a reliable media source, at the time of the interview with Rishaad Salamat and David Ingles on “Bloomberg Markets: Asia” on 21 November 2022, Lee had stated about Bitcoin: “Bitcoin is now below $16,000. Before this, I stated that it will likely touch $15,000. Given the extent of the FTC blow-up, it can touch $13,000 or even go down to $10,000. That… Source link

A seasoned hedge fund manager says that Bitcoin (BTC) will eventually replace gold, and predicts the king crypto will hit a six-figure price tag. In a new interview with Stansberry Research, veteran hedge fund manager Mark Yusko of Morgan Creek Digital predicts that China will be the home of the next world reserve currency, but that Bitcoin (BTC) will replace it sooner after. “There’s only one money in the world: gold. Everything else is credit, everything else is a currency…. Source link

Popular crypto analyst InvestAnswers says that an on-chain signal is suggesting that Bitcoin (BTC) is way overdue for a rally. In a new strategy session, the pseudonymous analyst takes a look at Bitcoin’s realized price (RP) metric, which records the value of all BTC at the price they were bought, divided by the number of coins in circulation. The analyst points out that historically, BTC has not stayed below the RP for long. “We’re counting down to the next halving and here… Source link

Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Digital Money has gained 0.77% to $76.84. InvestorsObserver is giving Litecoin a 28 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin! Moderately Volatile InvestorsObserver gives Litecoin a moderate volatility rank of 28, placing it in the bottom 28% of cryptos… Source link

Bitcoin whales drop to a new two-year low Bitcoin also showed resistance at the $17,000 level Bitcoin [BTC] managed to bounce back above the $17,000 price range. While the current expectation was that it might continue to rally, whale activity suggested otherwise. According to a recent Glassnode update, the number of Bitcoin whales have been on the decline. 📉 #Bitcoin $BTC Number of Whales just reached a 2-year low of 1,665 Previous 2-year low of 1,671 was observed on 22… Source link

Ethereum turned inflationary as network supply fees fail to surge Network validators remain staunch in their duty to avoid slashing events while ETH consolidated Ethereum’s [ETH] quest for profitability took another sour turn as it returned to inflationary condition after a few attempts at the opposite. According to Token Terminal, the decentralized blockchain daily earning in the last 365 days revealed a very low value. Hence, indicating that network gains were almost… Source link

Litecoin prices remained relatively unaffected during the crypto crash. Currently, Litecoin is trading at a one-year high against Bitcoin. Justin Bennett reacted to the current trading price of Litecoin. In the past few weeks, the price of one of the most popular altcoins (cryptocurrencies other than Bitcoin), Litecoin, showed a surge of 18.12% with a trading volume of $300 million (USD). Litecoin’s price remained unaffected during the FTX crash and increased more than 40%. Meanwhile,… Source link

Analysts Favor Orbeon Protocol (ORBN), Avalanche (AVAX) and Monero (XMR) Dropped By Investors by IndustryTrends December 4, 2022   Orbeon Protocol (ORBN) is the new kid on the block when it comes to tokens, so many investors are wondering if it’ll be capable of competing with other cryptocurrency giants like Avalanche (AVAX) and Monero (XMR). Despite being in stage two of its presale, Orbeon Protocol (ORBN) has already attracted investors following analyst claims that the coin will… Source link

Shares of Coinbase, Square-owner Block (SQ), top bitcoin miners Hive (HVBTF) and Riot (RIOT), crypto bank Silvergate (SI) and software firm MicroStrategy (MSTR), led by crypto evangelist Michael Saylor, have all plummeted in the past month. But is the worst almost over? After all, volatility has been a constant in this still nascent industry. Crypto is notorious for big plunges and stunningly epic comebacks. This is not the first crypto winter, as long-term fans of bitcoin can attest. There… Source link

The next section in the ECB post is titled: “Bitcoin is rarely used for legal transactions.” Unfortunately, the body of the section doesn’t prove this point specifically (a shame, really, because it isn’t true) and instead focuses on how bitcoin’s value is based solely on speculation because a) it has no cash flow (like real estate), dividends (like equities), productivity (like commodities) or social benefits (like gold) and b) VCs are propping it up with $17.9 billion of… Source link