During the last seven days, bitcoin’s price has remained above the $16K region following the aftermath of FTX’s collapse. Since then, a number of ‘sleeping bitcoins’ that sat idle for five to nine years have been moving during the last four days. Bitcoins that were worth far less back then are being transferred for the first time in years. $20M Worth of Old Bitcoins Move After Sitting Dormant for Years Bitcoin’s (BTC) price has remained steady during the last seven days,… Source link

A senior executive at the $1.5 trillion asset management giant Franklin Templeton says that Ethereum (ETH) staking yield is presenting big opportunities for institutions looking at the crypto markets. In a new interview on Real Vision with Raoul Pal, Pal asks senior vice president of Franklin Templeton Sandy Kaul if Ethereum staking could help spark institutional adoption. In response, Kaul says, “Let me just say, stay tuned to that space because I’ve seen some extremely… Source link

Litecoin’s hash rate marked an all-time high Breaking correlation with the rest of the market, LTC rallied amid market downturn At 613.81 TH/s, Litecoin’s [LTC] hash rate recently clinched a new all-time high, data from CoinWarz revealed. Following its last significant dip in July, Litecoin’s hash rate rallied by 64% within four months.  Read Litecoin’s [LTC] price prediction 2023-2024 Further, as of 3 December, the network’s average difficulty was at its… Source link

A leading analytics platform says that one crucial metric is flashing a bullish signal for Bitcoin (BTC) and Ethereum (ETH). IntoTheBlock says the number of daily active addresses for both Bitcoin and Ethereum dropped off after surging above $60,000 for the first time in May 2021. The analytics firm now notes that the number of active addresses for BTC and ETH are stabilizing, indicating that more people are using the top two crypto today than before the previous bull run. “For… Source link

The cryptocurrency market is currently neutral as neither buyers nor sellers are controlling the situation. ETH/USD Ethereum (ETH) is looking worse than Bitcoin (BTC), going down by 0.35% since yesterday. After the false breakout of the local support level at $1,267, the price of Ethereum (ETH) remains weak, which means that there is a high chance to see a retest. If that happens, the fall may continue to the $1,250 zone. The situation is similar on the daily chart, as Ethereum… Source link

Litecoin receives a strong long-term technical score of 85 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. Currently, LTC holds a superior long-term technical analysis score than 85% of… Source link

Bitcoin (BTC) is a dynamic monetary asset with the potential of being both — a commodity and a currency. For instance, the Securities and Exchange Commission (SEC) classified BTC as a commodity, whereas El Salvador made Bitcoin a legal tender in 2021.  So, does this make BTC a store of value or a medium of exchange? It can do both — On one hand, BTC can be added to treasuries as an inflationary hedge. On the other hand, it could also serve the retail purpose of paying for routine… Source link

Monero (XMR) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Saturday, the Digital Money has increased 1.53% to $146.5. InvestorsObserver is giving Monero a 17 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero! Low Volatility InvestorsObserver gives Monero a low volatility rank of 17, placing it in the bottom 17% of cryptos on… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt. If last week was a mixed bag of flatness for the largest coins, this week offered the first real signs of gains following the catastrophe of FTX’s spiral into bankruptcy.  Bitcoin (BTC) rose 2.7% over the past seven days and currently trades at around $17,000. Its closest rival Ethereum (ETH) grew 6.7% and trades for $1,285 at the time of writing, according to data from CoinGecko.  Both leading cryptocurrencies appear to have… Source link

Litecoin performed strongly in November. The cryptocurrency witnessed increased accumulation last month. LTC has found resistance at $80, paving the way for a breakout or correction. A strong surge in November took Litecoin (LTC/USD) to $83. That’s nearly double the price of $47 on November 9. The gains also took LTC above a crucial resistance, paving the way for… Source link