Bitcoin and the cryptocurrency industry in general are still coping with the pain brought about by the demise of the crypto trading platform FTX. Despite this, Robert Kiyosaki, author of the best-selling Rich Dad, Poor Dad, remains optimistic about the long-term viability of Bitcoin and Ethereum. Kiyosaki pointed out that the two largest cryptocurrencies by market capitalization cannot be held responsible for the conduct of former FTX CEO Sam Bankman-Fried. BTC struck a two-year low last… Source link

Rising concerns began circulating on Nov. 26 regarding Wrapped Ethereum (WETH) becoming unpegged with ETH. Some speculated that WETH wasn’t backed 1:1 by ETH, which gave rise to insolvency fears. Ethereum developers and influencers stepped in to conclude the situation, calling it FUD. Recent price corrections triggered by the collapse of FTX exacerbated fears and uncertainty within the already-rocky cryptocurrency industry. Speculation can inject further anxiety, as is the case here.  An… Source link

The global crypto market has seen an enhancement in value over the last day. The value of Bitcoin, Binance Coin, and others has continued to rise. The recent changes in the market are suggestive of improvement as it had faced a sharp decline. The collapse of major names and the instability of the global economic scenario didn’t prove good for crypto. Though the market hasn’t seen a major change yet, there is a chance of considerable improvement in the coming months.   Renowned… Source link

The FTX collapse has revived the narrative that “Bitcoin maximalists were right all along.” Given the size of the troubled exchange and the number of entities caught up in its web, the FTX scandal has dominated headlines of late. Worse still, each passing day seemingly brings further twists that point to serious failings within the company and among the regulatory bodies which were supposed to prevent such scandals from happening in the first place. In particular, questions hang over Sam… Source link

Bitcoin (BTC) has spent over a year in a downtrend since its $69,000 all-time highs in November 2021. BTC price performance has given investors up to 77% losses, but how much lower can BTC/USD really go? Bitcoin traders and analysts have long agreed that 2022 is the year of the largest cryptocurrency’s newest bear market. After coming off all-time highs to start the year at around $46,000, BTC/USD has offered little relief and has since returned to levels not seen since November 2020, data… Source link

Monero (XMR) gets a bullish rating from InvestorsObserver Saturday. The crypto is up 0.96% to $137.53 while the broader crypto market is up 0.64%. Monero has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Bullish Over the last five days, Monero has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Monero over… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt. Crypto prices were a mixed bag this week. But as of Saturday morning, only a couple of the top 20 coins by market cap are not in the green over the past seven days. That begs the question: have the brutal effects of the recent FTX disaster subsided? Bitcoin (BTC) remains virtually unchanged since seven days ago. It’s down 0.30% from a week ago, according to CoinGecko data, and currently trades at $16,592. Earlier in the week, it… Source link

Bitcoin (BTC) still risks a drop to below $7,000 in this bear market, the latest worst-case scenario prediction warns. In its latest livestream broadcasted on Nov. 24, trading platform DecenTrader revealed targets for a BTC price bottom. Analyst flags “oldschool, rock-hard support” for Bitc The most recent in a series of BTC/USD forecasts, Decentrader co-founder Filbfilb mapped out a potential sub-$10,000 dip on the cards for the pair. “In my worst case scenario, I think that would be… Source link

Ethereum (ETH 2.31%) has followed the same path as the general cryptocurrency market this year. And that’s downward. The general market fell to about $800 billion in value from more than $3 trillion a year ago. Ethereum, the world’s second-biggest cryptocurrency player, is heading for a 68% annual decline. This has been tough on Ethereum investors. But the good news is this performance isn’t a reflection of the top cryptocurrency’s potential. In market downturns, investors tend to favor the… Source link

In the recent crypto crash, a lot of great coins crashed and lost value. Bitcoin was one of the coins that were massively affected by this crash. From having a value above 20K to falling down to the bare minimum, Bitcoin’s price fall news took the market by surprise. This article discusses Bitcoin’s price prediction to predict whether BTC can pump to 20K again or not. Additionally, we also talk about excellent BTC alternatives like D2T , TARO , IMPT, & RIA , which have… Source link