The cryptocurrency market cap saw net inflows of $47.8 billion over the last 24 hours and currently stands at $829.3 billion, up 6.1% over the reporting period. Bitcoin’s market cap grew 5.4% to $318.7 billion from $302.5 billion, and Ethereum’s increased 8.2% to $143.4 billion from $132.6 billion. All of the top 10 cryptocurrencies posted gains over the reporting period. Litecoin re-entered the chart with a 27% increase in value, passing Shiba Inu and ousting TRON from the list…. Source link

Ethereum managed to woo holders by showcasing a growing ecosystem after its shift to Proof of Stake, but in reality, this step just hindered the 100% decentralized ecosystem of ETH and made it more controllable. With higher stakers under control, the price and even hash rate for ETH can be trampled. Outlook for Ethereum can be ascertained from the demise of Solana in recent days, which confirms the tough road ahead from this point for ETH and similar tokens intending to utilize the less… Source link

Litecoin (LTC) is moving against the current market downturn that was induced by the FTX cryptocurrency exchange crash, positing significant gains while sustaining a buying pressure. Indeed, the 13th-ranked cryptocurrency market is also gaining in the build-up to key on-chain activity.  As things stand, LTC is trading at $78.94, recording gains of over 28% within 24 hours. On the weekly chart, the asset posted a 35% increase in value.  Litecoin 7-day price chart. Source: Finbold

Bitcoin (BTC) hodlers may need to triple their on-chain losses for BTC price to put in a macro low. According to market research firm Baro Virtual, the 2022 bear market is not yet harsh enough to match historical downtrends. Bitcoin losses “only” total $671 million With analysts predicting a return to $14,000 or lower for BTC/USD, the question of where Bitcoin will bottom is one of the hottest topics in the space this month. For Baro Virtual, which analyzed data from on-chain analytics… Source link

Yuri Molchan Data revealed by Santiment shows what likely drove LTC up 29% Contents LTC regains high last seen in May, here’s what may be behind it LTC growth driven by MoneyGram Santiment data aggregator has spread the word about what was the likely driver of the 29% surge of Litecoin in the past 24 hours LTC regains high last seen in May, here’s what may be behind it According to the analytics team of the company, over the past 14 days, large wallets have been grabbing a massive… Source link

After several days of charting new lows, bitcoin finally bounced off and added over 5% of value on a daily scale. However, most altcoins have outperformed the largest crypto. Massive daily increases are evident from BNB, LTC, and others. Altcoins on the Rise The past several days didn’t go all that well for the cryptocurrency market, but the tides have changed now. Ethereum had dipped from over $1,200 to a multi-week low of under $1,100. Now, though, the second-largest… Source link

According to a 2022 survey, around 80% of people surveyed said they plan to expand their crypto holdings. Apart from their rallying prices, cryptocurrencies have been able to woo people worldwide because of their relative immunity against external factors like inflation, market volatility, and political events. If you are a rookie investor unsure how to select dependable cryptocurrencies, an ideal strategy is to start with research. You can select some leading names like BudBlockz (BLUNT)… Source link

The crypto markets have switched to bullish after undergoing a massacre in recent times. The popular crypto faced rejection in its attempt to surpass the pivotal resistance at $73. Meanwhile, the fresh sell-off, which was led by the unfamous FTX collapse, compelled the LTC price to drop below the crucial support levels. However, the latest jump propelled the price higher to reach the initial target beyond $80, slicing through the crucial levels at $75.  Litecoin price diverted from the rest… Source link

The crypto market has been battered this year, with more than $2 trillion wiped off its value since its peak in Nov. 2021. Cryptocurrencies have been under pressure after the collapse of major exchange FTX. Jonathan Raa | Nurphoto | Getty Images Bitcoin jumped higher on Wednesday bouncing off the previous day’s two-year low, even as traders remain cautious over the possible contagion from the collapse of cryptocurrency exchange FTX. The world’s largest digital currency rose more than 5% to… Source link

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