On Sunday, November 20, the total cryptocurrency market cap is $821 billion, 1.93% lower than yesterday. The market cap of DeFi coins has decreased by 1.83%.  Bitcoin, the leading cryptocurrency, has remained mostly unchanged, up 6% from a recent low of $15,828. Since Bitcoin has been trapped below $17,000 for days, there has been no significant movement in the asset. With trading volumes being so low, this was to be expected to… Source link

Ethereum’s price is trading below $1,200 on Sunday, charting a decrease of around 3.5% in the past 24 hours. This happens as the FTX account drainer is swapping ETH for wrapped Bitcoin. Data from the popular security resource, PeckShield, revealed that the address that drained funds from FTX is swapping ether for BTC. The “FTX Account Drainer” dumped around $6 million worth of ETH (around 5K ETH) and bought 357 renBTC. Source: Twitter   This is causing pressure on… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

The largest Bitcoin (BTC) institutional investment vehicle is coming under suspicion as it trades at a record discount. The Grayscale Bitcoin Trust (GBTC) is the latest Bitcoin industry entity to feel the heat from the debacle over the defunct exchange FTX. FTX woes see Coinbase pledge trust in GBTC owner With contagion and fears over a deeper market rout everywhere in Bitcoin and altcoins at present, misgivings are impacting even the best-known — and trusted — crypto industry names. In… Source link

This is an opinion editorial by Shane Neagle, the editor-in-chief of “The Tokenist.” Macroeconomic headwinds are continuously adding to a bearish narrative across all markets, including bitcoin. As of October 2022, bitcoin is down more than 60% since the start of the year, yet bitcoin’s trading volume remains fairly consistent since July 2022. Does that mean the majority of holders are giving up on the prospect of bitcoin and opting to sell? This is a complex topic to dive into, but… Source link

Economist and gold bug Peter Schiff says bitcoin still has a long way to fall after the collapse of crypto exchange FTX. He also believes that $10K is the real price of bitcoin, warning that “The lion’s share of the selling has not even started yet.” Schiff Predicts ‘Bitcoin Still Has a Long Way to Fall’ Gold bug and economist Peter Schiff has warned in a series of tweets about the price of bitcoin falling a long way from its current level. He began by referencing the… Source link

Since FTX’s collapse, there has been an increase in ETH accumulation As most HODLers fail to see profit, short traders appear to be accumulating As the price of leading altcoin Ethereum [ETH] lingered above the $1,200 psychological support level, data from Santiment revealed that sharks and whales have ramped up their ETH holdings in the last 13 days. 🦈🐳 #Ethereum is limboing just above the $1,200 psychological support level, and is down a modest -3.3% in the past… Source link

Litecoin (LTC) has been relatively less volatile compared to the crypto market. So far Saturday, the Digital Money has gained 0.91% to $63.23. InvestorsObserver is giving Litecoin a 24 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin! Low Volatility InvestorsObserver gives Litecoin a low volatility rank of 24, placing it in the bottom 24% of cryptos on the market. The Volatility Gauge… Source link

In this article, we will be taking a look at the 15 major companies that accept Bitcoin as payment. To skip our detailed analysis, you can go directly to see the 5 Major Companies that Accept Bitcoin as Payment. The world of cryptocurrency is a strange one, and despite having been in existence for well over a decade, anyone dealing in cryptocurrency is still seen as shady, though recent evens, which we’ll talk more about, may provide some reason behind this belief. Bitcoin was the first… Source link