Right now, most investors would be grateful for Bitcoin (BTC -0.23%) prices to reach $20,000. The spectacular collapse of cryptocurrency exchange FTX has pushed down the price of Bitcoin to the $16,000 level. And some traders are now suggesting that Bitcoin could touch $15,000 or lower before it ever sees $20,000 again. So it’s interesting to see that California-based crypto hedge fund Pantera Capital is putting out what seems to be — at first glance — a ridiculously high price target of… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt. This being week two of the FTX disaster story, crypto investors can expect things to get worse before they get better. However, the two market leaders, Bitcoin and Ethereum, no longer appear to be in freefall. Bitcoin (BTC), the largest cryptocurrency by market capitalization, only dropped 1% over the past week and trades at $16,655. Ethereum (ETH), the No. 2 cryptocurrency, shaved off about 4% of its value and trades for… Source link

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject Since Wednesday, there have been concerns about the price movement of Ethereum (ETH), following reports that Genesis has suspended all payouts and reimbursements. Following the FTX catastrophe from last week, it might be the final domino to fall. Read Price Prediction for Ethereum [ETH] 2023-24 A number of… Source link

When most investors think about buying Ethereum (ETH -0.82%) these days, they are most likely focusing on all the efficiencies and performance enhancements made possible by The Merge. As a result of this transition from a proof-of-work blockchain to a proof-of-stake blockchain in September, Ethereum has become much more attractive to long-term investors. But what many investors may not be focusing on is the fact that Ethereum is now a deflationary asset. The transition to proof-of-stake,… Source link

Tomiwabold Olajide Cardano unveiled its Midnight zero-knowledge data protection-based sidechain In recent tweets, Cardano founder Charles Hoskinson responded to allegations from privacy-focused blockchain Monero about the newly launched Midnight having a “backdoor.” @IOHK_Charles please explain allegation of @monero about cardano’s backdoor. — Crypto Curious (@CryptoCurious33) November 19, 2022 On Friday, to the joy of its community, Cardano unveiled its Midnight zero-knowledge data… Source link

The growth of Bitcoin and crypto exchanges over the years reflects the industry’s evolution. Exchanges have been the most critical businesses supporting the blockchain and crypto protocols. In addition, the exchanges, led by the top figures in the industry, house most of the iconic brands in the crypto ecosystem. Since the early days of Bitcoin till now, crypto exchanges have evolved and grown in many ways, gaining users’ trust. However, things have turned sour within the twinkle of an… Source link

Bitcoin (BTC) is now further than ever from its target price according to the Stock-to-Flow (S2F) model. The latest data shows that BTC/USD has deviated from planned price growth to an extent never seen before. Stock-to-Flow sets grim new record With BTC price suppression ongoing in light of the FTX scandal, an already bearish trend has only strengthened. This has implications for many core aspects of the Bitcoin network, notably miners, but some of its best-known metrics are also feeling the… Source link

As the market declined last week (and continues to do so), Litecoin was one of the few currencies to increase in value. CoinGecko reports that the price of a single Litecoin is at $63.69 at the moment. The token is up 8% in the last 24 hours, giving traders and investors some sense of relief. Litecoin (LTC) thus pulled off a surprise, edging out the other cryptos in the top 20 list. The alternative cryptocurrency that has been around for a while appears to be gaining popularity among… Source link

One of the biggest factors differentiating Bitcoin (BTC) from fiat currency and most cryptocurrencies is the hard limit of 21 million on its total circulating supply. However, the demise of numerous crypto exchanges over the last decade has permanently taken out at least 5.7% (1.2 million BTC) of the total issuable Bitcoin from circulation. The lack of clarity around a crypto exchange’s proof-of-reserves came out as the primary reason for their sudden collapses, as seen recently with FTX…. Source link

Ethereum price is close to a psychological support level at $1,200 after yielding 7% losses over the past week.  Tether coordinated with a third party to move 1 billion USDT from Solana to the Ethereum blockchain on Friday.  Analysts expect Ethereum price to recover and make a comeback above the 200-day moving average at the $1,600 level.  Ethereum whales have been scooping up the altcoin through the recent dip in its price. The second-largest cryptocurrency by… Source link