Ether (ETH) has been stuck between $1,170 to $1,350 from Nov. 10 to Nov. 15, which represents a relatively tight 15% range. During this time, investors are continuing to digest the negative impact of the Nov. 11 Chapter 11 bankruptcy filing of FTX exchange.  Meanwhile, Ether’s total market volume was 57% higher than the previous week, at $4.04 billion per day. This data is even more relevant considering the collapse of Alameda Research, the arbitrage and market-making firm controlled by… Source link

Litecoin (LTC) gets a neutral rating from InvestorsObserver Wednesday. The crypto is down 2.24% to $57.75 while the broader crypto market is up 16.97%. Litecoin has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Litecoin! Neutral Over the last five days, Litecoin has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of… Source link

What happened Shares of several notable cryptocurrencies continued to decline today, as investors digest the fallout from the FTX debacle, which has roiled the crypto market. Over the last 24 hours, the world’s second-largest cryptocurrency, Ethereum (ETH -4.10%), traded roughly 4% lower as of 12:01 p.m. ET.  Meanwhile, the price of Solana (SOL -0.67%) traded down 3.7%, while the meme token Dogecoin (DOGE -1.97%) was down 2.7%. So what FTX, one of the world’s largest crypto exchanges,… Source link

Bitcoin (BTC) fell to intraday lows after the Nov. 16 Wall Street open as the FTX scandal appeared to claim another victim. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Genesis Trading liquidity “exceeded” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading around $16,400 at the time of writing. Downside had entered again for the pair amid news that Genesis Global Capital, the crypto lending arm of Genesis Trading, had paused withdrawals over liquidity… Source link

Ethereum moved into the red on Nov. 16, as markets became nervous, following a missile accidentally exploding in Poland. Fears grew of potential escalation in the war between Russia and Ukraine, as the missile hit Poland, which is a NATO-backed country. Poland and NATO have both downplayed the strike, and have so far not accused Russia of the act. Bitcoin also fell, ending two days of gains. Bitcoin Bitcoin (BTC) was back in the red on Wednesday, as markets reacted cautiously to… Source link

Monero (XMR) gets a neutral rating from InvestorsObserver Wednesday. The crypto is down 1.2% to $128.98 while the broader crypto market is down 1.32%. Monero has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Neutral Over the last five days, Monero has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Monero… Source link

Arman Shirinyan Thanks to burning mechanism, Ethereum is slowly turning into profitable network Prior to the Merge update and the continuous reduction of issuance, Ethereum has been the “unprofitable” blockchain, just as any cryptocurrency network on the market. However, the situation has changed. The “profitability” of a blockchain is not the same as the profitability of a company in traditional finance. Technically, the subtraction of new issuance from fee burns is what allows us to… Source link

Arman Shirinyan One of biggest Ethereum wallets on chain is not owned by conscientious investors After the alleged FTX “hack,” the programmer’s wallet reached the $280 million threshold, making it one of the biggest wallets on the blockchain. However, the lack of predictability might cause serious problems for the market. By taking an enormous volume of funds off of the exchange, the hacker acquired control of a large chunk of funds that he later exchanged for Ethereum and sent to yet… Source link

Crypto fund Pantera Capital says that the next Bitcoin (BTC) halving event will spark a bull rally beginning in early 2024. Pantera Capital CEO Dan Morehead and other executives are telling investors that the price of Bitcoin is likely to bottom throughout November and pick up steam ahead of the next halving. A Bitcoin halving event is when miners’ block rewards are cut in half and, as a result, the supply is crunched. In the past, Bitcoin’s price has rallied before and after… Source link

Top Ethereum whales were accumulating in a style that could lead the altcoin king to a price correction Based on the price-DAA divergence, ETH was far from being undervalued. Hence, the assumption could be valid The recent market turbulence ensured that crypto prices faced a downturn, from which Ethereum [ETH] was not exempted. However, investors who might have expected some respite could be dealt a blow due to the recent whale action. Here’s AMBCrypto’s Price… Source link