Ether was recently changing hands at about $1,250, up more than 3% from Monday, same time. Other major altcoins spent much of Tuesday in the green with the SRM, CEL and FTT tokens of embattled ventures Serum, Celsius and FTX jumping by well into the double digits over the past 24 hours. FTT was, nevertheless, recently trading at $1.80, a fraction of its near $36 highs earlier this year. Source link

“A lot of the times, the very first move is not the move that sustains because that’s the position adjusting mode,” Bob Iacchino, Path Trading Partners co-founder and chief market strategist, said. “In other words, people have positions based on what they think the result is going to be, and when they get the exact result, they exit positions.” Source link

“A lot of the times, the very first move is not the move that sustains because that’s the position adjusting mode,” Bob Iacchino, Path Trading Partners co-founder and chief market strategist, said. “In other words, people have positions based on what they think the result is going to be, and when they get the exact result, they exit positions.” Source link

Bitcoin (BTC) spiked to $17,000 at the Nov. 15 Wall Street open as fresh United States economic data continued to show inflation cooling. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Good” PPI boosts risk assets Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it came closer to multi-day highs. Volatility had returned an hour before the open as the U.S. Producer Price Index (PPI) came in below expectations. Core PPI was unchanged month-on-month, with the… Source link

Today’s price of LTC (Litecoin) is back in line with what it was at the beginning of November.  Indeed, after falling below $50 on 9 November, it has now risen again to $58, after also standing at $63 last Friday.  At the beginning of November, the price was $55, which is lower than it is now. However, on Monday 7 November it had risen as high as $72.  This is thus a positive moment for the price of LTC, given that, for example, the current prices of Bitcoin and Ethereum are still… Source link

The Ethereum price has risen by 1% in the past 24 hours, with its current level of $1,269 marking a 15.8% rebound since reaching a five-month low of $1,095.18 on Thursday. This low came amid fallout from the FTX collapse, which continues to threaten the market with the possibility of contagion. The ETH price is now 72% down in the past 12 months, marking its worse year since 2018 when it plunged by over 90%. And while Ethereum has… Source link

On September 15, one of the most significant changes occurred on a layer 1 blockchain network. The Ethereum network, which thus far had operated on a Proof-of-Work (PoW) system, changed to a Proof-of-Stake (PoS) system. But for many who are only superficially involved in cryptocurrency and blockchain networks, this event probably went down as a historical footnote — some discussion was raised, but other events probably took centrestage. This was — at least to Ethereum founder Vitalik… Source link

Ethereum price attempts to break out above the declining trend line connecting the wicks of lower highs formed since November 10.  The resurgence of buying pressure could propel ETH to the $1,350 and $1,422 hurdles. A four-hour candlestick close below $1,210 will create a lower low and invalidate the bullish thesis for ETH. Ethereum price shows a slight surge in buying pressure, which has pushed it above one of the two immediate hurdles. A continuation of this momentum could lead to a… Source link

Bitcoin (BTC) investors are more likely enticed by the cryptocurrency’s rising prices, rather than their dislike of banks or its perceived use as a store of value, a new report from the Bank for International Settlements (BIS) suggests.  In a “BIS Working Papers” report published on Nov. 14, the central bank body looked into the relationship between Bitcoin prices, crypto trading, and retail adoption. It studied the drivers of crypto adoption by retail investors using crypto trading… Source link

Litecoin was created to be the silver to Bitcoin’s gold, and runs faster and cheaper than Bitcoin. However, it doesn’t have much else to offer. Litecoin is the oldest alternative to cryptocurrency still in operation today, and has a few major differences compared to Bitcoin. Dozens of alternatives to Bitcoin were invented during the early years of blockchain, but the overwhelming majority of them failed to achieve sufficient adoption and have since become dead… Source link