“We have seen broader market instability despite some positive macro developments for risk assets as a whole,” David Duong, head of institutional research, at crypto exchange Coinbase, wrote, adding: “It’s still emerging which counterparties may have lent or interacted with either FTX or Alameda (FTX’s sibling company) and what those exact liabilities are. BTC could not only retest 2022 lows but touch the $13K level. We think there is support at $13.5K.” Source link

BITCOIN AND ETHEREUM KEY POINTS: Bitcoin and Ethereum have plummeted around 75% from the 2021 highs While cryptocurrencies have crashed and recovered before, the macro environment is becoming more challenging for risky assets Restrictive monetary policy, coupled with growing distrust in the crypto industry, may prevent digital tokens from staging a strong comeback in the near term Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the… Source link

Bitcoin (BTC) lost 25.4% in 48 hours, bottoming at $15,590 on Nov. 9 as investors rushed to exit positions after the second-largest cryptocurrency exchange, FTX, halted withdrawals. More importantly, the sub-$17,000 levels were last seen almost two years prior, and the fear of contagion became evident. The move liquidated $285 million worth of leverage long (bull) positions, leading some traders to predict a potential downside of $13,800. What an exciting time to be alive! Loving the… Source link

Alex Dovbnya Citron Research has tweeted that it remains bearish on Ethereum (ETH) Citron Research has tweeted that it remains bearish on Ethereum (ETH), the second-largest cryptocurrency.  It believes that the $130 billion token has as many “common sense flaws” as failed exchange FTX.  Speaking of the ongoing cryptocurrency crisis, Citron says that it has reignited its flame for short-selling. It believes that there are many stocks that are elevated on the misconception that… Source link

Litecoin’s hash rate improves, miner fees continue to grow Market cap dominance continues to improve Even though Bitcoin miners continue to suffer from FUD, the same couldn’t be said for Litecoin [LTC] as it witnessed an improvement. According to a recent tweet made by Litecoin on 13 November, its hash rate was at 535.6 TH/s. The current Litecoin Hashrate: 535.65 TH/s — Litecoin (@litecoin) November 13, 2022 Read Litecoin’s [LTC] Price Prediction 2022-2023 Let… Source link

Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the Digital Money has dropped 3% to $56.23. InvestorsObserver is giving Litecoin a 25 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin! Moderately Volatile InvestorsObserver gives Litecoin a moderate volatility rank of 25, placing it in the bottom 25% of cryptos on… Source link

In the past, it was often said that Bitcoin (BTC) moves the entire crypto and blockchain industry. Is this still the case? The past few months have seen Bitcoin hitting high-water marks including all-time high long-term holder rates and local highs in hash rate difficulty adjustment — yet Bitcoin is still in bearish conditions as we head into Q4 of 2022. Not all areas of the blockchain industry can boast such signals of strength, such as venture capital (VC), which brought in $840,000 in… Source link

Post-Merge Ethereum price action has kept traders wondering what’s in store for ETH going forward, but a few positive developments present good long-term prospects.  Bears have been at the forefront of the market, with the price action of top cryptocurrencies like Bitcoin and Ethereum dramatically down. With volatility leading the way, ETH price, much like BTC, has witnessed significant ups and downs for most of the last week.  Despite BTC price falling to two-year lows, Ether has… Source link

Bitcoin started the week trading below $17,000, as volatility in the cryptocurrency space continued to intensify. Following last week’s collapse of FTX, account withdrawals have increased, with several customers opting to remove their tokens from exchanges. However, strong comments from Twitter CEO Elon Musk have helped boost prices. Ethereum remained below $1,300 on Monday. Bitcoin Bitcoin (BTC) started the week trading below $17,000, as market volatility remained high, following… Source link

Arman Shirinyan Second biggest cryptocurrency on market is making serious moves The sudden move of $600 million toward Coinbase has created a strong price spike on the second biggest cryptocurrency on the market. In the last 24 hours, Ether’s price reached the $1,250 threshold, which could become a foundation for a run toward $1,300. As we mentioned previously, Ethereum has shown a lot of resilience during the FTX-fueled crash on the market and barely even touched the $1,000 support… Source link