A popular crypto strategist and trader says Bitcoin’s (BTC) price is unlikely to fall all the way down to $10,000. In a new strategy session, analyst Jason Pizzino tells his 279,000 YouTube subscribers that Bitcoin bulls will likely defend a high time frame support level and keep it away from plunging toward $10,000. “There’s a pretty reasonable chance that we won’t see the $10,000 like I’ve talked about for quite a while on the futures market. You got a nice number here… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt. Welcome back to our weekly recap of crypto market moves over the past seven days. Just when the industry was beginning to think Crypto Winter had passed, the sudden cinematic collapse of crypto exchange FTX this week sent prices spiraling down across the board.  Bitcoin (BTC) and Ethereum (ETH) crashed in sync, both losing about 20% of their value over the past seven days, according to CoinGecko data. The world’s top… Source link

As the Ethereum Beacon Chain reached its second birthday in mid-September this year, Ethereum officially transitioned over to proof-of-stake (PoS) from the proof-of-work consensus model. According to recent data from the Beacon Chain, the number of active validators has reached 442,458, and the total amount of staked Ether (ETH) has exceeded 14 million. According to the Ethereum consensus mechanism design, validators who stake their ETH and perform signature tasks receive an income of around… 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 In the days leading up to the beginning of 2023, the native token of Ethereum, Ether (ETH), is expected to witness a significant price increase in comparison to its primary rival, Bitcoin. The “cup-and-handle” pattern, which is well-known in technical analysis, contains the majority of the bullish… Source link

Bitcoin (BTC) will recover from the FTX “black swan event” just like other setbacks, trading team Stockmoney Lizards believes. In a tweet on Nov. 12, the popular commentator argued that the week’s events were actually nothing new for Bitcoin. FTX “a real black swan event” Despite falling 25% in days, BTC/USD is not doomed as a result of the insolvencies impacting FTX, Alameda Research and possibly other major crypto companies. For Stockmoney Lizards, the unravelling, while sudden, is not… Source link

Ethereum became the most deflationary in its history, as the annual supply dipped below zero for the first time since the Merge. According to Ultrasound Money, the annual inflation rate has fallen to -0.032/year, which indicates that the network is now burning more Ethereum than its minting. The negative inflation rate has decreased Ethereum’s net supply by 5,598 since Ethereum switched to proof-of-stake consensus on September 15.  Within a 7-day timeframe, Ethereum has burned 1,044k tokens… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Litecoin fell beneath $64 and could retest it as resistance The $50 area has been held as support for now, but violent moves meant traders must remain cautious A significant level of fear gripped the market. The momentary depeg of USDT from USD caused panic as users questioned whether Tether was exposed to FTX. Binance backed out of the offer… Source link

October was a terrific month for the second-largest cryptocurrency by market capitalization, as even during a challenging macroeconomic environment Ethereum ($ETH) saw its price surge by 18.4% after several positive developments for the cryptocurrency. According to CryptoCompare’s latest Asset Report, during the month of October, the price of Ethereum rose 18.4% while the flagship cryptocurrency Bitcoin ($BTC) rose 5.49. The S&P 500 index, meanwhile,… Source link

BTC is a brand-new digital currency you may use to make purchases online. That’s how to create a BTC profile and use it right away. In addition, https://bitcoin-up.live/ electronic trading platform users may buy, sell, and participate in cryptocurrencies, particularly in the electronic Yuan. 1. Visit an app shop and search for the “Bitcoin” choice. 2. Type in the recommended value in BTC and choose “Check out.” 3. An alert window will open. To begin, select “OK.” 4. A request… Source link

Monero receives an average long-term technical score of 40 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. Currently, XMR holds a superior long-term technical analysis score than 40% of… Source link