This is an opinion editorial by Mike Ermolaev, head of public relations and content at Kikimora Labs. Setting The Context: Global Economy Fundamentals The economy is still recovering from the COVID-19 outbreak as new problems arise. We are now in a time of rampant inflation with central banks trying to remedy that by raising interest rates. The U.S. CPI data (consumer price index), released on October 13, came in higher than expected (8.2% year-over-year), negatively impacting the bitcoin… Source link

Why is Bitcoin price up today? price is up on Nov. 4, and a market-wide rally in crypto prices suggests that Bitcoin (BTC) , (BNB) and Ether (ETH) are starting the month of November in the black. Bitcoin and the market are fighting back after the Federal Reserve’s Nov. 2 announcement of a 0.75 basis point interest rate hike which at first had a positive impact on equities and cryptocurrency markets, then led to a market downturn. BTC price. Source: Cointelegraph Crypto market… Source link

According to data shared on Blockchain.com, a cryptocurrency whale has moved crypto from a wallet that had accumulated over 74,105 Bitcoin (CRYPTO: BTC) worth over $1.58 billion. The BTCs were moved to wallets of unknown origin. In a separate transaction, the whale moved 50,562 BTC, worth nearly $1.08 billion; in another transaction, 23,542 BTC were moved, worth about $505 million. In a series of large transactions, the whale moved 4,000 BTC, 10,000 BTC, 10,000 BTC, 10,000 BTC, 9,642 BTC,… Source link

Many cryptos, including Solana (SOL) and Monero (XMR), have achieved tremendous cryptocurrency market success thanks to their innovative features. If you seek to have a profitable crypto journey with the best low-cost cryptos, Solana (SOL) and Monero (XMR), alongside the new meme token Rocketize Token (JATO), are worth buying. Rocketize Token (JATO) is gearing up for a grand entry into the cryptocurrency market, and crypto enthusiasts are optimistic that it will… 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 The native token of Ethereum, ETH is prepared to experience a big price increase in contrast to its primary rival, Bitcoin, in the days before the beginning of 2023. The majority of the bullish indications are contained in the well-known technical configuration known as the “cup-and-handle” pattern. It… Source link

Litecoin’s [LTC] mining difficulty reached a new high. The mining difficulty peaked at just below 18 million hashes, as per a Litecoin Foundation post published on CoinMarketCap on 4 November. Miners compete by generating random hashes in order to find one that is less than the target set by the network’s mining algorithm. Those who win this race are rewarded for adding a new block to the Litecoin blockchain. This rise in mining difficulty most likely indicated that the… Source link

Monero (XMR) gets a bullish rating from InvestorsObserver Saturday. The coin is up 2.5% to $158.45 while the broader crypto market is up 0.4%. Monero has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Bullish Over the last five days, Monero has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Monero over the… Source link

Aerial view during landing of the seafront Manara district near downtown Beirut. Bilwander | Getty Images When Georgio Abou Gebrael first heard about bitcoin in 2016, it sounded like a scam. But by 2019, as Lebanon plunged into a financial crisis following decades of expensive wars and bad spending decisions, a decentralized and borderless digital currency operating outside the reach of bankers and politicians sounded a lot like salvation.  Gebrael was an architect living in his hometown of… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt. Crypto markets continued to see green for the second week running.  In a typical week, market leaders Bitcoin (BTC) and Ethereum (ETH) set the pace for everyone else, but this week they took a backseat to other impressive rallies.  Bitcoin gained 3% over the last seven days and currently changes hands at $21,314. Ethereum rose nearly 2% during that time and trades for $1,640. Both could have made more headway, but the U.S…. Source link

Bitcoin, after seven weeks of repeated failed attempts, finally managed to move past the $21,000 price threshold. According to tracking from Coingecko, at the time of this writing, the maiden crypto is trading at $21,392 after going up by 5% over the last 24 hours. In doing so, Bitcoin also managed to increase its total market capitalization which now stands at $410.71 billion. This sudden surge also helped the overall valuation of the crypto market to increase… Source link