As the world becomes increasingly digitized, it’s no surprise that cryptocurrencies are on the rise. While Bitcoin Cash (BCH) and Litecoin (LTC) have both seen their fair share of ups and downs, Snowfall Protocol (SNW) has emerged as a strong contender in the race to become the top digital currency. In this article, we will take a look at why (SNW) is poised to overtake BCH and LTC in the coming months. Bitcoin Cash (BCH) might soon be St. Kitts and Nevis’ legal tender Saint Kitts and… Source link

Recent data from Matrixport, a digital asset financial services platform, confirm that institutional investors have not abandoned crypto, especially Bitcoin. According to data, institutional investors now account for 85% of Bitcoin purchasing.  Matrixport’s head of research and strategy, Markus Thielen, said it shows that institutional investors are still very much interested in crypto and is also a sign that the bull market is near. Bitcoin Performance During Trading Hours… Source link

An analyst who correctly called this year’s crypto turnaround and bought Bitcoin and Ethereum in November says his bullish stance on the market will change if BTC falls below a key support level. Pseudonymous analyst DonAlt tells his 46,800 YouTube subscribers that he while Bitcoin’s rally from 2022’s low is significant, the bull case for the king crypto could be invalidated if the top crypto asset by market cap falls below the $19,000 level. “[Bitcoin is] up 50% since the… Source link

Image source: Getty Images Just when you thought it was safe to consign cryptocurrencies to the corner of your mind inhabited by video cassettes and sub-2% mortgage rates, Bitcoin has come bouncing back. The granddaddy of digital currencies had been on the floor and seemed out for the count as 2022 ended. Its price had crashed from $65,000 in November 2021 to less than $16,000 a year later. And with crypto exchanges going bust left and right and the industry (allegedly) getting its own Bernie… Source link

Bitcoin and Ethereum prices have been steady despite experiencing significant volatility in the past few weeks. Bitcoin is maintaining a narrow range between $22,350 and $23,350, while Ethereum is trading choppily within a tight range of $1,550 to $1,630.  As we enter the weekend, many investors are wondering if this could be the time for a breakout. The answer to this question lies in the analysis of Bitcoin and Ethereum prices… Source link

Despite the recent negative crypto and macroeconomic newsflow, the total cryptocurrency market capitalization broke above $1 trillion on Jan. 21. An encouraging sign is that derivatives metrics are not showing increased demand from bearish traders at the moment.  Total crypto market cap in USD, 1-day. Source: TradingView Bitcoin (BTC) price gained 8% on the week, stabilizing near the $23,100 level at 18:00 UTC on Jan. 27 as the markets weighed the potential impact of Genesis Capital’s… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

The below is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Analyzing On-Chain Bottom Indicators In this week’s dashboard release, we highlighted some key on-chain metrics we like to track. In this article, we want to walk through more of those in detail. Across bitcoin’s short history, many on-chain… Source link

Monero (XMR) Bull Run Cut Short, Will 200-Day MA Offer Support? Monero takes a delve into the red zone before scaling the heights, and reaching $181. After rebounding on the 200-day MA, XMR fluctuates between the median upper BB bands. RSI register lower lows and XMR could be in for fall. The 200-day MA could interject. Monero (XMR) has been on a roll when considering the seven day chart below. With an opening market price of $167, XMR took a short dive into the red zone before it began… Source link