Fantom (FTM) has just launched a new on-chain ecosystem fund designed to provide capital for supporters looking to build on the Ethereum (ETH) rival’s blockchain. The layer-1 blockchain project is now operating the “Ecosystem Vault,” a new fund “aimed at empowering builders on Fantom by offering a decentralized avenue for funding projects, ideas and creations through a community-driven decision process.” FTM is trading for $0.352 at time of writing. The 54th-ranked… Source link

Equities, precious metals, and cryptocurrencies have been on a tear during the last three weeks of 2023, and all eyes are now focused on the next Federal Open Market Committee (FOMC) meeting, which is 11 days away. On Friday, Federal Reserve governor Christopher Waller said that he favors a quarter-point benchmark rate increase at the next FOMC meeting. Analysts believe that current market trajectories will be dependent on the outcome of the next Fed meeting. Markets Still on Edge… Source link

The crypto market is on the verge of igniting a sustainable bull run. Bitcoin and Ethereum are on the verge of breaking through to new yearly highs, which could spark a more widespread crypto market rally in the coming weeks. Bitcoin has continued its strong winning streak and spiked over 8.5% to $23,162. The second largest cryptocurrency, Ethereum (ETH), is also experiencing a significant rise as it has increased by roughly 5% to… Source link

Bitcoin (BTC) is in for a new “big rally” as market strength copies conditions from after the 2018 bear market. According to the latest analysis, BTC/USD will continue to head higher “after some consolidation” thanks to key signals from its relative strength index (RSI). Bitcoin prints never-before-seen bullish divergence With the BTC price gains still coming, Bitcoin bulls are feeling increasingly confident despite widespread mistrust of the longevity of the current rally. For popular… Source link

Litecoin may be headed for a cliff as price to RSI divergence manifests. LTC metrics still highlight strong demand, but some whales are taking profits. Litecoin [LTC] was taking advantage of its press time bull run to build a favorable image. Some might say that it was trying to steal some of Bitcoin’s [BTC] shine. In a tweet on 21 January, LTC listed five traits that made it appealing and set it apart from its contemporaries. 5 Things You Didn’t Know About Litecoin⚡1)… Source link

Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) Over the past week, Ethereum is burning hotter than ever. As part of EIP (Ethereum Improvement Proposal) 1559, launched all the way back in August 2021, the protocol has been burning ETH (crypto lingo for destroying) at a massive rate. As per EIP-1559, a portion of all Ethereum transactions are destroyed: a piece of every NFT trade, yield strategy, and even simple token transfers. It’s all getting torched. Since… Source link

Seasoned trader and analyst Tone Vays says that a Bitcoin (BTC) pullback below the key psychological area of $20,000 is now unlikely to transpire. Vays tells his 123,000 YouTube subscribers that the chances of Bitcoin falling below $20,000 has been drastically reduced after BTC rallied above $22,000 today. “If [Bitcoin] goes back above yesterday’s swing high [$21,650], I think going sub $20,000 now becomes very, very, very unlikely.” Looking at the weekly chart of Bitcoin,… Source link

The crypto market is back up again, and many cryptocurrencies are regaining their value gradually. However, it is normal to see weak cryptocurrencies drop in value while others are bullish. Recently, popular cryptocurrencies, Monero and Dash, have declined. Meanwhile, the Snowfall Protocol put joy in investors’ hearts with its steady rise in demand over the past few weeks. In fact, Dash investors are dumping hard for the Snowfall Protocol as experts are confident that it will rise by… Source link

(Removes extraneous word in para 3) Jan 21 (Reuters) – Bitcoin rose 2.3% to $23,199 at 10:07 GMT on Saturday, adding $521 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 40.6% from the year’s low of $16,496 on January 1. Ether, the coin linked to the ethereum blockchain network, rose 0.58% to $1,668.1 on Saturday, adding $9.7 to its previous close. (Reporting by Jose Joseph in Bengaluru, Editing by William Maclean) Source link

Bitcoin (BTC) took a swing at $23,000 into Jan. 21 as Asia buyers drove fresh market strength. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bid liquidity causes suspicion Data from Cointelegraph Markets Pro and TradingView showed BTC/USD battling bears to reach $22,790 on Bitstamp overnight — its highest since August. With new multi-month peaks coming in quick succession despite fears of a major correction, Bitcoin continued to surprise as traders cleared the way for more… Source link