A popular trader known for staying steadily bearish throughout 2022 says the latest rallies mean nothing and another leg down is imminent. Pseudonymous trader Capo tells his 703,000 Twitter followers that his bearish outlook hasn’t been invalidated by the market’s big bounce, which has seen Bitcoin (BTC) rally 21%, Ethereum (ETH) 23% and many altcoins explode 30% or more in the past seven days. According to Capo, BTC is still unsuccessful in breaking its most critical… Source link

The below is an excerpt from a recent year-ahead report written by the Bitcoin Magazine PRO analysts. Download the entire report here. Bitcoin Magazine PRO sees incredibly strong fundamentals in the Bitcoin network and we are laser-focused on its market dynamic in the context of macroeconomic trends. Bitcoin aims to become the world reserve currency, an investment opportunity that cannot be understated. In our year-ahead report, we analyzed seven notable factors that we recommend investors pay… Source link

Token has shown bullish actions in previous sessions. LTC is trading above the resistance level on a daily time frame. The pair of  LTC/USDT is trading at the price level of $84 with a decrease of -1.51% in the past 24 hours. Litecoin (LTC) is a peer-to-peer decentralized cryptocurrency that intends to be the “future of global payments”. The bears’ long-term downtrend was reversed by bulls taking command and reversing the trend. LTC on the daily time frame Source:… Source link

One of the main properties advanced in blockchain technology is interoperability, the art of different blockchains communicating with one another. Interoperability is crucial when it comes to exchanging data and assets such as nonfungible tokens (NFTs) or cryptocurrencies while enjoying the best of two or more platforms to save on fees, for example, or transact faster. The Avalanche blockchain is an interoperable, versatile platform and cryptocurrency network that addresses scalability,… Source link

A popular crypto strategist says that the current Bitcoin (BTC) rally is mirroring a pattern that preceded the king crypto’s massive eruption in 2019. Pseudonymous analyst Smart Contracter tells his 218,100 Twitter followers that Bitcoin is likely to dominate the crypto markets in a repeat performance of its 2019 burst. “BTC finally broke its $18,400 horizontal highs. BTC dominance going on run and most conditioned to be all in alts. [Definitely] starting to feel more and more… Source link

Canada has remained a peculiar regulatory alternative to the neighboring United States in regard to cryptocurrency. While its licensing process has become more stringent than in some countries, Canada was the first to approve direct crypto exchange-traded funds. State pension funds have invested in digital assets, and crypto mining firms have moved to the country to take advantage of the cool temperatures and cheap energy prices. But the gold rush for miners in Canada may be slowing down. In… Source link

Decrypting DeFi is Decrypt’s DeFi email newsletter. (art: Grant Kempster) The second week of the new year has been a heady week for the coins, with Bitcoin, Ethereum, and Solana racking up serious gains. Zooming in closer, however, the market’s biggest winners are none other than liquid staking tokens, also called “liquid staking derivatives” (LSD). The tokens behind projects like Lido Finance (up 50.3%) and Rocket Pool (up 23.3%) have absolutely soared over the last few days. The reason?… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt. Knock on wood, but it’s two weeks into 2023, and crypto’s green shoots haven’t been clipped yet.  None of crypto’s top 20 coins posted substantial losses this week. Bitcoin (BTC) and Ethereum (ETH) flew higher on encouraging signs that U.S. inflation slowed in December. BTC pushed past $19,000 on Thursday for the first time since just before the collapse of FTX in early November, thanks to news from the Bureau of Labor… Source link

SINGAPORE, Jan. 14, 2023 /PRNewswire/ — Additional incentives from Multichain: Several Defi activities built on multiBTC offer competitive APY at leading yield platforms on Ethereum. Multichain also launched a boost bribe for LPs, offering further rewards in $MULTI. The bribe was live for two weeks till 5th January 2023, which increased the liquidity of the pools over $2 million. Second session has been launched on stakeDAO. Do not miss out this voting (Jan 12–19) and claim the juicy… 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