Litecoin hits transaction and hash rate milestones, but investors are still sitting on the sidelines. LTC was stuck in limbo as demand slowed down amid weak sell pressure. Litecoin [LTC] concluded an interesting week during which it managed two major milestones. On 27 January, the network announced that it had facilitated slightly over 142 million transactions. The Litecoin network just processed its 142 millionth transaction!⚡ pic.twitter.com/wyZQe4w08L — Litecoin… Source link

The pre-programmed Litecoin halving event is one of the most significant events in the 2023 altcoin calendar and will halve the volume of LTC awarded to miners. But what does it mean for investors? And what impact will the Litecoin halving have on the wider cryptocurrency landscape? Litecoin shares a similar halving mechanism to Bitcoin, which also undergoes a halving event every four years. Like Bitcoin, these events typically cause a series of price movements surrounding the… Source link

The blockchain network Litecoin’s computational power reached an all-time high (ATH) on Wednesday, Jan. 25, 2023, at block height 2,411,048, reaching 798.43 terahash per second (TH/s). In addition, Litecoin’s difficulty also reached an all-time high this week, hitting 23,505,031 the following day. Litecoin’s Computational Power Climbs 38% in 30 Days A significant amount of hashrate has been dedicated to the Litecoin (LTC) network over the last 30 days as the blockchain’s… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt. Bitcoin and Ethereum dipped on Friday, dashing hopes for the crypto market’s fourth consecutive week of marketwide gains. But the coins are still off to a much better year in 2023 than they had in 2022. As of Saturday morning, according to CoinGecko price data, Bitcoin (BTC) is flat over the past seven days and currently trades for $22,924. Researchers this week said that the end of the first day of Chinese New Year is an

Commentators believe that Bitcoin (BTC) bulls do not need to wait long for the United States to start printing money again. The latest analysis of U.S. macroeconomic data has led one market strategist to predict quantitative tightening (QT) ending to avoid a “catastrophic debt crisis.” Analyst: Fed will have “no choice” with rate cuts The U.S. Federal Reserve continues to remove liquidity from the financial system to fight inflation, reversing years of COVID-19-era money printing. While… Source link

Bitcoin started the weekend hovering near $23,000, as markets continued to react to personal consumption data in the United States. Figures released on Friday reported that spending fell by 0.2% last month, despite overall consumer sentiment moving higher. Ethereum remained close to $1,600 to start the day. Bitcoin Bitcoin (BTC) remained close to the $23,000 level on Saturday, as markets continued to react to Friday’s U.S. personal consumption data. Following a high of $23,417.72… Source link

Try to avoid it all you like, but ‘cryptocurrency’, ‘Bitcoin‘ and ‘NFTs‘ will always find you, be it through social media bots, news headlines or quiz show questions. With so many new terms popping up over the last decade, the world of digital currencies can not only feel intangible, but also dangerous. Bitcoin’s value plummeted by more than 50 per cent last year, and who could forget the man that lost £107 million worth when he accidentally threw out his hard drive. MailOnline tackles the… Source link

Pseudonymous Coin Bureau host Guy is expressing bullish sentiment toward the leading smart contract platform Ethereum (ETH). Guy tells his 2.21 million YouTube subscribers that Ethereum is likely to see a higher price this year after rallying by over 55% from its 2022 low. According to the popular crypto analyst, ETH’s deflationary nature, brought about by its switch to a proof-of-stake consensus mechanism last year, could potentially trigger a new record high for the… Source link

Bitcoin (BTC) remains firmly “bullish” at $23,000, according to new on-chain metrics from one of the industry’s best-known names. In a preview on Jan. 28, market cyclist and on-chain analyst Cole Garner revealed what he said were “backtested and validated” Bitcoin trading tools. Garner: BTC price signals should excite bulls While BTC/USD attempts to push through liquidity above $23,000, the debate rages as to whether a significant BTC price correction is due. For Garner, who offered a… Source link

Bitcoin (BTC) remains firmly “bullish” at $23,000, according to new on-chain metrics from one of the industry’s best-known names. In a preview on Jan. 28, market cyclist and on-chain analyst Cole Garner revealed what he said were “backtested and validated” Bitcoin trading tools. Garner: BTC price signals should excite bulls While BTC/USD attempts to push through liquidity above $23,000, the debate rages as to whether a significant BTC price correction is due. For Garner, who offered a… Source link