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

Cryptocurrency is a notoriously volatile industry, regardless of what coin you’re trading. During periods of extreme volatility, it’s easy to become disheartened when trades don’t go your way. It’s also easy to become overconfident when you get lucky, falsely attributing it to your trading strategy — when, in reality, the price often rose or fell for reasons other than you assumed. Despite the uncertainty, there are sometimes still strategies you can use to trade certain tokens… Source link

A widely followed crypto analyst says that Bitcoin (BTC) could continue its uptrend as he keeps a close eye on Litecoin (LTC) and three Ethereum-based (ETH) altcoins. Pseudonymous trader Rekt Capital tells his 334,000 Twitter followers that he expects BTC to continue rising as long its dominance level successfully retests a key level. “A BTC Dominance monthly close above the range high resistance could set BTCDOM up for retest. Successful retest there and BTC Dominance would… 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

Monero receives an average long-term technical score of 45 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. Currently, XMR holds a superior long-term technical analysis score than 45% of… Source link

Valeria Blokhina Check out U.Today’s news digest and make sure you are up-to-date with the latest events in the industry! Here are the top four news stories over the past day presented to you by U.Today. Ripple will win now, ‘zero doubt,’ CryptoLaw founder says, but there’s a catch Yesterday, CryptoLaw founder John Deaton commented on the ongoing case of Grayscale against the SEC concerning the conversion of GBTC into a Bitcoin ETF. Deaton tweeted that, in his opinion, Grayscale’s… Source link

Improved data transparency across payments in banks, financial services, and other business sectors drives the growth of the global bitcoin mining hardware market PORTLAND, Ore. , Jan. 27, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Bitcoin Mining Hardware Market by Type (Application-Specific Integrated Circuit, Field Programmable Gate Array, Graphics Process Unit, Central Processing Unit), by Security (Two-Factor Authentication, Biometric Security, NFC… Source link

Northmantrader.com founder Sven Henrich provides insight on investing in cryptocurrency on ‘Making Money.’ Bitcoin’s precipitous plunge in price helped it become the world’s the most hated virtual currency in 2022, according to a survey by crypto education website Coin Kickoff.  The world’s largest cryptocurrency by market value was the most disliked coin in 16 countries, led by Canada, Qatar and Finland. Ethereum and solana were the world’s most loved, led by Indonesia, Russia… Source link