For several years, money has evolved and changed form; adapting to new technology as it goes. From the trade by barter concept to cowries and shillings, money has been conjured into one of the most important things in the world. This has influenced how value is perceived and instigated a digital movement researching if money can stretch and take form as other things other than fiat. As a result, cryptocurrency was birthed as a means to look into how non-monolithic money is and how… Source link

Bitcoin’s mining difficulty level fell 3.59% on Tuesday morning in Asia, after some U.S. mining firms unplugged due to deadly winter storms over the holiday season on top of continued cash shortages mainly caused by low Bitcoin prices and high energy costs. See related article: Bitcoin hashrate drops nearly 40% as deadly U.S. storm unplugs miners Fast facts The mining difficulty reading came in at 34.09 trillion at block height 770,112 in Tuesday’s biweekly adjustment, following a 3.27%… Source link

The Ethereum network eclipsed Bitcoin in terms of total transaction volume last year, though the king of crypto has managed to retain its crown when it comes to online search interest. According to data from Nasdaq and Ycharts shared on Reddit on Jan. 2, there were 338% more Ether (ETH) transactions in 2022 (408.5 million) Bitcoin (BTC) ones (93.1 million). ETH vs BTC transaction volumes – Nasdaq/Ycharts via Reddit The values shown in the chart are in millions of transactions, with the average… Source link

Bitcoin and Ether prices rose in Tuesday morning trading in Asia, along with all the non-stablecoin top ten cryptocurrencies. Litecoin led the gainers, while XRP, Dogecoin and Polygon also posted increases of between 2% and 3%. See related article: Hong Kong financial service providers gear up for retail crypto traders Fast facts Bitcoin rose 0.4% to US$16,686 in the 24 hours to 8 a.m. in Hong Kong, while Ethereum gained 1.2% to trade at US$1,214, according to CoinMarketCap. Litecoin rose 5.6%… Source link

Litecoin price produced an 8% rally, surging past a key resistance level. LTC shows potential to rally towards $100. Invalidation of the bullish trend is a breach below $61. Litecoin price displays convincing evidence that a countertrend rise could occur. Key levels have been defined to interpret LTC’s potential move. Litecoin price back to $100 Litecoin price has been on every trader’s radar as the “Silver to Bitcoin’s Gold” token has displayed strength in the… Source link

Over the past week, the crypto market has been relatively stagnant, with Bitcoin and Ethereum failing to make significant gains. However, some alternative coins have seen a steady recovery during this time. Despite ongoing market volatility and a decline from its highs, OKB has managed to hold strong above the $23 support level in the past week. However, the past few weeks have been promising for OKB, and the token saw an incredible increase. Source: CoinMarketcap OKB Chart Earlier last month,… Source link

Godfrey Benjamin Litecoin (LTC) started year on bullish note and is trading at $74.25 with 7.05% growth Litecoin (LTC) started the year 2023 on a very bullish note as its price is currently pegged at $74.25 after printing 7.05% growth over the past 24 hours. At its current pace, Litecoin is paring off the losses accrued in the past week as retail holders are determining to start the year on a rejuvenated note. According to the Litecoin on-chain stats, its growth is being fueled by… Source link

A worsening macroeconomic climate and the collapse of industry giants like FTX and Terra have weighed on bitcoin’s price this year. STR | Nurphoto via Getty Images 2022 was a rough year for crypto. More than $1.3 trillion was wiped off the value of the market. And bitcoin, the world’s largest digital coin, saw its price slump more than 60%. Investors were caught off guard by a wave of collapses in the industry from stablecoin project terraUSD to crypto exchange FTX, as well as a worsening… Source link

Ethereum is trading in a range below $1,250 against the US Dollar. ETH could continue to move down below if it stays below the $1,220 resistance. Ethereum is still trading in a range below the $1,200 and $1,220 resistance levels. The price is now trading below $1,200 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,195 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains at a risk of a fresh decline if it stays… Source link

InvestorsObserver gives Monero a strong long-term technical score of 90 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders. XMR at this time has a… Source link