More people are using crypto’s digital silver, Litecoin, as a method of payment. Additionally, on-chain activity is also looking pretty healthy for LTC. According to a recent BitPay report, Litecoin has gained significant traction as the coin of choice for purchases. Leading electronics, video games, gold and jewelry, and other e-commerce websites have reported an uptick in Litecoin payments. Furthermore, monthly Litecoin payments have increased 109% over the past year, the report added…. Source link

Ether followed a similar pattern, rising earlier in the day before dropping to trade at $1,308, down about a percentage point from Tuesday, same time. Most other major cryptocurrencies were in the red, albeit not by much with UNI, the token of decentralized exchange Uniswap, and LINK, the token of software platform Chainlink, falling 3.2% and 3.1%, respectively. Source link

ozgurdonmaz/iStock Unreleased via Getty Images Crypto winter continues as investors close out 2022. We can only speculate whether we’ve seen the depths of the bear or if there are deeper token price discounts to come in 2023. Despite the severity of year-to-date drawdowns in most crypto-based assets, one network that has seen substantial growth over the last several months is Arbitrum. What is Arbitrum? Arbitrum is an Ethereum (ETH-USD) Layer 2 scaling chain that utilizes optimistic… Source link

On Dec. 14, Bitcoin (BTC) price hit a 1-month high and saw a brief resurgence in bullish momentum, but the Federal Reserve’s Federal Open Market Committee (FOMC) hawkish report and comments from Fed chair Jerome Powell sent BTC to an intraday low at $17,659.  Stocks and Bitcoin started the day slightly up but quickly retracted on the FOMC report. To date, Bitcoin price remains closely correlated to equities and a majority of investors have concerns about the impact of further rate… Source link

Ethereum saw an increase in its price on Tuesday along with the rest of the crypto market following the positive CPI data release. The jump in price saw Ethereum finally beat the $1,300 price point after hovering around $1,200 coming out of the weekend. However, the digital asset had met significant resistance at the $1,350 price level, which could end up being a bearish development for the cryptocurrency. Ethereum Trades Are Wary Currently, Ethereum traders are still very on edge… Source link

The price of Bitcoin nosedived today—along with U.S. stocks—on news that the Federal Reserve approved a smaller interest-rate hike than previous ones this year, but signaled plans to keep raising rates next year to combat high inflation. The Fed has this year upped interest rates 0.75 percentage points four times in order to get inflation—currently at a 40-year high in the U.S.—under control. This time the U.S. central bank upped rates by 0.50 percentage points. This announcement… Source link

Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Digital Money has declined 1.78% to $75.93. InvestorsObserver is giving Litecoin a 30 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin! Moderately Volatile InvestorsObserver gives Litecoin a moderate volatility rank of 30, placing it in the bottom 30% of… Source link

Ethereum has come under fire from bitcoin maximalist and former MicroStrategy CEO Michael Saylor who has compared the network to LUNA, which tragically collapsed in May 2022. The effects of the collapse continue to haunt the broader crypto market, playing a role in the collapse of many notable crypto firms. Now, Saylor has pointed fingers at Proof of Stake (PoS) networks like Ethereum as carrying a possibility of crashing like the infamous Terra. Will Ethereum Break Like LUNA? In a Twitter… Source link

The PayPal and MetaMask partnership will allow US users to buy and transfer Ethereum seamlessly. Ethereum price is inching closer to reclaiming its critical resistance at $1,432 with bullish support. If the buying spree slows down and the price tumble again, $1,187 would act as Ethereum price’s critical support, losing which would invalidate the bullish thesis. Ethereum is one of the most in-demand cryptocurrencies when it comes to crypto payments and purchases,… Source link

Data shows some shifts have taken place in the Ethereum ecosystem this year. Here’s how the shares of some popular transaction types have changed on the network in 2022. Both DeFi And NFTs Have Taken A Hit In Dominance On Ethereum As per the latest weekly report from Glassnode, the DeFi and NFT sectors both have similar dominance on the Ethereum blockchain now. The “dominance” here refers to the percentage of the total Ethereum gas usage that a particular transaction type is… Source link