Bitcoin whales drop to a new two-year low Bitcoin also showed resistance at the $17,000 level Bitcoin [BTC] managed to bounce back above the $17,000 price range. While the current expectation was that it might continue to rally, whale activity suggested otherwise. According to a recent Glassnode update, the number of Bitcoin whales have been on the decline. 📉 #Bitcoin $BTC Number of Whales just reached a 2-year low of 1,665 Previous 2-year low of 1,671 was observed on 22… Source link

Ethereum turned inflationary as network supply fees fail to surge Network validators remain staunch in their duty to avoid slashing events while ETH consolidated Ethereum’s [ETH] quest for profitability took another sour turn as it returned to inflationary condition after a few attempts at the opposite. According to Token Terminal, the decentralized blockchain daily earning in the last 365 days revealed a very low value. Hence, indicating that network gains were almost… Source link

Litecoin prices remained relatively unaffected during the crypto crash. Currently, Litecoin is trading at a one-year high against Bitcoin. Justin Bennett reacted to the current trading price of Litecoin. In the past few weeks, the price of one of the most popular altcoins (cryptocurrencies other than Bitcoin), Litecoin, showed a surge of 18.12% with a trading volume of $300 million (USD). Litecoin’s price remained unaffected during the FTX crash and increased more than 40%. Meanwhile,… Source link

Analysts Favor Orbeon Protocol (ORBN), Avalanche (AVAX) and Monero (XMR) Dropped By Investors by IndustryTrends December 4, 2022   Orbeon Protocol (ORBN) is the new kid on the block when it comes to tokens, so many investors are wondering if it’ll be capable of competing with other cryptocurrency giants like Avalanche (AVAX) and Monero (XMR). Despite being in stage two of its presale, Orbeon Protocol (ORBN) has already attracted investors following analyst claims that the coin will… Source link

Shares of Coinbase, Square-owner Block (SQ), top bitcoin miners Hive (HVBTF) and Riot (RIOT), crypto bank Silvergate (SI) and software firm MicroStrategy (MSTR), led by crypto evangelist Michael Saylor, have all plummeted in the past month. But is the worst almost over? After all, volatility has been a constant in this still nascent industry. Crypto is notorious for big plunges and stunningly epic comebacks. This is not the first crypto winter, as long-term fans of bitcoin can attest. There… Source link

The next section in the ECB post is titled: “Bitcoin is rarely used for legal transactions.” Unfortunately, the body of the section doesn’t prove this point specifically (a shame, really, because it isn’t true) and instead focuses on how bitcoin’s value is based solely on speculation because a) it has no cash flow (like real estate), dividends (like equities), productivity (like commodities) or social benefits (like gold) and b) VCs are propping it up with $17.9 billion of… Source link

During the last seven days, bitcoin’s price has remained above the $16K region following the aftermath of FTX’s collapse. Since then, a number of ‘sleeping bitcoins’ that sat idle for five to nine years have been moving during the last four days. Bitcoins that were worth far less back then are being transferred for the first time in years. $20M Worth of Old Bitcoins Move After Sitting Dormant for Years Bitcoin’s (BTC) price has remained steady during the last seven days,… Source link

A senior executive at the $1.5 trillion asset management giant Franklin Templeton says that Ethereum (ETH) staking yield is presenting big opportunities for institutions looking at the crypto markets. In a new interview on Real Vision with Raoul Pal, Pal asks senior vice president of Franklin Templeton Sandy Kaul if Ethereum staking could help spark institutional adoption. In response, Kaul says, “Let me just say, stay tuned to that space because I’ve seen some extremely… Source link

Litecoin’s hash rate marked an all-time high Breaking correlation with the rest of the market, LTC rallied amid market downturn At 613.81 TH/s, Litecoin’s [LTC] hash rate recently clinched a new all-time high, data from CoinWarz revealed. Following its last significant dip in July, Litecoin’s hash rate rallied by 64% within four months.  Read Litecoin’s [LTC] price prediction 2023-2024 Further, as of 3 December, the network’s average difficulty was at its… Source link

A leading analytics platform says that one crucial metric is flashing a bullish signal for Bitcoin (BTC) and Ethereum (ETH). IntoTheBlock says the number of daily active addresses for both Bitcoin and Ethereum dropped off after surging above $60,000 for the first time in May 2021. The analytics firm now notes that the number of active addresses for BTC and ETH are stabilizing, indicating that more people are using the top two crypto today than before the previous bull run. “For… Source link