The cryptocurrency market is currently neutral as neither buyers nor sellers are controlling the situation. ETH/USD Ethereum (ETH) is looking worse than Bitcoin (BTC), going down by 0.35% since yesterday. After the false breakout of the local support level at $1,267, the price of Ethereum (ETH) remains weak, which means that there is a high chance to see a retest. If that happens, the fall may continue to the $1,250 zone. The situation is similar on the daily chart, as Ethereum… Source link

Litecoin receives a strong long-term technical score of 85 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, LTC holds a superior long-term technical analysis score than 85% of… Source link

Bitcoin (BTC) is a dynamic monetary asset with the potential of being both — a commodity and a currency. For instance, the Securities and Exchange Commission (SEC) classified BTC as a commodity, whereas El Salvador made Bitcoin a legal tender in 2021.  So, does this make BTC a store of value or a medium of exchange? It can do both — On one hand, BTC can be added to treasuries as an inflationary hedge. On the other hand, it could also serve the retail purpose of paying for routine… Source link

Monero (XMR) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Saturday, the Digital Money has increased 1.53% to $146.5. InvestorsObserver is giving Monero a 17 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero! Low Volatility InvestorsObserver gives Monero a low volatility rank of 17, placing it in the bottom 17% of cryptos on… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt. If last week was a mixed bag of flatness for the largest coins, this week offered the first real signs of gains following the catastrophe of FTX’s spiral into bankruptcy.  Bitcoin (BTC) rose 2.7% over the past seven days and currently trades at around $17,000. Its closest rival Ethereum (ETH) grew 6.7% and trades for $1,285 at the time of writing, according to data from CoinGecko.  Both leading cryptocurrencies appear to have… Source link

Litecoin performed strongly in November. The cryptocurrency witnessed increased accumulation last month. LTC has found resistance at $80, paving the way for a breakout or correction. A strong surge in November took Litecoin (LTC/USD) to $83. That’s nearly double the price of $47 on November 9. The gains also took LTC above a crucial resistance, paving the way for… Source link

Tomiwabold Olajide Cardano networking layer might be found to be eight times more decentralized than networking layer of Ethereum According to crypto researcher Sooraj, the Cardano networking layer might be found to be eight times more decentralized than the networking layer of Ethereum. In a thread of tweets, Sooraj highlights how he arrived to this conclusion. Currently, #Cardano has a MAV of 24, and #Ethereum has a MAV of 3 This shows that the #Cardano networking layer is eight times… Source link

Bitcoin was consolidating to start the weekend, as prices once again fell below $17,000. The move comes as traders continued to digest the latest U.S. nonfarm payrolls report. Ethereum was also marginally lower in today’s session, with price dropping below a key resistance point. Bitcoin Bitcoin (BTC) was consolidating to start the weekend, following the U.S. nonfarm payrolls (NFP) report. Figures yesterday showed that 263,000 jobs were added to the American economy, better than the… Source link

The Bitcoin (BTC -0.12%) bears are out in force. With the digital currency trading around $16,900, fears of more FTX contagion, recession, inflation, and China geopolitical risk could push it down past $15,000. Understandably, even the most die-hard buy-the-dip Bitcoin investors are getting concerned right now. Right now, $16,900 represents a significant retreat from a previous support level of $20,000 that Bitcoin maintained over the summer. So far, so good. As long as you’re buying it… Source link

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject The second-largest cryptocurrency in the world, Ethereum (ETH), has had a significant rebound after experiencing intense selling pressure over the previous weekend.  According to on-chain data, the number of active Ethereum addresses on 2 December rose to its highest level in six weeks. The price of ETH… Source link