by IndustryTrends November 25, 2022 Litecoin soars to the moon but will it stay there or plummet down, generating more losses? We are all quite aware that Litecoin’s design is inspired by Bitcoin and it also shares numerous features with the leading cryptocurrency, such as its proof-of-work (PoW) consensus mechanism, halving events, and the hard cap. Litecoin was launched in 2011 as the ‘lite version’ of Bitcoin. It was created to become a testing ground and aid in improving… Source link

Ethereum started a decent recovery wave above $1,180 against the US Dollar. ETH could start a fresh decline if it stays below the $1,250 resistance. Ethereum struggled to gain pace for a move above the $1,230 resistance level. The price is now trading above $1,170 and the 100 hourly simple moving average. There is a short-term bullish flag forming with resistance near $1,200 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if there is no clear… Source link

Bitcoin price struggled to clear the $17,000 resistance. BTC seems to be forming a double top pattern and might dive below the $16,000 support. Bitcoin attempted an upside break above the $17,000 resistance, but failed. The price is trading above $16,300 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $16,420 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to decline if it breaks the… Source link

Bitcoin price struggled to clear the $17,000 resistance. BTC seems to be forming a double top pattern and might dive below the $16,000 support. Bitcoin attempted an upside break above the $17,000 resistance, but failed. The price is trading above $16,300 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $16,420 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to decline if it breaks the… Source link

Bitcoin traded little changed Friday morning in Asia, while Ether rose amid a mixed performance by the top 10 non-stablecoin cryptocurrencies by market capitalization. XRP was the biggest winner ahead of deadlines for filing briefs in the lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs Inc. Ripple’s payment network is powered by XRP. See related article: Who is exposed to FTX? A running compilation on a rapidly moving target Fast facts Bitcoin dipped 0.1% to… Source link

The largest cryptocurrency by market capitalization was recently trading at about $16,500, down a mere 0.11% over the past 24 hours. BTC has been holding steady around $16,000 for the past three weeks, although it took a brief dip below $15,500 on Monday amid fears about the future of crypto trading and lending firm Genesis Global Capital, which has been caught up in crypto platform FTX’s implosion. Source link

Arman Shirinyan Second biggest cryptocurrency’s volatility should return to normal thanks to these factors Contents Three sources of action Bitcoin might face some selling pressure Ethereum has been stagnating on the market in the last 12 days, most likely because of nonexistent derivatives open interest and a high level of fear among retail traders and investors. However, things may change next week, and here’s why. Three sources of action The first factor that investors should… Source link

Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Digital Money has increased 0.7% to $77.68. InvestorsObserver is giving Litecoin a 27 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 27, placing it in the bottom 27% of… Source link

Even if those rules don’t apply, there are still existing requirements on crypto companies to apply anti-money laundering procedures, the guidance said. A new EU law known as the Markets in Crypto Assets regulation (MiCA) is also due to take effect in the coming years – and will require new crypto offerings to produce a white paper, comparable to a stock prospectus. Source link

Even if those rules don’t apply, there are still existing requirements on crypto companies to apply anti-money laundering procedures, the guidance said. A new EU law known as the Markets in Crypto Assets regulation (MiCA) is also due to take effect in the coming years – and will require new crypto offerings to produce a white paper, comparable to a stock prospectus. Source link