The “Bitcoin-is-dead” gang is back and at it again. The fall of the FTX cryptocurrency exchange has resurrected these infamous critics that are once again blaming a robbery on the money that was stolen, and not the robber. “We need regulation! Why did the government allow this to happen?” they scream.   For instance, Chetan Bhagat, a renowned author from India, wrote a detailed “crypto” obituary, comparing the cryptocurrency sector to communism that promised decentralization but ended up… Source link

Bitcoin (BTC 1.63%) has lost 75% of its value over the last year. The crypto market may have raced too high, too fast in the fall of 2021, setting pretty much every digital coin up for a sharp correction. Raging inflation and the painful government measures designed to fight that problem have also weighed on high-risk investments this year, and Bitcoin belongs in that category. And if these high-level market concerns weren’t bad enough, crypto investors recently lost some of their faith in… Source link

The Litecoin price remained in a consolidation phase on Thursday as investors focused on the ongoing FTX contagion. It was trading at $58.70, which is about 24% above the lowest level this year. LTC/USD and LTC/GBP are about 20% below the highest level this month. Litecoin hashrate slips Litecoin price moved sideways on Thursday as investors reflected on the latest contagion on FTX. For example, crypto exchange Gemini temporarily paused withdrawals on Wednesday as the number of exits… Source link

Litecoin is a decentralized peer-to-peer payment transfer protocol inspired by Bitcoin. It is one of the few cryptocurrencies that has regained its previous support level quickly after the downfall due to the FTX liquidity crisis. It suggests a positive momentum and future growth of Litecoin in the long term. However, should you invest in LTC in 2022? Read our Litecoin prediction to know! At the time of writing this post, LTC was trading around $57.70, which creates a positive sentiment… Source link

News Home Thursday, November 17, 2022 07:47 AM | InvestorsObserver Analysts InvestorsObserver gives Monero a strong long-term technical score of 89 from its… Source link

Monero is a decentralized privacy-centric protocol that keeps the senders’ and receivers’ information hidden during transactions. XMR is the native token of this network and is quite popular because of its wide use cases. At the time of writing this post, XMR was trading around $131, below the previous short-term support of $135 but above the yearly low of $95. In the last four months, the Monero token has been consolidating between $135 and $175. However, after the announcement of the… Source link

Bitcoin Analysis  Bullish BTC market participants controlled BTC’s price action for the first two days to begin the new week but on Wednesday the sellers stepped up their game and when traders settled-up at Bitcoin’s session close, BTC’s price was -$355.9.   The BTC/USD 4HR chart below by pridefulDove59918 is the first chart we’re analyzing for this Thursday. The price of BTC is trading between the 0 fibonacci level [$15,632.65] and 0.236 fib level [$16,910.28], at the time of… Source link

Bitcoin (BTC) has flooded out of exchanges in the past week as users become wary of security and regulatory scrutiny. Data from on-chain monitoring resource Coinglass shows United States exchanges in particular seeing heavy BTC balance reductions. U.S. exchanges lead BTC exodus In the wake of the FTX scandal, efforts to draw attention to the risk involved in custodial BTC storage stepped up on social media. Users appeared to heed the warning, withdrawing over $3 billion in cryptocurrency in the… Source link

Global crypto markets took a 2% hit today as contagion fears continued spreading to more platforms, including the Winklevoss Twin-owned Gemini exchange. Bitcoin fell back half a percent to US$16,550 after failing to overcome bearish resistance, raising the possibility of a retraction to US$16,450 support levels in the coming sessions.   A fresh low for bitcoin (BTC), or bullish support on the way? – Source: currency.com Ethereum cut a similar path, having been sent back to US$1,200… Source link

As the world’s first nation to adopt Bitcoin (BTC) as a legal tender in September 2021, El Salvador is going back to its BTC buying days after a pause for months amid bearish market conditions. El Salvador President Nayib Bukele announced on Nov.16 that the Central American nation will start purchasing BTC on a daily basis starting from Nov.17. The announcement comes nearly three months after the nation made its last BTC purchase in July 2022. We are buying one #Bitcoin every day starting… Source link