Bitcoin (BTC) will recover from the FTX “black swan event” just like other setbacks, trading team Stockmoney Lizards believes. In a tweet on Nov. 12, the popular commentator argued that the week’s events were actually nothing new for Bitcoin. FTX “a real black swan event” Despite falling 25% in days, BTC/USD is not doomed as a result of the insolvencies impacting FTX, Alameda Research and possibly other major crypto companies. For Stockmoney Lizards, the unravelling, while sudden, is not… Source link

Ethereum became the most deflationary in its history, as the annual supply dipped below zero for the first time since the Merge. According to Ultrasound Money, the annual inflation rate has fallen to -0.032/year, which indicates that the network is now burning more Ethereum than its minting. The negative inflation rate has decreased Ethereum’s net supply by 5,598 since Ethereum switched to proof-of-stake consensus on September 15.  Within a 7-day timeframe, Ethereum has burned 1,044k tokens… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Litecoin fell beneath $64 and could retest it as resistance The $50 area has been held as support for now, but violent moves meant traders must remain cautious A significant level of fear gripped the market. The momentary depeg of USDT from USD caused panic as users questioned whether Tether was exposed to FTX. Binance backed out of the offer… Source link

October was a terrific month for the second-largest cryptocurrency by market capitalization, as even during a challenging macroeconomic environment Ethereum ($ETH) saw its price surge by 18.4% after several positive developments for the cryptocurrency. According to CryptoCompare’s latest Asset Report, during the month of October, the price of Ethereum rose 18.4% while the flagship cryptocurrency Bitcoin ($BTC) rose 5.49. The S&P 500 index, meanwhile,… Source link

BTC is a brand-new digital currency you may use to make purchases online. That’s how to create a BTC profile and use it right away. In addition, https://bitcoin-up.live/ electronic trading platform users may buy, sell, and participate in cryptocurrencies, particularly in the electronic Yuan. 1. Visit an app shop and search for the “Bitcoin” choice. 2. Type in the recommended value in BTC and choose “Check out.” 3. An alert window will open. To begin, select “OK.” 4. A request… Source link

Monero receives an average long-term technical score of 40 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, XMR holds a superior long-term technical analysis score than 40% of… Source link

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Litecoin price is back in the green, guided by a V-shaped recovery pattern. Whales return, scooping up lower-priced LTC amid a quick rebound above $60.00. Litecoin price holds above solid support areas as hurdles weaken to pave the way for a trend reversal. A daily bullish candlestick close above the 61.8% Fibonacci will help thwart a potential retracement in LTC price. Litecoin price and the crypto market, in general, are moving on swiftly against the backdrop of… Source link

Disclaimer: The Industry Talk section features insights from crypto industry players and is not a part of the editorial content of Cryptonews.com. Bitcoin remains the world’s largest cryptocurrency, with millions of people globally now holding BTC in the hope of generating above-average returns. In many instances, the coin has also solidified itself as a transactional currency, offering another option for shoppers and… Source link

The annual supply rate of Ether (ETH) slipped below zero for the first time since Ethereum’s transition to proof-of-stake via the Merge in September. The reason? A spike in on-chain activity amid a massive cryptocurrency market crash.  Ether turns deflationary for real As of Nov. 9, more Ether tokens are being burned than created as a part of Ethereum’s fee-burning mechanism. Simply put, the more on-chain transactions, the more ETH transaction fees get burned.  On a 30-day timeframe, the… Source link