Both Litecoin (LTC) and Avalanche (AVAX) have lost over 60% of their token’s value since the start of 2022, according to data from CoinMarketCap. And an additional near $30 billion in market capitalization has been lost between the two of them.Although numbers like these are common for cryptocurrencies facing a bear market, Litecoin’s (LTC) and Avalanche’s (AVAX) downfall has left many questions unanswered. Holders of LTC and AVAX may wonder if the… Source link

Bitcoin (BTC) worth over $600 million moved for the first time since the last bear market on Oct. 18, analysis has revealed. In a Twitter thread, monitoring resource Whalemap flagged a transaction involving 32,000 BTC. Buyer could be “willing to acquire” 32,000 BTC at $19,000 In the latest sign that the current spot price is affecting the behavior of even longer-term holders, a whale entity that purchased BTC near the pit of the last bear market appears to have sold. According to Whalemap,… Source link

Bitcoin (BTC) worth over $600 million moved for the first time since the last bear market on Oct. 18, analysis has revealed. In a Twitter thread, monitoring resource Whalemap flagged a transaction involving 32,000 BTC. Buyer could be “willing to acquire” 32,000 BTC at $19,000 In the latest sign that the current spot price is affecting the behavior of even longer-term holders, a whale entity that purchased BTC near the pit of the last bear market appears to have sold. According to Whalemap,… Source link

Investment Giant Sees Post-Merge Ethereum Through ‘New Lens’ Fidelity Investments, the TradFi asset management goliath, plans to launch Ethereum trading and custody services for institutional clients beginning Oct. 28, according to a memo Fidelity sent to its customers. The move, which will be executed by Fidelity Digital Assets, a subsidiary of the firm, deepens its commitment to cryptocurrency. Abigail Johnson, Fidelity’s CEO, has been a longtime supporter of digital assets.  New… Source link

Investment Giant Sees Post-Merge Ethereum Through ‘New Lens’ Fidelity Investments, the TradFi asset management goliath, plans to launch Ethereum trading and custody services for institutional clients beginning Oct. 28, according to a memo Fidelity sent to its customers. The move, which will be executed by Fidelity Digital Assets, a subsidiary of the firm, deepens its commitment to cryptocurrency. Abigail Johnson, Fidelity’s CEO, has been a longtime supporter of digital assets.  New… Source link

Bitcoin took the internet by storm in 2021 when El Salvador – the smallest country in South America – announced it will make the cryptocurrency a legal tender. The plan was first made public during the 2021 Bitcoin Conference that was held in Miami through a video of El Salvador President Nayib Bukele that shared the nation’s plan to adopt a bill that will make Bitcoin legal tender. Bukele said the move was to make it easier for its people living abroad to… Source link

Ethereum is slowly moving lower below $1,300 against the US Dollar. ETH remains at a risk of major decline if it stays below $1,400 for a long time. Ethereum started a fresh decline after it failed to clear the $1,350 resistance. The price is now trading below $1,320 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $1,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish… Source link

At the time of writing in late October, Monero (XMR) is worth US$143.35 according to CoinMarketCap data. Monero’s market capitalisation (market cap) currently sits at US$2,651,700,339. Market cap is a cryptocurrency’s current price multiplied by its circulation supply. Monero has experienced a downward value trend in the past year. However, all cryptocurrencies across the board have experienced these lows lately. This is likely due to what is known as a ‘crypto winter’, which… Source link

In major macroeconomic data, U.S. housing starts plunged 8.1% to 1.439 million in September, falling slightly short of the consensus estimate but reflecting a sagging of the once-torrid housing market. However, September housing permits, an indicator of future construction, rose by 1.4% over August. Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. A divergence between OBV and price suggests a bullish reversal Price action remained bearish on higher timeframes Monero [XMR] has been on a higher timeframe downtrend since late April. Since then, the price has not managed to break out above its previous lower highs. Above XMR lay formidable resistance zones at $150, $180, and $208.