This is an opinion editorial by Conor Chepenik, a bitcoin pleb. When a nocoiner asks me about Bitcoin, it’s hard not to take a “Michael Saylor breath” and embark on a four-hour conversation about how there is no second best. My Bitcoin elevator pitch has become better over time, but it’s hard explaining why the world so desperately needs an honest monetary ledger in 30 seconds. Proof-of-work is required to have the glorious experience of going down the Bitcoin rabbit hole. In this… Source link

Several key cryptocurrencies fell dramatically Sunday evening as traditional markets dropped heading into a new trading week. Bitcoin (BTC), Ethereum (ETH), XRP, Cardano (ADA), Solana, and meme coin Dogecoin (DOGE) all saw values fall sharply within a two-hour window as the sun set on the U.S. East Coast, many logging drops of over 3% over the prior 24 hours. Bitcoin fell to $19,617 on Sunday evening, below the last dip to $17,760 seen on July 18, according to CoinGecko. The decline… Source link

On-chain data shows the Ethereum funding rates have now declined to the lowest value in 14 months, something that could pave way for a short squeeze in the market. Ethereum Funding Rates Reach Highly Negative Value As pointed out by an analyst in a CryptoQuant post, the ETH funding rates are currently at their least value since July 2021. The “funding rate” is an indicator that measures the periodic fee that traders in the Ethereum futures market are exchanging between each other right… Source link

With Bitcoin losing its $20k support level on the charts, eyebrows are finally starting to be raised. The market upturn that we saw in July has been diminished to downtrends in the Bitcoin community. The same can also be seen when looking at Bitcoin’s long-standing correlation with the equities market. Ergo, the question – What does the future hold for the cryptocurrency market’s flagship token? The holders hold on! Despite macroeconomic uncertainties, the Fed’s latest… Source link

The Meme Cryptocurrency world has seen exponential growth in the past few months. There are now over 50 different cryptocurrencies being traded around in exchanges worldwide created as part of an internet meme.  The first meme cryptocurrency was created not long ago, with over 50 unique offerings. Meme coins and ICOs are changing the way people view cryptocurrencies and the utility they provide. Still, it’s important to be cautious and informed before you jump on board. However,… Source link

Litecoin (LTC) may have slipped out of the list of the top-20 cryptocurrencies by market cap. Even so, it might be one of the most undervalued coins right now. In fact, it might turn out to be among the best coins with the most potential for a strong bounce back during the next bull market. Litecoin may not have been the best performing cryptocurrency during the relief rally in June and July. However, investors should still consider adding it to their portfolio. Why? Well, for… Source link

Bitcoin (BTC) may have hit six-week lows of under $20,000 but its network fundamentals are anything but bearish. The latest on-chain data shows that, far from capitulating, hash rate and difficulty are making snap gains. Data supports “doozy” difficulty jump Despite being down around 7% in a week, BTC/USD is not putting off miners, who have recently exited their own multi-month capitulation phase. Now, with hardware and competition returning to the network, fundamental indicators are firmly in… Source link

Cryptocurrency is the future, and just like other forms of advancement in technology, innovative ideas are important if we want to move forward. Now, we have the metaverse, GameFi, NFTs and so many others. These are all innovative ideas that are moving the crypto industry and other adjoining industries forward. Now, projects like Metamortals want to move the GameFi industry even further and provide amazing experiences for the community. Another big player in the GameFi space is Mobox (MBOX)… Source link

Litecoin price hovers above two descending channels. A closing candle below $50 could begin the start of a fatal drop toward $10. Invalidation of the bearish thesis remains a breach above. Litecoin price continues to display bearish signals. Key levels have been identified. Litecoin price likely to fall Litecoin price shows concerning price action during the final trading weekend in August. Earlier this month, a midterm thesis was issued noting the strong possibility of a grand super… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt. The crypto market was having an uneventful week amid these late-summer doldrums—until Friday, when the world’s leading cryptocurrency dropped 4% in the space of 24 hours. The price plummet was triggered by Federal Reserve Chair Jay Powell’s remarks in Jackson Hole that the Fed will keep raising interest rates as long as it takes to combat inflation. The comments sent stocks reeling as well, not just crypto. To kick off… Source link