Cryptocurrencies extended losses into the weekend after Jerome Powell warned against prematurely loosening policy, with Bitcoin dipping below the bottom end of the narrow range that it has traded in the past two weeks. “Powell’s admission that there will be pain before there is relief is rather hawkish,” said Josh Olszewicz, head of research at digital asset fund manager Valkyrie Investments. Source link

Bitcoin (BTC) failed to keep $20,000 support on Aug. 27 as fears over a sell-off by users of defunct exchange Mt. Gox added to price pressures. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Mt. Gox rumors dismissed as “typical crypto” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it headed to new six-week lows, reaching $19,766 on Bitstamp. Thin weekend liquidity appeared to exacerbate already jittery markets, which reacted badly to unconfirmed rumors that… Source link

LTC ownership is concentrated but founder Charlie Lee is no longer in the club. – Photo: Shuttestock, Dusan Zidar Litecoin (LTC) was one of the early cryptocurrencies, going live in 2011 with a blockchain based on Bitcoin (BTC), but boasting faster transaction processing times.  The coin was previously among the top 10 cryptocurrencies, but as more and more new cryptos have emerged with the arrival of decentralised applications (dApps) running on smart contract blockchain platforms… Source link

News Home Saturday, August 27, 2022 06:46 AM | InvestorsObserver Analysts InvestorsObserver gives Monero an average long-term technical score of 54 from its… Source link

Bitcoin (BTC) analysts were keen to draw fresh price targets on Aug. 27 after the largest cryptocurrency briefly fell below $20,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Sub-$20,000 BTC price targets stay in place Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $19,945 on Bitstamp the night after hawkish comments from the United States Federal Reserve.  Intraday losses for the pair neared 9% and United States equities cratered over the outlook… Source link

Recently, the price of cryptocurrencies has declined tremendously. Bitcoin recently declined to $20,000. Ethereum’s price slammed below $1490. Almost all the altcoins exhibited unsatisfactory performance. What could the future of cryptos look like? In this article, we discuss the future of one altcoin named Litecoin. This post is all about LTC price prediction can Litecoin reach the 100$ mark? Let’s take a look. What is Litecoin (LTC)? Litecoin is one of the most aged altcoins… Source link

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The Ethereum merge is poised to be one of the momentous events in cryptocurrency history. Why? The Ethereum blockchain, the protocol that underpins many non-fungible tokens (NFTs), is in hot water for being an energy-guzzling network — and the founders are determined to do something about that. As such, later this year, Ethereum is ditching its former energy-intensive system and adopting a more environmentally friendly method. This is a huge win for atmosphere’s health, and green-focused… Source link

Ads by Money. We may be compensated if you click this ad.Ad Enter Your ZIP Code and Start Consolidating Your Debt The crypto industry is getting excited for a big event known as “the Merge” — which proponents say could boost prices in the long run and significantly change the future of cryptocurrency. The Merge is an upgrade to the Ethereum blockchain, the technology that fuels the second largest cryptocurrency and other… Source link

Bitcoin (BTC) bulls should not get excited about the recovery from the June lows of $17,500 just yet as BTC heads into its riskiest month in the coming days. The psychology behind the “September effect” Historic data shows September being Bitcoin’s most worst month between 2013 and 2021, except in 2015 and 2016. At the same time, the average Bitcoin price decline in the month is a modest -6%. Bitcoin monthly returns. Source: CoinGlass Interestingly, Bitcoin’s poor track record across the… Source link