Bitcoin [BTC] hit its 2022 rock bottom on 18 June when it went below $17,700. Since then, the number one cryptocurrency has gone up and down the charts. However, BTC has only surged stronger and did not reach such levels again, spending most of its days above $20,000. Now, there could be another side to the BTC price movement. According to a CryptoQuant analyst, Tomáš Hančar, BTC is close to hitting the bottom—he cited that it’s one-third almost at it. How has this… Source link

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing Source link

Exactly one month ago today, bitcoin was trading below $20,000 per unit as crypto markets continued to react to growing levels of inflation and central bank policy. However, a month later, the world’s leading crypto token has moved above $23,000, despite consumer prices rising to multi-decade highs. So with this in mind, where could bitcoin potentially be heading in the next few weeks? Current Market Status July saw bitcoin (BTC) mostly consolidate between a floor of $18,900, and a… Source link

Following the long and painful cryptocurrency market downturn in April and June that sent the king coin, Bitcoin, and the leading altcoin, Ethereum chasing terrifying lows, the bulls regained their strength in July. With its price still a far cry from its November 2021 all-time high, Bitcoin grew by over 18% within the 31-day period. Closing the month at an index price of $1680, ETH the leading alt also grew by 54%. The blockchain analytics platform, Santiment, in its latest

Monero (XMR) gets a neutral rating from InvestorsObserver Friday. The Digital Money asset is up 0.47% to $159.27 while the broader crypto market is up 2.01%. Monero has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Neutral Over the last five days, Monero has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Ethereum rose above $1,700, while bitcoin snapped a seven-day losing streak on Friday, with prices rebounding in today’s session. The move came ahead of this afternoon’s payrolls report, which is expected to show that 250,000 jobs were added to the U.S. economy in July. Bitcoin Ahead of the nonfarm payrolls report, bitcoin (BTC) was back in the green on Friday, as the token rebounded following recent declines. Following a low of $22,485.70 in Thursday’s session, BTC/USD rallied… Source link

Ethereum’s Merge date is days away and the countdown has many people wondering about the fate of layer-2 scaling solutions. You may have noticed Ethereum-associated cryptocurrencies and tokens such as MATIC are up substantially in the last few weeks. However, the move to proof of stake will solve some of the scalability issues associated with Ethereum, thus the curiosity about the future of L2s. Polygon is one of the layer-2 solutions whose future might be at stake due to… Source link

  Bitcoin price is facing resistance near USD 23,500. Ethereum could rally if it clears USD 1,680, XRP eyes a test of USD 0.40. The best performer today, FLOW, increased its gains to more than 50%. Bitcoin price climbed above the USD 23,000 level and is currently (10:44 UTC) trading near USD 23,160. BTC is up over 1% in a day and down 3% in a week. Similarly, most major altcoins are trading in a key range. ETH might clear USD 1,680… Source link