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Bitcoin’s (BTC) price has been stuck in a descending channel since July 20 and it is currently heading toward the $20,000 support by the end of July. Adding to this bearish price action, BTC is down 50% year-to-date, while U.S. listed tech stocks, as measured by the Nasdaq-100 index, accumulated a 24% loss. Bitcoin USD price index, 4-hour. Source: TradingView As the U.S. Federal Reserve tightens its economic policies by raising interest rates and scaling back debt asset purchases, risk assets… Source link

Litecoin (LTC) gets a very bullish rating from InvestorsObserver Thursday. The crypto is up 11.48% to $60.27 while the broader crypto market is up 7.47%. Litecoin has a Very Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Litecoin! Very Bullish Over the last five days, Litecoin has earned a Very Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the… Source link

Transactions in the crypto market have swollen up over the past 24 hours. The cumulative trading volume surpassed $93 billion, making it the highest this week. Per data from CMC, Bitcoin was one of the most significant contributors, for it fostered a total of $35.2 billion in volume over the past day. The rising price, on its part, has enabled Bitcoin to climb 9% higher on its price charts to $23k. FUN FACT: The total #cryptocurrency market volume in the last 24 hours was… Source link

Open interest, or the number of options contracts traded but not squared off with an offsetting position, stood at a new lifetime peak of nearly 4 million, according to data from major exchanges, including Deribit, tracked by Swiss-based derivatives analytics firm Laevitas. The previous peak of around 3.5 million was registered in the second quarter. Source link

Text size Crypto prices jumped alongside etch stocks after the Federal Reserve announced it would raise interest rates by 75 basis points. Dreamstime … Source link

Riding on the back of the FOMC meeting rate hike announcement, and the Fed Chair’s assertions that the US is “not” in a recession and the economy is on track to grow this year, markets across the board rallied. Well, a 75 BPS hike is technically not a healthy sign. However, analysts and market participants were expecting the same. So, the Fed merely delivering didn’t cause chaos in the markets. Besides, given that similar back-to-back hikes have been green-flagged over the past few… Source link

The cryptocurrency world is full of surprises and mysteries. This article is all about what is Monero XMR Crypto and whether Edward Snowden behind the project? Let’s take a look at it in more detail. What is Monero (XMR) Crypto? Monero is a cryptocurrency that has a high degree of anonymity. It is a decentralized cryptocurrency that operates a public distributed ledger infused with privacy-concentrated technologies to achieve anonymity. It is also an open-source technique that… Source link

Litecoin [LTC] bulls have shown signs of weakness near the $60 price range where it has been facing resistance during its recovery phase. However, the cryptocurrency has managed to avoid a sizable retracement by maintaining its momentum above its 50-day moving average. Litecoin has managed to stay above the 50-day moving average for almost 10 days. At press time, the token stood at $59.85 up by 1.39% from the day’s opening price. The Relative Strength Index (RSI) too moved towards the… Source link

Crypto prices have been fluctuating in both directions since the beginning of the week. No decisive trend has been able to strongly establish itself. Nonetheless, the cumulative valuation of all coins has been revolving below $1 trillion of late, shedding light on macro-weakness. Amidst the ongoing ebb and flow, funds have been shuffling within the ecosystem itself. Most flows into Bitcoin have come via the Tether route over the past 24 hours. On the contrary, injections via the fiat route… Source link