Litecoin [LTC] is up roughly 25% in the last seven days as the bullish market conditions pave the way for some upside. However, unlike most of its counterparts, LTC did not manage to sum up enough buying pressure to push out of its four-week range. Litecoin’s price of $58.68 on 20 July had already started to show signs of losing momentum after the latest rally. The last time the price retested the same price level was between 24 and 25 June after a mid-month rally. The same… Source link

Under the tool, the policymakers may commit to purchasing assets, perhaps bonds of indebted nations, to limit divergences in bond markets of the bloc’s strongest and weakest countries. Bond purchases, also known as quantitative easing, inject liquidity into the financial system. The Fed, ECB and other central banks launched QE programs following the crash of March 2020, sparking spark risk-taking across all corners of the financial market. Source link

If you were looking to place a healthy short position this week, Monero [XMR] might be a good option especially after its recent rally. The altcoin had a solid bull run from its latest local low and had already started showing signs of weakness at press time. Monero topped out at $152.80 on 20 July, before pulling back to its press time price of $146.30. Its recent top represents a 54% gain from $96.50, its lowest price in 2022 which it achieved on 18 June. XMR’s latest… Source link

Cryptocurrencies have gained immense popularity in recent years, owing to several factors with one of them being the anonymity feature. Though most of them are aimed to enhance the privacy and anonymity of transactions, whether they achieve success or not, is unpredictable. While some cryptos allow public viewing of their transactions, others do not and keep the privacy feature as their top priority. One such privacy coin is Monero, which is mainly sought-after for its privacy-oriented… Source link

Monero [XMR] seems to be one of the most prepared altcoins to make the most of this recent crypto resurgence. After a bit of relief from the market crash, the private cryptocurrency looks to be running toe to toe with the crypto king, Bitcoin [BTC]. XMR traded at $146.81 at press time but that’s not the catch here. It was close to matching BTC in terms of transactions carried out in the last 24 hours. As of this writing, there were 46,993 transactions using XMR. Besides… Source link

In brief An Ethereum Name Service (ENS) domain sold for over $150,000 worth of ETH today in an apparent joke gone wrong. The buyer, who had previously been the seller, said that he forgot to cancel his own 100 ETH “joke” bid on the NFT. Ethereum Name Service (ENS) names—effectively, domain names that point to crypto wallet addresses—are gaining value as desirable names sold as NFTs trade hands. But today, a noted NFT collector is down over $150,000 worth of ETH after a “joke”… Source link

The importance of gasoline inventory levels is one of supply and demand. Traditionally, an increase in supplies can be read as bearish for prices, and a decrease in supplies can be read as bullish. This is especially true if and when inventory changes move outside of the band of expectations. Wednesday’s expectations were for an increase of 71,000 barrels. Source link

Decided Ethereum is a good investment right now? You can buy some at some of the best exchanges like Gemini, Robinhood and WeBull. Ethereum is the second-largest cryptocurrency in the world and for good reason. It was the first general-purpose blockchain, launched in 2015. Think of a general-purpose blockchain as a decentralized computer running on hardware all over the world. It enables all the most exciting fields in Web3. It is so popular that it seems like every single crypto… Source link

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With the transition to a scalable, energy-light proof-of-stake blockchain at play for Ethereum, many have cast doubts on the popular coin’s future, given the magnitude and complexity of the Merge upgrade. But, among prominent stakeholders, one particular project remains heavily bullish on Ethereum’s future, which is none other than layer-two scaling solution Polygon. At the annual Ethereum Community Conference in Paris, Cointelegraph’s events manager, Maria A., spoke to Polygon’s vice… Source link