“With the rules of the future games of mining, staking and trading still pretty murky, and the value of crypto assets hugely sensitive to volatile conditions in financial markets, it’s clear investing in the crypto Wild West is still a very risky business,” explained Susannah Streeter, senior markets analyst at Hargreaves Lansdown, in an email. Source link

Similar to Stockholm syndrome where captives develop a psychological bond with their captors, crypto winters have a way of flipping even the most bullish cryptocurrency supporters bearish in a short period of time. Evidence of this reality was on full display on July 19 after the recovery of Bitcoin (BTC) back above $23,000 was met with widespread warnings that the move was merely a fakeout before the market heads for new lows $BTC Not bad. But keep in mind that this still can turn into a… Source link

Figment, the blockchain infrastructure company, announced today that it will support Ethereum validators in their pursuit of MEV once the network moves to proof of stake.  MEV, or “maximal extractable value,” refers to the process by which individuals who create new ETH can further profit by manipulating their control over the network and prioritizing certain users’ transactions.  Clayton Menzel, head of protocols and opportunities for the company, wrote that Figment plans to… Source link

Share to Facebook Share to Twitter Share to Linkedin Bitcoin BTC has risen above $23,000 since its June low, and traders are beginning to believe that the bear market is over. Ether ETH eum, on the other hand, has outperformed Bitcoin, rising above $1,500 since the June low. What are the fundamentals indicating? BANGKOK, THAILAND – MAY 14: A woman poses with a Bitcoin mascot during the Thailand Crypto Expo 2022 … [+] on May 14, 2022 in Bangkok, Thailand…. Source link

As Ethereum regains lost ground in the crypto bear market, so too are some of its biggest competitors. Solana, Avalanche, Algorand, Polkadot, and Cardano—sometimes referred to as “Ethereum killers” because they offer similar features to the leading smart-contract network but at significantly lower costs—are climbing.  Solana’s native cryptocurrency SOL is up 11% in the past 24 hours and has spiked 36% in the past week, per CoinMarketCap data. Avalanche has also seen massive gains,… Source link

Bitcoin has lost more than half its value in 2022. Now hovering around $23,000, the price of a single bitcoin has plunged more than 65% below last year’s all-time high of nearly $70,000. The value of all cryptos has tumbled from about $2.2 trillion at the end of 2021 to a little more than $1 trillion currently. Bitcoin, the world’s biggest crypto, makes up about 42% of the total market, but 2022 has been just as terrible for the owners of other crypto-related assets such as Coinbase. The… Source link

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Altcoin News Over the past 24 hours, the price of LTC decreased by 1.38%. The price of LTC is above 200 EMA in the 4H chart. According to CoinMarketCap, the price of Litecoin hovers around $57.06. Looking at the daily chart of LTC/USDT, LTC is forming a bullish flag pattern in the bearish market starting from November 8, 2021, at $296.8.  The support zone of SOL lies between $46 – $54. After touching the support level of $41.14, LTC tends to bounce back… Source link

It is no secret that a vast majority of investors, both from the realm of traditional as well as crypto finance, view Bitcoin (BTC) as a long-term store of value akin to “digital gold.” And, while that may be the dominant narrative surrounding the asset, it is worth noting that in recent years the flagship crypto’s use as a medium of exchange has been on the rise. To this point, recently, the central bank of El Salvador revealed that its citizens living abroad have sent over $50 million… Source link

Bitcoin (BTC) hugged $22,000 on July 19 as macro conditions slowly turned to favor risk assets.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks, crypto rise as dollar weakens Data from Cointelegraph Markets Pro and TradingView showed BTC/USD cooling volatility immediately below the crucial 200-week moving average (WMA). The Wall Street open saw further gains for United States equities in the face of a declining U.S. dollar, which extended its retracement after hitting its… Source link