The positive gains recorded in the first ten days of July have all but disappeared on July 13 as Bitcoin (BTC) and the wider market slid back toward new yearly lows. Subdued action in the market can be traced back to a variety of factors ranging today’s record-high Consumer Price Index print and a raging US dollar that recently hit its highest level since October 2002. Data from Cointelegraph Markets Pro and TradingView shows that July 13 marked the fifth consecutive day of a declining BTC… Source link

Inflation continued accelerating in June after showing an increase in May, a potentially negative sign for crypto markets that have faltered as the Federal Reserve raises interest rates in response to soaring prices. The Consumer Price Index (CPI), which tracks price movements across a broad range of goods and services, rose 9.1% in the 12 months through June, which is the largest 12-month increase in over 40 years, the Bureau of Labor Statistics (BLS) reported Wednesday. “This is one hell… Source link

Monero Classic (XMC) has been relatively more volatile when compared to other cryptocurrencies. So far Wednesday, the crypto has fallen 5.83% to $0.3997330403. InvestorsObserver is giving Monero Classic a 98 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero Classic! Highly Volatile InvestorsObserver gives Monero Classic a high volatility rank of 98, placing it in the top 2% of cryptos on… Source link

The Israel-based team behind StarkWare has taken another step towards decentralization: The launch of a native token. According to details seen by Decrypt, the token is part of a two-pronged agenda to become a “public good like Ethereum or the Internet.” The second aspect of today’s announcement revolves around the launch of the StarkNet Foundation, a non-profit organization. The StarkNet Foundation will see to it that the technology is stewarded towards its goal of wide adoption. StarkNet… Source link

Text size Crypto prices have collapsed in 2022. Dusan Zidar/Dreamstime Bitcoin and… Source link

Despite prices rallying in today’s session, bitcoin continued to trade below $20,000 on Wednesday following recent declines. Although ETH was also marginally higher, its price was once again trading under $1,100. Overall, crypto markets were nearly 1% higher as of writing. Bitcoin Bitcoin was trading slightly higher on Wednesday, however prices of the token are still under $20,000 following a recent sell-off. The world’s largest cryptocurrency rose to an intraday high of… Source link

Despite the ongoing crypto carnage, investment products have witnessed some recovery across several countries. Speaking in particular, Ethereum [ETH] assets are showing growth across major indices in the past week. These signs are indicating a growing investors’ confidence in Ethereum with the Merge on the horizon. Back on track Institutional investors are eyeing a recovery for digital asset investment products as seen in the CoinShares’ latest weekly report. The report… Source link

Last year, the word “crypto” was trending all over the internet as the crypto market was generally flourishing.  However, now it appears that the good fortunes of digital coins havee waned as cryptos have slipped into a serious bear market. Bloomberg recently reported that while the short-term investors wasted no time in dumping their holdings, even the old-timers are now exiting the scene. The most recent Bitcoin (BTC) crash saw the asset’s price go as low as $17,000, its lowest price… Source link

The Litecoin price analysis shows the cryptocurrency is in bullish mode today, as the price has started to recover today after some stronger corrections observed till yesterday. LTC was in a downtrend for the last three days and lost significant value during this time. The coin also came below the psychological mark of $50. However, the price curve turned upward as the coin rejected further downside below $46.8. LTC is currently testing $48.8 resistance, and a break above seems possible.

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