On June 25, Litecoin prices hit the $60 resistance level and failed to break to the upside. Another trial followed this in the early hours of June 26, when prices also failed to break to the upside. As the session progressed, a new bearish trend emerged, which saw the session close with a price loss of 3.8 per cent. Since then, Litecoin prices have continued to plummet, dropping by 13 per cent in the past three trading sessions. Today, the prices are down by a percentage point, continuing… Source link

Bitcoin fell below $20,000 during Wednesday’s session, as markets reacted to yesterday’s weaker-than-expected consumer confidence report. The expectation for economic growth also fell to a nine-year low. This resulted in ETH also dropping, with prices hitting a six-day low. Bitcoin The world’s largest cryptocurrency fell below $20,000 on hump day, as traders reacted to Tuesday’s consumer confidence report. Figures from the Conference Board showed that its index went from 103.2… Source link

Ethereum price sees long holders stuck in a bull trap. ETH price faces headwinds coming from  tailwinds that flaring up again at the US closing bell. Expect to see losses mounting up again with a possible retest of this year’s low. Ethereum (ETH) price is revealing a not-that bright picture for bulls this week, both from a technical perspective and because of ballooning tail risks. As bulls could not manage a close above a crucial technical hurdle, price action… Source link

Last week, Lido put forward a governance proposal to limit the amount of Ethereum that users can stake after facing criticism from the crypto community. “Who will be the first staking provider to publicly commit to limiting themselves to not operating more than 22% of validators on the chain?” tweeted Ethereum’s Beacon Chain community manager Superphiz. “Who do you want to see step up to the plate and prioritize beacon chain health above profits?” Lido is a liquid staking service, that lets… Source link

Miners spend an average of $15,000 to produce each coin, JPMorgan estimates. Dreamstime … Source link

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Monero is a privacy-based, open-source cryptocurrency that allows confidential blockchain transactions or makes them optional. There are many cryptocurrencies that allow public viewing of these transactions. For users who want anonymity in blockchain asset transactions, Monero is the best choice for them. Monero was launched in 2014. In the last few years, it has gained popularity, but now it is facing issues due to government regulations related to anonymous blockchain transactions. The… Source link

John Palmer John Paul is an enthusiastic crypto writer with an interest in Bitcoin, Blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience. Source link

Ethereum [ETH] founder Vitalik Buterin, gave props to the EOS blockchain in response to a question posed by an Ethereum employee. Interestingly, Buterin’s response suggests that he believes EOS is a better blockchain than Ethereum. EOS is Ethereum On Steroids. The name reflects the fact that the core team learned from Ethereum’s amateurish naivety and idealism, and built out a team of professional top-talent software developers that created a smart contract platform with… 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