Cryptocurrencies were on a roll last year, rallying to record highs at the height of the crypto boom. Fast forward, the momentum has cooled off, going by deep corrections from record highs with some coins imploding to zero amid an ongoing crypto crash. Cryptocurrencies with unproven use cases or roadmaps for future growth have felt the brunt of a broader market correction. Parody Coin is a new coin that seeks to succeed where many have failed by betting big on non-fungible tokens and the… Source link

© Reuters Litecoin Climbs 11% As Investors Gain Confidence Investing.com – was trading at $49.360 by 05:18 (09:18 GMT) on the Investing.com Index on Sunday, up 10.62% on the day. It was the largest one-day percentage gain since November 9, 2021. The move upwards pushed Litecoin’s market cap up to $3.310B, or 0.40% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $44.990 to $49.360 in the previous twenty-four… Source link

Ethereum (ETH) has fallen below $1,000 for the first time in more than a year as the broader crypto market continues to slide south with no quick remedy in sight, or at least not yet. Ether (ETH) was one of the cryptocurrencies that performed particularly poorly, falling 7.32 percent over the past day to follow Bitcoin’s loss. The second largest cryptocurrency by market capitalization is presently selling at $950, down 37.4 percent in the past week. Examining the bitcoin market as a whole… Source link

Bitcoin further sank to about $17,750 for the first time since December 2020 Saturday afternoon, as the selloff in the crypto market intensifies. Bitcoin’s price is still falling steadily and is currently testing the 2017 all-time high range of $17,000 to $20,000. However, the descent shows no indication of abating, and analysts are  are not quite sure to call a bottom at this time. The following hour, Ethereum followed suit and went below $1,000. These numbers were feared as crucial… Source link

Litecoin [LTC] is one of the few altcoins that is managing to recover the losses gradually. This on all fronts is indicating a possible trend reversal. While resistance from the broader market cues is natural, the support it has from its investors will play a crucial role in helping the cryptocurrency recover quickly. Litecoin under heavy pressure The silver to Bitcoin’s gold has been failing a recovery for more than a year now, ever since it hit its all-time high of $417. On 18 June,… Source link

The host of Mad Money, Jim Cramer, has predicted that bitcoin’s price will fall to $12,000. Nonetheless, he has recommended bitcoin and ether for people wanting to invest in crypto. Jim Cramer’s Bitcoin Price Prediction Jim Cramer, the host of Mad Money, talked about the future outlook for bitcoin on CNBC Friday. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website. He was asked whether he thinks bitcoin is going to bounce from… Source link

Bitcoin [BTC], the king coin has gone below the $20,000 level, losing its much-respected price milestone. The United States Federal Reserve’s comments on the inflation outlook saw Bitcoin witnessing the brunt of a sell-off. At press time, the world’s flagship crypto was changing hands at $19,227 on CoinMarketCap. Sentiment hits dead low At press time, the Fear and Greed Index recorded an ‘extreme fear’ sentiment on their indicator which doesn’t come as a surprise. To… Source link

Just after 3 a.m. on Saturday morning, Bitcoin finally fell below $20,000. One hour later, Ethereum followed it down and fell below $1,000. Those figures were seen as much-dreaded key support levels for the top two coins by market cap. But by 5:15 a.m. EST, both began to slowly climb back, appearing to avoid the immediate precipitous slide many predicted would happen if $20,000 and $1,000 were breached. Some may have hoped $18,979 and $987 would be the lows of this crash. No such luck:… Source link

Litecoin Falls 10% In Rout Investing.com – was trading at $42.330 by 16:07 (20:07 GMT) on the Investing.com Index on Saturday, down 10.20% on the day. It was the largest one-day percentage loss since June 18. The move downwards pushed Litecoin’s market cap down to $3.053B, or 0.38% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $42.330 to $48.340 in the previous twenty-four hours. Over the past seven days,… Source link

Like clockwork, the onset of a crypto bear market has brought out the “Bitcoin is dead” crowd who gleefully proclaim the end of the largest cryptocurrency by market capitalization. If #Bitcoin can collapse by 70% from $69,000 to under $21,000, it can just as easily fall another 70% down to $6,000. Given the excessive leverage in #crypto, imagine the forced sales that would take place during a sell-off of this magnitude. $3,000 is a more likely price target. — Peter Schiff (@PeterSchiff)… Source link