Editorial Independence We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money. It’s been a bad week for the crypto market. For investors, the big question is how low will crypto prices go? After the prices of bitcoin, ethereum, and other cryptocurrencies saw big drops this week, several experts say it could get even worse… Source link

Tomiwabold Olajide Gene Simmons says he continues to hold Litecoin and 13 other cryptocurrencies The legendary Kiss singer, Gene Simmons, says he continues to hold Litecoin and 13 other cryptocurrencies despite the recent market downturn. In his words, “And, I will continue to hodl,” Simmons implies that he has not sold any of the assets. In 2021, Simmons spoke of his fondness for digital assets in an interview with the American Songwriter news website, where he referred to… Source link

El Salvador has invested heavily in bitcoin and related infrastructure in a bold plan to build its economy around the cryptocurrency, but now its value has plummeted … Source link

But ether changing to proof of stake will reduce ETH’s similarity to (and substitutability for) BTC, while simultaneously increasing its similarity to (and substitutability for) various major proof-of-stake assets such as Cardano, Solana, Tron, Avalanche, Algorand and others. Source link

Ethereum’s native token Ether (ETH) slumped on June 16, suggesting that its relief rally coinciding with the Federal Reserve announcing it will hike the benchmark rate by 0.75%, is at risk. Ether bulls trapped? Ether’s price slipped by 9.2% to around $1,120 per token a day after it rebounded by 23% after dropping to almost $1,000, its worst level since January 2021. The ETH/USD pair’s upside move, followed by a sharp correction, appeared in tandem with U.S. stocks, confirming that it traded… Source link

Cryptocurrencies have rallied following the announcement of a 75 basis point hike by the U.S. Federal Reserve. With inflation in the U.S. soaring past 8.6% in May 2022, the Fed made the the most aggressive rate hike in 28 years yesterday. Bitcoin (BTC), the largest cryptocurrency by market cap, is up 5.7% over the past 24 hours and is currently hovering around $21,400, according to data from CoinMarketCap. Ethereum (ETH), the second-largest cryptocurrency, has gained 10.9% in the last 24… Source link

One issue the crypto world has faced for a while is that it isn’t that welcoming to newcomers. While thousands of new crypto fans have been created in the last few years, these have still normally been tech-savvy investors, or those who at least have some inclination to get involved in rapidly emerging tech. While you might see news stories about Bitcoin on mainstream outlets, crypto investing still isn’t mainstream. Especially for a range of altcoins. If the true benefits of digital… Source link

The global crypto market cap has dropped by $369 billion in the past week. Ethereum [ETH], as it stands, took the biggest hit during the past week among the top 10 cryptocurrencies. But the question is- What conspired against ETH as it plunged to new lows on 15 June? Welcome to the carnage For most cryptocurrencies, the bear market has signaled a period to adopt stop-gap measures and “wait and watch”. However, some major cryptos have been hit hard during these bearish… Source link

Litecoin Climbs 10% In Rally Investing.com – was trading at $50.510 by 22:02 (02:02 GMT) on the Investing.com Index on Thursday, up 10.36% on the day. It was the largest one-day percentage gain since February 28. The move upwards pushed Litecoin’s market cap up to $3.570B, or 0.37% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $49.950 to $51.180 in the previous twenty-four hours. Over the past seven days,… Source link

OpenSea has moved to the “Seaport Protocol,” a new smart contract that the NFT marketplace says will allow its 1.8 million users to save money on Ethereum gas fees. With the Seaport contract, users will be able to save roughly 35% on gas, the company said. And new accounts will no longer require that one-time “setup fee” OpenSea previously charged. NFTs are blockchain-based tokens that show ownership over digital or physical assets. Gas fees are essentially transaction fees, and they… Source link