Image source: Getty Images The total crypto market cap fell below $1 trillion today. Key points Crypto prices fell dramatically today, with Bitcoin reaching an 18-month low. Ethereum and Solana both fell by around 20% in 24 hours. Higher-than-expected inflation figures and Celsius’s suspension of… Source link

Litecoin Falls 11% In Rout Investing.com – was trading at $42.700 by 19:42 (23:42 GMT) on the Investing.com Index on Monday, down 11.04% on the day. It was the largest one-day percentage loss since June 13. The move downwards pushed Litecoin’s market cap down to $3.012B, or 0.32% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $41.200 to $48.300 in the previous twenty-four hours. Over the past seven days,… Source link

Bitcoin Bitcoin tumbled below $23,000 on Monday, hitting its lowest level since December 2020, as investors dump crypto amid a broader sell-off in risk assets. Meanwhile, a crypto lending company called Celsius has paused withdrawals for its customers, sparking fears of contagion into the broader market. The world’s largest cryptocurrency bitcoin dropped below the $23,000 mark, according to CoinDesk data. At one point bitcoin fell about 17 percent to trade around $22,764. Some of those… Source link

The world’s biggest crypto exchange by volume, Binance, published blog post this morning saying they are not going to support the MimbleWimble Extensions Block (MWEB) feature for Litecoin (LTC) deposits and withdrawals. They cited worries about security as the main reason for this decision. Binance has delisted many other coins in the past due to security reasons. For example, on March 8, 2022, Binance delisted Bitcoin Diamond (BCD), Cindicator (CND), Monetha… Source link

Ethereum [ETH], the largest altcoin, has HOLDers that have placed their faith in the upcoming Merge to aid the bleeding price. At press time, ETH declined by a staggering 16% as the price dropped to the $1,238 mark. Now, given the delay in this transition, ETH could have a different journey ahead… Is there light at the end of this dark tunnel?  Ethereum network developers have decided to delay the difficulty bomb, a major step leading up to the highly anticipated Merge… Source link

From the look of things, the MimbleWimble Extension Blocks (MWEB) implemented on Litecoin’s Network have failed to provide the much-required succor for the Network’s LTC token. The MWEB upgrade was implemented to enhance the user experience by providing users the option to make confidential transactions on the Litecoin network. So what went wrong? Since the launch of the upgrade, eyebrows have been raised about facilitating anonymous transactions on the network. In the… Source link

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On Sunday night, the Celsius Network, one of the largest crypto lending platforms, abruptly announced a “pause” on withdrawals and transfers, citing “extreme market conditions.” Celsius announced its halt as markets in Asia opened on Monday morning, and the price of its CEL token — worth nearly $7 a year ago — lost a third of its remaining value, falling to just 21 cents. In the hours that followed the pause, prices of other cryptocurrencies have also tumbled…. Source link

Update 6/13/2022 05:35 PT: The valuation of Ethereum has continued to drop over the weekend. When we wrote about the 15-month lows being hit, we would never have predicted a drop to 18-month lows by Monday. At the time of writing 1ETH is worth just $1,239. This represents a near 15% drop in value over the last 24 hours. We’ve updated the original story to reflect the updated news. Updated Story Cryptocurrencies aren’t faring well as we hit the second weekend in June. Ethereum has been hit… Source link

The Ethereum price is crashing – we spoke to two crypto founders who think the premier smart contract platform has a lot further to fall… before it rises again to even loftier heights. Brothers Oscar and Barney Chambers, the founders of the Umbria Network, think the Merge – Ethereum’s migration from Proof of Work to a cheaper and faster to run Proof of Stake system – won’t happen in August and will be subject to further delays. When it does go live, they believe it will be… Source link