Investors in stocks as well as crypto are making very clear over the past month that we are in a risk-off environment. Bitcoin, Ethereum, and the other leading cryptocurrencies all fell further over the weekend, erasing mild gains made during the week prior. The global crypto market cap is down to $1.03 trillion, a 7.5% drop in just 24 hours, according to CoinMarketCap. Bitcoin is down 18% in the past seven days and has fallen below $26,000 to $25,513, its lowest point of 2022 and a 12-month… Source link

Ethereum network developers have decided to delay the difficulty bomb, a major step leading up to the highly anticipated Merge upgrade for the layer-1 blockchain. They set the delay to two months in order to “be sure that we sanity check all the numbers before selecting an exact delay and deployment time,” according to core developer Tim Beiko in a Sunday tweet. In short, we agreed to the bomb delay. We were already over time, and want to be sure that we sanity check all the numbers before… Source link

“Altcoins have historically underperformed BTC during bearish phases, and currently they have the added pressure of potential regulatory roadblocks given the nature of their issuance, especially via token sales and such,” Joe DiPasquale, the CEO of crypto fund manager BitBull, wrote to CoinDesk. “Only a small number of Altcoins can realistically survive such market movements and even fewer are likely to see previous all time highs in terms of price.” Source link

© Reuters Litecoin Falls 10% In Bearish Trade Investing.com – was trading at $47.600 by 19:41 (23:41 GMT) on the Investing.com Index on Sunday, down 10.36% on the day. It was the largest one-day percentage loss since May 11. The move downwards pushed Litecoin’s market cap down to $3.457B, 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 $47.600 to $52.600 in the previous twenty-four hours. Over the… Source link

The CEO of Devere Group, a financial advisory and asset management firm, has predicted a bull run and a significant bounce in the price of bitcoin during the fourth quarter of this year. Devere’s CEO Predicts a Bull Run in Q4 for Bitcoin Financial advisory and asset management firm Devere Group has predicted that the price of bitcoin will bounce significantly in the fourth quarter of this year. Nigel Green, Devere’s founder and CEO, said early last week: I believe that we’ll… Source link

Ethereum core developers met on Friday and decided to delay the handling of the “difficulty bomb”, a crucial catalyst in Ethereum’s long-anticipated “Merge,” which will migrate the network from a proof-of-work consensus to proof-of-stake.  The difficulty bomb was planted in Ethereum’s code in 2015 as a measure to force validators to accept the merge. An implementation of the merge dubbed went live on the Ropsten testnet earlier this past week. Following the testnet merge and… Source link

As the price of Bitcoin [BTC] begins to touch its January 2021 lows, the majority of the market is motivated by fear. Players in the market have now commenced massive distribution of the coin to salvage their investments. However, many who believe in the intrinsic value of Bitcoin, still hold the token in anticipation of a bullish run. One of those bullish on the eventual success of the largest cryptocurrency is Jan Van Eck, the CEO of a global investment manager, VanEck. The… Source link

(Kitco News) The crypto space saw another sudden crash over the weekend as Bitcoin and Ethereum posted significant losses, eroding future price outlooks. Bitcoin was below $28,000 on Sunday, down 6% during the last week. And Ethereum witnessed even bigger losses, touching a low of $1,433 — the lowest level in about a year and a half — and now trading down 15.6% on the week. The key macro driver hurting the crypto space, which has largely been trading like a risk-on… Source link

The global crypto market has seen consistent changes in value as the global economy has continued to see problems. The value of Bitcoin has stayed in an uncertain situation and has affected the remaining market as well. Most of the altcoins have shed value, some even halving it. The situation has seen little improvement as the US economy has continued to affect other markets across the globe, crypto being no exception.   The instability in the US markets has continued to affect crypto…. Source link

An altcoin can be described as any cryptocurrency token which presents an alternative to Bitcoin- the first and still most predominant cryptocurrency, which many see as synonymous with cryptocurrency itself. Litecoin (LTC), RoboApe (RBA), and UNUS SED LEO (LEO) are all examples of altcoins, all with unique properties that allow them to stand out from Bitcoin by providing features and opportunities not seen with the crypto giant. Learn more about each of them below. Litecoin (LTC) Lights the… Source link