Litecoin (LTC) recently saw an impressive 80% rally after the first ten days of November 2022. According to Santiment, a crypto analytics firm, this remarkable increase results from two key factors. Reasons Behind Litecoin’s Bullish Trend Based on the tweet from the analytics firm, Litecoin’s two major driving forces are its increasing adoption and halving process ahead in 2023. Litecoin is becoming more accepted by merchants due to its low transaction costs… Source link

Photo: Michael Gonzalez (Getty Images) Tesla’s big, bold billion-and-a-half-dollar bet on bitcoin’s “long-term-potential” is starting to look more and more like a dud. The company, at the behest of CEO Elon Musk, purchased $1.5 billion worth of the cryptocurrency back in February. Now, according to new fillings with the SEC, the company says it walked away with $140 million in bitcoin losses in 2022, nearly 10% down. It seems not even the world’s most valuable car company can escape… Source link

Bitcoin price plunged to its weekly low of $22,862 earlier today, as traders awaited the US Federal Reserve’s rate hike decision. BTC has traded sideways in the 24-hours preceding the rate hike announcement. Bitcoin price held steady above the $23,000 immediately after the 25 bps hike.   Litecoin price appears unfazed by the resistance formed above Bitcoin’s trillion-dollar market cap. Market makers may be eyeing the surplus liquidity resting in the mid-$120… Source link

If you ask 10 people what Bitcoin’s original purpose is, at least one person will say it’s meant to cut out the middleman, reduce the cost of transacting and empower those who might not have access to modern financial infrastructure.  While all of those boxes might be ticked, another phenomenon of financial technology, and technology in general, is that not everyone benefits equally from the revolutionary change it brings. Of course, this happens for a variety of unique reasons, some… Source link

Vitalij Sova Exchange traded funds related to Bitcoin mining sat at the top of the ETF performance list for January, as the highest returning fund notched gains greater than 80%. The Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI), a small actively managed fund with $3.96M assets under management, was able to explode by 85.5% in the first month of 2023. At one point in January, the fund topped +100%, but since cooled off. Placing WGMI’s topside move into perspective, it outpaced the… Source link

TEL-AVIV, ISRAEL / ACCESSWIRE / February 1, 2023 / Israel’s most successful web3 businesses have come together to organize the first annual ETHTLV, which will run from February 1 to 9 in Tel Aviv. The inaugural event aims to invigorate the country’s thriving startup community, establish the community’s foothold in the global web3 scene, and discuss the steps web3 must take to onboard the next billion users. MarketAcross, Wednesday, February 1, 2023, Press release picture Attendees of the… Source link

Ethereum was marginally higher on Feb. 1, as markets prepare for the upcoming Federal Open Market Committee (FOMC) meeting results. Many are expecting that the U.S. Federal Reserve will increase rates by 25 basis points, taking current rates to 4.75%. Bitcoin was in the green on Wednesday, as prices rose above $23,000. Bitcoin Bitcoin (BTC) was back above $23,000 in today’s session, as traders turned their attention to this afternoon’s FOMC meeting. After recording a low of… Source link

A nine-year-old boy’s efforts show that Bitcoin (BTC) is for everyone and Bitcoin education is for all ages. Henry, who lives in the U.K., gave a talk on Bitcoin to his classmates in an engaging and funny presentation. Cointelegraph spoke to Henry’s mother, an author and Bitcoin advocate who goes by Decentrasuze on social media, to find out more. My son orange pilling Year 5! Teacher feedback: ‘It was very informative, engaging and he really knew his subject knowledge well.’#Bitcoin 

The world’s second-largest cryptocurrency, Ethereum, barely holds above water amid a delicate situation in the market. Investors are patiently waiting for every word of the speech by the Federal Reserve chair, Jerome Powell. Some experts believe the expected 0.25% hike in interest rates has been factored in with Ethereum price and other cryptocurrencies likely to remain unchanged. For the moment, Ethereum price teeters at $1,575… Source link

24K-Production / iStock.com Following a difficult last year, Bitcoin has been off to a great start in 2023, but whether the recent rally will translate into a longer bull run and extend to the broader crypto market is yet to be seen, according to several experts. Check Out: GOBankingRates’ Best Neobanks 2023 Learn: 3 Things You Must Do When Your Savings Reach $50,000 Wealthy Millennials Aren’t Banking on Stocks: Here’s What They’re Investing In Instead In the past 30 days, the asset is… Source link