Higher rates tend to negatively affect company earnings because companies borrow money to run their businesses. With rates on consumer loans, such as mortgages, also on the rise, households are additionally left with lower disposable incomes, which in turn causes a ripple effect in the broader economy. Source link

Ethereum price has flipped bearish from a macro perspective after creating a second lower low at $1,700. Investors should be prepared for a worst-case scenario that puts ETH at $600. A three-day candlestick close above $3,396 will invalidate the bearish thesis.  Ethereum price is in a tough spot despite the recent crash and indicates that a further downtrend is on the cards. The case for a bullish trend will only be revived after ETH produces a higher high from a… Source link

Bitcoin failed at decisively overcoming $31,000 and has retraced by over $1,000 to a familiar ground of approximately $30,000. Most altcoins are also slightly in the red today, with Ethereum fighting to stay above $2,000. Polkadot has lost the most from the larger-cap alts. Bitcoin Stalls at $30K Last week was nothing short of a volatile rollercoaster for bitcoin, in which the asset plummeted by $15,000 at one point from $40,000 to a multi-month low of $25,300. After… Source link

The latest variant of the Sysrv botnet malware is menacing Windows and Linux systems with an expanded list of vulnerabilities to exploit, according to Microsoft. The strain, which Microsoft’s Security Intelligence team calls Sysrv-K, scans the internet for web servers that have security holes, such as path traversal, remote file disclosure, and arbitrary file download bugs, that can be exploited to infect the machines. The vulnerabilities, all of which have patches available, include flaws… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Litecoin price hovers around $72.8, eyeing a quick reversion to the mean. Investors can expect LTC to trigger a 30% ascent if it can mow through the $82.3 hurdle. A decisive daily candlestick close below $64.6 will invalidate the bullish thesis. Litecoin price shows stabilization around a weekly support level after a brutal sell-off from its all-time high in May 2021. The said barrier is likely to trigger a quick uptrend that will allow short-term traders to… Source link

Crypto venture fund giant Andreessen Horowitz (a16z) has highlighted that development and demand on Ethereum is “unmatched” despite the network’s high transaction fees. The firm does warn, however, that its “popularity is also a double-edged sword” given Ethereum prioritizes decentralization over scaling, resulting in competing blockchains stealing market share with “promises of better performance and lower fees.” The comments came via a blog post introducing a16z’s 2022… Source link

Monero (XMR) gets a neutral rating from InvestorsObserver Tuesday. The coin is up 3.86% to $172.88 while the broader crypto market is up 1.68%. Monero has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Neutral Over the last five days, Monero has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Monero over the… Source link

Ethereum’s charm in the crypto-space may be diminishing. Not just because of its underwhelming price action, but also because people don’t really want it right now. From institutional investors to retail investors, ahead of the Merge, everyone is holding back. And, it is now bearing adverse effects on Ethereum. Ethereum continues to suffer and… After the devastating crash last week, most retail investors engaged in a market-wide sell-off. Not institutional investors, however. They… Source link