The cryptocurrency’s market tumble over the weekend echoed the broader stock market’s decline last week as investors moved away from riskier assets. Dreamstime … Source link

The crypto economy has dropped considerably in value during the last five weeks, slipping 23.28% from $2.19 trillion to today’s $1.68 trillion. Furthermore, both bitcoin and ethereum are awfully close to sinking 50% below the all-time highs recorded six months ago. Bitcoin Sinks Lower Against the US Dollar, 39% Down in 30 Days Digital currency markets have been in the red during the last few weeks, as a great number of crypto assets have seen significant percentage losses. During… Source link

Following years of development and an initial announcement made in February this year, Litecoin, on 3 May announced that its major update MimbleWimble (MWEB) has been locked in for activation. Lead developer, David Burkett confirmed that the process of update will be completed over the course of 2 weeks. The MimbleWimble upgrade is expected to enhance the user experience by providing users the option to make confidential transactions on the Litecoin Network. After recording a total… Source link

An apartment in Portugal has changed hands, with the buyer paying directly in cryptocurrency in a reported first for the country. The home was purchased for 3 bitcoins without conversion to euros, under a new regulation permitting real estate deals with digital currencies. Buyer Pays With Bitcoin for Apartment in Braga, Portugal A three-room (two-bedroom) apartment in the Portuguese city of Braga has been bought with cryptocurrency without any conversion to fiat money. Local media… Source link

With bitcoin’s price continuing to lose value, the popular Fear and Greed Index has dropped into an extreme fear territory once again. In fact, the metric hasn’t been in such a poor state since late January, when the asset’s price dropped to $33,000. Fear Takes Over Ever since the end of March, the landscape around the primary cryptocurrency has been rather bearish. Bitcoin was close to $50,000 at that point but failed and started to lose value gradually. In April… Source link

While ups and downs are part of a cryptocurrency’s trajectory, the broader momentum is usually poised to be positive, albeit a market crash takes place. But that is not the case with Litecoin. Litecoin is not going up… The altcoin’s fixed trajectory is downwards as ever since it marked its ATH in May, the coin was stuck within the downtrend wedge, failing escape attempts. And as of yesterday, it not only fell through it, LTC also fell through the $100 mark, displaying no signs of… Source link

As per the latest data released by Santiment, on 7 May, the Ethereum network experienced a 3.4 times rise in the number of transactions as compared to any other day. The tweet further went out to state that with the ongoing market capitulation, this is the first time in the last 3.5 years that the ETH token has witnessed this volume of transactions in a single day. Ether at the moment The token, at press time, was in the green, but it hasn’t performed quite well in the last four weeks, to… Source link

Monero (XMR) gets a neutral rating from InvestorsObserver Saturday. The crypto is down 2.22% to $207.32 while the broader crypto market is down 0.29%. 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… Source link

Litecoin (LTC) gets a neutral rating from InvestorsObserver Saturday. The Digital Money asset is up 0.57% to $96.21 while the broader crypto market is down 0.32%. Litecoin has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Litecoin! Neutral Over the last five days, Litecoin has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the… Source link

Text size Fidelity’s push into Bitcoin is raising controversy but could be lucrative for the company. Dreamstime.com … Source link