Bitcoin was trading marginally higher on Wednesday, as crypto markets returned to the green ahead of the Fed meeting. ETH also rebounded in today’s session, moving away from its long-term support level in the process. Bitcoin BTC was trading higher on Wednesday, as bulls re-entered the market ahead of today’s Federal Reserve rate decision. Following a floor of $37,585.62 during Tuesday’s session, BTC/USD rallied to an intraday peak of $39,095.11 earlier today. The move came as… Source link

It is always worthwhile to see how cryptocurrency trends evolve in the payments space. BitPay remains the leading crypto payment processor, making it a reliable provider of crucial industry metrics. Surprisingly, Litecoin represents nearly 15.5% of all payments in early 2022. BitPay Still Notes Healthy Volumes There were times when any company working with BitPay would make significant headlines. Cryptocurrencies have been shunned by the mainstream for several years, although things have… Source link

Yuri Molchan Litecoin hashrate has reached new historic peak; thanks in part to Dogecoin, LTC price goes up Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose. Founder of

“It would be an incredible surprise if the Fed didn’t lift rates by 50bp at this meeting – this is well priced, with the swaps market pricing 51bp of hikes – where we do see an issue is pricing around the June FOMC (Federal Open Market Committee) meeting, with a 25% chance of 75bp hike – this seems a tad lofty, but it has come down from 50% last week,” Chris Weston, head of research at Pepperstone, wrote in the Daily Fix newsletter. Source link

Bitcoin (BTC) saw classic “choppy” price action on May 4 with hours to go before fresh Federal Reserve cues. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bulls pin hopes on history Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it bounced between support and resistance after hitting $37,600 on the evening of May 3. A subsequent bounceback saw the pair clip $39,000 at the time of writing, providing relief to low-timeframe traders at 4.1% off the… Source link

The altcoin market posted relatively high losses in the past few hours as Bitcoin saw a brief dip beneath the $38k mark, to post a low of $37.5k. This sent a ripple of fear across the market, but Bitcoin was attempting to flip $38k back to support at the time of writing. Litecoin, MANA, and Uniswap posted gains of around 3% during this bounce, but their market structure still had a bearish bias. Now, the question is- Can they break past the imminent resistance levels over the next 12… Source link

America’s largest crypto exchange Coinbase has been revealed as the mystery firm that took out Wall Street’s first Bitcoin- (BTC)-backed loan from Goldman Sachs. Goldman Sachs has $2.5 trillion assets under management as of 2021. Bloomberg reported on Tuesday that the Bitcoin-backed loan issued by Goldman Sachs had been taken out by Coinbase as a way to deepen ties between the crypto and traditional finance (TradFi) world, with the head of Coinbase Institutional Brett Tejpaul stating… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. USDT Dominance, a measure of the crypto market cap possessed by Tether the stablecoin, has been rising toward 5% in the past month. The rise of this dominance metric indicated that market participants preferred to sit on the sidelines rather than deploy their capital. Yet, Monero has seen a strong rally in the past two months, which meant it had buyers at a… Source link

Data shows Ethereum staking has passed another milestone as more than 10% of the total ETH supply is now locked within the contract. Around 12 Million ETH Is Now In The Ethereum 2.0 Deposit Contract As pointed out by an analyst in a CryptoQuant post, the ETH staking rate has observed further surge recently, taking the metric’s value to 10% of the total supply. In case anyone’s not aware of what “staking” is, it’s best to take a look at the “proof of… Source link

All we hear these days when it comes to crypto gambling is about Bitcoin, but what about Litecoin? This altcoin is as reliable as BTC and it’s four times as fast. That’s why we’re digging deep to find the best LTC casinos and gambling sites. After our research, our top Litecoin casino is Bitstarz. It has an enormous amount of games playable directly with LTC and showers players with their race promos and reload bonuses. That said, we’re sure any of our best Litecoin gambling sites will… Source link