This week in coins. Illustration by Mitchell Preffer for Decrypt. A brief crash dropped the price of Bitcoin to $39,638 on Friday, according to CoinMarketCap. The world’s favorite cryptocurrency, as of this writing, was trading near $39,975.50, an overnight drop of 1.21%—about 5% cheaper overall than last weekend.  Ethereum, the second-largest cryptocurrency, was trading at $2,733—about 5% lower than a day ago, 6% lower than a week ago. Most of the top 30 cryptocurrencies declined… Source link

Bitcoin (BTC) may be struggling at $40,000 but fresh data is reinforcing the fact that hardly anyone is interested in selling. Data from on-chain analytics firm Glassnode shows that despite price volatility, over 60% of the BTC supply has not left its wallet in a year or more. Strong hands have rarely been stronger Stubborn hodling by long-term investors is a characteristic that differentiates the current Bitcoin market climate from most other downtrends. With spot price action passing 50%… Source link

Ethereum was trading below $2,800 to start the weekend, as crypto bears extended recent market sentiment. Bitcoin was also under $40,000, as the global cryptocurrency market cap dropped by nearly 3% as of writing. Bitcoin For a fourth consecutive session, prices of the world’s largest cryptocurrency traded lower, as market pressure continued to keep bulls away. Following a high of $40,827.13 on Friday, BTC/USD is down 1.3% as of writing, and is trading close to its lowest level… Source link

Ethereum Code is a cryptocurrency trading platform that automates the full process of purchasing and selling Ethereum-based assets. Once you’ve signed up for the app, you can let the program take care of the rest. Ethereum Code program is created with the purpose of making it useable by anybody, regardless of their expertise or experience in the disciplines of finance or technology. History of Ethereum Code It was in 2017 that a group of seasoned brokers came together to develop the… Source link

OpenSea, one of the most popular nonfungible token (NFT) marketplace, has rolled out an upgrade to its smart contract, a proactive measure to weed out inactive listings on the platform. As a part of the planned upgrade, all OpenSea users will need to migrate their NFT listings — currently hosted over the Ethereum (ETH) blockchain — to the new smart contract. The new contract is live! Start migrating your listings now: https://t.co/W1w9ciCK2D — OpenSea (@opensea) February 18, 2022 Source link

Bitcoin (BTC) and Ether (ETH) price are still being hard hit by the current wave of volatility and this is leading traders to go back to the drawing board and readjust their short-term expectations. On Feb.17, Bitcoin price briefly dipped below $40,000 and Ether failed to hold support at $2,900, raises the chance of a drop to $2,500.  Data from Cointelegraph Markets Pro and TradingView shows that after hovering near the $2,900 support level through the morning trading hours, Ether was hit… Source link

Litecoin price action develops a pattern seen across the altcoin space: the inverse head-and-shoulders pattern. LTC faces a strong cluster of resistance before it can move towards the $200 value area. Downside risks are significant and highly probable. Litecoin price faced significant selling pressure on Thursday, following other risk-on markets lower due to war jitters and continued inflation worries. However, that didn’t stop LTC from developing a likely… Source link

“We remain cyclically bearish on bonds, although yields could soon pause; conditions are becoming technically stretched and U.S. rate expectations have already ratcheted higher,” MRB Partners wrote in a research note this week. “However, any pause, like the dip in yields last year, will not mark the end of the cyclical rise in yields.” Source link

Ethereum (CRYPTO: ETH) was falling over 4% at one point on Friday as inflation fears, the likelihood of rising interest rates and Ukraine/Russia news continues to spook the markets. Gold, considered a safe-haven asset, has been rising steadily in comparison, which indicates in times of economic uncertainty. Cryptocurrencies are still considered risky, despite many arguing cryptos such as Bitcoin (CRYPTO: BTC) would replace physical metals as the most popular asset… Source link

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