Text size The price of Bitcoin has declined about 17% so far in 2022. Dreamstime

Bitcoin (BTC) jumping to $39,000 has already activated large-volume investors this week, the latest data shows. Analyzing whale behavior, on-chain monitoring resource Whalemap revealed accumulation underway at levels above $36,000. This week’s BTC price “triggered” whales Identifying clusters of whale bids, Whalemap uncovered what appears to be renewed market confidence among those with some of the largest BTC balances — between 100 BTC and 10,000 BTC. “Recent prices triggered whales… Source link

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Source: AdobeStock / Tim   Litecoin (LTC) has released its long-awaited fungibility and scalability upgrade Mimblewimble Extension Block (MWEB) after almost two years of development, testing, and auditing. This is considered one of Litecoin’s most significant upgrades to date. “After years of hard work, we are finally ready to release MWEB,” said Charlie Lee, the creator of Litecoin, explaining that the update will be part of the… Source link

ETH managed to rally towards the next major key resistance level at $2,800. So far, since recording a bottom of $2160 just a week ago, Ethereum’s price had seen massive 30% gains. Key Support levels: $2,550, $2,200 Key Resistance levels: $2,805, $3,000 ETH closed in green the past five days, reaching the key resistance at $2,805 (20-day moving average line). Now price is consolidating just under this key level in anticipation of a new attempt to break above – in case the… Source link

Feb 1 (Reuters) – Bitcoin is beginning to reassert its dominance over challengers to its cryptocurrency crown. The original digital coin was assailed by thousands of new “altcoin” competitors in 2021 – from solana and polkadot to litecoin and dogecoin – raising the prospect of a rapid fragmentation of the crypto market. Yet bitcoin has stemmed its loss of market share this month, and begun to regain ground, as rattled investors seek the relative safety of the biggest crypto player while they… Source link

Follow the money. When big investors begin buying an asset, you’ll want to take note. And that’s what appears to be happening in the cryptocurrency market. Investors who own large quantities of a cryptocurrency are known as crypto whales. It’s not surprising that there are plenty of Ethereum (CRYPTO:ETH) whales since Ethereum is the second-largest cryptocurrency based on market cap. What might be surprising, though, is that Ethereum whales are buying… Source link

During the bearish 3-month period in the crypto market, the leading cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH), have lost more than half their value, while other cryptocurrencies, such as  Litecoin and Axie Infinity, have lost around two-thirds of their value. But, on the flip side, this makes them tempting to buy, especially since they have been leaning on some important support zones. Can they reverse from here? Axie Infinity Daily Chart – The Third Support Level Below… Source link

by Analytics Insight February 1, 2022 This article features the latest update on cryptocurrencies like Cardano, Bitgert, and more. January was definitely one rough month for the crypto community, but February looks great. The crypto market opened in the green, with all big cryptocurrencies recording impressive gains from yesterday’s plunge. It looks like a good month and probably a bullish first week of February. Besides the price changes, there are also other updates from these… Source link

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 compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link