Bitcoin’s (BTC) sudden crash on Jan. 10 caused the price to trade below $40,000 for the first time in 110 days and this was a wake-up call to leveraged traders. $1.9 billion worth of long (buy) futures contracts were liquidated that week, causing the morale among traders to plunge. The crypto “Fear & Greed” index, which ranges from 0 “extreme fear” to 100 “greed” reached 10 on Jan. 10, the lowest level it has been since the Mar. 2020 crash. The indicator measures traders’ sentiment using… Source link

Photo: ozan kose/Agence France-Presse/Getty Images Without fanfare or debate, Congress has recently determined… Source link

Over the past 24 hours, Ethereum’s (CRYPTO: ETH) price has fallen 3.97% to $3,220.37. This is opposite to its positive trend over the past week where it has experienced a 5.0% gain, moving from $3,066.66 to its current price. The chart below compares the price movement and volatility for Ethereum over the past 24 hours (left) to its price movement over the past week (right). The gray bands are bollinger bands, measuring the volatility for both the daily and weekly price… Source link

Despite the fact that regulations have tightened and bureaucrats worldwide are scrutinizing cryptocurrency usage, a few privacy coins have jumped considerably higher in value over the last week. Monero jumped 13% during the last seven days, while the token secret increased 50%, and dusk spiked by 47% this past week. Monero, Secret, Dusk Network Values Spike This week a few privacy-centric crypto assets have seen double-digit percentage gains over the last seven days. According to… Source link

Kasta co-founder Carl ‘The Moon’ Runefelt provides his outlook for bitcoin in 2022 on ‘The Claman Countdown.’ Bitcoin prices tumbled on Monday with stock and bond markets closed for the Martin Luther King holiday.    The largest crypto by market value slipped over 1% in afternoon trading, hovering around the $42,000 level.  BITCOIN MINER REVEALS HOW TO MINE CRYPTOCURRENCY FROM YOUR TESLA Ethereum and Dogecoin were also lower.  LIVE: CRYPTOCURRENCY PRICES     Despite the ongoing… Source link

While transforming the broader sentiment is still a dream scenario for the bulls, the near-term technical indicators of Uniswap, Litecoin, and NEAR flashed a slight buying bias. Uniswap pulled back from its immediate supply zone while Litecoin jumped above its 20/50/200 SMA. NEAR managed to attain its lifetime milestone on 15 January and formed a bullish divergence with its RSI. However, it still needed enough volumes to sustain its edge. Uniswap (UNI) Source: TradingView, UNI/USDT After… Source link

During the first month of 2022, both Bitcoin and Ethereum’s hashrates have climbed to all-time highs (ATHs). While Bitcoin’s hashpower surged to over 200 exahash per second (EH/s), Ethereum’s hashpower jumped to over 1 petahash per second (PH/s). A few mineable digital asset networks, however, saw their hashrates decline since their ATHs and the processing power behind these protocols hasn’t returned back to the highs captured long ago. While Some Hashrates Skyrocket,… Source link

Bitcoin slumped Wednesday and into Thursday. Jirapong Manustrong/Getty Images Bitcoin could fall below $30,000 in 2022 as air leaves the crypto bubble, Invesco said in its “improbable but possible” forecasts. Invesco strategist Paul Jackson said the marketing around bitcoin reminds him of the run-up to the 1929 crash. If bitcoin follows the trend of other manias, then a rocky couple of years lie ahead, he predicted. Bitcoin could tumble below $30,000 this year as the air comes out of… Source link

Jan 17 (Reuters) – As bitcoin heads into 2022, a growing cohort of long-term investors is doubling down on its stashes of the cryptocurrency, hoping a December dip was merely a festive blip. Some industry watchers point to the underlying stability of such long-term investments as potentially promising indicators for the capricious cryptocurrency. Since last July, for example, the amount of bitcoin held in digital wallets with no outflows for more than five months has been steadily increasing,… Source link

The cryptocurrency market seems uncertain now, as crypto traders try to decide whether the bearish period in the market is over or not. After last year’s decline continued early this month and Bitcoin reached $40,000 while Ethereum reached $3,000, we saw an attempt to turn bullish early last week. But, the bullish momentum didn’t last long for most of the market, and for about a week cryptocurrencies have been consolidating in a tight range. Although, there are some digital coins that… Source link