It wasn’t just stocks taking a hit on Wednesday. Cryptocurrencies also corrected sharply as the market swooned, and Ethereum (CRYPTO:ETH) wasn’t immune to the drawdown. The world’s second-most-valuable digital currency tumbled on Wednesday, down 9% by the time the East Coast hit midnight. Where do we go from here? Is this opportunity knocking, or is the door about to get blown in? Given Ethereum’s stellar returns through its six-year trading history,… Source link

LTC/USD traded lower yesterday, breaking below 141.50, which is the lower end of the sideways range that had been containing the price action since December 5th. Although the rate has paused for now near the 131.40 level, the dip below 141.50 has turned the outlook from neutral to bearish in our view. A clear break below 131.40 could pave the way towards the 122.00 zone, marked by the inside swing high of July 23rd, the break of which could extend the fall towards the… Source link

traded lower yesterday, breaking below 141.50, which is the lower end of the sideways range that had been containing the price action since Dec. 5. Although the rate has paused near the 131.40 level, the dip below 141.50 has turned the outlook from neutral to bearish in our view. A clear break below 131.40 could pave the way towards the 122.00 zone, marked by the inside swing high of Jul. 23, the break of which could extend the fall towards the low of that day, at around 113.00…. Source link

Ethereum’s native token, Ether (ETH), plunged sharply hours after the United States Federal Reserve released the minutes of its December meeting, showing that it eyes a faster timetable for hiking interest rates in 2022. The minutes showed that the Federal Open Market Committee (FOMC) is in favor of raising short-term rates “sooner or at a faster pace than participants had earlier anticipated.” According to the CME Group, trading in the interest-rate futures market showed a two-thirds… Source link

Ethereum (CRYPTO:ETH) has had an incredible year, with its price soaring by more than 415% over the past 12 months. Despite all this growth, 2022 could be even more promising for the cryptocurrency. Ethereum is currently transitioning into its upgrade, Ethereum 2.0, which will make it faster, less expensive to use, and far more environmentally friendly. If you’ve been on the fence about investing in Ethereum, now could be the right time to buy. But… Source link

Cardano, Solana, Litecoin, Bitgert, Centcex & Avalanche – What’s Next For These Cryptocurrencies In 2022? Read some of the best cryptocurrencies to consider in 2022 along with their potential offerings. The start of every year means a lot for the crypto community. It is usually the time to take stock of the previous year and look for the next big investment. Below are some of the best cryptocurrencies to consider in 2022 since they have impressive growth signs. But what are they offering… Source link

Text size Seemanta Dutta/Dreamstime.com Coinbase turned higher Thursday but other… Source link

You could accurately say that 2021 was the year of cryptocurrencies. Granted, the biggest and oldest cryptocurrency of all, Bitcoin (CRYPTO:BTC), only rose 60%. Although that sounds like a massive jump compared to major stock market indexes, it didn’t hold a candle to other digital coins. Ethereum (CRYPTO:ETH), which ranks as the second-biggest cryptocurrency behind only Bitcoin, delivered a return of more than 5x last year. But no coin sizzled as… Source link

The Ethereum ecosystem still has far more developers than rival networks, but they are catching up with a faster rate of growth. Ethereum competitors such as Polkadot, Solana, and Binance Smart Chain are growing faster in terms of development activity according to crypto research firm Electric Capital which released its findings on the blockchain development ecosystem in a new report on Jan. 6. It revealed that more than 4,000 monthly active open-source developers work on Ethereum —… Source link

“First Mover” hosts spoke to Harvard Business School Professor of Business Administration Marco Di Maggio about the risk and opportunity for algorithmic stablecoin. Seth Ginns, CoinFund managing partner and head of Liquid Investments, analyzed crypto markets. Plus, taking a page from ConstitutionDao, will BlockbusterDAO succeed in its mission? Tasafila, founder of BlockbusterDAO, shared insights into the movement. Source link