What happened  Shares of crypto miners took a nosedive during trading on Wednesday as the price of Bitcoin (CRYPTO:BTC) plummeted. At 4:15 p.m. ET, Bitcoin was down 4.95% in the last 24 hours, but it’s down 6.2% since early this morning.  The impact on miners was swift. Riot Blockchain (NASDAQ:RIOT) fell as much as 13.1% today, Marathon Digital (NASDAQ:MARA) dropped 14.4%, and Hut 8 Mining (NASDAQ:HUT) fell 12.8%. The stocks closed the day down… Source link

News Home Wednesday, January 05, 2022 05:20 PM | InvestorsObserver Analysts InvestorsObserver gives Monero a strong long-term technical score of 76 from its… Source link

© Reuters Litecoin Falls 10% In Rout Investing.com – was trading at $134.700 by 17:14 (22:14 GMT) on the Investing.com Index on Wednesday, down 10.08% on the day. It was the largest one-day percentage loss since December 4, 2021. The move downwards pushed Litecoin’s market cap down to $9.508B, or 0.45% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $134.700 to $149.800 in the previous twenty-four… Source link

Litecoin (CRYPTO: LTC) is trading lower Wednesday as the cryptocurrency market is seeing a red day. Litecoin is trading lower with other popular cryptocurrencies such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). Litecoin has cracked below a higher low trendline support in what traders call an ascending triangle pattern. Litecoin is down 6.82% at $137.63 over 24 hours.  See Related: Is LItecoin In Trouble? Litecoin Daily Chart Analysis The crypto looked to have… Source link

What happened Today, top cryptocurrencies Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) declined 4.1% and 4.7%, respectively, over the past 24 hours as of 3:15 p.m. ET. Popular meme token Dogecoin (CRYPTO:DOGE) kept pace with these top tokens, dropping 4.6% over the same time frame. These three popular cryptocurrencies have basically paced the entire crypto market, which fell along most risk assets early this afternoon. The release of minutes… Source link

Text size Proponents of Bitcoin argue that its limited supply should make it an inflation-proof asset akin to gold. Dreamstime … Source link

Defying the broader sentiment, UNI poked above the 61.8% resistance level whilst Stellar formed a cup and handle pattern on its 4-hour chart. On the other hand, Litecoin continued its sideways movement. However, all the aforementioned cryptos flashed a weak directional trend. Uniswap (UNI) TradingView, UNI/USDT UNI’s long-term bearish streak reversed from the crucial 11-month support at the 13.98-mark. The rising wedge (white) saw a breakdown from the golden 61.8% Fibonacci level. This… Source link

The world’s largest cryptocurrency has been languishing around $47,000, well below early November’s highs of nearly $69,000. The malaise surrounding Bitcoin runs far deeper than its price. The world’s largest cryptocurrency has been languishing around $47,000, well below early November’s highs of nearly $69,000. A look under the hood helps explain why: Trading volumes have dried up, futures open interest is plunging and the number of active addresses has stalled out. Taken together,… Source link

The history of technology ecosystems shows that once a market enters the mass adoption phase, it’s remarkably hard to dislodge the early leaders. Personal computers, smartphones, networking equipment and cloud computing all show similar patterns: Even a decade or two after they got their start, the early market leaders were still the biggest players, and while successful new entrants still gain traction from time to time, it’s notable mostly because it is so rare. Now think about the… Source link

Litecoin (LTC) gets a bearish rating from InvestorsObserver Wednesday. The crypto is down 1.43% to $148.07 while the broader crypto market is down 0.99%. Litecoin has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Litecoin! Bearish Over the last five days, Litecoin has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of… Source link