What happened Today is the first official trading day for stocks, but the third official trading day for cryptocurrencies in 2022. Most top tokens have seen heightened volatility to start the year, as investors place their bets on which tokens could outperform this year. Most mega-cap cryptocurrency tokens are down today, with Ethereum (CRYPTO:ETH) trading 2.3% lower over the past 24 hours, as of 12:30 p.m. ET. Out of the top 20… Source link

This article is part of our On the Radar 2022 series. By all accounts, Ethereum had a great year. The price of Ether rose 400% in 2021, assets locked in DeFi soared 12x to $250B, and network users paid nearly $10B in fees. However, the increased network activity in 2021 saw Ethereum’s annual energy consumption skyrocket past 100TWh, putting it on par with Kazakhstan. Power Hungry Crypto, and specifically Proof-of-Work (PoW) blockchains like Bitcoin and Ethereum, have been criticised for their… Source link

Text size Bitcoin’s recent tumble might have caused an increase in trading volume for Coinbase. Getty Images … Source link

Polygon (MATIC), Uniswap (UNI), Algorand (ALGO), Bitgert (BRISE) & Litecoin (LTC) – Best Crypto To Invest In 2022?   Looking for the best cryptocurrency to invest in shouldn’t be a big problem. You just need to look for a crypto project that is solving real-world problems. That’s what makes an ideal crypto project. Below are the 5 best crypto projects to invest in 2022:   Polygon (MATIC) The polygon & MATIC have become increasingly popular teams, especially with new projects. This is… Source link

Monero’s (CRYPTO: XMR) price has decreased 6.24% over the past 24 hours to $233.41. This is contrary to the coins performance over the past week where it has experienced an up-trend of 1.0%, moving from $233.77 to its current price. The chart below compares the price movement and volatility for Monero 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

Every Bitcoin user and miner is well-aware of the term Bitcoin halving and what it means to Bitcoin. The halving is the name for one of the most highly anticipated events in Bitcoin’s history.  This event affects just how much Bitcoin is in circulation so it doesn’t increase exponentially. Let’s find out why there’s so much fuss about the Bitcoin halving, how it works and what will happen during the next halving sometime in the not so distant 2024.  What is ‘the halving’?

Bitcoin (BTC) begins its first full week of 2022 in familiar territory below $50,000. After ending December at $47,200 — far below the majority of bullish expectations — the largest cryptocurrency has a lot to live up to as signs of a halving cycle peak remain nowhere to be found. With Wall Street set to return after stocks conversely ended the year on a high, inflation rampant and interest rate hikes looming, 2022 could soon turn out to be an interesting market environment, analysts… Source link

El Salvador’s president has made six predictions relating to bitcoin for 2022. He expects two more countries to adopt bitcoin as legal tender this year. Meanwhile, he expects El Salvador’s Bitcoin City to commence construction during the year and his country’s volcano bonds to be oversubscribed. Bitcoin Predictions 2022 by President Bukele The president of El Salvador, Nayib Bukele, tweeted on Jan. 1 his six predictions relating to bitcoin for the year 2022. El Salvador made… Source link

A finance professor at the Wharton School of the University of Pennsylvania has warned about inflation and the Fed hiking rates many more times than the market expects. He also said that bitcoin has become the new gold for the millennials. Finance Professor on Bitcoin and Inflation Wharton’s finance professor Jeremy Siegel shared his outlook for various markets that he believes investors should have exposure to this year in an interview with CNBC Friday. Siegel is Russell E. Palmer… Source link

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not… Source link