Bitcoin (BTC) added to its losses on Dec. 29 with a fresh tumble briefly taking BTC/USD below $46,600. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView RSI flashes “oversold” Data from Cointelegraph Markets Pro and TradingView showed the pair giving up ground prior to the Wall St. open to increase its 48-hour correction to 10.4%. The latest move in a familiar pattern of behavior, the market showed that the range in which Bitcoin has acted in December remains very much in play.  As… Source link

Bitcoin (BTC) may be down over 30% from its record high of $69,000, but it has emerged as one of the best-performing financial assets in 2021. BTC has bested the United States benchmark index the S&P 500 and gold. Arcane Research noted in its new report that Bitcoin’s year-to-date performance came out to be nearly 73%. In comparison, the S&P 500 index surged 28%, and gold dropped by 7% in the same period, which marks the third consecutive year that Bitcoin has outperformed the two. Bitcoin… Source link

With 2021 winding down and 2022 hopefully being the year of the Merge, I wanted to do a deeper dive into five of the top things to expect with Ethereum’s impending transition to proof-of-stake. The Merge itself will not be as initially glamorous as many market participants and outsiders may believe. However, the underlying improvements and the foundation it sets will allow Ethereum to onboard millions of users without sacrificing decentralization. Lower energy consumption – Changing… Source link

BTCUSD is bearish since the price reached new ATH but only with three waves so ideally that was big wave B as part of a big flat or a triangle formation, with more weakness in view in the near future as rally from 43400 unfolded in three waves. A broken trendline will be another confirmation of further weakness. Bitcoin 4h Elliott Wave analysis Looking into Litecoin, Lower lows and lower highs is a nice and strong bearish trend that recently slowed down at 126.40… Source link

Ethereum (CRYPTO:ETH), the world’s second-largest cryptocurrency, has had quite a nice year in 2021. The price of Ether, the token that fuels the network, has been up roughly 460%, with just a few days remaining in 2021. Furthermore, the network has grabbed the spotlight as the use of smart contracts and non-fungible tokens have shown how much real-world utility there is with Ethereum. Currently, Ethereum has a $486 billion market cap. Could it rise… Source link

Business The deal, announced a week ago giving few details, is for 78,000 machines to be delivered in second-half 2022. By Tanzeel Akhtar Dec 29, 2021 at 10:55 a.m. UTC Updated Dec 29, 2021 at 10:55 a.m. UTC A bitcoin mining farm. (Marko Ahtisaari/Flickr) Source link

Elon Musk. MARK RALSTON/AFP via Getty Images Secretive crypto expert Nick Szabo might be Satoshi Nakamoto, according to Elon Musk. “He seems to be the one more responsible for the ideas behind bitcoin than anyone else,” Musk told podcaster Lex Fridman. Szabo has spoken publicly about the history of bitcoin and blockchain tech, but has repeatedly denied claims he is Nakamoto. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Elon Musk seems to agree with… Source link

Even though Litecoin may not be one of the topmost cryptocurrencies by market cap, it still holds a lot of value for investors. However, with the active downtrend that interest might begin fading away soon. Litecoin in the dark Litecoin has a significantly higher rate of adoption when compared to most of the other altcoins. However, it is failing as a reliable vehicle of investment at the moment.  Stuck under a downtrend, still, even after seven months, the altcoin could not keep the rally… Source link

What happened  The cryptocurrency market is crashing on Tuesday with major cryptocurrencies like Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Dogecoin (CRYPTO:DOGE) all dropping high-single digits. A traditionally slow week of trading could be at fault, so investors will want to watch momentum once people return to work in the new year.  As of 2:05 p.m. ET, Bitcoin was down as much as 8.1% in the last 24 hours and is currently down 7.4%…. Source link