Monerocryptocurrency (XMR) is a popular because of its privacy-enhanced blockchain. Due to its anonymity, it’s a favoured cryptocurrency worldwide. Monero’s website claim that Monero transactions are untraceable and confidential. They also claim that it is the only cryptocurrency hiding the sender, receiver, and transaction amount information. They protect users’ privacy by using ring confidential transactions (RingCT), ring signatures, and stealth addresses. This article will discuss… Source link

Bitcoin (BTC) lost momentum at $51,500 on Dec. 24 as traders weighed the odds of a “Santa rally” coming true for Christmas.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC sees potent long-term retest Data from Cointelegraph Markets Pro and TradingView saw BTC/USD preserve its gains from Thursday, these totalling 6% with resistance most recently kicking in at just above $51,500. Opinions were mixed among weary traders about the strength of the rally and whether it could… Source link

In glad tidings for an orange Christmas, Bitcoin (BTC) supply is drying up to lows not seen for years. In a recent tweet by CryptoRank, just 6.3% of the total Bitcoin supply, or 1.3 million BTC, is held on cryptocurrency exchanges.  The decreasing supply is nothing new, trending down since the Bitcoin halving in 2020 when the BTC block reward was cut in two. BTC availability on exchanges followed suit, slowly trending down over the past year. Exchange wallets accounted for 9.5% of the BTC… Source link

Ethereum (CRYPTO:ETH) didn’t generate the knock-your-socks-off returns that some cryptocurrencies did this year. Other digital coins, especially Shiba Inu, absolutely exploded. But make no mistake about it: Ethereum was still a big winner. If you bought $1,000 of the cryptocurrency in early 2021, here’s how much you’d have now.  Image source: Getty Images. Crunching the numbers Ethereum opened on Jan. 1, 2021 at a price of $737.31. An initial… Source link

2021 has been a stunning year for Ethereum. On the 31st of December 2020, ETH/USD was trading in the low $700 area. As the end of December 2021 approaches, ETH is trading to the north of $4000 per token. That amounts to on-the-year gains of well over 300%. That compares to a year-to-date return for BTC/USD of only around 80% at the time of writing. ETH/BTC subsequently rose substantially in 2021 from under 0.03 to current levels close to yearly highs around 0.08. As of Friday morning,… Source link

Bitcoin rose to about $51,000 and touched the highest level in more than two weeks, buoyed by wider positive sentiment in financial markets. The largest cryptocurrency has advanced some 4% over the past two days and at one point reached $51,524 on Friday in Asian trading. Ether, the second-largest token, was near $4,100.  Source link

Hello, Market Wrap readers! During the final two weeks of 2021, we’re using this space to recap the year’s most dramatic moments in cryptocurrency markets – and highlight the key lessons from this fast-evolving corner of global finance. Over a series of eight posts starting on Dec. 20 and running through Dec. 30, we’ll recap what shook crypto markets this year. (For the latest digital-asset prices and news headlines, please scroll down.) Source link

As Bitcoin registers a 7.19% three-day rise at press time, altcoins like Tron and Litecoin bagged similar gains to flip their 20-SMA’s as immediate support levels. The king coin would need an uninterrupted volume-backed rally to reverse the current sentiment and with it, the overall market trajectory. Contrarily, Terra entered into price discovery and poked its ATH on 22 December. Terra (LUNA) TradingView, LUNA/USDT LUNA witnessed a massive upturn after a down-channel breakout on 14… Source link

One thing that’s obviously on crypto investors’ minds right now is privacy. As government interests pivot toward digital currency, and the ways in which it can be controlled, investors are looking to cycle their investments. Cryptos like Bitcoin (CCC:BTC-USD) are being overlooked in favor of those like Monero (CCC:XMR-USD). Now, the XMR crypto is turning into one of the most popular investments as we close out 2021. As such, all eyes are on Monero price predictions. Source:… Source link

Bitcoin (BTC) is about to hit a new all-time high in one essential area — and major mining pools have likely already clinched the title. Data from monitoring resource MiningPoolStats shows that, as of Dec. 20, the Bitcoin network hash rate is practically at its highest ever. Hash rate vanquishes specter of China Despite the price comedown from $69,000, hash rate is steaming higher, and the chunk of computing power from known pools is now at a historic peak. Hash rate refers to the computing… Source link