bitcoin

Better Cryptocurrency: Ethereum or Shiba Inu?

Better Cryptocurrency: Ethereum or Shiba Inu?

Choices, choices. There are well over 13,500 cryptocurrencies. That number continues to grow. Most of these digital coins fly far below the radar for most investors. But not Ethereum (CRYPTO:ETH) and Shiba Inu (CRYPTO:SHIB). They’re two of the most popular cryptocurrencies on the planet. Both have been big winners so far this year. Which is the better crypto to buy now? Here’s how Ethereum and Shiba Inu stack up against each other. Image source:… Source link

Read More »

3 Bitcoin Stocks Expected to Increase Sales 522% to 21,551% by 2023

Since the beginning of the 20th century, stocks have delivered the highest average annual return among popular investment vehicles, such as bonds, gold, and other commodities. But over the short term, cryptocurrencies have lapped the stock market many times over. Leading the charge is Bitcoin (CRYPTO:BTC). The world’s largest digital currency by market cap has increased in value from $0.0008 (that’s eight-hundredths of a penny) at the beginning of… Source link

Read More »

Is Litecoin becoming the hub of FOMO among the older cryptos

When AMCTheatres enabled the option to pay in cryptos, Litecoin registered a decent hike. The reasoning seemed genuine and even additional metrics pointed out that it was probably an organic rise in the short term. However, on further research, it appeared that Litecoin has begun following a pattern. One where it goes up by a significant margin, sits there for a while, and then drops back down, canceling all or most of the growth. An example of the same can be found on the chart itself. For… Source link

Read More »

Bitcoin holders who bought at $20K refuse to sell BTC at all-time highs — latest data

Bitcoin (BTC) investors who bought at 2017 all-time highs and above have still not sold, data suggests. According to the HODL Waves metric, coins which last moved in the past six to twelve months now make up the biggest portion of the BTC supply. BTC buyers hold their nerve Despite strong gains and equally strong corrections in 2021, those who entered the market or added to their positions in or after November 2020 are refusing to sell. HODL Waves, which track the age distribution of unspent… Source link

Read More »

UBS Group Head Skeptical of Bitcoin’s Longevity

Speaking at the Bloomberg New Economy Forum on Wednesday (Nov. 17), Axel Weber, chairman of UBS Group AG, shared his skepticism around bitcoin and said the concept of anonymous payments won’t last. Weber’s comments are consistent with his past views on cryptocurrency. “I love the technology, I think the idea of having instantaneous transactions between a large number of people — fantastic,” Weber said, per Bloomberg. However, he thinks the idea of moving payments away from banks… Source link

Read More »

Why Ethereum Classic Could Get Slaughtered Amid Bitcoin, Ethereum Pullback If This Pattern Plays Out – Ethereum Classic – United States Dollar ($ETC)

Ethereum Classic (CRYPTO: ETC) fell 13.21% on Tuesday before bouncing to  just above a support level at $50.78. The decline was in sympathy with crypto market leaders Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which retraced 5.52% and 7.7%, respectively, over the same 24-hour period. On Wednesday, Ethereum Classic was trading mostly flat in consolidation but was settling into a bearish pattern that may signal trouble for the crypto over the coming days. See Also: 

Read More »

Why Bitcoin, Dogecoin, Ethereum, and Shiba Inu Bounced Off Lows Today

What happened  Volatility strikes again for mainstream cryptocurrencies. The drop in crypto that began a week ago hit a low point very early Wednesday morning, but the industry has bounced back slightly since then.  According to Coinbase, Bitcoin (CRYPTO:BTC) fell to as low as $58,380 early this morning, but is now down just 0.64% in the past 24 hours to $60,191 as of 4:10 p.m. ET. Ethereum (CRYPTO:ETH) had a similar move, hitting a low around… Source link

Read More »

Here’s why bears hope to pin Bitcoin under $60K ahead of Friday’s $1.1B options expiry

Here’s why bears hope to pin Bitcoin under K ahead of Friday’s .1B options expiry

Bitcoin (BTC) bulls were euphoric when the price soared to $69,000 on Nov. 10 because the 14.5% gain accumulated over five days meant they were in for a $715 million profit on Nov. 12’s options expiry. However, the 9% negative price move on Nov. 16 caught bulls by surprise, especially since most of the call (buy) options for Nov. 19 have been placed at $66,000 or higher. Curiously, that price level has been the exception rather than the norm. Bitcoin/USD price on FTX. Source: TradingView Bears… Source link

Read More »

After Taproot, What’s Next for Bitcoin’s Future? – Coindesk

After Taproot, What’s Next for Bitcoin’s Future? – Coindesk

In short, it allows a new type of signing option when signing a transaction, allowing a user to sign a transaction without adding a specific output (which is the coins they want to send) – at least not right away. This code change helps with a variety of technical problems, including one facing the Lightning Network, the overlay network to Bitcoin that increases transaction scalability and speed, and decreases costs. Source link

Read More »