Several Fed members have already turned hawkish, signaling a willingness to begin scaling back asset purchases, or tapering, this year. Some observers are concerned that a possible taper would lead to a substantial drop in the dollar liquidity in the fourth quarter, and could coincide with the U.S. Treasury issuing more bonds to rebuild its coffers (the Treasury General Account, or TGA) after the debt ceiling is lifted. Source link

Open-source platform OmniLite will allow the creation of cryptocurrency, stable-coins and NFTs The Litecoin Foundation has announced the launch of OmniLite, a decentralized token creation platform. It is an open-source platform that makes it possible to produce decentralized tokens and smart contracts along with crypto-assets, such as tokens and NFTs. OmniLite is a layer that sits on top of Litecoin’s blockchain, it uses the benefits of its highly regarded network security and low fees…. Source link

Bitcoin (BTC) starts a new week in a precarious place — below $45,000 and below some key moving averages. What’s next? Almost a week after a cascade of leveraged position unwinding forced the market to $42,800, Bitcoin has erased most of its subsequent recovery. The weekend produced little by way of a paradigm shift, and now, downside volatility is firmly in place. With BTC/USD down 13% in a week, Cointelegraph takes a look at five things that may help traders to anticipate what the next… Source link

Ethereum is struggling to climb above $3,500 against the US Dollar. ETH price is moving lower and it could decline further below the $3,200 support zone Ethereum failed to clear the $3,450 level and started a fresh decline. The price is now trading well below $3,400 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $3,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its decline if there is a clear… Source link

Ethereum Ethereum rose by 4.19% on Sunday. Following a 1.79% gain on Saturday, Ethereum ended the week down by 13.88% to $3,403.75. A mixed start to the day saw Ethereum fall to an early morning intraday low $3,231.75 before making a move. Steering clear of the first major support level at $3,195, Ethereum rallied to a mid-day intraday high $3,472.99. Ethereum broke through the first major resistance level at $3,344 and the second major resistance level at $3,422. The rally also saw Ethereum… Source link

Bitcoin price failed to continue higher and declined below USD 45,000. Ethereum is trading well below USD 3,300, XRP revisited USD 1.0. DOT rallied over 11% and it broke the USD 35 level. Bitcoin price attempted a close above the USD 46,000 pivot zone, but it failed. BTC started a fresh decline and it traded below the USD 45,000 support. It is currently (04:24 UTC) consolidating and it remains at a risk of a move towards the USD… Source link

The Litecoin price recovery from last week’s crash is looking vulnerable, and the failure to reclaim $200 may be setting LTC up for a fall. Unlike many altcoins that have roared higher, Litecoin (LTC/USD) takes its lead from Bitcoin (BTC/USD). And unfortunately for the bulls, BTC is giving it back and is in danger of breaking down. As I warned last week, violent selloffs are often followed by a bounce. Furthermore, that bounce often sucks in buyers, which… Source link

Bitcoin price is consolidating below the $46,000 zone against the US Dollar. BTC could start a major decline if it breaks the $44,200 support zone in the near term. Bitcoin is facing a major resistance near $46,000 and $46,200 levels. The price is now trading well below $46,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $46,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a major decline… Source link

Another expert cited in the report, Cho Yeon-haeng, president of Korea Finance Consumer Federation, said “huge investor losses are expected” as trading is suspended and assets are frozen. Many of the smaller exchanges are unlikely to offer customer protection as they stare down immediate closure, he said. Source link

Ethereum has been trading sideways with a minor gain of 1.70%. ETH was eyeing its multi-month high of $4033.45.  Litecoin was also consolidating with a minor gain of 1.10%, with immediate overhead resistance at $ 194.13. Contrastingly, Avalanche dissociated itself from the broader market sentiments and rallied 21.06% securing an all-time high of $ 64.87. The last time AVAX tried to reach this price level was almost six months ago.  Ethereum (ETH) ETH/USD, TradingView Ethereum was seen… Source link