Sweden’s Riksbank Governor Stefan Ingves said ‘private money usually collapses sooner or later’. Photo: Getty Images Cryptocurrencies were broadly down on Friday as Sweden’s central bank governor said bitcoin could eventually collapse. Bitcoin (BTC-USD) was down roughly 1%, to trade at $45,918 (£33,090) while Ethereum (ETH-USD) tumbled 4.5% to trade at $3,373. Bitcoin, hit by regulatory crackdowns and concerns over the environmental impact of mining it, had fallen below $50,000, after… Source link

Check out what’s clicking on FoxBusiness.com. Bitcoin was trading 1.02% lower on Friday morning. The price was around $45,910 per coin, while rivals Ethereum and Dogecoin were trading around $3,370 (-4.62%) and 24.6 cents (-4.46%) per coin, respectively, according to Coindesk. Bitcoin is still recovering following Tuesday’s plunge from nearly $53,000 to $43,119 at its low and after a higher day Thursday, which saw the crypto rise 1.02%, the report said. BITCOIN TUMBLE TRIPS UP COINBASE,… Source link

Monero price is on range-bound trading, a trend observable in other cryptocurrencies. Bitcoin – the leading crypto by market capitalization – has been trading between 45,500 and 47,395 for three sessions in a row. Altcoins like Dogecoin and Cardano have also exhibited a similar trend. As the market enters the weekend, Monero price will likely record curbed gains as fear remains the key emotion driving the crypto sector. At a reading of 46, the crypto fear… Source link

Ethereum Ethereum fell by 2.13% on Thursday. Reversing a 1.85% gain from Wednesday, Ethereum ended the day at $3,424.32. A mixed start to the day saw Ethereum rise to a late morning intraday high $3,568.59 before hitting reverse. Falling short of the first major resistance level at $3,636.88, Ethereum fell to a mid-day intraday low $3,393.17. Steering clear of the 23.6% FIB of $3,369 and the first major support level at $3,290, Ethereum revisited $3,550 levels before easing back. At the time of… Source link

The below is from the latest monthly report by the Deep Dive, Bitcoin Magazine‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. “We need to move NFTs onto the Layer 2 ecosystem to cut fees. However, doing that *right* requires good cross-rollup portability standards, so the ecosystem can avoid getting locked into one particular L2.” – Vitalik Buterin, Creator of Ethereum Many… Source link

According to the block explorer Etherscan.io, Ethereum’s node count has plummeted in the last two weeks from well over 9,000 to under 3,000. While chain explorers can give rough estimates, this drop does correlate with the glitch in node software that caused the chain to split just two weeks ago. But why hasn’t the chain recovered these nodes yet? Learn how smart money is playing the crypto game. Subscribe to our premium newsletter – Crypto Investor. https://etherscan.io/nodetracker Two… Source link

“The biggest upside potential is in the application domain of digital assets,” Lykke said, referring to the fund’s third-largest holding in the Polkadot blockchain’s DOT token, which rallied about 50% over the past month, compared to a 3% rise in bitcoin during the same period. Source link

The Palo Alto, Calif.-based team said Thursday the initiative, part of what it is calling a “full-stack ecosystem strategy,” aims to support 10,000 startups with bounties, grants and other sweeteners. It comes as competing base layers like Avalanche, Fantom and others pony up large funds to reward projects in an increasingly competitive space. Source link

While Bitcoin is regarded as the king of cryptocurrency, it doesn’t beat out Ethereum in every metric. With a robust ecosystem of decentralized finance (DeFi) protocols, play-to-earn blockchain games, and NFTs, Ethereum’s blockchain handles about 5 times the daily volume of Bitcoin. As a metric of success, generating fees is a double-edged sword. For one, fees show the demand for a blockchain network. If the network were to have less active users, it’d generate less fees. There’s also… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Litecoin has been drawing a lot of attention from retail investors of late. The alt’s on-chain metrics appear to be healthy and it has also been making inroads on the development front. Spurred by the recent popularity of smart contract applications and NFTs, Litecoin released plans to venture into new territory via OmniLite. However, on the charts, a wider… Source link