To say that last year was a difficult one for the cryptocurrency industry would be an understatement, as the entire market lost roughly 64% of its value in 2022. Things were little different for Ethereum (ETH 1.65%), and the popular digital asset dropped 68% during the year. Investors are wondering if things will turn around in 2023.  Based on Ethereum’s recent price of about $1,265, a $2,500 price target implies roughly a 100% gain for the world’s second-most valuable cryptocurrency by… Source link

© Reuters. Monero Price Analysis: XMR Price Retreats To $154.95  As Bears Retake The Lead Monero price analysis is bearish today as price declines by over 0.53 percent. continued sideways overnight at $154.95, further decline is expected in the near future. Buying pressure still fails to return as bears take control of the market and pushes price down to $154.95 at the time of writing. Monero price analysis shows that the XMR/USD pair is currently in a bearish trend. The market has… Source link

Notorious Shiba Inu (SHIB) killer Bonk (BONK) has continued to surpass previous milestones, including surpassing the total number of transactions on the Ethereum (ETH) network, and is maintaining its stellar start as a meme coin. A tweet from the meme coin’s official account claims that in the last 14 days, the token has processed 4,623,518 transactions, which is more than twice as much as Ethereum’s 1,831.79 million transactions. As the first token on the Solana blockchain network to be… Source link

XRP price is on track to break out of the symmetrical triangle formation and hit the $0.3566 level target.  The SEC v. Ripple legal battle is fast approaching its deadline as Judge Analisa Torres prepares to deliver her verdict.  US economic indicators continue providing the altcoin and the broad crypto market support, jobs report and ISM Non-Manufacturing PMI drove demand higher.  XRP, the sixth largest cryptocurrency by market capitalization and the native… Source link

Peera_Sathawirawong/iStock via Getty Images One of the more interesting crypto tokens to explore this crypto winter might be Ethereum Name Service (ENS-USD). It is a domain protocol built on the Ethereum (ETH-USD) blockchain. In this article, we’ll look at what Ethereum Name Service is, the tokenomics of the coin, and the strength of the Ethereum Name Service DAO. What is Ethereum Name Service? Simply put, Ethereum Name Service is a domain provider built on public blockchain rails. One can… Source link

A widely followed crypto analyst is warning Bitcoin (BTC) traders that the weekend ahead could be a tricky one. Popular crypto trader Michaël van de Poppe tells his 644,000 Twitter followers to avoid overleveraging BTC heading into the first weekend of the new year. “We should be good if Bitcoin remains above $16,600.  Tricky weekend coming up with Grayscale, tomorrow unemployment data and such. Wouldn’t go crazy on leverage.” Van de Poppe then goes into further detail… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Cryptocurrency adoption has been on the rise in El Salvador in recent years, with the country becoming the first in the world to adopt Bitcoin (BTC) as a legal tender. This landmark decision has attracted the attention of the global cryptocurrency community and has sparked discussions on the potential benefits and challenges of widespread adoption. El Salvador’s controversial move with its cryptocurrency adoption would not have been possible if it was not due to President Nayib Bukele, who… Source link

The headline numbers in the December jobs report from the BLS beat expectations, with jobs added of 223,000 versus forecasts for 200,000, and the unemployment rate of 3.5% versus forecasts for 3.7%. That 223,000 job gain, though, was a sizable slowdown from the 300,000-plus prints regularly seen in the first half of 2022 and was the lowest number of jobs added since April 2021. Source link

The headline numbers in the December jobs report from the BLS beat expectations, with jobs added of 223,000 versus forecasts for 200,000, and the unemployment rate of 3.5% versus forecasts for 3.7%. That 223,000 job gain, though, was a sizable slowdown from the 300,000-plus prints regularly seen in the first half of 2022 and was the lowest number of jobs added since April 2021. Source link