Gold made a strong start to the new year and is trading close to a seven-month high on expectations that the United States Federal Reserve may slow down and hike rates only by 25 basis points in its next meeting on Feb. 1.  Cryptocurrency markets have also shown a mild uptick but are yet to make a decisive move higher. One of the reasons could be renewed fears regarding Digital Currency Group’s liquidity issues, which again came into focus after Gemini co-founder Cameron Winklevoss penned… Source link

Bitcoin (BTC) is now further below a key moving average than it was at the pit of the March 2020 COVID-19 crash. In a tweet on Jan. 4, popular trader and analyst Rekt Capital revealed just how remarkable the current Bitcoin bear market really is. BTC price 200-week moving average out of reach Not only has Bitcoin now spent more time below its 200-week moving average (WMA) than ever before, it is now further beneath it than at any time in history. Looking at the weekly BTC/USD chart, Rekt Capital… Source link

Bitcoin (BTC) is now further below a key moving average than it was at the pit of the March 2020 COVID-19 crash. In a tweet on Jan. 4, popular trader and analyst Rekt Capital revealed just how remarkable the current Bitcoin bear market really is. BTC price 200-week moving average out of reach Not only has Bitcoin now spent more time below its 200-week moving average (WMA) than ever before, it is now further beneath it than at any time in history. Looking at the weekly BTC/USD chart, Rekt Capital… Source link

Monero is the current gold standard for a private cryptocurrency. Unlike Bitcoin, it allows you to easily and seamlessly transact value online without any visible record in the Monero blockchain, so users often prefer Monero in transactions where they want to be anonymous. Here we show you how to install a Monero node, setting it up to broadcast over Tor and connecting it through a mobile wallet. Why Host Your Own Monero Node One issue with Monero is… Source link

What happened Several popular cryptocurrencies rose this morning, as investors wait for the release of the latest meeting minutes from the Federal Reserve. Since late afternoon yesterday, the price of the world’s second-largest cryptocurrency, Ethereum (ETH 3.46%), traded about 3.3% higher as of 11:11 a.m. ET today. The price of the meme token Dogecoin (DOGE 3.36%) traded about 2.8% higher, and shares of Cardano (ADA 6.73%) were up 6.5%. So what Investors are still trying to find direction… Source link

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Ethereum rose to a three-week high on Jan. 4, as markets prepared for the release of the latest Federal Open Market Committee (FOMC) minutes. Wednesday’s report will likely show the U.S. Federal Reserve’s view on the economy, and further detail its reasoning behind a policy pivot. Bitcoin was also higher, rising to an eight-day high. Bitcoin Bitcoin (BTC) rose to an eight-day high on Wednesday, as cryptocurrency markets climbed ahead of the latest FOMC minutes release. Following a… Source link

The ether-bitcoin (ETH/BTC) ratio could rally toward a two-month high, according to Lewis Harland, a portfolio manager at Decentral Park Capital. That’s because the ratio has broken out of a multi-month triangle pattern, often called a wedge, indicating a bull victory in the prolonged tug-of-war with bears. “ETH/BTC has broken out of its multi-month wedge to the upside,” Harland told CoinDesk, adding that the breakout has opened the doors for a rally toward the early December high of 0.07636… Source link

Bitcoin, meanwhile, could continue to lag ether due to miner selling. “Miners are becoming more distressed, indicated by higher hashrate where the market may become concerned miners selling inventory to remain operational and competitive,” Harland noted. Source link

“We have worked hard to create an Ethereum protocol that is capable of being highly decentralized. But there are centralizing forces everywhere, and we need to be super attentive to them,” said Ben Edgington, the Lead Product Owner at Teku, a client (which is a software) of Ethereum, developed by Ethereum blockchain-focused company ConsenSys. “We can’t force people to run Ethereum in a decentralized way, but it will become worthless if they don’t.” Source link