Bitcoin (BTC)  price remained relatively flat over the weekend, inching closer to $34,000 on July 11. Nevertheless, BTC/USD has tumbled by almost 50% from its all-time high, near $65,000 in mid-April. But the massive downside move has not deterred investors from betting on the digital asset’s long-term bullish outlook. According to one of the Glassnode metrics, dubbed as Liveliness, the Bitcoin market has been noticing a shift in long-term investors’ “macro hodling behavior.” Hodling… Source link

Advertisement &nbsp &nbsp The cryptocurrency ecosystem is always an environment for hot topics. So when popular crypto trader and investor “CryptoDonAlt” took to Twitter to open the floor for a conversation centering Litecoin’s performance over the years, the community responded in excitement as many dropped their two cents; some of which are objectively thought-provoking. Has Litecoin reached peak? Litecoin, as observed by the investor, has been… Source link

Ethereum (CRYPTO:ETH) has had an outstanding year so far, but as new investors start to explore the sometimes strange and confusing world of cryptocurrency, there’s potential for missteps. One such plausible mistake is buying Ethereum Classic (CRYPTO:ETC) when attempting to buy standard Ethereum. No, it’s not “cheaper” Ethereum — the once-unified coins have very different levels of support and roadmaps ahead. Here’s what you need to know. Image… Source link

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Ethereum Ethereum rose by 1.47% on Friday. Partially reversing an 8.66% tumble from Thursday, Ethereum ended the day at $2,147.38. A mixed start to the day saw Ethereum slide to an early morning intraday low $2,050.00 before making a move. Steering clear of the first major support level at $2,026, Ethereum rallied to an early afternoon intraday high $2,189.28. Falling short of the first major resistance level at $2,267, Ethereum fell back to $2,121 levels before steadying. At the time of writing,… Source link

Cryptocurrencies traded higher on Friday after a volatile week. Bitcoin was holding above $33,000 support at press time and is roughly flat for the week. Technical charts suggest buyers will remain active above $30,000, although upside momentum is starting to slow heading into the weekend.  “The possibility of price action dropping into the mid-$20,000 range is alive, but traders looking for a retest of previous all-time highs will likely be disappointed,” Sean Rooney, head of research… Source link

It’s turning out to be a boring summer for directional traders in the bitcoin market: The cryptocurrency has gone comatose in a narrow range above $30,000, less than half the all-time high reached just two months ago.  But some options traders are busy as ever, taking relatively high-risk strategies to profit from the cryptocurrency’s continued price consolidation. One of those strategies involves putting on “short strangles,” essentially a bet that bitcoin’s price won’t break… Source link

Cryptoculture Cryptocurrencies are best understood by examining the community structure and cultural values they exhibit, rather than the economic activity they create. Cryptocurrencies are really “cryptocultures” and these cultures are many, a plurality. I define a cryptoculture as an open source community with its own micro-economy. Each culture embeds its values into their blockchain. It’s a sociotechnical arrangement: The values and technology are mixed up with one another. Dr. Paul… Source link

Bitcoin goes into the typically low volume weekend with a sense of relief after it finally managed to climb above the $33,000 level of resistance on Friday. The apparent breakout follows a frustrating 24-hours in which the world’s largest cryptocurrency failed to conquer $33,000 despite five meaningful attempts. Attention will now turn to where Bitcoin futures will close on CME at 11pm UTC this evening. A close above $33,400 should signal that the cryptocurrency market will be relatively… Source link

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