Like most cryptocurrencies, Litecoin (LTC 4.10%) took some drastic price cuts in the first half of 2022. As investors and regulators struggled to manage an inflation-soaked global economy, the Litecoin token fell 64% between the New Year and the end of June. That correction was a bit sharper than Bitcoin‘s (BTC 1.73%) 57% price drop and far behind TRON, which only fell 17% lower in that period. But it was too early to count Litecoin out in the middle of summer. The cryptocurrency has staged… Source link

sponsored As winners of the ETH hackathon in 2021, the Hackless team is now releasing the beta version of Anti-Sandwich – a gateway to safe and efficient swapping of crypto assets, avoiding public mempools and consequently, getting ‘sandwiched’. The solution has already proved effective for a play-to-earn platform and is now open to a wider audience. The risks of DeFi Financial freedom is simultaneously the biggest groundbreaker and risk of DeFi. Transition to decentralised… Source link

‘They will come to a bad ending’: Just over a year since its $69K peak, Bitcoin has plummeted more than 70% — here’s why Warren Buffett has hated cryptocurrency all along It’s been a tough year for Bitcoin and its backers. Even back in 2018, the Oracle of Omaha himself predicted that it and other cryptocurrencies were headed for trouble. “They will come to a very bad ending,” Warren Buffett told CNBC at the time. After hitting an all-time peak of around $69,000 per unit on November 10, 2021,… Source link

‘They will come to a bad ending’: Just over a year since its $69K peak, Bitcoin has plummeted more than 70% — here’s why Warren Buffett has hated cryptocurrency all along It’s been a tough year for Bitcoin and its backers. Even back in 2018, the Oracle of Omaha himself predicted that it and other cryptocurrencies were headed for trouble. “They will come to a very bad ending,” Warren Buffett told CNBC at the time. After hitting an all-time peak of around $69,000 per unit on November 10, 2021,… Source link

Longer-term Ethereum chart shows price action underpinned after dismal 2022 led by surging inflation. ETH seasonality shows June and September as the best time to buy. Ethereum price action should benefit from energetic efficiency after the Merge. Legal framework adoption shows acceptance of cryptocurrencies. CME Futures data points to equilibrium between buyers and sellers, while interest has never been that big before. All bits and pieces together added up point… Source link

Bitcoin (BTC) divided traders yet again on Dec. 21 as sideways BTC price action split opinion on the future. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $17,500 becomes popular BTC price targe Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it acted within a tight range just below $17,000. A single brief spike above the $17,000 mark failed to last, the pair returning to familiar territory from the past week. For popular traders, there was a lack of… Source link

The Bitcoin–(BTC 1.73%)-versus-gold debate is heating up again after Wall Street investment bank Goldman Sachs (GS 0.20%) released a new research note documenting all the reasons it views gold as a better investment than Bitcoin. With Bitcoin down about 64% for the year, it’s easy to see why Goldman Sachs has soured on the cryptocurrency.  As Goldman Sachs argues, there is simply too much speculation and volatility surrounding Bitcoin. On top of that, the original cryptocurrency has failed… Source link

The cryptocurrency market is known for its volatility. We’ve seen the market demonstrate this over and over in the year 2022, with significant occurrences like the Luna crash, the Tornado cash saga, and the most recent happening in November, the FTX saga. Market prices are still down over 80% of their all-time high, and investors need more consideration to put their money into crypto projects. This article highlights the top five cryptocurrencies to invest in in 2022. These tokens are most… Source link

One of the largest US-listed bitcoin miners has filed for bankruptcy as companies battle falling token prices and rising costs for the energy-intensive business of churning out cryptocurrencies. Core Scientific filed for Chapter 11 bankruptcy protection in Texas, where it is based, on Wednesday. The company said it planned to keep operating and producing bitcoin while it hammered out a restructuring deal with its lenders and creditors. The Nasdaq-listed crypto miner is a constituent of… Source link

While the bear market is still in full swing, several experts are currently discussing when the “flippening” will happen. Flippening is described as the scenario where another cryptocurrency overtakes Bitcoin (BTC) in terms of market capitalization. Ethereum is considered the most likely option by many crypto investors – including Jordi Alexander, CIO of Selini Capital. In an interview with Crypto Banter, Alexander said that he’s not really a proponent of the flippening, but… Source link