Bitcoin

‘Cryptocurrency Investing for Dummies’ author Kiana Danial provides insight into the cryptocurrency sell-off.  Bitcoin continued bouncing between losses and gains dipping as low as the $40K level over the past 24 hours before moving back above the $43K level midday.    (Courtesy: Coindesk ) The volatility in crypto trading continued even as U.S. stocks moved to recover some of the losses from Monday’s China-driven selloff.  Ticker Security Last Change Change % I:DJI DOW… Source link

The digital currency has dropped 5.7% in the last 24 hours, and was trading at $42,955 per coin as of 2:43 am ET on Tuesday, according to cryptocurrency tracker Coindesk. Earlier, it was down as much as 12%. Other cryptocurrencies are tumbling, too. Ethereum and dogecoin have each declined 4.4% and about 6%, respectively, in the past 24 hours. The fall followed a major drop in US stocks on Monday, as Wall Street’s fears turned to China. Investors have been uneasy over the deepening crisis of… Source link

The chart below shows DeFi tokens are fairly correlated with each other, but the correlation with ETH is relatively weak. “ETH had its monster rally earlier this year while DeFi lagged, which explains this phenomenon,” Delphi Digital, a crypto research firm, wrote in a blog post. Source link

The total crypto complex was down over $200 billion on Monday, and bitcoin was registering solid losses, imperiling a potential bullish formation in the charts for the world’s No. 1 digital asset. At last check, bitcoin BTCUSD, -1.53% was more than 7% lower at about $44,376.50, and off 16% from an its early September peak. A recent uptrend for bitcoin had put the asset on the verge of a so-called golden cross, where the 50-day moving average… Source link

Text size Bitcoin cryptocurrency. OZAN KOSE/AFP/Getty Images Bitcoin and other cryptocurrencies slumped Monday as assets… Source link

Bitcoin.com, in line with its vision to support ‘economic freedom,’ is refocusing its efforts on non-custodial, or ‘self hosted,’ crypto products, including exchange. Therefore, the Bitcoin.com Wallet, which is fully non-custodial and provides users with direct access to public blockchains like Bitcoin, Bitcoin Cash, and Ethereum will be the company’s flagship product going forward. What’s the non-custodial model? When you take possession of your assets, it means there’s… Source link

The greenback is rising ahead of the Fed meeting, reflecting a flight to safety and speculation the central bank would signal October or November taper. The dollar index, which tracks the currency’s value against major fiat currencies, has jumped to a one-month high of 93.34, extending a two-day winning streak, according to TradingView. Source link

Bitcoin price failed once again to clear the $48,500 resistance zone against the US Dollar. BTC is declining and it could even decline below the $46,200 support zone. Bitcoin started a fresh decline after it failed to surpass the $48,500 resistance zone. The price is still trading below $47,500 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $48,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could… Source link

Bitcoin’s hashrate has been climbing higher during the last two weeks, hitting 174 exahash per second (EH/s) on two occasions since June 28. Currently, Bitcoin’s network hashrate is coasting along at 158 EH/s, up 128% since the low 83 days ago when it hit 69 EH/s. Meanwhile, unknown hashrate has subsided a great deal as 96% of the mystery miners recorded at the end of June have disappeared. Bitcoin Hashrate Gathers Strength Since the End of June Approximately 83 days or over two… Source link

One of the reasons behind Bitcoin’s (BTC) volatility, the substantial price oscillations that occur regularly, is the discrepancy of its use cases. Some pundits deem it “digital gold,” a truly scarce and perfect store of value (SoV). Others consider Bitcoin a technology project or a type of software with a corresponding network. El Salvador’s adoption as legal tender will likely evidence the means of exchange (MoE) functionality that the Lightning Network provides. The Layer-2 scaling… Source link