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Litecoin (LTC) has rebounded by 130% to almost $100 after bottoming out near $40.50 in June 2022. The primary reasons include broadly improving risk-on sentiment and euphoria around the Litecoin halving in August 2023. However, technicals suggest that LTC may wipe out most of these gains in the coming months. LTC price paints giant bear flag  Litecoin stands to pare its gains mainly due to a giant bear flag on the weekly char.  A bear flag is a bearish continuation pattern that occurs when… Source link

A widely followed cryptocurrency trader is urging traders to be cautious about an altcoin that has skyrocketed to a new all-time high this year. Despite Aptos’ (APT) “absolutely insane” triple-digit percentage point increase over the last two weeks, the pseudonymous analyst Kaleo tells his 559,500 Twitter followers that the smart contract-enabled blockchain is likely to sell off against the US dollar. According to Kaleo, Aptos is also likely to sell off heavily when paired… Source link

Polygon’s native MATIC token has soared 8.3% overnight to $1.08, as per CoinGecko data, while the overall crypto market cap has held steady above the key $1 trillion mark.  This makes Polygon the tenth-most valuable cryptocurrency with an overall market capitalization of $9.6 billion, above Solana with $745 million, but below Dogecoin with $11.8 billion.  Polygon is a collection of scaling technologies built to improve Ethereum’s scalability.  Prior to its rebrand, Matic Network focused… Source link

Bitcoin, the world’s largest cryptocurrency by market capitalization, rose 9.89% from Jan. 20 to Jan. 27, to US$23,003 at 4:30 p.m. on Friday afternoon in Hong Kong. Ether gained 2.26% in the same timeframe, to change hands at US$1,582. “The rally is driven by a broader sentiment in the financial markets. The belief is that inflation has peaked and the economic slowdown will force the Fed to soften its stance on interest rates. This might result in 1 or 2 quarters without any rate hike… Source link

Bitcoin was up and Ether was down during Asian trading hours on Friday as most of the top coins fell slightly. Polygon’s MATIC saw the biggest gains among the top 10 non-stablecoin cryptocurrencies by market capitalization. See related article: A series of events: Crypto’s 2022 timeline Fast facts Bitcoin gained by 0.08% to US$23,003 in the 24 hours to 4:30 p.m. in Hong Kong. Ether was down 1.45% to US$1,582, according to CoinMarketCap data. MATIC extended its rally with a 9.07% surge to… Source link

Economist and crypto trader Alex Kruger is expressing bullish sentiment toward Bitcoin (BTC), saying that the king crypto could mount a massive rally in 2023. Kruger tells his 150,800 Twitter followers that the top crypto asset by market cap could rally up to $35,000, a jump of around 52% from current levels, before a correction occurs. According to Kruger, such a rally by Bitcoin would be in line with how markets normally work. “Breaking through $30,000 then pulling back would… Source link

NAB, the 2nd largest bank in Australia, is launching a stablecoin on Ethereum (ETH) that will be used to facilitate payments and other financial transactions. Elsewhere in the industry, Bitcoin (BTC) is showing promising price increases in the midst of a bear market which is hopefully showing signs of ending whilst Orbeon Protocol (ORBN) is pushing forward with its presale, where millions of tokens have already been purchased. >>BUY ORBEON TOKENS HERE<< Ethereum (ETH) Ethereum… Source link

Canada-based Bitcoin (BTC) miner Hut 8 Mining Corporation has ramped up its ongoing fight with its power supplier for one of its mining sites, filing a lawsuit in a Canadian court. Hut 8 said on Jan. 26 it filed a Statement of Claim in the Superior Court of Justice of Ontario against Validus Power, an energy supplier for a Hut 8 mining facility in North Bay, Ontario. The firms have been in an ongoing dispute since early November 2022 due to what Hut 8 alleges is a failure by Validus to “meet… Source link

A senator in the U.S. state of Arizona has introduced a set of cryptocurrency bills, one of which seeks to make bitcoin legal tender. “Centralized digital money controlled by the central bankers is slavery. Decentralized bitcoin is freedom,” the lawmaker said. Arizona Lawmaker Wants to Make Bitcoin Legal Tender Arizona State Senator Wendy Rogers has introduced several crypto-related bills, including one to make bitcoin legal tender in her state. “Launched my crypto bills… Source link

Good morning. Here’s what’s happening: Prices: GDP cooled. Jobless claims sank, underlining the current tight job market and an economy that was still rising. But bitcoin and other cryptos were largely unimpressed by the latest data. Insights: Litecoin has operated largely out of the spotlight, even as its price has held up better than other cryptocurrencies. Prices CoinDesk Market Index (CMI) 1,078.95 −14.7 ▼ 1.3% Bitcoin (BTC) $22,892 −322.5 ▼ 1.4% Ethereum (ETH) $1,582 −41.5 ▼… Source link