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The bitcoin-British pound (BTC/GBP) pair listed on major cryptocurrency exchanges, including Bitstamp and Bitfinex, is more active than ever. Analysts, however, are divided on whether the surge stems from investors switching to the largest cryptocurrency to protect against the sterling slide or from traders looking to profit from the volatility. Source link

The bear market is separating the wheat from the chaff. Uniglo (GLO), an Ethereum-based social currency providing a long-term store of value, has rallied 45%, leaving crypto giants Litecoin (LTC) and Avalanche (AVAX) in the dust. The prevailing market conditions have amplified Uniglo’s value proposition, and investors looking to diversify and protect against further market downturn are partaking in this new ICO (Initial Coin Offering). Uniglo (GLO) Uniglo’s… Source link

Chiliz (CHZ) and Litecoin (LTC) have no way of exiting the pressure currently dominating the financial markets. Anticipation for the Federal Reserve’s rate decision triggered a 200-point dent in the Dow Jones and sent the majority of crypto altcoins on retreat. Investors scouting for a new base have found safety in The Hideaways (HDWY). Set to become one of the most successful crypto launches this year, HDWY is expected to end the year with a 6,000%… Source link

Bitcoin (BTC) traders lay in wait for fresh volatility on Sept. 29 as BTC/USD cooled near $19,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Volatility absent a day before the monthly close Data from Cointelegraph Markets Pro and TradingView charted a calm overnight phase for the largest cryptocurrency, which hit intraday highs above $19,600 the day prior. Those 6% gains were a welcome relief after heavy losses earlier in the week, but it no clear direction, market… Source link

Litecoin price had been staggering too, just like other major altcoins in the market. Over the last 24 hours, however, LTC moved up on its chart by 2.4%. The bulls have yet to steady themselves on the one-day chart. Over the last week, LTC gained almost 3%. This indicated that the coin has not made any such considerable movement on its chart. The bears were in charge of the altcoin, as indicated by the technical indicators. There is a significant immediate… Source link

Three weeks ago, before the U.S. central bank raised interest rates a hawkish 75 basis points, before bond yields rose to 15-year highs and the British pound tanked, before the Dow Jones Industrial Average sank into bear market territory, Russia escalated its unprovoked invasion of Ukraine and the prospects of a severe global recession increased exponentially, the largest cryptocurrency by market capitalization was trading above $19,000. Source link

“If the stock market rally is able to overcome hard landing fears, that should provide a nice backdrop for cryptos,” Edward Moya, senior market analyst at OANDA, wrote in a Wednesday note. “This broad risk-on rally doesn’t seem like it has legs to stand on, but this bounce could last a little longer.” Source link

LONDON, Sept 28 (Reuters) – Trading volumes between the British pound and the cryptocurrency bitcoin spiked to a record high after sterling dropped on Monday, according to market data firm Kaiko Research, in what analysts said was likely a rush by investors to dump their sterling for the digital asset or profit from arbitrage. The pound fell to a record low against the dollar on Monday, having plunged the previous Friday after the UK government announced unfunded tax cuts . read more The… Source link

Bitcoin (BTC) staged a welcome comeback after the Sept. 28 Wall Street open as bulls faced off with whale-sized sellers. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Whales lie in wait at $20,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD gaining over $1,000 on the day to see highs of $19,656 on Bitstamp. The move characteristically copied an uptick for United States equities, with the S&P 500 and Nasdaq Composite Index up 1.5% and 2.2%, respectively. Now,… Source link

Picture this: You are an Ethereum miner, and for almost ten years your nine-to-five has been the same: wake to the sound of industrial wheezing in your backyard, scarf down a quick breakfast of heavily contaminated Cinnamon Crunch, take an asthmatic jog ‘round the polluted freshwater lake, then head back to the garage where the machines are kept, and where you tend to their inscrutable whims—lest they decline to compensate you with precious ETH. Having carried on like this for years, you… Source link