The Cryptoverse: Teenage bitcoin throws an interest rate tantrum

Illumination of the stock graph is seen on the representations of virtual currency Bitcoin in this picture illustration taken March 13, 2020. REUTERS/Dado Ruvic Register now for FREE unlimited access to Reuters.com Register Jan 25 (Reuters) – Bitcoin is growing up. The original cryptocurrency turns 13 this year and is showing signs of becoming a more mature financial asset – but watch out for the teenage tantrums. This drift towards the mainstream, driven by the big bets of institutional… Source link

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‘Stop panic selling’ — Bitcoin whales bag spare BTC as exchange balances fall

Bitcoin (BTC) is being aggressively bought up at prices near $30,000 as bidders begin to soak up liquidity from short-term sellers. Data from on-chain monitoring resource CryptoQuant shows that as of late December, Bitcoin exchanges have begun to shed their BTC reserves once more. BTC conspicuously attractive at current levels After a period of traders sending BTC to exchanges, possibly to sell or to have on the side to divest away from further losses, exchanges are now seeing larger overall… Source link

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Monero and the complicated world of privacy coins

Monero is a cryptocurrency like Bitcoin, but where Bitcoin zigs, Monero zags. Initially released in 2014, Monero (also known as XMR) is a type of cryptocurrency often referred as a “privacy coin”; it has been built first and foremost with privacy in mind. Compared to something more public and traceable like Bitcoin, Monero (currently valued at approximately $137 USD per coin) uses a technology suite to obscure transactions and is generally considered far more “anonymous” than its more… Source link

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Why is Bitcoin crashing? Your crypto crash questions, answered.

It’s been a tough few days for cryptocurrency investors, though they should be used to it by now. The months-long decline of cryptocurrencies like Bitcoin and Ethereum has been accelerating in recent days, with prices now reaching six-month lows, wiping out billions of dollars in value. Here’s what you need to know about the cryptocurrency price crash. How bad is it? Cryptocurrency prices have been declining since November, and investors are now going on a selling spree… Source link

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Stock selloff hits Bitcoin and other cryptos

‘Coin Stories’ podcast host Natalie Brunell discusses Bitcoin amid cryptocurrency selloff and the Federal Reserve eyeing rate hikes. Bitcoin prices mirrored U.S. stocks in Monday’s sharp selloff.  The largest crypto currency by market value traded near the $30,000 level before bouncing off that low.    The S&P 500 slipped into a correction on Monday, following the Nasdaq Composite which traded deeper into its own. The Dow Jones Industrial Average, at one point, was off by over 1,000… Source link

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Analysts say Bitcoin’s bounce at $36K means ‘it’s time to start thinking about a bottom’

Bears remain in full control of the cryptocurrency market on Jan. 24 and to the shock of many, they managed to pound the price of Bitcoin (BTC) to a multi-month low at $32,967 during early trading hours. This downside move filled a CME futures gap that was left over from July 2021. Data from Cointelegraph Markets Pro and TradingView shows that the $36,000 level was overwhelmed in the early trading hours on Monday, leading to a sell-off that dipped below $33,000 before dip buyers arrived to… Source link

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Bitcoin Short-Term Bounce Faces Resistance at $40K – CoinDesk

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

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Why Bitcoin, Ethereum, Dogecoin, and Solana All Plunged Monday Morning

What happened A crypto crash that began Friday afternoon continued over the weekend and picked up the pace on Monday morning. It didn’t help that the stock market was down big with growth stocks taking another step lower.  As of 11 a.m. ET, Bitcoin (CRYPTO:BTC) was down 1.8% in the last 24 hours, Ethereum (CRYPTO:ETH) was down 5.9%, Dogecoin (CRYPTO:DOGE) was down 1.4%, and Solana (CRYPTO:SOL) had fallen 9.9%.  What’s crazy to look at is the day’s… Source link

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This Crypto Will Be the Ethereum of 2022

Several cryptocurrencies are emerging to take on the king of the hill, Bitcoin. Ethereum‘s (CRYPTO:ETH) trading price rose 408% in 2021. Investors like Ethereum as a viable competitor to Bitcoin because of its faster transaction speeds and its large ecosystem of decentralized applications (dApps), which are programs that run on blockchains.  But there is another up-and-coming crypto starting to show promise. NEAR Protocol (CRYPTO:NEAR) rose 984%… Source link

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Litecoin, Stellar, NEAR Price Analysis: 24 January

While altering the broader sentiment is still only a wish for the bulls, the near-term technical indicators of Litecoin, Stellar and NEAR continued to flash a selling bias after touching their multi-month lows. Stellar and NEAR bullishly diverged with its 4-hour RSI but they need higher volumes to sustain a rally. Litecoin (LTC) Source: TradingView, LTC/USDT The sellers took on the initiative after the bulls lost the vital $143-resistance (previous support) on 5 January. LTC managed to… Source link

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