Bitcoin Cryptocurrency Bitcoin Ethereum Litecoin Monero

Bitcoin [BTC] mining emerged as a controversial yet profitable industry. The mining rewards that came with the process lured an array of individuals and entities into the market. However, the immense backlash toward the mining community has driven away several members of the industry. Chinese miners however remain unfazed by the ban on crypto and continued underground mining. The hype around mining is real. But have you ever wondered how long it takes to mine one Bitcoin? Mining… Source link

Litecoin receives an average long-term technical score of 63 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. LTC currently holds a superior long-term technical… Source link

Litecoin currently ranks at the #20 position amongst the cryptocurrency leaders, with a market capitalization of $4,007,975,537 based on its circulation volume of 70,795,593.78 LTC tokens. Still, 16% of LTC tokens remain out of the circulation market. Litecoin was pronounced a brother to Bitcoin with some definite improvements but remained the only token to continue with its pure cryptocurrency code without any fork or technical modifications. Litecoin has a plethora of offerings to serve… Source link

Bitcoin fell below $22,000 to start the new trading week, as sentiment in crypto markets seems to have turned bearish. The world’s largest token saw recent price declines extended on Monday, with ethereum also experiencing similar downwards momentum. The global market cap is down over 3% as of writing. Bitcoin Bitcoin (BTC) prices were once again in the red during today’s session, as prices fell below $22,000 to start the week. The world’s largest cryptocurrency fell to an… Source link

Key Takeaways Crypto and global financial markets are bracing for a busy week ahead of the next FOMC meeting, major earnings reports, and the Q2 GDP report.  Bitcoin and Ethereum trended down early Monday and look poised for volatility over the next few days.  The top two crypto assets are currently sitting on vital support. Share this article Uncertainty is mounting around Bitcoin and Ethereum ahead of this week’s Federal Open Market Committee. Furthermore, upcoming earnings… Source link

“With the VIX at 23, it is currently at its lowest level this year, heading into an FOMC (Federal Open Market Committee) meeting, which I find bizarre,” Michael Kramer, founder of Mott Capital Management, wrote in a market update published Sunday, adding that the positioning makes assets vulnerable to a potential Fed shock. Source link

Ethereum registered an appealing 12% pump during the weekend. From a local low of $1488, ETH rallied up to $1664. However, as soon as the Asian markets started trading on Monday, the alt registered a streak of 6 red candles on the hourly, translating into a 10% dip. After visiting lows of $1498.95, Ethereum was back to consolidating above $1500 at press time. Over the last couple of hours, ETH has been trying to break past $1530 but has been rejected several times. Source: TradingView

A new Bitcoin whale emerged in the crypto market by amassing a large fortune of $3 billion BTCs. The unidentified whale first came to light on July 15, 2022, and mostly remained on the sidelines for three days. However, the mysterious wallet picked up its first lot by purchasing 15,499 Bitcoins worth $345.9 million on July 19th. The whale ramped up the purchases by adding another bag of 45,499 Bitcoin worth $1.06 billion to its wallet on July 20th. On July 21, the whale received 71,879 BTC… Source link

Bitcoin traded in the green last week, sending signals of a market recovery. Even JP Morgan, which previously predicted that the bear market was here to stay, reported that the downturn might end. However, Bitcoin and the cryptocurrency market generally have their way of defying sentiments by moving in the opposite direction when least expected. BTC is being rejected at $23,000, sliding back to $21,000, and is yet to break out in the indices. Crypto analyst Kevin Svenson revealed that the… Source link

Bitcoin (BTC) enters a new week with a question mark over the fate of the market ahead of another key United States monetary policy decision. After sealing a successful weekly close — its highest since mid-June — BTC/USD is much more cautious as the Federal Reserve prepares to hike benchmark interest rates to fight inflation. While many hoped that the pair could exit its recent trading range and continue higher, the weight of the Fed is clearly visible as the week gets underway, adding… Source link