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Vladislav Sopov Crypto enthusiasts demonstrated some stats to explain why protocol is heavily undervalued as money transfer instrument Contents From gift cards to darknet: Monero (XMR) use in payments is on fire Unchallenged privacy of Monero (XMR) Australian crypto enthusiast John Foss, the author of The Monero Moon newsletter, shares statistical metrics to show how Monero (XMR) becomes increasingly popular for all types of money transfers. From gift cards to darknet: Monero (XMR) use… Source link

Bitcoin (BTC) meandered into the weekly close on July 3 after weekend trading produced a brief wick below $18,800. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bollinger bands signal volatility due Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it stuck to $19,000 rigidly for a third day running. The pair had gone light on volatility overall at the weekend, but at the time of writing was still on track for the first weekly close below its prior halving… Source link

Litecoin price analysis reveals that the cryptocurrency is currently in a bearish trend after a strong sell-off. LTC prices are down by almost 7% in the last 24 hours and are currently trading at the $49.98 mark. The cryptocurrency had earlier found support at $49.67 but was unable to sustain the prices and witnessed a sell-off. The LTC/USD pair is currently facing resistance at $50.85 and a break above this level would result in a move to $51.50. The Litecoin market has been quite volatile… Source link

Bitcoin (BTC) has been moving in the opposite direction of the U.S. dollar since the beginning of 2022 — and now that inverse relationship is more extreme than ever. Bitcoin and the dollar go in opposite ways Notably, the weekly correlation coefficient between BTC and the dollar dropped to 0.77 below zero in the week ending July 3, its lowest in seventeen months. Meanwhile, Bitcoin’s correlation with the tech-heavy Nasdaq Composite reached 0.78 above zero in the same weekly session, data… Source link

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Roc Canals/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8. Source link

Ethereum price drops lower as this week’s loss pairs back the gains from last week. ETH price is set to continue its decline going into next week. With the summer, the cash exodus continues, and ETH price is at risk of falling toward $570. Ethereum (ETH) price is frustrating traders trying to target any break below $1,000 to catch the price action and be part of a rally that will swing them back to all-time highs into next year. However, that is not how it works in… Source link

Briefs on the latest Ethereum Consensus Call have been released. It includes important notifications about the network and its progress toward the Merge. The Merge awaits Christine Kim, a research associate at Galaxy Digital, compiled a brief about the latest Consensus- Layer Call held on 30 June. The meeting was attended by several core Ethereum developers discussing the latest developments on the network. A quick thread summarizing my notes on yesterday’s Ethereum… Source link

The Ethereum (ETH) ecosystem’s biggest roadblock to mainstream dominance is often attributed to the extremely high transaction fees or gas fees it requires to complete a transaction. However, with Ethereum’s average gas fees coming down to 0.0015 ETH, the narrative is set to change.  The average transaction fee on the Ethereum blockchain fell down to 0.0015 ETH or $1.57 — a number previously seen in December 2020. However, starting in January 2021, Ethereum’s gas fees surged owing to… Source link

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. Just a week ago, Litecoin [LTC] rallied to the $61 level but faced rejection there. This was a bearish development, especially for long-term investors. The market structure continued to remain bearish, and the psychological $50 level has been defended in the past few days. However, selling pressure began to climb once… Source link

A popular analyst who accurately predicted the recent market downturn is setting new price targets for four major crypto assets. Pseudonymous crypto trader Capo, who back in March sounded the alarm that several top cryptos were likely to fall by 50%, now tells his 423,200 Twitter followers what’s next for Bitcoin (BTC), Ethereum (ETH), Cardano (ADA) and Solana (SOL). “Some interesting levels: BTC: $15,800 – $16,200 ETH: $650 – $750 ADA: $0.29 – $0.32 SOL: $18.00 –… Source link