Bitcoin Cryptocurrency Bitcoin Ethereum Litecoin Monero

“Currently, stablecoins are only used on crypto exchanges, not in mainstream payments systems. But it isn’t necessary to make them legal tender for them to be used for mainstream payments. The U.K. has a fast, cheap, comprehensive e-payment system to which banks are the gateways. The vast majority of payments in the U.K. use this system. Newer technologies such as PayPal can also be used for many retail purchases.” (CoinDesk columnist Frances Coppola) … “The week of the terraUSD (UST)… Source link

Ethereum seems to be running low on gas as it edges towards capitulation. Recent weeks have been nothing but a stain on the vision endorsed by Buterin and his team. The altcoin king dropped to a 14-month low over the weekend as it continues to struggle. “Far from home” The Ethereum community was perplexed after learning that ETH dropped to $1,724 over the weekend. This is its lowest value in the past 14-months which only adds to the downswing observed in recent months. A Santiment tweet… Source link

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All altcoin speculators eye Ethereum’s price behavior, due to its role as the second-largest cryptocurrency and the top altcoin besides Bitcoin. Technical Analysis Technical Analysis By  Grizzly Key Support Levels: $1700 & $1500 Key Resistance Levels: $2200 & $2400 The Daily Chart Based on the following candlestick chart, ETH is struggling at a descending line (marked blue) that has provided both support and resistance for more than a year. It is critical that this line,… Source link

Finding good cryptocurrencies to invest in is difficult since it requires actively researching many tokens before you stumble upon that rare gem. Investing in a single token is risky so it is always better to find more than one coin for diversification of the portfolio. We have identified three cryptocurrency tokens that could potentially provide 10X gains if you manage to accumulate huge quantities at the right price. Mehracki (MKI) Token is built around travel,… Source link

Monero achieves a low risk analysis based on InvestorsObserver research. The proprietary system gauges how much a coin can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk. InvestorsObserver is giving Monero a low… Source link

Just when you think you have seen enough, Bitcoin comes back again to surprise you. The crypto ‘Big Brother’ is smothering around the $29,000 zone and the future looks bleak at the moment. Bitcoin is about to end the ninth week on the bounce in losses as the larger crypto market continues to take hits. The downward pressure on crypto since the turn of 2022 has resulted in major crypto losses. Around $1 trillion has already been marked off in the time frame as major cryptocurrencies… Source link

A 0.0 correlation coefficient signifies uncorrelatedness, and it’s either rather easy or rather difficult to imagine (unless you have a chaotic mind). Either all the numbers in the data sets are exactly the same, a constant, which is mathematically defined as undefined correlation, or the data set looks like utter chaos. Actually creating an arbitrary dataset with zero correlation is not easy (except for the boring orthogonal case), so I included the boring data set and an illustration of… Source link

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don’t Know How To Explain It” by Aaron Sprinkle. Image credit: Craig Hastings/Getty Images, modified by CoinDesk. Join the… Source link

Bitcoin (BTC) threatened to continue an unprecedented losing streak on May 29 as BTC/USD stayed in a right intraday range. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Stocks correlation offers no comfort to BTC bulls Data from Cointelegraph Markets Pro and TradingView flagged the largest cryptocurrency heading for nine weeks of downtrend in a row — the most in history. Already at a dubious record, Bitcoin’s weekly chart closes provided the backdrop to weakness that continued to… Source link