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On the other hand, the Fed also might move to tamp down inflation by tightening monetary policy, which could crimp economic growth and put downward pressure on stock prices and, lately, bitcoin has been unusually correlated with stocks. The last time the U.S. saw inflation at the current, elevated levels was in the early 1980s, and the Fed, then led by Paul Volcker, raised the benchmark interest rate to nearly 20%. Source link

While crypto regulation continues to heat up, the spotlight is starting to shine more on players like Monero (XMR-USD). The Monero network provides one of the industry’s largest and most popular privacy coins. As a result of this offering, the XMR crypto has fallen under scrutiny by more wary crypto regulators and bears. At the same time, though, Monero fans harbor similar feelings toward the centralized bodies driving crypto legislation and broader adoption. Today, we see this… Source link

Toni M/iStock via Getty Images Thesis Ethereum (ETH-USD) is at the center of decentralized finance, smart contracts, NFTs, and other fast-growing trends. I believe that these trends will support long-term price appreciation in Ethereum. However, a key part of the Ethereum story at this point is the consensus layer upgrades, which add short-term risk due to the technical complexity of implementing changes such as proof of stake. This risk will decrease over time, thanks in part to testing… Source link

Key Takeaways Bitcoin has dropped by more than 20% over the past two weeks.  Likewise, Ethereum has retraced by 19.5% since Apr. 3. Both assets have reached critical areas of support.  Share this article Bitcoin and Ethereum kicked off the week in a negative posture. Although prices have rebounded over the last few hours, both cryptocurrencies appear to be hanging by a thread. Bitcoin at Vital Support Bitcoin sits on top of one of the most vital support areas on its trend, as whales… Source link

InvestorsObserver analysis gives Monero an average risk assessment. The proprietary scoring system calculates how much money was required to move the price over the past 24 hours with changes in volume and market capitalization to discover if a crypto can potentially be easily manipulated by limited trading activity. Low values representing high risk while high scores equate to low risk based on a 0 to 100 range. InvestorsObserver is… Source link

Some Monero aficionados are organizing an XMR “bank run”, which they dubbed as Monerun. This is their reaction to what they perceive as a lack of transparency around Monero, including claims that central exchanges are halting XMR withdrawals and misrepresenting reserves. The activity demonstrates that the Monero community are fed up with centralized exchanges. Planned activity The move was detailed through a plan which was first posted on Reddit on Thursday by a user named… Source link

The Ethereum Foundation treasury has $1.3 billion in Ethereum, $300 million in non-crypto investments, and another $11 million in other cryptocurrencies, according to a 2021 financial report released today. As of March 31, 2022, the foundation’s Ethereum holdings amounted to nearly 3% of the entire ETH supply.  The foundation regularly announces grant spending and donations on its blog, but this is the first time it has published an annual financial report. As the network matures, the… Source link

Image: Ulrich Baumgarten/Contributor Community members for privacy-focused cryptocurrency Monero are planning to simultaneously withdraw their holdings from a series of exchanges in an effort to prove that the exchanges are selling Monero that they don’t actually possess. The self-described “Monerun”—as in bank run—is planned for Monday 18 April, which is also Monero’s 8th birthday.  “April 18th. We’re withdrawing XMR from exchanges. Any exchange that hasn’t disabled withdraws… Source link

Bitcoin (BTC/USD) Analysis Aggressive Fed rate hike hopes, strong dollar weighs on bitcoin Key Highlights BTC declined below $40,000 on long liquidation in the futures market. The strength in the US dollar in hopes of aggressive rate hikes has also put pressure on risky assets like Bitcoin. Technical Analysis Intraday trend – Bearish On the daily chart, the pair is trading below Tenken-Sen ($41334), Kijun-sen ($43726), and Ichimoku Kumo cloud ($40956). Bitcoin hit an intraday low of $38,547 and is… Source link

Popular crypto analyst Michaël van de Poppe is predicting rallies in XRP and Litecoin (LTC) and says one key metric will spark the next big bull phase of the digital asset markets. The analyst tells his 584,000 Twitter followers that XRP appears to be compressing in its Bitcoin pair (XRP/BTC), coiling up for a breakout. “This chart looks so similar to the previous cycle in 2014 and 2017. Seems like we’re going to have that big run on XRP again. The more the chart squeezes,… Source link