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New data shows that Bitcoin (BTC) miners are hoarding more coins than at any time in the past five months, which could be a fresh signal that the current prices are not for selling. Analyzing its miner net position change indicator on Jan. 11, on-chain analytics firm Glassnode revealed what popular Twitter account Bitcoin Archive described as “massive” accumulation by miners. Miners show no desire to sell Bitcoin price may be disappointing spot traders this year, but long-time market… Source link

After years in the making, Litecoin’s MimbleWimble (MW) feature could be rolled out this month. Last week, Robbie Coleman, the Creative Director at the Litecoin Foundation, said MW is “now in the final code review.” Similarly, in December 2021, David Burkett, the Lead Developer on the project, gave his estimate for a January 2022 rollout. This time last year, Litecoin was ranked 5th with a market cap of $11.3 billion. One year later, it’s now ranked 24th with a market cap of $9… Source link

Bitcoin (BTC) fell slightly into the Wall Street open on Jan. 11 after the largest cryptocurrency failed to crack resistance above $42,000, but fresh comments from U.S. Federal Reserve chair Jerome Powell appear to be providing a boost to markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin squares off at support According to Powell, the United States is likely to remain in a low-interest environment for some time, a comment that stocks and risk-on assets like… Source link

What happened Many of the most-watched cryptocurrencies are seeing interest rebound today, as investors continue to digest macro data and adjust their portfolios according to the aggregate risk profile the market is comfortable with. Top tokens Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) appreciated 1.8% and 3.5%, respectively, over the past 24 hours as of 11 a.m. ET. These moves generally aligned with the overall crypto market, which surged 3%… Source link

Key Support levels: $3K – $2750 Key Resistance levels: $3,300 – $3,600 ETH’s downtrend is currently taking a break, with prices pausing just above $3,000. The sellers seem unable to push the cryptocurrency lower after the latest attempt yesterday briefly took the price to $2,926 (Bitstamp) before it recovered back above the key support. The resistance is found at $3,300 and appears quite far away at the time of this post. Before buyers have the confidence to put ETH on… Source link

Litecoin, LTCUSD can be in a new, higher degree wave »iv« correction after a completed intraday ending diagonal within wave (v) of »iii«, so keep an eye on the projected resistance in the 130-140 zone, from where we will have to be aware of a continuation lower for wave »v«. Litecoin 1h Elliott wave Analysis LTCUSD is breaking out of wave (4) triangle pattern in the 4-hour chart, which means that wave (5) can be now in progress with room down to around 100… Source link

Ethereum was a the first programmable blockchain, a platform where developers can build self-executing programs known as smart contracts. Since its launch, that technology has evolved into decentralized applications (dApps) and decentralized finance (DeFi) platforms, software that exists on a peer-to-peer network rather than centralized corporate servers. dApps prevent censorship and protect user privacy, and DeFi products make financial services more… Source link

The world’s two most valuable cryptocurrencies by market cap, Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH), soared in value 61% and 409%, respectively, in 2021. Investors are beginning to view these coins as legitimate assets to allocate a small percentage of their portfolios to.  Even with continued innovation in the crypto space and the slow progress toward mainstream adoption, I’m considering exiting my investments in Bitcoin and… Source link

In recent weeks, high inflation and rising bond yields have tempered enthusiasm for more speculative assets like cryptocurrency. And the Federal Reserve’s plan to hike interest rates three time in 2022 has added fuel to that fire, triggering the most recent crypto crash. In fact, the crypto market is now down about 35% from its all-time high. Of course, seasoned investors know that volatility is common when dealing with these digital assets. The… Source link

Ethereum (CRYPTO:ETH) climbed more than 400% last year. The world’s second biggest cryptocurrency impressed users and investors with its real-world utility — and promise of more to come. Ethereum is a leader in decentralized applications (dApp) and in the non-fungible token (NFT) marketplace. But Ethereum’s performance may be far from over. That’s because there’s a huge catalyst right around the corner. So, could Ethereum make you a fortune in 2022?… Source link