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Bitcoin (BTC) may end up falling to as low as $30,000 if the U.S. inflation data to be released on Wednesday comes any higher than forecasted, warns Alex Krüger, founder of Aike Capital, a New York-based asset management firm. The market expects the widely-followed consumer price index (CPI) to rise 7.1% for the year through December and 0.4% month-over-month. This surge highlights why the U.S. Federal Reserve officials have been rooting for a faster normalization of their monetary policy… Source link

An explosion in the growth of crypto networks vying to take market share from Ethereum is unlikely to threaten the dominance of the world’s most used blockchain, according to Joey Krug, co-chief investment officer at digital-asset investment firm Pantera Capital. “If you roll the clock forward 10 to 20 years, a very sizable percent, maybe even north of 50%, of the world’s financial transactions in some way, shape or form will touch Ethereum,” Krug said in an interview.  Source link

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It’s been a rough couple of months for Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH). After reaching record highs in November, both cryptocurrencies have been on a downhill slide. Bitcoin is down more than 36% since its peak, and Ethereum has fallen by nearly 30% since its all-time high. There are several factors that could be fueling this recent sell-off, including news that the Federal Reserve could raise interest rates in coming months, as well as… Source link

Bitcoin, Ethereum, Shiba Inu, Dogecoin, Litecoin – Will These Cryptocurrencies Rule the World? The cryptocurrency market is proving a force to reckon with in the financial industry. As more people adopt digital currencies, the demand for cryptocurrencies is growing bigger. But which are the coins that might rule the world? Well, here are coins proving very disruptive and could dominate the world in terms of the digital currency economy. 1. Bitcoin As the first cryptocurrency, Bitcoin has… Source link

Liechtenstein-based crypto exchange LCX has confirmed the compromise of one of its hot wallets after temporarily suspending all deposits and withdrawals on the platform.  The hack was first identified by PeckShield, a blockchain security company, based on the suspicious transfer of ERC-20 tokens from LXC to an unknown Ethereum (ETH) wallet. hot wallet compromised? @lcx https://t.co/uL5a7oCFfM — PeckShield Inc. (@peckshield) January 9, 2022 The probable hot wallet compromise was soon… Source link

What happened  The weekend continues to be a rough time for cryptocurrency holders. The stock market closes on Saturday and Sunday, but digital assets trade 24 hours, 7 days a week and Saturday has repeatedly been a down day for the cryptocurrency market over the past month.  There were drops across the cryptocurrency industry today but a few were more notable than others. Ethereum (CRYPTO:ETH) continues its slide, falling 5.1% in the last 24 hours… Source link

Litecoin users can finally embark on online gambling adventures – but where do you find the best Litecoin casinos, though? And how do they differ from regular crypto casino sites? Well, Litecoin is almost identical to Bitcoin, except that it’s faster, and so are the transactions. For example, the withdrawals at our number 1 casino, BitStarz, are reported only to take about 10 minutes. The faster processing speed becomes essential when you want to cash out, as the blockchain confirmation… Source link

Litecoin (LTC) has been relatively less volatile compared to the crypto market. So far Saturday, the Digital Money has fallen 4.29% to $128.66. InvestorsObserver is giving Litecoin a 15 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin! Low Volatility InvestorsObserver gives Litecoin a low volatility rank of 15, placing it in the bottom 15% of cryptos on the market. The Volatility Gauge… Source link

Although the entire market has been facing a downtrend along with Ethereum, the altcoin king holders have surprisingly been in a better position when compared to other coins in the market. Ethereum investors are safe? Indeed they are. The reason behind this is Ethereum’s quick recovery post a price fall. Other altcoins usually fail to post a substantial recovery after a price fall, Ethereum on the other hand observes a price fall in accordance with the rises. Thus, technically Ethereum… Source link