Author: hotcrypto

Tesla purchased $1.5 billion worth of Bitcoin earlier in 2021 and started accepting vehicle sales in the crypto. The move caused a surge in demand for Bitcoin, and the price of this volatile crypto soared to around $70,000 by November 2021 before taking a steep nosedive.Around April of the same year, the electric carmaker declared readiness to sell up to 10% of its BTC tokens. The decision came as the company looked to boost Q1 revenues by $101 million. Citing Elon Musk on a Twitter post, “Tesla sold 10% of its holdings essentially to prove liquidity of Bitcoin as an…

There are a few positive cryptocurrency reports today, as the crypto market begins an upward movement that could extend to a lengthy bull run. That’s what investors are hoping, and today’s promising market outlook is helped by cryptos like Bitcoin Cash (BCH) that are up since the beginning of the month but down from last month.How’s Bitcoin Cash Been Performing?This crypto token is up 2.71% today, bringing its price to $105.69 (BCH/USD). The Bitcoin Cash token has managed to stay above $100, and the last time it dipped below that level was right at the start of July. Since then,…

On the 19th of August, Bitcoin dropped more than 10% in one day, opening at $23,000 and closing below $21,000. This broke the micro trend of higher highs and higher lows. Bitcoin fell out of its wedge and shocked the market, which had been increasingly bullish. Altcoins suffered more pain retracing by more than 30% in several cases. The Fear and Greed Index now displays 29 (Fear), significantly lower than last week when it showed 45 (Neutral). The central question is how can investors protect themselves against these sudden market crashes? The answer is simple, by changing their investment style…

Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today. This news is republished from another source. You can check the original article here

  History shows that stocks perform better than any other asset class over time. While gold, oil, and housing may beat the market for short periods, over the past century equities handily trump all else. That holds true with cryptocurrencies as well, which had stocks eating their dust the past few years with phenomenal gains as everyone began buying in. But in 2022, despite the S&P 500’s drop of more than 13% year-to-date, the Crypto 10 index of the top 10 cryptocurrencies is down over 57% so far this year. That just reinforces the notion that stocks remain your best…

Bitcoin threatens 20-month low monthly close with BTC price under $20K (BTC) looked set to equal its lowest monthly close since 2020 on Aug. 28 as bulls failed to take control. 1-hour candle chart (Bitstamp). Source: TradingViewData from Cointelegraph Markets Pro and TradingView showed BTC/USD criss-crossing $20,000 with hours until the weekly candle completed.BTC/USD 1-month candle chart (Bitstamp). Source: TradingViewBTC/USD buy and sell levels chart (Binance). Source: Material Indicators/ Twitter (NYSE:)Bitcoin percent supply in profit chart. Source: On-Chain College/ TwitterContinue Reading on Coin Telegraph This news is republished from another source. You can check the original article here

Litecoin (LTC) may have slipped out of the list of the top-20 cryptocurrencies by market cap. Even so, it might be one of the most undervalued coins right now. In fact, it might turn out to be among the best coins with the most potential for a strong bounce back during the next bull market. Litecoin may not have been the best performing cryptocurrency during the relief rally in June and July. However, investors should still consider adding it to their portfolio. Why? Well, for starters, the total number of addresses grew steadily over the last 6 months. This is…

Shiba Inu has developed into an ecosystem that goes much beyond simple trade. The area of cryptocurrency development and adoption took centre stage. This year, the meme coin SHIB attracted a lot of attention. The network also increased its utilities, albeit initially it was due to its increasing prices. As reported by TWJ earlier, the Singapore-based MEXC exchange, in partnership with Bone ShibaSwap (BONE), has announced a prize fund of 5,555 BONE to qualified users that participate in the “Sign up, Deposit & Trade” event , as posted on the official SHIB Twitter handle. MEXC Global, one of the first…

Vechain price analysis indicates that VET prices have been following a sideways trend for the past few days. However, there has been a slight bullish bias to the prices as they have been trading above the $0.02412 key support level. The prices are currently facing rejection at the $0.02474 level. The VET/USD pair is trading at $0.02474 and up by 2.12 percent at the time of writing. The coin’s market capitalization is at $1.79 billion, and the trading volume is $56 million. VET/USD 4-hour price chart: Bullish market looks to extend gains The VET/USD pair has been following a sideways…

Ethereum’s transition to a proof-of-stake (PoS) network could affect DeFi protocols and stablecoins running on the blockchain network, DappRadar revealed in a new report. According to the report, the stablecoin market is huge, and its use on public blockchains like Ethereum has grown significantly making them integral to DeFi operations. The report noted that Ethereum Merge could affect the stability of stablecoins as it hosts the majority of DeFi applications. The Merge, scheduled for September 15, will see the Ethereum blockchain move from its PoW consensus mechanism to PoS. Major stablecoin issuers like Tether (USDT) and Circle (USDC) have already revealed…