Author: hotcrypto
It’s been a rough weekend for cryptocurrency holders, as the overall crypto market cap dropped below the key $2 trillion level, currently sitting at $1.94 trillion. There were major drops across the crypto industry, as investors are worried about the Omicron situation across the world and how it may impact the market. At the time of reporting, Bitcoin (CRYPTO: BTC) traded at $41,651.69, down 0.81%. In the past 7-days, the apex crypto is down by 11.69%. Last week, BTC traded around $47,000 on Monday and dropped into the $43,000 range by Friday. As the turbulence continues, BTC has dropped below a $1…
Let’s say, hypothetically speaking, that you have a 27-year-old son who is fervently studying cryptocurrencies of which you know absolutely nothing. Since decades of living have told you that communication is important, you want to engage in conversation. You wonder, though, “Where do I even start?” Here is some basic knowledge that comes in four parts to get you started—“started” being the operative word. Number one: Bitcoin is the best-known cryptocurrency, but it’s more like the Ford Model T. The Model T put the world on wheels in much the same way that bitcoin has created cryptocurrency investors and inspired…
BITCOIN could outpace stocks and reach $100,000 this year despite a recent crash, according to one expert. Bloomberg’s Mike McGlone predicts Bitcoin will dominate the crypto market in 2022, and Etherium will hit $5,000. “Expectations for Federal Reserve rate hikes in 2022 may support a win-win scenario for Bitcoin vs. the stock market,” said McGlone. This analysis comes after several well-known cryptocurrencies nosedives this week. Bitcoin was down almost 12 percent over the last seven days as of 9:30am Friday morning, according to CoinBase. At the same time, Shiba Inu was down almost 15 percent over seven days, and Ethereum…
Global investment bank JPMorgan has published a report on the future outlook of crypto markets, including Ethereum’s upgrades, decentralized finance (defi), and non-fungible tokens (NFTs). The bank sees “the cryptocurrency markets as increasingly relevant to financial services,” its analyst described. JPMorgan Outlines Future Outlook for Crypto Markets JPMorgan analyst Kenneth Worthington published a report on the 2022 outlook for crypto markets Friday. The analyst wrote: The applications from crypto have only just begun. Web3.0, greater use of NFTs tokenization are in the line-of-sight for 2022. JPMorgan sees “the tokenization and fractionalization as holding particularly large promise as transactions speeds in…
Chainlink (LINK) has been relatively less volatile compared to the crypto market. So far Sunday, the Smart Contracts has advanced 16.35% to $28.12. InvestorsObserver is giving Chainlink a 20 Volatility Rank. Find out what this means to you and get the rest of the rankings on Chainlink! Low Volatility InvestorsObserver gives Chainlink a low volatility rank of 20, placing it in the bottom 20% of cryptos on the market.The Volatility Gauge analyzes meaning that one day won’t make or break its rank. LINK’s low volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has…
Bitcoin and cryptocurrency prices have dropped sharply over the last week, with the combined crypto market now down around $1 trillion from its November peak (even as Wall Street giant Goldman Sachs issued a huge bitcoin price prediction). Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and discover hot new NFT and crypto blockbusters poised for 1,000% gains’ The bitcoin price has fallen around 10% since the beginning of 2022, crashing towards $40,000 from highs of almost $70,000 late last year. Meanwhile, other major cryptocurrencies ethereum, Binance’s BNB, solana, cardano and XRP have also crashed back, all losing double-digit percentages…
Bitcoin Cash (BCH) has been relatively less volatile when compared to other cryptocurrencies. So far Sunday, the Digital Money has added 3% to $378.08. InvestorsObserver is giving Bitcoin Cash a 7 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcoin Cash! Low Volatility InvestorsObserver gives Bitcoin Cash a low volatility rank of 7, placing it in the bottom 7% of cryptos on the market.The Volatility Gauge follows meaning that one day won’t make or break its rank. BCH’s low volatility reading is paired with a low reading on the Risk/Reward Gauge,…
This week, Bitcoin and cryptocurrency prices sank after the Fed released the minutes of its December meeting, which revealed a U-turn in its policy that doesn’t bode well for crypto. As of now, the Bitcoin price is down 9% to $38,040 for the week, tumbling from around $41,500 after the news broke. The world’s biggest crypto shed more than one-third of its value from its November peak. Meanwhile, the rest of the crypto market followed Bitcoin’s lead. The Ethereum (ETH) price is down 10%, Binance Coin (BNB) slipped 11.5%, and Solana’s (SOL) price cratered 14%. Federal Reserve Chair Jerome Powell…
Fantom (CRYPTO:FTM) is under the radar right now, but probably not for long. The crypto had an amazing run-up last year. The coin sold for $0.02 a year ago. Now it’s trading at $3 a coin. Fantom is jumping because it’s a layer 1 protocol with super-fast speeds, like Solana (CRYPTO:SOL). In 2021, those two coins skyrocketed in value 14,000% and 11,000%, respectively. Fantom is a lot smaller with a market cap of $7 billion versus $43 billion for Solana. I think part of that discrepancy is because Solana, unlike Fantom, can be bought and sold on Coinbase (NASDAQ:COIN), the biggest crypto exchange.…
Crypto miners wrap up Q4 with robust mining growth even as bitcoin slumps Seeking Alpha This news is republished from another source. You can check the original article here