Litecoin [LTC] and other top cryptocurrencies have been overshadowed by the Ethereum [ETH] Merge for the last few weeks. Interestingly, LTC may have actually benefited from the Merge from a hashrate perspective. An inspection of Litecoin’s hash rate reveals a sharp uptick in the first 10 days of September. Its hash rate grew from as … Read more
After seven consecutive weeks of inflows, crypto investment products recorded significant outflows last week, according to the latest report by institutional crypto fund manager CoinShares. The report which analyzes weekly flows into cryptocurrency funds suggests regulatory concerns and geopolitical turmoil have diminished investor interest in both the Americas and Europe. $80 million of the outflows … Read more
Crypto investment products attracted large inflows in the Americas last week, versus minor outflows recorded in Europe, according to the latest report by institutional crypto fund manager CoinShares. The report which analyzes weekly flows into cryptocurrency funds suggests enduring investor interest despite the geopolitical unrest which spurred a sell-off in risk assets. Bitcoin attracts $95 … Read more
Litecoin is undeniably one of the oldest coins in the crypto-space. However, with the emergence of newer coins, this “blue-chip” crypto has been losing its relevance. The coin that once used to stand right next to Bitcoin has been struggling to cling on to its 15th position of late. Nevertheless, Litecoin managed to script history … Read more
Ethereum has been trading sideways with a minor gain of 1.70%. ETH was eyeing its multi-month high of $4033.45. Litecoin was also consolidating with a minor gain of 1.10%, with immediate overhead resistance at $ 194.13. Contrastingly, Avalanche dissociated itself from the broader market sentiments and rallied 21.06% securing an all-time high of $ 64.87. … Read more
Bitcoin and Ethereum spurred a cascading effect in the broader market as the coins stood above $48K and at $3238.42, respectively. Polkadot rose by 4.7% and prepared to test the $26.74 resistance mark, while Litecoin also flashed bullishness as it inched closer to its immediate price ceiling of $180.87. Ethereum (ETC) ETH/USD, TradingView Ethereum recovered … Read more
For the first time in three months, Bitcoin’s valuation crossed the $50k threshold on Sunday. Past precedents, to a fair extent, suggest the correlation of price movements and Bitcoin’s influence on other coins. For instance, almost all the coins hit their highs in the April-May period, and then stepped into the correction phase in conjunction. … Read more
Even though Bitcoin controls almost half of the entire crypto market, altcoins play a very important role in uplifting the market as well. Looking at the recent performance of some major altcoins, it appears that they have the potential to take the altcoin market cap (Altcap) to higher major levels. Are altcoins worth it? They … Read more
Riding on the back of Bitcoin’s surge to $45k, most of the alts started witnessing upticks. Interesting, at the time of writing, only 12 cryptos out of the top 100 reflected negative weekly returns. The remaining 88 seemed to be relishing their gains. Picking alts for your portfolio, at this juncture, might be pretty daunting. … Read more
Bitcoin closed above $45,000, for the first time since May 19, and this milestone pumped the altcoins too. BTC’s next resistance is at $48,000, whereas, Ethereum eyed a move towards $3500. Conversely, Litecoin failed to mimic its larger counterparts as it noted a minor decline in prices. Bitcoin (BTC) BTC/USD, TradingView BTC traded at $45,312 … Read more
