Crypto Industry News: Microstrategy currently holds approximately 132,500 bitcoins. In December, the company bought another batch of cryptocurrencies. At the same time, however, it turned out that it had sold some digital assets for the first time. Michael Saylor, founder and CEO of the company, tweeted: “MicroStrategy has increased its.
Crypto Industry News: According to CryptoQuant data published at the end of the year, the “supply in loss” is an indicator that measures the percentage of the total supply of bitcoin in circulation that is currently loss making. The metric works with the chain history of each circulating coin to.
Bitcoin rebounded in the short term and was trading at 16,623 at the time of writing. After its last drop, a rebound was natural. Still, the bias remains bearish, so a deeper drop is in cards. It could only test and retest the near-term resistance levels before dropping again. BTC/USD.
The XRP/USD was trading in the red at 0.3441 at the time of writing. The bias remains bearish, so more declines are favored. Bitcoin’s short-term drop forced the altcoins to drop as well. Temporary rebounds could bring us new short opportunities. Ripple dropped by 8.28% from Tuesday’s high of 0.3730.
Bitcoin Cash continues to move somehow sideways in the short term. It was located at 99.58 at the time of writing. BTC/USD’s retreat forced the altcoin to slip lower as well. Still, technically, BCH/USD stays above a buying zone. It remains to see how BTC/USD will react in the short.
Crypto Industry News: According to the latest news from Reuters, FTX and some of its former officers were indicted in a class action lawsuit on December 28. They demand a statement that FTX shares are not owned by the company. The same applies to identifiable customer assets held with Alameda..
The LTC/USD slipped lower in the short term after reaching the 71.60 high. The altcoin dropped as the price of Bitcoin turned to the downside after its temporary rebound. Litecoin developed a bearish pattern, but we still need confirmation. Litecoin registered a 6.38% drop from Monday’s high of 71.60 to.
Ether dropped as expected after the BTC/USD slipped lower. Now, the altcoin is located at 1,193 at the time of writing. In the short term, it is likely to remain in the sideways channel. The bias is bearish. Hence, it may decline further. ETH/USD dropped by 3.74% from 1,233 yesterday’s.
On the 4-hour TF, it is evident that bitcoin has deviated below the ascending trend line, but overall, since the most recent collapse, it has been mostly moving sideways, which is exactly what we anticipated. Remember that the “collapse-flat-collapse” trading strategy will be used in 2022 when bitcoin is traded..
LTC/USD rebounded in the short term but this could end soon. Now, it’s trading at 69.90 at the time of writing. The altcoin turned to the upside only because Bitcoin bounced back after its previous sell-off. LTC/USD is down by 0.54% in the last 24 hours but it’s up by.
Last week, news organizations from all over the world reported that FTX Bankman-Fried, the company’s founder, would be released from jail after posting a sizable bail of $250 million. The largest pretrial bail, according to Assistant US Attorney Nicholas Roos, was set in court. However, it was discovered that there.
Crypto Industry News: Jair Bolsonaro, Brazil’s president, who is due to leave office on December 31, has signed a bill to legalize the use of cryptocurrencies as a payment method in the country. In a December 22 publication of the official journal of the Federal Government of Brazil, Bolsonaro’s office.