Markets

INTERNET CITY, DUBAI, Dec. 30, 2022 – With 2022 almost over, it’s safe to say that we are all glad to leave it behind and face a fresh new year. 2022 has been a year of turmoil and tribulations for the crypto industry. For LBank, a top 20 global crypto exchange, it certainly has been a significant year of both challenges and opportunities. More importantly, LBank is ready to turn the page and see what is in store for the coming year. Since its establishment in 2015,...

Ripple price started a fresh decline below the $0.3800 zone against the US dollar. The price is now trading below $0.3550 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.3400 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it stays below the $0.3500 resistance zone. Ripple price is struggling below $0.3550 against the US Dollar, similar to bitcoin. XRP price...

Crypto traders are converting worthless NFTs into tax breaks. They’re using a service started just for that purpose. Others are taking advantage of IRS tax loopholes for tax breaks on their losses from BTC, ETH, and others this year. That’s how bad the crypto winter is getting as the frost sets into planet earth’s northern hemisphere. But in a sign of persistence and entrepreneurial spirit, crypto markets are reacting. NFT buyers are now helping people with their underwater...

The crypto sector experienced significant challenges in the first half of 2022, with the prices of major assets like bitcoin (BTC) and ether (ETH) experiencing a 50%+ drop in value. The situation was further exacerbated by the collapse of the Terra ecosystem in the second quarter, which had a ripple effect on the industry. As a result, major industry players such as Three Arrows Capital, Celsius Network, and Voyager Digital filed for bankruptcy later in the year. The bear...

2023 has finally arrived. Happy New Year to all digital currency enthusiasts out there! Here’s to hoping that all bitcoin players are greeted with kinder, gentler, and more loving maneuvers to their crypto stashes than what was doled out in 2022. Could Bitcoin Recover Soon? To say 2022 was a bad year for crypto would be a huge understatement. It was by far one of the most bearish periods ever to strike the space, and many argued that assets like BTC were on the verge of...

The end of 2022 brought almost zero volatility for bitcoin, which remained flat at around $16,500. Most altcoins also failed to produce any significant volatility, aside from the two recent high-flyers – OKB and Toncoin. Bitcoin Stalls at $16.5K In yesterday’s Market Watch, CryptoPotato summarized bitcoin’s overall price movements in 2022, which started on a high note at almost $50,000 but ended 65% lower following a violent year that saw multiple collapses. While zooming in...

The price of bitcoin took a massive hit in 2022, dropping by more than 50% in 12 months. However, the crypto analytics platform Santiment believes there’s more bad news incoming in the new year. The company based its rather bearish prediction on the BTC whales’ activity. BTC Whales Are Net Sellers Santiment began its 2023 prediction analysis by highlighting the significance of BTC whales’ behavior for the asset’s price movements. This is somewhat expected since these types of...

Bitcoin had a very harsh year in 2022. Can we expect 2023 to be any better now that it’s about to enter the fray? The Bitcoin Price Had It Really Hard This Year We are literally hours away from greeting 2023, and we can’t help but reflect on what a year 2022 has been for the world’s number one digital currency by market cap. The crypto space has had extreme difficulty staying at the top of its game these last 12 months, and many of us are surprised that bitcoin and its...

Coinbase customers, who had previously sued the crypto exchange over unauthorized crypto transfers, have continued to hold back their account information in a bid to block efforts to move their case to arbitration. A renewed emergency motion filed in federal court revealed that the plaintiffs agreed to provide the necessary information encompassing emails, usernames, and Ethereum addresses, in exchange for a protective order. According to the filing with the US District Court...

2022 is on the verge of disappearing forever, and Live Bitcoin News is looking back one last time on the biggest digital currency stories of the year. The Bitcoin Price The biggest story of 2022 revolved around how poorly bitcoin did. What was once one of the largest and most worthwhile assets around sank to the bottom of a deep financial pit, and the currency has refused to get up. In November of last year, for example, the world’s number one digital currency by market...