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As digital asset markets have shed significant value during the last two weeks, the top meme coins by market capitalization have dropped considerably against the U.S. dollar. The top meme asset dogecoin has lost 23.9% over the last seven days, while shiba inu’s value was reduced by 31.1% this week. Dogecoin Down 80% Since All-Time High, Shiba Inu Down 75% Since High On Monday, January 24, 2022, the top meme coins by market capitalization have lost 3.1% over the last day. Currently, the myriad of meme tokens today account for $36 billion of the $1.7 trillion crypto economy. Dogecoin (DOGE) has lost 23.9% this past week, and roughly 27.6% over the last month. To date, dogecoin is still up 1,486% against the U.S. dollar since this time last year. Dogecoin’s market valuation of around $17.8 billion, is 1.05% of the crypto economy’s overall capitalization. The crypto asset’s 24-hour price range has been between $0.143480 to $0.126030 per DOGE. The second-largest crypto-asset shiba inu ...

What do market corrections mean for crypto traders? And how can trading bots be used to an investor’s advantage? from Cointelegraph.com News https://ift.tt/3fRPhF4 via IFTTT

The selloff in cryptocurrencies continued to start the week, with bitcoin falling to its lowest level since July. Ethereum was also trading in the red, hitting multi-month lows in the process. This comes as the overall global market cap in cryptos was down close to 9% at the time of writing. Bitcoin Bitcoin (BTC) , which has been the main focus of the recent decline in crypto prices, was trading 3% lower on Monday (at the time of writing), and almost 20% down from its position at the same time last week. As of writing, BTC /USD hit an intraday low of $33,184.06 during today’s session, which is its lowest level since July 23rd last year. Today’s move comes as prices broke below the recent support level of $40,135 last Thursday and extended throughout the weekend. Looking at the chart below, BTC appears to have found a new floor, reaching $34,200 on a daily chart. Although prices have moved beyond this interim support, some bulls argue that this could be a false breakout, pointing ...

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Bitcoin and most altcoins have fallen to key support levels, but the current trading setup suggests traders lack the confidence to chase after an oversold bounce. from Cointelegraph.com News https://ift.tt/3AtBgqD via IFTTT

What makes the first month of the year such an important part of Bitcoin’s history? bit.ly/3f7o14k http://dlvr.it/SHgPmX

Blockchain-based metaverse environments allow brands to offer more user benefits, such as increased interactivity and ownership of virtual items, but will it catch on? from Cointelegraph.com News https://ift.tt/3nRBva2 via IFTTT

From Bolivia to China, governments sought to restrict crypto-related activity for various reasons and with different tools. from Cointelegraph.com News https://ift.tt/3tMqWca via IFTTT

After Bitcoin’s mining difficulty jumped to the highest value ever at 26.64 trillion, the overall hashrate slumped a hair due to the rise in difficulty and lower bitcoin price. This weekend, Bitcoin’s hashrate is coasting along at 189 exahash per second (EH/s), after dropping to a low of 167 EH/s three days ago. The lower price and difficulty rise has put a squeeze on bitcoin mining profits. Mining Difficulty Makes Block Rewards Harder to Find, Bitcoin’s Lower Price Makes It Less Profitable for Miners Bitcoin’s hashrate remains high after the network saw the mining difficulty reach an all-time high of 26.64 trillion on January 20, 2022. That day, the network difficulty adjustment algorithm (DAA) increased 9.32% and the next DAA epoch is set to change in 11 days. The last change makes it a lot harder for miners to find a bitcoin (BTC) block subsidy and more difficult than ever before during the last 13 years. Another obstacle bitcoin miners faced this past week is the fact that...

HODLing the keys of a nation state might not be simple, but it's the first step to monetary freedom for countries. bit.ly/3f7o14k http://dlvr.it/SHg658