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On Monday, the cryptocurrency market was mixed, with gains for Dogecoin, Ethereum, and Cardano outweighing losses for Bitcoin, Solana, and Litecoin. Bitcoin fell 0.61% and remained below $22,800, while Ethereum remained comfortably above $1,600. BTC volume in the last 24 hours was approximately $23.78 billion, a decrease of 27.58%. The cryptocurrency market had an exciting weekend, with BTC breaking through the $23,000 barrier for the first time in 5 months. Institutional investors are increasing their holdings of BTC in anticipation of the next bull run, which is driving demand. This month, Bitcoin has risen by more than 36%, creating an extremely bullish sentiment surrounding the world largest digital asset. The upcoming Fed meeting next month may be the next watershed moment in the cryptocurrency market According to Shivam Thakral, CEO of BuyUcoin. The global cryptocurrency market capitalization was trading around $1.04 trillion, up 0.32% in the last 24 hours. The total volume in DeFi is currently $5.14 billion, accounting for 9.88% of the total 24-hour volume in the crypto market. The total volume of all stablecoins is now $45.82 billion, accounting for 88.06% of the total 24-hour volume of the crypto market. According to CoinMarketCap, the market cap of Bitcoin, the world largest cryptocurrency, was hovering around $438 billion, with a dominance of about 41.96%, a 0.37% decrease over the day. BTC rose above $22,900, recovering from a recent drop toward $20,000. BTC, on the other hand, is currently trading at $22,722, a slight decrease. The current support level is $22,700, and the resistance level is $22,900. If Bitcoin maintains its current momentum, it could reach $23,000. Bitcoin Price $22,740 -0.57% Ethereum Price $1,633 0.36% Tether Price $1 -0.01% USD Coin Price $0.999 -0.01% BNB Price $305.25 1.09% XRP Price $0.4069 0.12% Dogecoin Price $0.08994 5.2% Cardano Price $0.3719 1.06% Polygon Price $1 1.19% Polkadot Price $6.30 0.66% Tron Price $0.06183 0.69% Litecoin Price $88.16 0.76% Shiba Inu Price $0.00001209 0.18% Solana Price $24.57 -2.46% Note: Price change in last 24 hours

The hashrate of Litecoin ($LTC), a cryptocurrency commonly referred to as the silver to Bitcoin gold, recently reached a new all-time high as its price continues to rise in anticipation of its impending halving event. CryptoCompare stats show that Litecoin hashrate has reached a new record high of about 680 TH/s. Like Bitcoin, Litecoin employs a Proof-of-Work (PoW) consensus algorithm. In order to add new blocks to the blockchain and receive rewards, the system pits miners against one another in a race to solve challenging mathematical puzzles. A fixed amount of coins are awarded to the miner who solves the problem first in this process of problem solving, which is known as mining. The amount of hashes (mathematical puzzles) that can be solved in a certain amount of time is known as the hashrate. A greater hashrate indicates that more miners are engaged in the mining process and that the network is more secure. Additionally, a greater hashrate makes it more challenging for malicious users to control the network. A short time after LTC price increased by almost 50% over the previous three months to trade above $80 per coin, the network hashrate increased. Litecoin experiences halving events, where the coinbase reward for miners that discover blocks on the network is halved, similar to how BTC does. The next Litecoin halving event, which will cut mining payouts from 12.5 LTC to 6.25 LTC, is anticipated to take place in August 2023. Events that reduce new supply on the market by half are considered bullish since they do so. Litecoin price may increase months after its halving event, according to historical data, to the point where it reaches a new all-time high next year, as CryptoGlobe reported. But right after the halving, the cryptocurrency can experience a decline. Rekt Capital, a well-known cryptocurrency analyst, found that Litecoin trends to rise pretty substantially before its halving, climbing 820% after hitting rock bottom 122 days before its first halving and 550% after bottoming out 243 days before its second halving. In the past, the coin experienced greater gains following a halving occurrence. LTC experienced a 12,400% increase after its first halving and a 1,573% increase after its second halving. Late last year, after more than two weeks of accumulation by huge addresses holding between 1,000 and 100,000 LTC, the price of Litecoin increased while outperforming the market. It is crucial to note that analysts views on the subject differ, and it is not certain how halving events will affect a cryptocurrency price. A cryptocurrencies performance in the past does not guarantee its performance in the future.

The oldest cryptocurrency in the world, Bitcoin (BTC), lost its bullish run as it fell below the $21,000 level following days of advances. The value of the entire cryptocurrency market fell from $999 billion yesterday to over $969 billion today. Other well-known altcoins, including as Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP), all finished in the red. While Rocket Pool (RPL) was the leading loser with a 24-hour decline of over 19 percent, the KAVA token emerged as the top gainer with a gain of over 10 percent. At the time of writing, the market capitalization of all cryptocurrencies was $969.04 billion, representing a 2.75 percent decline over the previous day. Bitcoin price todayAccording to CoinMarketCap, the price of one bitcoin was $20,824.77, a 2.14 percent decline over the previous 24 hours. The price of Bitcoin was Rs 17.74 lakhs, according to Indian exchange WazirX. Ethereum price todayAt the time of writing, the price of ETH was $1,528.56, a loss of 3.46 percent over the previous 24 hours. According to WazirX, the price of Ethereum in India was Rs 1.29 lakhs. Dogecoin price todayAccording to data from CoinMarketCap, the 24-hour price of DOGE, which is presently trading at $0.08139, fell by 6.07 percent. Dogecoin price in India as of WazirX was Rs 6.96. Litecoin price todayThe 24-hour loss for Litecoin was 4.72 percent. Its price at the time of writing was $83.53. The cost of LTC in India was Rs 7,000.03. Ripple price todayThe price of XRP was $0.381, down 1.57 percent over the previous 24 hours. WazirX reported that the price of ripple was Rs 32.10. Solana price todaySolana price was $21.66, down 6.42 percent over the previous 24 hours. SOL cost Rs 1,836 in India, according to WazirX.

Since filing for bankruptcy on November 11, the bankrupt cryptocurrency exchange FTX.com has lost around US$415 million in cryptocurrencies to hacks. Important Facts According to the company disclosure to creditors, an "unauthorized third party" took over US$323 million from FTX international exchange and US$90 million from FTX US. Alameda Research, the brokerage division of the exchange with headquarters in the Bahamas, had another US$2 million stolen from it. The sum that was stolen represents a portion of the US$5.5 billion in liquid assets that FTX designated for recovery. These assets include US$1.7 billion in cash, US$3.5 billion in cryptocurrencies, including FTX Token (FTT), and US$300 million in liquid securities. The exchange was hacked and lost more than US$372 million, according to the new FTX CEO John Ray, who made the announcement a few days after FTX declared bankruptcy in November. On November 11, FTX filed for Chapter 11 bankruptcy in the United States, shocking the industry after it was discovered that there had been inadequate transparency on liquidity and customer funds had been improperly used. Sam Bankman-Fried, the founder and former CEO of FTX, has been charged with eight offences, including conspiracy to commit money laundering and wire fraud. Earlier this month, Bankman-Fried entered a not-guilty plea to the accusation of fraud. The US$2.1 billion Binance got in BUSD and FTT when it sold its share in FTX in Q3, 2021, is being considered as a clawback by FTX advisers. Changpeng Zhao, CEO of Binance, has asserted that the business will continue to be stable even after making a US$2.1 billion return. According to its bankruptcy declaration in November, the bankrupt exchange owes its 50 largest creditors a total of around US$3.1 billion. Additionally, FTX disclosed that the company has over 100,000 debtors.