Monero Price Analysis: XMR Crypto Price Sees A Breakdown Below The 50MA – Cryptocurrency News – The Market Periodical

Monero coin price is currently observing a downside momentum which can lead it to a new low soon. It has seen a loss of more than 0.25% in the past 24 hours. XMR coin technical indicators suggest a bearish momentum in price. Meanwhile, XMR/BTC pair is down by more than 3% in the intraday session XMR crypto price is currently observing a downside momentum which can lead it to a new low in the future. Monero’s price is currently near the value of $268 and is down by more than 0.2% in the… Source link

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Bitcoin entering final stage of major bull trend, crypto analyst says

Trader and cryptocurrency analyst Alessio Rastani believes Bitcoin (BTC) is entering the final stage of the current bull market, which will propel the leading cryptocurrency to a $100,000 price target.  To explain his prediction, Rastani cited the Elliott Wave Theory, which divides upward price trends into five waves. Rastani believes we have entered the final wave of a bull trend that started at the beginning of 2019 and that should see its top at some point next year. “When this… Source link

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A Bitcoin ETF Is Almost Here. What Does That Mean for Investors?

The first bitcoin exchange-traded fund is expected to start trading Tuesday, making the most widely traded cryptocurrency available to most investors with a brokerage account. Here is a look at what it means. What is happening? ProShares filed plans Friday, laying the groundwork for the launch of its Bitcoin Strategy ETF. Other funds are expected to follow over the next two weeks as the Securities and Exchange Commission considers additional… Source link

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Bitcoin continues climb, breaking $61,000 in overnight trading

Check out what’s clicking on FoxBusiness.com. Bitcoin continued to climb overnight and was trading almost 4.4% higher early Saturday morning at nearly $61,700. Bitcoin rivals Ethereum and Dogecoin were trading around $3,915 (+3.41%) and nearly 24 cents (+4.6.9%) per coin, respectively, Coindesk reported. Cryptocurrency Tether and crypto exchange Bitfinex have agreed to pay $42.5 million to settle civil charges from the U.S. Commodity Futures Trading Commission (CFTC) over allegedly… Source link

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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 16th, 2021

Ethereum Ethereum rose by 2.08% on Friday. Following a 5.08% rally on Thursday, Ethereum ended the day at $3,869.73. A mixed start to the day saw Ethereum fall to an early intraday low $3,734.44 before making a move. Steering clear of the first major support level at $3,644, Ethereum rallied to a late intraday high $3,900.00. Ethereum broke through the first major resistance level at $3,884 before easing back. Falling short of the second major resistance level at $3,977, Ethereum ended the day at… Source link

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All Eyes on Japanese Court as Crunch Monero Mining Case Gets December Hearing

Source: Adobe/Dennis A landmark legal case involving a music site developer who added a mining widget that mines monero (XMR) to his website will hit the Supreme Court in Japan at the end of the year – with the potential for a legal precedent-setting verdict. The case dates back to late 2017, when the Yokohama-based man (aged 34) admitted he used a Coinhive-developed app on his websites that led visitors to mine monero. The app… Source link

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Ethereum may trounce Bitcoin as ETH next all-time high at $8,000

Ethereum price shakes off multiple bearish divergence warnings. An incoming explosive move will likely rally the entirety of the altcoin market – even the laggards. Little resistance ahead to stop Ethereum price from breaking the current all-time high. Ethereum price has finally displayed some clear and bullish strength. The past couple of weeks have been indecisive and almost warned of an impending bull trap – but sellers ultimately were unable or unwilling to… Source link

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Litecoin Looks Like It Could Breakout In The Coming Days – Litecoin – United States Dollar ($LTC)

Litecoin (CRYPTO: LTC) is trading higher Friday as the overall crypto sector pushes higher. Litecoin is nearing resistance in a pattern and could see a breakout soon if it continues to rise within the pattern it’s trading in. Litecoin was up 4.8% at $190.22 at last check. Litecoin Daily Chart Analysis Litecoin continues to trade higher in what technical traders call an ascending triangle pattern. It’s nearing the resistance line in the pattern. The $200 level has been an area… Source link

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Bitcoin Price Hits $60,000 Ahead of Potential ETF Approval

Bitcoin hit $60,000 Friday for the first time since April, as traders anticipate U.S. regulators will approve the first exchange-traded fund to track the cryptocurrency. Approval of an ETF that will buy bitcoin futures contracts—though not the coins themselves—would increase the cryptocurrency’s legitimacy and make it easier for institutional investors to get exposure. Four applications for bitcoin futures ETFs, submitted in August, are pending… Source link

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Bitcoin miners make US an industry leader after China crackdown as climate fears weigh

The U.S. now leads the world in Bitcoin mining, according to data from the Cambridge Bitcoin Electricity Consumption Index (CBECI), which tracks Bitcoin’s energy consumption by geography. According to data added to the index, the United States currently makes up 42.7% of the Bitcoin network’s “hashrate,” a metric unit that measures how much power the Bitcoin network consumes. Up 14%, the growth in America’s hashrate — also known as hashpower — reflects the changing geopolitical… Source link

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