Ethereum Ethereum fell by 2.02% on Thursday. Partially reversing a 2.88% rally from Wednesday, Ethereum ended the day at $737.67. Another mixed start to the day saw Ethereum rise to an early morning high $755.90 before hitting reverse. Falling short of the first major resistance level at $768.91, Ethereum slid to an early afternoon intraday low $724.00. Ethereum fell through the first major support level at $726.91 before briefly revisiting $747 levels. A bearish end to the day, however, saw… Source link

Bitcoin outperformed Gold in 2020, and it will do so again in 2021. getty Bitcoin is barely a decade in existence while Gold has been the go-to commodity investment in times of turmoil throughout human history. No matter what the New Year brings, the cryptocurrency will outperform the ancient metal in investment portfolios again in 2021. Here’s why. ADVERTISEMENT Both Gold and Bitcoin are seen as stores of value, as protection from political and… Source link

The prominent darknet marketplace, White House Market, has dropped bitcoin payments and now accepts monero only. The darknet marketplace administrators detailed that there was an issue with a payment processor blocking Tor exit nodes, but the full transition to monero was always planned. A number of crypto proponents have reported on the darknet marketplace, White House dropping bitcoin (BTC) payments in order to… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Monero [XMR] may not be among the top 10 cryptocurrencies, but it has been moving in sync with the largest digital asset, Bitcoin. At the time of writing, the price of XMR has been appreciating and has not witnessed a dip. The trading price of the digital asset was $160.12 with a market cap of $2.849 billion. XMR Daily chart Source: XMRUSD The daily chart… Source link

It took bitcoin (BTC) 10 years in existence to reach the $20,000 mark, on Dec. 15. Then it took just 15 days to reach $29,000. It took the Dow Jones almost three years to make the same move. Bitcoin started the year at $7,200. It’s ending the year close to $30,000, up 296%. (For comparison, the Nasdaq is up 43% in 2020, the S&P 500 up 16%, the Dow up 7%.) The 2020 bitcoin bonanza can be chalked up to a convergence of many positive factors, as well as a convergence of narratives. In the past,… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Litecoin’s market has been devoid of significant volatility, with its charts seeing very dull price movement. Despite its strong bond with Bitcoin, Litecoin has been consolidating on the charts, with LTC yet to see strong price movement. At the time of writing. the price of LTC was $127 while noting the emergence of strong selling pressure. Litecoin one-hour… Source link

Photographer: Chris Ratcliffe/Bloomberg Photographer: Chris Ratcliffe/Bloomberg Bitcoin vaulted above $29,000 to reach yet another record level on the last day of 2020, in a fitting end to a groundbreaking year for the… Source link

Cryptocurrency mining rigs sit on racks at a Bitfarms facility in Saint-Hyacinthe, Quebec, Canada, on Thursday, July 26, 2018. Bitcoin has rallied more than 30 percent in July, shrugging off security and regulatory concerns that have plagued the virtual currency for much of this year. … Source link

Share Tweet Share Share Share Email This year is one for the history books for all sorts of reasons, not all of them bad. For cryptocurrencies, 2020 shaped up to be a banner year. And as we start the clock on 2021, a number of people, places and trends bear watching because, after all, it’s not as if everything stops on Dec. 31. First things first, as they say. The wild price swings in this space are only part of the story, but they do indeed form a large part of the narrative we’ll see… Source link

Bitcoin has continued to climb over the last week, adding to a more-than-50% gain through December. The bitcoin price has brushed $30,000 per bitcoin during the last 24 hours, hitting $29,300 per bitcoin on the Luxembourg-based Bitstamp exchange, up four-fold from the beginning of 2020 and on track for its biggest monthly gain since May 2019. Now, after the U.S. Treasury department proposed new “onerous” new bitcoin and crypto regulations, the chief executive of one of the world’s biggest… Source link