Reuters Bitcoin plummeted as much as 6% on Monday, representing the deepest drop in the crypto asset in nearly a month. The decline comes after Bitcoin rocketed to record highs above $24,200 as adoption among institutional investors and companies like Square, and PayPal increases. A reported hack at the hardware wallet firm Ledger as well as the US Treasury’s proposed rules that would reign in the cryptocurrency likely weighed on investor sentiment. Watch bitcoin trade live here.  Source link

Ethereum, the second largest cryptocurrency by market capitalisation, has crossed $600 News of Bitcoin breaching the $23,000 mark — its highest valuation ever — has electrified investors globally. With Ethereum, the second largest cryptocurrency by market capitalisation, also going past $660, market sentiment around digital currencies is more upbeat than ever before. Bitcoin will maintain its propensity to advance in price into 2021, with macroeconomic, technical… Source link

Bitcoin Bitcoin, BTC to USD, rallied by 22.14% in the week ending 20th December. Reversing a 1.18% fall from the previous week with interest, Bitcoin ended the week at $23,427.0. It was a mixed start to the week. Bitcoin fell to a Monday intraweek low $19,008.3 before making a move. Steering clear of the first major support level at $18,053, Bitcoin surged to a Sunday intraweek high and a new swing hi $24,244.0. Bitcoin broke through the week’s major resistance levels on the way to a new… Source link

Bitcoin Era Software Review Bitcoin Era is a trading platform that allows its clients to trade in Bitcoin and other cryptocurrencies. New York City, NY, Dec. 20, 2020 (GLOBE NEWSWIRE) — If a person is looking to put their money in the crypto market, there are two ways to do it. Either they can choose to invest, or they… Source link

The Ethereum network’s 2.0 transition has pushed the protocol to become one of the largest staking networks in the world with 1,683,905 ether locked into the contract worth $1 billion today. According to reports from China, while proof-of-work ethereum miners have two years left to mine the leading crypto asset, ten Chinese mining rig manufacturers are reportedly racing to create a next-generation ether mining… Source link

Ethereum Ethereum fell by 3.10% on Sunday. Reversing a 0.66% gain from Saturday, Ethereum ended the week up by 8.12% to $638.4. A bullish start to the day saw Ethereum rise to a late morning intraday high $661.40 before falling to $642 levels. Ethereum fell through the first major support level at $646.31 before briefly revisiting $658 levels. A late sell-off, however, saw Ethereum slide to a late intraday low $621.46. The sell-off saw Ethereum fall through the first major support level at… Source link

Litecoin poised to retest $1,000 if the bullish scenario materializes. The short correction may take the price to $100 before the growth is resumed. Litecoin hit $124 on Saturday, December 19. The last time LTC was seen that high in July 2019. During the previous week, a robust bullish momentum pushed the coin to fifth place in the global cryptocurrency market rating. Now it has a capitalization of $7.6 billion, while its average daily trading volume is registered at $8.6 billion.  At… Source link

Tesla TSLA chief executive Elon Musk has sparked speculation his electric car company could add bitcoin to its balance sheet during a public exchange on Twitter. Musk, the billionaire serial entrepreneur who’s ridden Tesla’s soaring share price toward the top of the global rich list this year, asked whether it was possible to convert billions of Tesla’s dollars to bitcoin. MORE FROM FORBESCoinbase CEO Brian Armstrong Issues Serious Warning As Bitcoin Surges Toward $25,000By Billy… Source link

Disclaimer: The findings of the following analysis are the sole opinion of the writer and should not be taken as investment advice Litecoin supporters still value it, which is the only reason it is still around. Apart from being considered as the silver to Bitcoin’s gold and having cheaper, faster transactions, it doesn’t seem to be serving much of a purpose. However, considering it has survived the bear market and massive crashes, it seems to be doing something right. Litecoin… Source link

Lucas Jackson/Reuters Bitcoin bull Mike Novogratz explained two pandemic-induced trends that accelerated the “cryptocurrency revolution” during a Real Vision interview published Friday.  The first: the policy response to the global pandemic, specifically from the US government he said. And the second trend: the “digitalization of everything.”  “We are going to look back and in some weird way, this is going to have been a blessing for the cryptocurrency revolution,” Novogratz… Source link