Weak volumes and rotations into other cryptocurrencies are likely impeding bitcoin’s price movement from going higher. Meanwhile, ether has been more volatile than bitcoin in 2020 and could remain that way. Bitcoin (BTC) trading around $18,349 as of 21:00 UTC (4 p.m. ET). Gaining 0.14% over the previous 24 hours. Bitcoin’s 24-hour range: $17,904-$18,652 (CoinDesk 20) BTC slightly above its 10-day and 50-day moving averages, a bullish trending signal for market technicians. Bitcoin trading on… Source link

The number of developers in crypto is ticking up again, according to the annual developer report from venture firm Electric Capital. And one network remains a clear winner in terms of attractiveness to coders. “More than 300 new developers per month are joining Ethereum,” Maria Shen, a partner at Electric and the report’s author, told CoinDesk. “Ethereum has continuously grown through Crypto Winter.” The report tracks ecosystems by blockchain. In other words, a Bitcoin developer is… Source link

Bitcoin (BTC) was lower while staying mostly within this month’s range of roughly $18,200 to $19,700. “Upward price action seems to stall, and our analysts believe more inertia is required to push bitcoin beyond the $20,000 psychology barrier,” Lennard Neo, head of research for the cryptocurrency investment firm Stack Funds, wrote Thursday in a report.  In traditional markets, European shares were lower even after the European Central Bank boosted the size of an emergency bond-buying… Source link

Bitcoin (BTC) investors have “not long” to accumulate before a continuation of the bull run past $20,000, a new report says. Released on Dec. 10, the Weekly Report from Asian crypto fund provider Stack Funds predicts that one indicator in particular will follow historical precedent and propel Bitcoin higher. Report: You can buy BTC, but “not for long” According to Slack, the market cap to thermo cap ratio (MCTC) is showing signs of repeating its performance in 2017, the year in which… Source link

What renowned chartists think about the short-term direction of Bitcoin price Bitcoin price seems to be responding accordingly as many expert traders appear to have agreed to the downward market outlook to be expected in the short term. Of late, it is likely that market participants have become more risk-averse.   Litecoin Price Prediction: LTC buyers struggle to justify bounce off five-week-old support above 77.00 LTC/USD fails to extend the pullback from an… Source link

Ethereum Ethereum rose by 3.35% on Wednesday. Partially reversing a 6.21% slide from Tuesday, Ethereum ended the day at $573.38. It was a bearish start to the day. Ethereum fell through the first major support level at $536.78 to a late morning intraday low $530.32 before making a move. Finding support going into the afternoon, Ethereum rallied to a late intraday high $578.67. Falling short of the first major resistance level at $584.13, however, Ethereum eased back to sub-$580 levels to limit… Source link

Bitcoin prices have been trading mostly range-bound today after dropping below $18,000 and then … [+] recovering. (Photo by Jordan Mansfield/Getty Images) Getty Images Bitcoin prices fell to nearly $17,600 today, declining to their lowest since late November before bouncing back. Since experiencing this volatility, the digital currency has been trading primarily within a relatively tight range between $18,000 and $18,500, CoinDesk figures show. … Source link

Bitcoin’s Dec.8 breakdown to $17,650 weighed heavily on most altcoins and Ether was not spared from the carnage.  Daily cryptocurrency market performance. Source: Coin360 As the price of Bitcoin (BTC) dropped precariously close to a large CME gap at $17,000, Ether (ETH) price fell below the 20-MA to $529. At this level, Ether became oversold on RSI and the bounce from that region was strong enough to bring the price back to the 20-MA. ETH/USDT 4-hour chart. Source: TradingView At the time of… Source link

Bitcoin has piqued the interest of big banks on Wall Street this year but now the tables have turned. Bitcoin and cryptocurrency payments company BitPay has filed paperwork with the U.S. Office of the Comptroller of the Currency (OCC) to create a national bank—named the BitPay National Trust Bank. BitPay, a bitcoin and cryptocurrency payments firm, has filed to become a U.S. national bank. SOPA Images/LightRocket via Getty Images “This is the first step… Source link

Simply Put: Is Investing in Litecoin Risky? Litecoin is a peer-to-peer cryptocurrency network and open-source project that expands upon the original technology behind Bitcoin. Litecoin was among the 1st altcoins to enter the market and is currently the 5th largest cryptocurrency in the world in market capitalization. Litecoin offers a number of benefits for users over Bitcoin, including faster processing speeds, fewer opportunities for hackers and lower transaction… Source link