Litecoin retreated from the recent high after a strong rally. The price may extend the decline if it fails to clear $130. Litecoin (LTC) topped at $139.3 on December 27, and the bulls hit the pause button. At the time of writing, the token is changing hands at $128, down 4% on a day-to-day basis. Despite the retreat, it is still 25% higher on a weekly basis. Litecoin is highly correlated with Bitcoin. So the see-off of the pioneer digital currency from the all-time… Source link

Users of cryptocurrency, advocates for freedom, and believers in privacy can voice their concerns by contacting FinCEN Tweet this The proposed rules — available at public-inspection.federalregister.gov/2020-28437.pdf — are vague when concreteness is needed, as this is in an area that can easily go very wrong. Today’s Know Your Customer/Anti-Money Laundering (KYC/AML) regulations hurt innocent Americans that inadvertently cross them. “Many people don’t know that just depositing or… Source link

President Donald Trump has finally signed off on the long-awaited $900 billion coronavirus relief bill, meaning many Americans will soon receive a second stimulus check for $600—though it could be significantly higher. Back in the spring, as part of the first round of coronavirus stimulus measures, people received checks for around $1,200. That money, if used to buy the highly-volatile cryptocurrency bitcoin, could now be worth almost $5,000 after the price of bitcoin jumped from under… Source link

Ethereum Ethereum rose by 6.66% on Monday. Following on from a 7.42% rally on Sunday, Ethereum ended the day at $729.70. A mixed start to the day saw Ethereum fall to an early morning intraday low $680.90 before making a move. Steering clear of the first major support level at $634.42, Ethereum rallied to a late intraday high and a new swing hi $747.00. Ethereum broke through the first major resistance level at $724.4 to wrap up the day at $729 levels. At the time of writing, Ethereum was up by… Source link

Bitcoin has mostly traded in a tight, low-volume range Monday while some profit-taking from bitcoin into ether is appearing on the ETH/BTC charts. Bitcoin (BTC) trading around $26,822 as of 21:00 UTC (4 p.m. ET). Gaining 2.3% over the previous 24 hours. Bitcoin’s 24-hour range: $25,759- $27,447 (CoinDesk 20) BTC very near its 10-hour and 50-hour moving averages on the hourly chart, a sideways signal for market technicians. Bitcoin trading on Bitstamp since Dec. 25.Source: TradingView

A small toy figure and representations of the virtual currency Bitcoin stand on a motherboard in this picture illustration Reuters Bitcoin mining companies Riot Blockchain and Marathon Patent Group soared on Monday morning as investors anticipate bitcoin’s continued rally into 2021.  Both mining companies recently announced purchases of more bitcoin mining equipment. On Monday, Marathon Patent Group purchased 70,000 miners for $170 million from Bitmain. The stock moves come after Source link

The price of Ether (ETH) has surged past $730 for the first time since May 2018. Following ETH’s breakout, traders are becoming more optimistic in its short-term trajectory. There are two major factors behind ETH’s strong rally: a strong technical market structure and the CME Ethereum futures listing in January 2021. Ethereum continues to see the “higher high” pattern In technical analysis, the higher high pattern often indicates strong momentum because it shows every new peak is higher… Source link

Bitcoin has continued its huge December rally over the last few days, climbing to a total value of around half a trillion dollars. The bitcoin price, breaking $28,000 per bitcoin for the first time ever over the Christmas weekend, has added over 50% this month—with other major tokens ethereum and litecoin surging along with it. The December Santa rally, pushing bitcoin well beyond its 2017 all-time highs and helping ethereum and litecoin reach triple-digit percentage point gains for… Source link

With $30,000 Bitcoin in sight, analysts wonder how high it could go | Fortune … Source link

Share Tweet Share Share Share Email The price of bitcoin has passed $28,000 on Sunday (Dec. 27) just hours after also passing $27,000 for the first time, according to the NASDAQ. In a continuing showing of the strength of the cryptocurrency, bitcoin is now valued at $500,000, according to the report. The rise of the currency’s value has been surging just over the past holiday weekend, breaking $25,000 on Friday (Dec. 25) and then $26,000 on Saturday (Dec. 26). In the U.K., bitcoin has become… Source link