Ethereum Ethereum slid by 7.93% on Friday. Reversing a 3.29% gain from Thursday, Ethereum ended the day at $567.60. A mixed start to the day saw Ethereum rise to an early morning intraday high $620.56 before hitting reverse. Falling short of the first major resistance level at $632.11, Ethereum slid to a late intraday low $566.0. The sell-off saw Ethereum fall through the first major support level and the second major support level at $570.65. Late in the day, Ethereum moved back through the… Source link

Some bitcoin selling on Friday caused its price to decline. Ether options traders appear less inclined to place bets on the asset’s price, as evidenced by lower Deribit volume. Bitcoin (BTC) trading around $18,975 as of 21:15 UTC (4:15 p.m. ET). Slipping 2.1% over the previous 24 hours. Bitcoin’s 24-hour range: $18,717-$19,556 BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Bitstamp since Dec. 1.Source: TradingView Bitcoin prices… Source link

Less than a week ago, bitcoin’s price set a new all-time high at $19,920.53. However, the oldest cryptocurrency is still struggling to break above the $20,000 level.  The reason that milestone remains elusive, according to analysts and traders, is simple: There are too many sell orders very near the $20,000 level because some bitcoin holders are afraid of near-term sell-offs. That price point is particularly significant because it’s roughly where the market topped out in the late 2017… Source link

Bitcoin Bitcoin witnessed a strong 10.6% price surge this past week as the cryptocurrency is trading at $19,000. It had recovered from the $17,186 level last Friday and started to push higher over the weekend. The coin went on to scratch the previous ATH level of $19,907 (Coinbase price) on Monday. Unfortunately, it turned away from the ATH and headed lower on Tuesday into the $18,330 support (.236 Fib Retracement). It has since bounced higher to re-test the ATH-day closing price at $19,646… Source link

Traders have begun unwrapping tokenized bitcoins. The U.S. Treasury Department will keep a vigilant eye on digital innovations. And trading volumes on OKEx have plummeted.  Top shelf Forced burnRipple Chief Technology Officer David Schwartz tweeted the community could force the burning of billions of the protocol’s XRP native tokens held in escrow to prevent the drop in price that would likely occur should those billions in frozen tokens ever flood the market. On Dec. 2 a Twitter user asked… Source link

Photographer: Luke MacGregor/Bloomberg While Bitcoin’s record-high grabs attention, its crypto compatriot Ethereum is continuing to broaden its appeal beyond the software programming crowd. Before this year, most investors’ first stop was Bitcoin, according to Michael Sonnenshein, managing director at Grayscale Investments LLC, which has investment products that track both and allows… Source link

Kevin Mazur/Getty Images/Robin Hood Paul Tudor Jones told Yahoo Finance he expects bitcoin to go “substantially higher” as more countries adopt digital currencies over the next 20 years.  He said that cryptocurrencies will have a “crazy rocketship ride up and down along the way,” to global adoption.  “I’m going to assume that it’s the wrong price for the possibilities that it has and I’m going to assume that the path forward from here is north,” the investor said on bitcoin. Source link

Bitcoin has been winning hearts and minds throughout 2020 amid unprecedented central bank money printing and the coronavirus-induced digitalisation of day-to-day life. The bitcoin price has soared since crashing to around $4,000 per bitcoin in March, climbing to its 2017 all-time high of around $20,000—though has failed to cross the psychological barrier. Now, a top market strategist at the research arm of New York-based global investment manager AllianceBernstein, which has $631 billion… Source link

Litecoin has lost the ground above $90, adding credibility to the potential freefall to $80. A sell signal on the weekly chart suggests that the correction is almost inevitable before LTC rebounds significantly. Litecoin refreshed the highs above $90 but left $100 untouched. The failure to sustain the uptrend has led to a drop below $90. LTC/USD is teetering at $88 amid bearish signals favoring losses eyeing $80. Litecoin prints a massive bearish picture LTC has… Source link

The price of bitcoin is trending up in a low-volume environment. Meanwhile, some rebalancing from bitcoin into ether has been occurring on exchanges since late November. Bitcoin (BTC) trading around $19,363 as of 21:00 UTC (4 p.m. ET). Gaining 1.4% over the previous 24 hours. Bitcoin’s 24-hour range: $18,809-$19,607 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since Nov. 30.Source: TradingView The bitcoin market is back to… Source link