Meanwhile XRP, the third-largest cryptocurrency, has surged nearly 25%. Litecoin, Polkadot, Cardano and Stellar, which are all among the top dozen biggest cryptocurrencies, have enjoyed larger gains than bitcoin, too. “Part of what’s going on is simple math. Smaller coins can have bigger [percentage] moves and there are a lot of other coins that people can invest in,” said Greg King, CEO of Osprey Funds, a firm that invests in digital currencies. To that end, bitcoin is significantly larger… Source link

Photographer: Chris Ratcliffe/Bloomberg It’s not just Bitcoin. A number of cryptocurrencies are posting even gaudier numbers than the progenitor of digital money. Ethereum, a longtime favorite of tech geeks, has quintupled in value since its 12-month low on March 16, besting Bitcoin’s 295% increase in the same period. And XRP, a lightning rod for crypto-critics, has doubled in value… Source link

I have looked on with interest over the past two months as bitcoin has climbed to approach its previous all-time high. That old high-water mark occurred in the midst of hysteria. The price action of the time, three years ago, can only be described as mania. It was, to use the Gartner Hype Cycle language, the “Peak of Inflated Expectations.” In financial terms, it was a bubble. This rally is different. This time has not been marked by a wild influx of speculative investors. We have not… Source link

An “elegant” Bitcoin (BTC) metric that predicted its run to $12,000 in August has flashed bullish again for the first time since July. As noted by creator Charles Edwards on Dec. 3, the Hash Ribbons indicator is now signaling for buyers to enter the Bitcoin market. Hash ribbons post rare “blue dot” Uploading an annotated chart to social media, Edwards, who is also the founder of digital asset manager Capriole, noted similarities between Bitcoin now and before the previous bullish… Source link

After an impressive run to a new all-time high on Dec.1, Bitcoin (BTC) price appears to have entered a short consolidation phase as the price ranges between $18,200 and $19,500.  The 1 and 4-hour charts show the price compressing into a pennant-like structure and break out from the pattern would likely see the price move to the $19,400 level where is a bit more resistance. BTC/USDT 4-hour chart. Source: TradingView A breakthrough the pennant would also suggest that the $19,000 level could now… Source link

In brief The amount of Bitcoin locked up on Ethereum soared from nearly zero to $2 billion from June to October. Now, that number is beginning to drop. Bitcoin’s rising price could have something to do with it, as well as DeFi incentives drying up. The amount of Bitcoin locked up in Ethereum is on the decline, as traders withdraw their Bitcoin from Ethereum’s DeFi smart contracts and sell it on the open market. In the past 12 days, the amount of Bitcoin on Ethereum has declined from… Source link

Those new to crypto, such as the institutional investors recently buying into bitcoin’s “digital gold” narrative, might now be looking around for the next big thing. With the long-anticipated arrival of the Ethereum 2.0 upgrade on Dec. 1, that could be the network’s native token, ether. But analysts say ether should be judged on its own merits and not as a bitcoin replacement. “I’ve always thought this digital asset space is huge – and it’s not just bitcoin – because there… Source link

It’s alive! Welcome, everyone, to the first edition of Valid Points, CoinDesk’s ongoing effort to chronicle the evolution of Ethereum 2.0. You can sign up for the newsletter here. Today we’re commemorating the launch of Ethereum 2.0, which marks the beginning of Ethereum’s live transformation into a proof-of-stake blockchain. The new blockchain is said to be several times more efficient, scalable and secure than the current decentralized application network.  While Ethereum 2.0 will… Source link

Visa Inc. headquarters in Foster City, California, U.S., on Nov. 23, 2020. After two years of work, Visa is opening up its network to USDC, a digital dollar created by Circle Internet Financial and issued on the public ethereum blockchain. David Paul Morris/Bloomberg Credit card giant Visa today announced it is connecting its global payments network of 60 million merchants to the U.S. Dollar Coin (USDC) developed by Circle Internet Financial on the ethereum blockchain. The… Source link

Dreamstime Text size Bitcoin hit another new all-time high Tuesday, touching… Source link