Ether (ETH) returned to $500 for the first time in more than two years on Nov. 20 as altcoins slowly staged a comeback from poor performance. Cryptocurrency market overview from Coin360. Ether price sees $500 after more than two years Data from Cointelegraph Markets, Coin360 and TradingView showed ETH/USD briefly hitting the psychologically significant barrier in Friday trading before a rejection halted progress. Despite being capped at roughly 6% daily gains at press time, Ether’s achievement… Source link

Litecoin price is up over 10% and it broke the $80.00 resistance against the US Dollar. LTC is consolidating gains and dips are likely to be limited below $78.00 and $76.50. Litecoin started a strong increase above the $75.00 and $80.00 levels against the US Dollar. The price traded to a new monthly high near $84.12 and settled above the 100 simple moving average (4-hours). There was a break above a contracting triangle with resistance near $75.10 on the… Source link

The price of BTC has more than doubled since the Bitcoin’s third block reward halving in May. Or to be precise, BTC has gained 110% since the halving, with prices rallying from $8,566 on May 11, 2020 to test $18,000 as of this writing. According to a Nov. 19 report from crypto analytics firm Chainalysis, levels of liquidity and exchange flows have changed dramatically since the halving. The firm identifies illiquid, or investor-held Bitcoin, as “wallets that send less than 25% of Bitcoin… Source link

Bitcoin remains below its high set earlier in the week, but out of nowhere, Litecoin has surged an additional 13% today alone, capping off a 33% green week for the previously lagging altcoins. But why is the altcoin offered referred to as digital silver soaring so wildly compared to the rest of the crypto space, Bitcoin including? Here are a dozen or so key factors behind the Litecoin rally and why an end is nowhere in sight. Litecoin Soars 13% Intraday, Is A… Source link

Since topping out at $18,476 on Nov. 17, Bitcoin price has been flirting with the $18,000 level as bulls fight to flip the level to support and chase after the all-time high at $19,789.  While this battle takes place and the bulk of crypto and mainstream finance outlets focus on Bitcoin price, a number of less-loved crypto assets are producing generous returns for investors. DeFi Assets Index. Source: Messari As shown by Messari’s DeFi assets index, many of the top tokens are providing… Source link

Ether (ETH-USD)the currency for the Ethereum blockchain, benefits from a unique set of macroeconomic and technological drivers. The issuance of Ether is slowing down, and the amount of Ether available for trading is being reduced, while demand from investors increases. As a result, the value of Ether will likely increase over the coming years. How Ether is Different From Bitcoin The bitcoin blockchain validates, stores, and replicates transaction data across a distributed network of… Source link

Hundreds of millionaires have revealed in a new survey that they have either already invested in bitcoin or are planning to invest in the cryptocurrency in the next couple of years. Millionaires Don’t Want to Miss Out on Bitcoin A new global poll by Devere Group shows that 73% of millionaires will invest in cryptocurrencies, such as bitcoin, ethereum and XRP, before the end of 2022 or are already investing in them…. Source link

Reuters / Dado Ruvic Bitcoin has surged nearly 150% in 2020 and rose above the $18,000 threshold on Wednesday for the first time in three years. Billionaire investor Chamath Palihapitiya said in 2017 that the coin could reach $1 million in the next 20 years, while Michael Novogratz sees the coin surging to $60,000 in the next twelve months. Meanwhile, so-called Bond King Jeffrey Gundlach said “I don’t believe in bitcoin. I think it’s a lie.” Detailed below is what seven investing… Source link

Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin (BTC).  The catalysts are increasing adoption, whales, inflows from other products into Bitcoin, and influence from other markets. Alameda Research is a major cryptocurrency firm that trades a variety of cryptocurrencies and derivatives, with a volume between $600 million and $1.5 billion a day. The weekly price chart of Bitcoin. Source: TradingView.com Overall… Source link

Bitcoin (BTC) can hit $100,000 in five years and $1 million by 2035, Nugget’s News CEO Alex Saunders has told Cointelegraph. Speaking in an interview with Cointelegraph Markets analyst Michaël van de Poppe on Nov. 18, Saunders described current conditions as a “perfect backdrop” for new highs. Saunders: $1M Bitcoin price by 2035 “It’s either going to keep going like right now in the next few weeks and get to $20,000 very… Source link