Ether (ETH), the native cryptocurrency of the Ethereum blockchain, has been lagging behind Bitcoin (BTC). Historically, when BTC surges, altcoins tend to rally with larger upside price movements. This time, Bitcoin has been clearly outperforming the altcoin market, particularly in December. BTC market cap dominance has recently risen to a one-year high of around 70%, largely due to the big sell-off in XRP in the past week.  BTC/USD vs. ETH/BTC (yellow), LTC/BTC (orange), XRP/BTC (blue) 1-day… Source link

Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice  The cryptocurrency market is once again rising to the tune of Bitcoin’s movement. As the world’s largest cryptocurrency climbed to $25k, albeit briefly, the rest of the market rallied too. Although not at a peak, Litecoin’s price, at the time of writing, matched its trading levels in the month of July. At the time, LTC was trading at $129.23 with a… Source link

Despite the excitement and enthusiasm in the Ethereum community, many people don’t yet fully understand the significance – and the opportunity – of the second-largest blockchain for large institutions and enterprises.  The nature of network participation is changing dramatically as well as the incentive mechanisms for securing open permissionless protocols, demonstrated by Ethereum’s shift to a radically new consensus mechanism. This post is part of CoinDesk’s 2020 Year in… Source link

For the first time ever, we are publishing the Forbes Crypto Awards. Not everyone will be happy they’re on the list. Fed chairman Jerome Powell takes the honors as our person of the year: In a pandemic year when the Fed printed so much stimulus money that the central bank saw its balance sheet nearly double in size, our Forbes Awards judge Anthony Pompliano of Morgan Creek Digital credits Powell with running a “$3 trillion marketing campaign for bitcoin.” Here are our picks for the… Source link

The price of Bitcoin (BTC) surpassed $25,000 on Dec. 25, reaching a new all-time high of $25,020 on Bitstamp and surpassing the market cap of Visa in a historic milestone. Visa, the financial services giant, is valued at $460.06 billion according to Yahoo Finance. As of Dec. 26, Bitcoin is comfortably hovering above $462 billion. Top 13 companies’ market capitalization. Source: Companiesmarketcap.com But isn’t Visa and Bitcoin not an apt comparison? Bitcoin is essentially a peer-to-peer… Source link

Bloomberg Alibaba U.S.-Listed Shares Tumble Most Ever on China Monopoly Probe (Bloomberg) — Alibaba Group Holding’s U.S.-listed shares tumbled the most ever on concern over China’s inquiry into alleged monopolistic practices at the e-commerce company.Affiliate Ant Group Co., the other pillar of billionaire Jack Ma’s internet empire, was also summoned to a high-level meeting over financial regulations. The pressure on Ma is central to China’s broader effort to rein in an increasingly… Source link

Ethereum Ethereum rose by 2.37% on Friday. Following on from a 4.60% rally on Thursday, Ethereum ended the day at $626.75. A mixed start to the day saw Ethereum fall to an early morning intraday low $604.26 before making a move. Steering clear of the first major support level at $580.26 Ethereum rallied to a late morning intraday high $633.97. Ethereum broke through the first major resistance level at $629.64 before sliding back to $606 levels. Finding late support, however, Ethereum moved back… Source link

Calling Litecoin a surprise performer in the present bull run is odd. The asset has been a major altcoin for years but over the course of 2020, other assets had overshadowed LTC. During several rallies, LTC remained quiet, and the likes of Chainlink, Binance Coin, and even Polkadot overtook on several occasions. The recent bullish rally set the record straight. LTC/USD on Trading View Before its spike on 16th November, Litecoin’s 2020 high was $82, in February 2020. Since then, it had… Source link

2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth and more in 2020, and to reflect on what all of this might mean for 2021. These writers responded with a collection of thoughtful and thought-provoking articles. Click here to read all of the stories from our End Of Year 2020 Series. In a year overflowing with chaos throughout… Source link

Thanks to Bitcoin’s overwhelming market dominance, the altcoin market’s high correlation stats with BTC shouldn’t be unexpected. Despite Bitcoin maintaining its bullish position on the charts, many of the market’s alts haven’t quite replicated that movement, with the likes of Monero, Dash, and Augur moving in the opposite direction instead. Monero [XMR] Source: XMR/USD on TradingView Monero, the market’s leading privacy coin, by and large, remained on a steady uptrend over the… Source link