The cryptocurrency economy has been higher in value than ever before as bitcoin has touched an all-time price high at $24,298 per unit. Regardless of the all-time price highs, the world’s bitcoin miners are not spending more bitcoin than usual according to onchain statistics. Bitcoin miner outflow has been higher during the bull run but also lower than the 2019 top. Speculators assume that when the price of bitcoin ( Source link

“Shark Tank”/ABC Kevin O’Leary told CNBC on Thursday bitcoin is irrelevant to financial markets and at risk of regulation.  His comments come as an increasing number of institutions like Guggenheim and SkyBridge capital invest millions into the cryptocurrency, driving a rally of over 200% in 2020.  “I’m waiting for the day that one of these regulators comes down hard on bitcoin. Grown men are going to weep when that happens. You’ll never see a loss of capital like that ever… Source link

What happened Shares of Grayscale Ethereum Trust (OTC:ETHE), a fund designed to allow traditional investors to invest in the non-traditional asset known as Ether, are getting crushed today. As of 11:20 a.m. EST, it’s down a whopping 18%. By contrast, Ether is only down 3% over the past 24 hours. In theory, the movements shouldn’t diverge this much. What gives? So what I can objectively say that Grayscale Ethereum Trust is wildly overvalued, and that’s probably why shares are falling… Source link

XRP has been showing massive weakness as the cryptocurrency is being sued by the SEC. Its price tumbled significantly from $0.65 to $0.21 in four days, a crash of 67%. Meanwhile, other altcoins also corrected significantly in the past 24 hours as investors probably fear that XRP may not be the only coin on the SEC’s radar. Ether (ETH) dropped by 14% on Dec. 24 and then bounced at $550. While Chainlink corrected 38% toward a recent low of $8. Sushiswap (SUSHI) saw the largest correction and… Source link

Litecoin retreated from the recent high amid healthy correction. The price may extend the decline if $100 is broken. Litecoin (LTC) topped at $124.7 on December 19 ad started the correction. At the time of writing, the token is changing hands at $102, down about 20% from the recent high. The global see-off on the cryptocurrency market increased the bearish pressure on LTC; however, it looks pretty healthy relative to other major digital assets. Currently, Litecoin… Source link

Litecoin price started a steady decline from the $125 resistance zone against the US Dollar. LTC price even declined below the $100.00 level and spiked below the 55 simple moving average (4-hours). There is a major declining channel forming with resistance near $108.00 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair is likely to find a strong buying interest near the $92.40 and $90.00 levels. Litecoin price is slowly moving lower from well above $110.00 against the… Source link

The bitcoin and cryptocurrency community, fiercely protective of its privacy, has been rocked by a massive data breach that’s seen the personal information of over 270,000 bitcoin and cryptocurrency users published online. The data, stolen from popular France-based bitcoin and cryptocurrency hardware wallet Ledger in a July hack, was last week published on RaidForums, a marketplace for buying, selling, and sharing hacked information. Many bitcoin and cryptocurrency investors have since… Source link

Ethereum Ethereum slid by 8.11% on Wednesday. Reversing a 4.73% gain from Tuesday, Ethereum ended the day at $585.11. A mixed start to the day saw Ethereum rise to an early morning intraday high $638.75 before hitting reverse. Falling well short of the first major resistance level at $654.37, Ethereum slid to a late intraday low $551.45. Ethereum fell through the first major support level at $603.41 and the second major support level at $569.99. Steering clear of the 23.6% FIB of $536, however,… Source link

What happened Bitcoin is the most popular cryptocurrency in the world and bitcoin mining operations keep the tokens flowing. Some miners have chosen to list their companies on the stock market, allowing investors a chance to own a piece of these companies. And December 2020 is a month bitcoin mining investors… Source link

Jay Clayton, chairman of the U.S. Securities and Exchange Commission (SEC), wears a protective mask … [+] while speaking during a House Financial Services Subcommittee hearing in Washington, D.C., U.S., on Thursday, June 25, 2020. Clayton was surprised and dismayed by the political battle that quickly erupted over his pending nomination to be the top federal prosecutor in New York, said people familiar with the matter. Photographer: Brendan Smialowski/AFP/Bloomberg … Source link