It’s been all about Bitcoin (BTC) in recent months with altcoins suffering as a result and BTC dominance reaching a new local high of 67.5% over the past few days. However, a reversal typically occurs once altcoins start to show such major weakness and altcoin traders are in depression. The leading indicator for such a U-turn is Ether (ETH), which is now in a do or die position against its BTC pair. New higher high for ETH in first uptrend since bear market ETH/USD 1-week chart. Source: Source link

Bitcoin regains ground above $23,000, inspires the bulls The cryptocurrency market has started the recovery from the short-lived decline, with most of the coins turning green again on a day-to-day basis. While the low base effect is definitely something to consider, the overall sentiments are improving slowly across the board. UMA is still the hottest altcoin out of top-50 with nearly 40% growth. It is followed by THETA with 18% gains. XRP is an outsider. The coin… Source link

Disclaimer: The findings of the following article are the sole opinion of the writer and should not be taken as investment advice The crypto market has been noting gradual drops after a period of consolidation. This was particularly visible in the altcoin market and such was the case for Litecoin’s price action. The coin’s price has been consolidating in the short-term, and another sell-off can be expected in the market. The current trading value of the digital asset was $106 with a … Source link

Monero (XMR) has been struggling to regain its bullish momentum since reaching a high on Dec. 19. However, the decrease only served to validate the breakout level and Monero is expected to move upwards once more.   Monero Long-Term Movement The weekly chart shows that XMR is trading between major support and resistance levels of $133-$166, created by the 0.382-0.5 Fib retracement levels of the most recent downward move. XMR was rejected on Dec. 17 after reaching a… Source link

It’s that time of year again, so let’s take a look at some cryptocurrency and blockchain predictions for 2021. getty This past year has been a tumultuous one to put it mildly, but against that backdrop the blockchain and cryptocurrency sectors continued to advance, develop, and grow. Whether it took the form of increased regulatory attention and clarification, wider adoption of bitcoin and other cryptocurrencies as a medium of exchange, or the broader utilization… Source link

Litecoin is poised to retest $90 amid the technical correction. On the upside, the local barrier is seen on approach to $110. Litecoin retreated from the recent high of hitting $124 on Saturday, December 19, to trade at $100 by the time of writing. The fifth-largest asset lost over $100 million of value in less than 24 hours amid a significant sell-off on the cryptocurrency market; the con has lost over 14% on a day-to-day basis, though it is still 22% high on a… Source link

What happened The bitcoin rally has faded for now. According to CoinDesk, bitcoin hit an all-time high of $24,273 on Sunday, but it’s pulled back about 6% as of this writing. But even though bitcoin is down today, stocks for bitcoin miners are up. Consider how these stocks ended the day: The movement of these… Source link

Ethereum Ethereum slid by 4.72% on Monday. Following on from a 3.10% fall on Sunday, Ethereum ended the day at $608.07. A mixed start to the day saw Ethereum rise to a mid-morning intraday high $648.35 before hitting reverse. Falling well short of the first major resistance level at $659.38, Ethereum slid to a mid-day intraday low $596.90. The sell-off saw Ethereum fall through the first major support level at $619.44. Finding support at the second major support level at $600.48, Ethereum… Source link

On Dec. 17 , Ether (ETH) price rallied to $677, its highest level since May 2018, and it seems the top altcoin’s price was driven by Bitcoin’s (BTC) swift move above $21,000. It’s also possible that the CME’s ETH futures launch announcement also played its part. Solid fundamentals and positive newsflow also seem to be helping Ether to hold above $640 for the past few days, and despite today’s dump, these fundamentals remain. Eth2 staking surpassed $1 billion in total value locked,… Source link

TipRanks Goldman Sachs Says These 3 Stocks Could Surge Over 30% From Current Levels After a true annus horribilus, we’re all ready for better times. The US equity strategy team at Goldman Sachs, led by David Kostin, sees those better time ahead, and in the near-term. The team is predicting a 25% gain for the S&P 500 within the next 24 months – or to put it in absolute numbers, they believe the index will hit 4,600 by December 2022. Kostin lays out four clear reasons for believing that… Source link