Bitcoin has been trading near $40,000 after surpassing that price level earlier today. 3D Rendering Getty Bitcoin prices surpassed $40,000 earlier today and have been fluctuating within range of that key, psychological level for the last several hours. As the cryptocurrency trades close to the all-time high of more than $42,000 it reached earlier this month on CoinDesk, several market observers weighed in where it will likely go next. Some of these… Source link

Disclaimer: The findings of the following analysis is the sole opinion of the writer and should not be taken as investment advice Alongside the rest of the market, Litecoin was rocked hard by the “crash” of Bitcoin from $40k to $30k. This was more of a healthy market correction than a crash, and the large-cap cryptocurrencies were looking to recover after the recent setback. Litecoin dropped from $180 to as far south as $111, but the session close was pushed above to $139, which was… Source link

The recent pullback in cryptocurrencies hasn’t spared Ethereum. As I write this, ETH has pulled back nearly 8% in just five days. Source: Shutterstock The declines interrupted an impressive bull run. Indeed, Ethereum seemed on an easy path to clear all-time highs above $1,400 set some three years ago. That path remains open. What we’re seeing now is a pause in a broader run, rather than a long-term reversal. 2021 is going to be a big year for Ethereum, both in terms of the… Source link

Decentralized finance platform Gnosis is now the third-largest holder of the Ether (ETH) coin supply. Gnosis’ multisignature storage safe received a deposit of 1,500,000 ETH on Thursday — worth over $1.7 billion at the time of the transaction. Although its foray into the storage industry began a little over a month ago, a vast majority of the ETH in the Gnosis safe appeared in the past 24 hours. Up until a few days prior, the address contained just 250,001 ETH. But a 600,000 ETH ($677… Source link

Bitcoin (BTC) was higher, pushing back toward $40,000 after a 9.9% surge on Wednesday, the biggest calendar-day gain in a month.   Such a powerful recovery after a steep sell-off earlier in the week has quickly reinvigorated trader spirits. “This bubble doesn’t look set to burst,” said Don Guo, CEO of Broctagon Fintech Group, which helps smaller cryptocurrency exchanges tap into bigger pools of liquidity available from large exchanges.  In traditional markets, U.S. government bond… Source link

TipRanks J.P. Morgan Predicts 30%-Plus Rally for These 2 Stocks Basic physics, and the evidence of our own eyes, tells us that what goes up must come down. But the NASDAQ is over 13,000, and the S&P 500 is over 3,800, and some market watchers are starting to wonder where the ceiling is. Banking giant JPMorgan investigates that question, seeking to find out just how much room the bulls have left to run in the current market conditions.Looking back to the collapse of Lehman Brothers, and the… Source link

Litecoin sustains recovery to $150, but bulls have eyes on $160. The confluence detector tool reveals the absence of formidable hindrances to the anticipated rally.  Litecoin is up over 10% to exchange hands at $150. The bullish move comes after LTC/USD broke down to $110 on Monday. Recovery has been gradual but steady. Litecoin must close the day above $150 to validate the uptrend eyeing $160. Litecoin battles the 50% Fibonacci level resistance The $9.9 billion… Source link

The Bitcoin price has soared more than 330% in just a year REUTERS/Dado Ruvic/Illustration Bitcoin price rises 9% to cross $38,000 mark, putting $40,000 in sight ECB boss Christine Lagarde yesterday called for more regulation of the ‘funny business’ Morgan Stanley analysts say Bitcoin focus ‘unsurprising’ given low bond yields The Bitcoin price rose sharply once again on Wednesday evening and Thursday morning, climbing past the $38,000 mark, as European Central Bank… Source link

Bitcoin’s recovery from Monday’s low is gathering pace, with the options market pricing in a double-digit probability of an above $50,000 by the month-end. The leading cryptocurrency by market value is currently trading at $38,300, representing a nearly $4,000 or 11% gain on a 24-hour basis, according to CoinDesk 20 data. The price bounce has erased a significant chunk of losses observed earlier this week. Bitcoin dropped from $40,000 to $30,305 on Monday on heavy selling in the spot… Source link

The world of cryptocurrency is dominated by the entity which started it all: Bitcoin. It is the oldest, most valuable, and best known digital currency by a distance.  The number two by all these measures is Ethereum. Its value has actually risen faster in recent times but it does not receive anywhere near the same attention as Bitcoin.   Ether, the coin which powers the Ethereum network, has soared almost sevenfold in the last 12 months and is now valued at north of $1,000. So how does… Source link