Crypto currency / Blockchain concept with coin on the motherboard. getty BITCOIN BREAKS OUT AND DOGE RECOVERS  Bitcoin has continued to build on the momentum generated by Tesla CEO Elon Musk, who last week tacitly endorsed the cryptocurrency by adding the leading cryptocurrency to his Twitter profile. Currently priced above $38,000, bitcoin is now trading at levels not seen since the middle of January. Part of this continued surge is likely due to Musk offering his… Source link

Doge Coin. Good dog. getty You probably never thought of Doge coin, or cared to invest in Doge coin until you read Elon Musk’s Tweet about it in the good ole days of the GameStop short squeeze. Buyers pushed up Doge coin’s value by 359% in four weeks, most of it happening after Musk tweeted about it some two weeks ago. That’s better than Game Stop GME GME , which rose by around 28%. And it is better than Bitcoin, which was cooling… Source link

CME Group will launch Ethereum futures this week and the price is at a record high. The three major forecasters will publish their assessment of the outlook for oil demand in 2021. Inflation is picking up — should investors be worried? Analysts say “no.” Visit the Business section of Insider for more stories. The army of Reddit day traders appears to be moving on, having pumped up everything from cryptocurrencies, to tiny biotech stocks in the last week, now… Source link

Bitcoin has suddenly surged higher this week, again climbing over the closely-watched $40,000 per bitcoin level—with “joke” cryptocurrency dogecoin also finding unexpected support from surprising sources. The bitcoin price, now up almost 250% since October, has confounded many who had warned it was poised for an immediate and steep correction. Now, Scott Minerd, chief investment officer of the multi-billion dollar investment giant Guggenheim Partners, has predicted bitcoin could climb… Source link

Since early 2020 the decentralized finance sector has been recieved a lot of attention due to its cutting-edge innovation and the lucrative high yield opportunities offered to cryptocurrency holders.  Despite these features, this week’s record-high gas fees show that the sector is still having growing pains and the absence of a suitable layer 2 solution could be pushing smaller investors away from DeFi. Investors attempting to place a trade on Uniswap or simply approve a new token on their… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice. At press time, Bitcoin‘s market seemed to be inching closer to the $40k-mark with every passing candle. With the world’s largest digital asset trading at $39,338 at the time, the digital silver was also mirroring these gains. In fact, Litecoin‘s [LTC] market has been rallying higher over the past few days, with the cryptocurrency’s value close to… Source link

Monero scaled above its $155.5-resistance level, with its indicators pointing to more bullishness in the short-term. ALGO was on its path to recovery after the price dipped by over 5% since touching a local high. Finally, XVG failed to rise above the $0.017-resistance and the price could continue to move within its present channel over the next few sessions. Monero [XMR] Source: XMR/USD, TradingView At the start of the month, Monero signaled the onset of an uptrend after the price scaled… Source link

Ethereum rallied by 7.75% on Friday. Reversing a 4.26% slide from Thursday, Ethereum ended the day at $1,721.06. It was a mixed start to the day. Ethereum fell to an early morning intraday low $1,589.17 before making a move. Steering clear of the first major support level at $1,536, Ethereum rallied to a late afternoon intraday high and a new swing hi $1,763.93. Ethereum broke through the first major resistance level at $1,679 and the second major resistance level at $1,761. A late pullback… Source link

The price of Bitcoin (BTC) broke above $40,000 on Feb. 6 for the first time in 23 days. But this time, the market sentiment is a lot calmer with a less overheated derivatives market. The combination of a less crowded Bitcoin futures market, the selling pressure from whales peaking, and a fast recovery could help BTC stabilize above $40,000 this time. Bitcoin recovers quickly after whales finish selling On Jan. 29, a pseudonymous Bitcoin researcher and analyst known as “Material Scientist”… Source link

The price of Bitcoin (BTC) is showing signs of a newfound rally as it breaks the $40,000 resistance area. There is a combination of optimistic on-chain data points and a favorable market structure that is leading analysts and traders to anticipate an impending Bitcoin breakout to a new all-time high. In the short term, the $38,000 and $40,000 levels remain the biggest hurdles for Bitcoin. The longer BTC took to break out of $40,000, the higher the probability of a potential correction was… Source link