Bitcoin’s price turned choppy on Friday as the No. 1 cryptocurrency by market capitalization logged its worst weekly performance since March 2020 when the pandemic hit the global economy. Bitcoin (BTC) trading around $46,244 as of 21:00 UTC (4 p.m. ET). Slipping 5.7% over the previous 24 hours. Bitcoin’s 24-hour range: $44,180.99-$49,325.91 (CoinDesk 20) BTC trades below its 10-hour and 50-hour averages on the hourly chart, a bearish signal for market technicians. Bitcoin trading on… Source link

Litecoin price remains contained inside an ascending parallel channel. LTC whales have purchased a lot of coins in the past three weeks. The digital asset defended a critical support level and aims for a rebound. Litecoin price remains bounded inside an ascending parallel channel on the 12-hour chart after a significant sell-off from $247 down to $157. It seems that LTC whales have taken advantage of the recent dip to buy even more. Litecoin price aims for a jump… Source link

Billionaire Elon Musk threw $1.5bn into bitcoin before tweeting that its value does “seem high.” Microsoft founder Bill Gates, a centibillionaire himself, recently warned investors against losing their shirts with risky cryptocurrency, telling Bloomberg News he is not bullish on bitcoin, partly for environmental reasons. And United States Treasury Secretary Janet Yellen said that bitcoin is inefficient for actually carrying out transactions and is highly speculative. Yet bitcoin is the… Source link

No one knows what will happen with Bitcoin. Not the skeptics, not the believers, not even Satoshi Nakamoto. There is no crystal ball.  Many of the sharpest minds in crypto embrace that uncertainty, broadly agreeing that we just don’t know. And perhaps that’s part of the allure. “Most of the biggest use cases 10 years from now will be things that would sound insane to us today,” says Elizabeth Stark, who, as the head of Lightning Labs, is quite literally trying to build the Bitcoin… Source link

The MS Satoshi, an 804-foot-long ship, was sold for scrap and was last reported to be steaming to a yard in India to be broken up. Photo: Ocean Builders … Source link

Monero was treading water around the $200-level, with the crypto likely to give way to a wave of selling pressure. Ontology fell under multiple levels of former support over the last few days and could break past one or two more. Finally, Synthetix saw a region of demand flipped to one of supply. Monero [XMR] Source: XMR/USDT on TradingView The RSI fell below 50 and tested it as resistance on the hourly chart after XMR’s bulls attempted to keep the price above $200. This could be an… Source link

The Litecoin price has been among the worst-performing crypto majors in the past few days. It has dropped by more than 26% in the past seven days while Ethereum and Ripple have fallen by 24% and 20%, respectively. This decline has brought its total market cap to more than $11.3 billion, making it the eighth-largest digital currency in the world. What happened: The ongoing sell-off of the LTC price is because of the overall underperformance of the crypto… Source link

Author and self-styled investment diva Kiana Danial was recently asked by a television interviewer about her expectations for bitcoin over the next 12 months. She replied, “I don’t give price predictions,” after which she predicted that the price would triple in the next year. Never let logical or linguistic consistency get in the way of a good story. The price of bitcoin, the most well-known of cryptocurrencies, has almost doubled this year, attracting attention from both serious… Source link

Ethereum Ethereum slid by 8.78% on Thursday. Reversing a 3.01% gain from Wednesday, Ethereum ended the day at $1,482.62. A mixed start to the day saw Ethereum rise to an early morning high $1,659.97 before hitting reverse. Falling well short of the major resistance levels, Ethereum fell to a late morning low $1,579.70. Finding support at the 23.6% FIB of $1,579, Ethereum struck a late intraday high $1,672.49 before a 2nd sell-off. Falling short of the first major resistance level at $1,726,… Source link

Photographer: Akos Stiller/Bloomberg Photographer: Akos Stiller/Bloomberg Bitcoin’s rally this year has hit a speed bump, putting it on track for the worst weekly slide in almost a year amid wider losses in risk assets. … Source link