Bitcoin (BTC) trading around $58,882.38 as of 20:00 UTC (4 p.m. ET). Climbing 2.52% over the previous 24 hours. Bitcoin’s 24-hour range: $56,327.79-$59,242.58 (CoinDesk 20) BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians. bitcoin trading on CoinbaseSource: TradingView Bitcoin’s price struggled to push higher after briefly touching $59,000 when markets opened in the U.S. on Friday. Investors continued to monitor the potential… Source link

Over the past two months, the open interest on Ether (ETH) options increased by 50% to reach $3.1 billion, with ETH price gaining 44% in that time period. Ether’s price appreciation and the rising options open interest has resulted in a potentially historic $1.15 billion expiry set for March 26. Ether options aggregate open interest. Source: Cryptorank Most exchanges offer monthly exposures, although a few also hold weekly options for short-term contracts. February faced the most significant… Source link

The number of active addresses on Litecoin, the world’s ninth-largest cryptocurrency by market cap, has grown by over six-fold in the past year, data from on-chain analytics service Glassnode shows. “New Litecoin addresses added daily are now broaching 100,000. Compared to 12 months ago, this is a 5x increase,” tweeted David Schwartz, a project director at the Litecoin Foundation. New #Litecoin addresses added daily is now broaching 100,000. Compared to 12 months ago, this is a 5x… Source link

Bitcoin believers may have new reason to rejoice following the stimulus checks, but Ethereum has use cases on its side. U.S. President Joe Biden’s $1.9 trillion COVID Relief Bill has passed congress and stimulus checks are soon to be distributed. Early signs indicate recipients are ready to buy Bitcoin. A survey by Mizuho Securities showed that out of 235 participants who expect to receive stimulus checks from the COVID Relief Bill, 10% are interested in investing in Bitcoin. It’s a small… Source link

Monero saw some indecision in the markets around the $230-mark as the price dipped and bounced around this level. IOTA was in a phase of consolidation above the $1.3-level, while Zcash faced some resistance around $155. Monero [XMR] Source: XMR/USDT on TradingView XMR oscillated around the $230-level as sellers and buyers were involved in a skirmish. The OBV was on a steady uptrend since XMR tested the $200-mark as support a second time. Such demand from buyers underlined possible gains for… Source link

The Monero (XMR) price has been in a tight range recently. Its price has barely moved in the past seven days, bringing its total market cap to $4 billion. It has also been overtaken by other fast-growing digital currencies like Crypto.com, Terra, Theta, and DogeCoin. It is now the 24th biggest cryptocurrency in the world. Monero news: Monero is one of the oldest digital currencies in the world. It differs from other popular currencies like Bitcoin and Litecoin because of its… Source link

Ethereum Ethereum fell by 2.63% on Thursday. Reversing a 1.05% gain from Wednesday, Ethereum ended the day at $1,776.4. A bullish start to the day saw Ethereum rise to an early morning intraday high $1,850.00 before hitting reverse. Falling short of the first major resistance level at $1,863, Ethereum slid to a late intraday low $1,758.40. The pullback saw Ethereum fall through the first major support level at $1,764 before finding support. Late in the day Ethereum revisited $1,795 levels before… Source link

Bitcoin and cryptocurrency prices have soared this week, with the combined value of the crypto market again nearing $2 trillion. The bitcoin price, after starting the year at around $30,000 per bitcoin, has doubled—soaring due to Wall Street institutional adoption and corporate interest from the likes of Tesla billionaire Elon Musk (and more buyers could be on the way). Now, Deutsche Bank analyst and Harvard economist Marion Laboure has predicted “the next two or three years should be… Source link

Ether (ETH), the native cryptocurrency of Ethereum, has failed to break out once more against Bitcoin (BTC) with BTC/USD rallying by more than 8% on March 18. There are two likely reasons why the ETH/BTC pair is failing to break through an important resistance level. First, BTC rallied strongly in a short squeeze after the majority of the market was short throughout the past few days, outperforming most alternative cryptocurrencies. Second, the overall macro landscape for the risk-on market is… Source link

The bitcoin price has soared in 2021 NurPhoto/Getty Images Bank of America research shows bitcoin’s immense environmental footprint. It is one one of the biggest carbon-emitting sectors, on a par with huge firms and even the US federal government. Other less climate-related concerns include use of bitcoin in cybercrime such as money laundering. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bitcoin’s energy consumption is comparable to that… Source link