Bitcoin fell from its record highs north of $60,000 to $54,588.83 Monday morning following massive … [+] liquidations. Market analysts disagree over the source of withdrawals. SOPA Images/LightRocket via Getty Images It turns out last week’s bitcoin rally to the new record high of $61,923 reached on Saturday, was short-lived, with the crypto descending below 55,000 Monday morning.  The cryptocurrency fell as low as $54,588.83 and made a small bounce… Source link

Cesc Maymo/Getty Images Bitcoin fell as much as 9% on Monday as investors took profits following a weekend record. The cryptocurrency climbed as high as $61,742.41 on Saturday and continued to flirt with $62,000 on Sunday. The consolidation came amid reports that India is considering a partial ban on cryptocurrencies. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bitcoin fell as much as 9% on Monday after hitting a record high over the weekend as… Source link

As I write this, Ethereum (CCC:ETH-USD) has a market capitalization of $201 billion. The total supply of Bitcoin (CCC:BTC-USD) now is valued at just over $1 trillion. Source: Shutterstock The relative size of the two cryptocurrencies’ market caps “feels” correct. It seems almost self-evident that Bitcoin should be the more valuable of the two. Bitcoin is the most well-known, the most widely adopted and the most owned of all the cryptos. It gets the most attention. But I’m… Source link

Bloomberg Biden Eyes First Major Tax Hike Since 1993 in Next Economic Plan (Bloomberg) — President Joe Biden is planning the first major federal tax hike since 1993 to help pay for the long-term economic program designed as a follow-up to his pandemic-relief bill, according to people familiar with the matter.Unlike the $1.9 trillion Covid-19 stimulus act, the next initiative, which is expected to be even bigger, won’t rely just on government debt as a funding source. While it’s been… Source link

Ethereum Ethereum fell by 3.79% on Sunday. Partially reversing an 8.76% rally from Saturday, Ethereum ended the week up by 7.00% to $1,848.9. A mixed start to the day saw Ethereum rise to an early morning high $1,931.97 before hitting reverse. Falling short of the first major resistance level at $2,001, Ethereum slid to a late afternoon intraday low $1,836.61. Steering clear of the first major support level at $1,785, Ethereum revisited $1,890 levels before ending the day at sub-$1,850. At the… Source link

Photographer: Akos Stiller/Bloomberg Photographer: Akos Stiller/Bloomberg Bitcoin eased back after scaling $61,000 for the first time on bets that some of the pandemic relief payments in the U.S. will end up chasing the… Source link

LTC/USD bounces off three-day low inside a bullish chart pattern. A confluence of channel’s support, 50-SMA tests short-term sellers, bulls aim for February’s high. LTC/USD picks up bids near $218.00, up 1.82% intraday, during early Monday. In doing so, the cryptocurrency pair recovers from the lowest since Friday as RSI pullback from overbought territory catches a breather inside a three-week-old rising channel. Given the pair’s rejection to the previous… Source link

Share Tweet Share Share Share Email Bitcoin’s prices keep rising as the cryptocurrency has now hit a new record of $60,000, BBC reported, with a total market value of $1 trillion as of last month. Bitcoin has seen its value almost triple since the end of 2020, powered by several big-name companies, including Tesla and Mastercard, which have touted its use and bought up some of the crypto, according to the report. BBC reported that this new record is the product of the latest round of… Source link

Litecoin showed some exhaustion above the $221 level but stabilization at that mark was healthy in the long-term. VeChain moved within an ascending channel but threatened a breakdown, while BAT entered a consolidation phase between $0.83 and $0.72. Litecoin [LTC] Source: LTC/USD, TradingView Litecoin’s bounce back from $155.7 support fueled a strong uptrend on the charts as the price broke above several resistance levels. Gains over the last seven days now stood at nearly 17% as LTC… Source link

For the crypto market’s leading privacy coin, Monero, the past few weeks have noted mainly sideways movement resulting in the coin’s price consolidating around its current trading price. Despite the strong bullishness displayed in the Bitcoin market, Monero hasn’t seen enough momentum to encourage its price to breach neither its immediate resistance nor its support. At the time of writing Monero’s price is trading at $239.6 with a market cap of $4.2 billion. Despite the sideways… Source link