Ethereum rose by 2.02% on Tuesday. Following on from a 6.17% rally on Monday, Ethereum ended the day at $1,871.99. A mixed start to the day saw Ethereum rise to an early morning high $1,859.62 before hitting reverse. Falling short of the major resistance levels, Ethereum fell to a mid-day intraday low $1,800.00 before finding support. Steering clear of the first major support level at $1,718, Ethereum rallied to a final hour intraday high $1,872.26. In spite of the late rally, Ethereum… Source link

Monero looked unlikely to break above its press time resistance since its on-chain metrics flashed red signals, at press time. UNI could see come consolidation around its press time price before continuing its strong uptrend. Finally, Zcash’s market bulls could face some stiff opposition in their attempt to climb above the $140.3-resistance level. Monero [XMR] Source: XMR/USD, TradingView The resistance level at $231 proved to be a formidable barrier as Monero failed to overturn the said… Source link

A growing number of institutions are warming to bitcoin. NurPhoto/Getty Images JPMorgan’s new product will give buyers exposure to big bitcoin players like MicroStrategy and Square. It is a sign of growing interest in cryptocurrencies on Wall Street, with BlackRock and Goldman also moving in. JPMorgan’s product will also provide exposure to Riot Blockchain, Nvidia and PayPal. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. JPMorgan is launching a product… Source link

Mining rigs of a super computer are pictured inside the bitcoin factory ‘Genesis Farming’ near … [+] Reykjavik, on March 16, 2018. – At the heart of Iceland’s breathtaking lava fields stands one of the world’s largest bitcoin factories at a secret location rich in renewable energy which runs the computers creating the virtual currency. (Photo by Halldor KOLBEINS / AFP) (Photo by HALLDOR KOLBEINS/AFP via Getty Images) AFP via Getty Images How much power… Source link

Is the digital silver Litecoin likely to be the next altcoin to skyrocket its price and once again reach its February high? Advertisement Well, according to famous FX trader Peter Brandt it is going to happen, the CEO of Factor LLC took to Twitter to put out an analysis of the Litecoin price graph. Barndt notices, the token has completed an inverted head and shoulders pattern, which hints that breakout from the formation will make LTC shoot back up to its previous high in February. … Source link

Ethereum Ethereum rose by 2.02% on Tuesday. Following on from a 6.17% rally on Monday, Ethereum ended the day at $1,871.99. A mixed start to the day saw Ethereum rise to an early morning high $1,859.62 before hitting reverse. Falling short of the major resistance levels, Ethereum fell to a mid-day intraday low $1,800.00 before finding support. Steering clear of the first major support level at $1,718, Ethereum rallied to a final hour intraday high $1,872.26. In spite of the late rally, Ethereum… Source link

Bloomberg Massive Nasdaq Rally Springs From Deepest Hole in Three Decades (Bloomberg) — A day after the Nasdaq 100 fell more than 10% from a record into a technical correction, the tech-heavy benchmark made a resounding comeback.With roughly a quarter of the index’s members surging more than 5%, the Nasdaq 100 ended Tuesday up 4% for the best rally since November. ARK Innovation ETF, star manager Cathie Wood’s flagship fund that has suffered losses of at least 10% in each of the last two… Source link

A U.S. multinational semiconductor company could be preparing the ground to release its own series of cryptocurrency mining processors. AMD is reportedly looking to introduce a GPU for mining Ethereum. AMD Navi 12 Won’t Have Video Outputs According to PC Gamer, the AMD Navi 12, a graphic processing unit (GPU) first introduced exclusively for Apple Macbook Pro devices, could be the first crypto… Source link

Ark Invest’s Cathie Wood believes that cryptocurrencies could soon become a part of recommended portfolios for everyday investors. What Happened: In her most recent interview with CNBC, Wood even went on to say that the currently volatile cryptocurrencies could soon stabilize and behave as bonds do. “We think as it becomes a better accepted new asset class … We do think it will behave, actually, I would say more like the fixed income markets, believe it or not,” Wood said on CNBC’s… Source link

Bitcoin (BTC) trading around $54,368.84 as of 21:00 UTC (4 p.m. ET). Climbing 5.02% over the previous 24 hours. Bitcoin’s 24-hour range: $51,428.66-$54,813.03 (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 BitstampSource: TradingView Bitcoin headed for its fifth straight daily gain, the longest winning streak this year, as a pullback in U.S. government-bond yields rekindled demand for risky assets… Source link