Bitcoin rallied recently after falling below $50,000 yesterday. getty Bitcoin prices have rallied over the last few days, coming close to $55,000 and then retracing slightly, managing to keep most of their latest gains. The digital currency rose to $54,813.03 this morning, according to CoinDesk data. At this point, the cryptocurrency was up 11% from the intra-day low of $49,390 it hit yesterday, additional CoinDesk figures show. After climbing to… Source link

Topline As bitcoin pushes toward new highs, billionaire philanthropist Bill Gates is sounding an alarm on the cryptocurrency’s strikingly high carbon footprint–which is only bound to worsen as mainstream adoption of the world’s largest cryptocurrency soars as expected. Bill Gates delivers a speech at the Sixth World Fund Conference in Lyon, France, on October 10, … [+] 2019. NurPhoto via Getty Images Key Facts “Bitcoin uses more electricity… Source link

Benzinga EV Updates 3/9/2021 – A Future In The Making Just over a decade ago, Nissan Motor Co (OTC: NSANY) became the first automaker to offer a mass-produced car that ran on batteries alone. Nissan LEAF was a milestone for electric mobility and it was a hit, at least by electric car standards, with more than 500,000 sold by the end of last year. But as the trail that Nissan blazed got crowded. Still, the race toward an all-electric future, long led by Tesla Inc (NASDAQ: TSLA) has… Source link

Litecoin price ended a 15-day corrective phase with a new buy signal. Volume profile shows a lack of accumulation to start the rally. The first major resistance is the .618 Fibonacci retracement level. Litecoin price suffered a notable correction in late February, taking it down almost 38% from the peak at $247 over the course of 8 trading days. Current price action indicates that the corrective process is complete and more gains can be expected. Litecoin price… Source link

The Bitcoin and Litecoin prices have rebounded today as traders focus on the US futures market. The BTC price has jumped by 25% from last week’s low of $42,925 to today’s $54,000. On the other hand, the LTC price has jumped by 30% from last week’s low of $153 to today’s $200. Explaining the current crypto rally Last week, the Litecoin and Bitcoin prices tumbled for three main reasons. First, after more than doubling this year, many investors… Source link

Many of us have followed the dramatic rises and precipitous falls of bitcoin, and cryptocurrencies in general, over the past few years. Some may have written them off entirely after 80% declines in 2018, only to see them roar back into investors’ collective consciousness in 2020. Certainly sentiment has shifted over a short two years — more institutional investors are taking a hard look at crypto, and previous naysayers have softened their views. This all leads to one question: How much… Source link

Many of us have followed the dramatic rises and precipitous falls of bitcoin, and cryptocurrencies in general, over the past few years. Some may have written them off entirely after 80% declines in 2018, only to see them roar back into investors’ collective consciousness in 2020. Certainly sentiment has shifted over a short two years — more institutional investors are taking a hard look at crypto, and previous naysayers have softened their views. This all leads to one question: How much… Source link

What’s Next For Monero (XMR) Monero has a main focus on privacy. It is a popular blockchain-based cryptocurrency. It has a lot of privacy-enhancing features that make it an improvement over . Monero is open-source. Monero is a digital currency that can offer a higher anonymity level for its users and their transactions than Bitcoin. However, just like Bitcoin, it is a decentralized peer-to-peer cryptocurrency. Its main difference is in… Source link

Bitcoin has surged back this week after its early 2021 bull run slowed, with the 18.6 million bitcoin tokens in circulation again worth over $1 trillion. The bitcoin price has added almost 10% over the last 24 hours, taking it within touching distance of its all-time highs. Bitcoin reached $54,500 on the Luxembourg-based Bitstamp exchange—just shy of the $58,000 high it hit in February. However, the surge comes as the world’s biggest technology stocks, including Tesla TSLA ,… Source link

Ethereum Ethereum rallied by 6.17% on Monday. Following on from a 4.63% gain on Sunday, Ethereum ended the day at $1,834.58. A mixed start to the day saw Ethereum fall to a late morning intraday low $1,664.08 before making a move. Steering clear of the first major support level at $1,661, Ethereum rallied to a final hour intraday high $1,843.99. Ethereum broke through the first major resistance level at $1,765 and the second major resistance level at $1,802 to end the day at $1,830 levels. At the… Source link