Monero is one of the rare cryptocurrencies in the market cap top 50 that ended up posting week-over-week price losses as it underperformed the surging crypto market Fundamentals and past price performance Monero has lacked initiative in terms of upwards price action in the last week as the market finally bounced back up. However, not all is lost for XMR, as its price is seemingly creating a solid technical formation on the daily chart. When it comes to its fundamentals, nothing major (or… Source link

Bitcoin has erased Sunday’s gains as stock markets struggle to cheer progress on U.S. fiscal stimulus efforts. The cryptocurrency is changing hands just over $50,150 at press time, representing a 1.55% drop on the day, according to CoinDesk 20 data. Prices had jumped from roughly $49,000 to $51,800 on Sunday as the U.S. Senate approved President Joe Biden’s $1.9 trillion stimulus plan. The bill now heads back to the House for clearance. Traditional markets gave mixed reactions early today,… Source link

Meitu, a tech firm known for a popular photo-editing app, said Sunday that it bought some $40 million worth of cryptocurrency. That includes about $18 million worth of bitcoin and more than $22 million worth of etherium. “Cryptocurrencies have ample room for appreciation in value,” the company said in a filing to the Hong Kong stock exchange. Meitu added that buying the cryptocurrencies helps the company diversify its cash holdings, and said it showed that the firm wants to “embrace… Source link

Ethereum Ethereum rose by 4.63% on Sunday. Following an 8.05% rally from Saturday, Ethereum ended the week up by 21.55% to $1,728.22. Relatively range-bound through most of the day, Ethereum fell to an early afternoon intraday low $1,631.07 before making a move. Steering clear of the first major support level at $1,559, Ethereum rallied to a final hour intraday high $1,735.00. Ethereum broke through the first major resistance level at $1,698 to end the week at $1,700 levels. At the time of… Source link

Bitcoin, after roaring into 2021, has now plateaued at around $50,000 per bitcoin, with the price more-or-less treading water over the past week. The bitcoin price, up almost 500% since this time last year, has exploded higher amid a combination of Wall Street institutional adoption, corporate interest, and retail traders piling into the market—and some think it could have a lot further to run. Now, recent market data has shown the bitcoin price gap between crypto exchanges Coinbase… Source link

MicroStrategy, Tesla and Square have done it. So have many others, although more quietly.   I’m talking about holding corporate treasury reserves in bitcoin. This trend is attracting attention even from trade press. Consultancies and crypto companies are scrambling to launch services to help businesses navigate the process. “Mad Money” host Jim Cramer thinks it’s “almost irresponsible” for companies to not do so. This week, sponsored content from Deloitte explaining the benefits… Source link

Binance Coin targeted a rise above the $240 resistance on the back of bullish indicators. Monero battled to retake the 38.2% Fibonacci level from the bears. Finally, ALGO’s latest attempt to break above $1.19 resistance was boosted by healthy capital inflows. Binance Coin [BNB] Source: BNB/USD, TradingView The last 24 hours saw Binance Coin rise by 4% as the price attempted to flip a key resistance level at $240. The indicators flashed a bullish signal at the time of writing and suggested… Source link

Ethereum blockchain developers approved one of the biggest changes to the network since its inception in 2015, a shift that could spur even bigger gains in the price of its native cryptocurrency Ether. The move will reduce the amount of outstanding Ether by destroying some of the tokens every time it’s used to fuel transactions on the world’s most-used blockchain. Known as EIP 1559, the change solves a current problem: Ethereum users can only estimate how much Ether will be needed for… Source link

TipRanks The Bottom Is in for These 3 Stocks? Analysts Say ‘Buy’ Never say that one person makes no difference. This past Thursday, stocks tumbled, bonds surged, and investors started taking inflationary risks seriously – all because one guy said what he thinks. Jerome Powell, chair of the Federal Reserve, held a press conference at which he gave both the good and the bad. He stated, again, his belief that the COVID vaccination program will allow a full reopening of the economy, and that… Source link

The cryptocurrency market has been recovering from the sudden selling pressure it witnessed a few days back. Litecoin [LTC] has been trying to find a stable price level in the market currently, however, there have been recurring sell-offs pushing the coin even lower. At the time of writing, the digital asset was trading at $182.68 with a market capitalization of $12.16 billion. LTC one-hour chart Source: LTCUSD on TradingView The above chart of Ltiecoin highlighted the rise and fall of the… Source link