It’s #FollowFriday and Benzinga is taking a look at Twitter (NASDAQ: TWTR) accounts to follow that provide insight into Bitcoin and other cryptocurrencies. Here is a look at accounts that investors may want to follow to get information on the cryptocurrency market. Make sure to also follow Benzinga’s dedicated crypto account. Anthony Pompliano: One of the most notable Bitcoin (CRYPTO:BTC) related accounts is Anthony Pompliano. The account regularly has information on what price Bitcoin is… Source link

Bitcoin (BTC) fell nearly 5% on Thursday amid a broader sell-off after Federal Reserve Chairman Jerome Powell stopped short of offering a strong rebuke to the recent spike in Treasury yields. Still, bitcoin has risen nearly 64% this year, likely buoyed in part by large, high-profile purchases from auto company Tesla and digital payment company Square. In a new interview, taped on Wednesday, personal finance guru Suze Orman added her voice to the chorus of bitcoin boosters, professing her… Source link

The Biden administration will soon have to settle a Bitcoin fight it didn’t even start, and its decision could have far-reaching implications for the virtual currency industry. The battle concerns last-minute rules proposed by the outgoing Trump administration that would create new requirements for financial services firms to record the identities of… Source link

National Review The Mother of All Stock-Market Bubbles By Warren Buffett’s criteria, current stock prices are their most overvalued at least since World War II. In the chart below, the ratio of stock-market value, represented by the Wilshire 5000 index of all public stocks, to GDP is over 25 percent above the previous all-time high, the peak of the NASDAQ stock market bubble in 2000, which is indexed as 100 in the chart. The seemingly relentless rise of the stock market coincides with… Source link

Ethereum Ethereum fell by 1.83% on Thursday. Partially reversing a 5.34% decline from Wednesday, Ethereum ended the day at $1,539.69. A mixed start to the day saw Ethereum rise to an early morning intraday high $1,625.00 before hitting reverse. While falling short of the first major resistance level at $1,658, Ethereum broke through the 23.6% FIB of $1,579. The reversal saw Ethereum slide to a late intraday low $1,504.06. While falling back through the 23.6% FIB, Ethereum avoided the first major… Source link

Bitcoin fell for a second day amid concerns that a jump in bond yields is sapping demand for riskier investments. The largest cryptocurrency shed as much as 3.4% on Friday and was trading at about $47,000 as of 1:05 p.m. in Hong Kong. The Bloomberg Galaxy Crypto Index, which includes Bitcoin and four other tokens, slipped more than 3%. Bitcoin is now some $10,000 below February’s record above $58,000, stoking the debate over whether the token’s investment base will widen or peter out as… Source link

The rising popularity of decentralized finance (DeFi) has brought fresh attention and optimism to the cryptocurrency sector with the total value locked on all protocols increasing from $1 billion to $59 billion in less than a year and the top 5 platforms accounting for $24.33 billion of the total value. Rising gas fees have been one of the most noticeable results of the increasing interaction with DeFi protocols and currently, the Ethereum (ETH) network hosts the majority of the top DeFi… Source link

Litecoin price dropped 37% since it got rejected by the ascending parallel channel’s upper trendline on February 20. Now, LTC is undergoing a pullback before it sees a 70% upswing. However, if LTC price manages to slice through $161, a 36% crash can be expected. Litecoin price recently bounced off the $153 level, creating the third lower low for an ascending parallel channel. Due to the recent selling pressure, LTC’s upswing has taken a hit resulting in a small… Source link

Polkadot (DOT) has been raising eyebrows for the past couple of months as the interoperability-focused altcoins has gained 625% in the past three months.  The promise that interoperability between blockchains will be a viable solution to the high Ethereum gas fees plaguing the crypto market has made Polkadot’s development of parachains attractive and the number of projects choosing to build on DOT continues to grow alongside it’s popularity as a staking platform. Polkadot parachains… Source link

Bitcoin‘s market bulls were defending the $49k-mark valiantly as they attempted to push higher on the charts once more. Monero and Aave formed triangle patterns and were likely to see a breakout soon, while Nano could see a dip to $5. Monero [XMR] Source: XMR/USDT on TradingView Monero formed an ascending triangle pattern on the 4-hour chart, and trading volume has also been falling over the same time period as market participants waited for a strong move. This is a bullish pattern that… Source link