Selling pressure on Bitcoin was felt across the market. Monero and Maker noted bearish pressure, but were trading within a longer-term range, while Uniswap was forced to cede multiple levels of former support levels to the bears. Monero [XMR] Source: XMR/USDT on TradingView Since late February, XMR has bounced between the $198 and $230-levels of support and resistance. The previous week saw XMR climb past $230 and touch $238, but selling pressure forced the coin lower to $210. The… Source link

Ethereum Ethereum slid by 5.19% on Wednesday. Following on from a 0.79% decline on Tuesday, Ethereum ended the day at $1,581.79. A bullish start to the day saw Ethereum rise to a mid-day intraday high $1,740.91 before hitting reverse. Ethereum broke through the first major resistance level at $1,711 before sliding to a late intraday low $1,550.0. The extended sell-off saw Ethereum fall through the first major support level at $1,639 and the second major support level at $1,610. More… Source link

Even though most of the coins are in the green zone, there are also some exceptions to the rule. Mainly, Uniswap (UNI) is the main loser out of the top 10 assets, falling by 6.32% over the last day. Top 10 coins by CoinMarketCap BTC/USD Yesterday morning, the support at $53,400 withstood the bears’ onslaught. Sellers pierced this level, but the price was able to recover to the area of the $55,800 mark. In the afternoon, trading volumes began to decline, and the… Source link

Photographer: Andrey Rudakov/Bloomberg Photographer: Andrey Rudakov/Bloomberg Bitcoin fell amid a wider retreat in assets that had earlier ridden a wave of stimulus-infused optimism among retail traders. The largest cryptocurrency dipped 2% to about $52,850, a two-week low, as of 7:23 a.m. in London. The token is mired in its longest… Source link

Ether (ETH) lost the $1,750 support on March 22, which marked a 7% loss and $230 million worth of futures contract liquidations. It has been holding near the strong support at $1,670, although investors are unwilling to open new long positions despite the price being 11% below the previous week’s high. Ether price on Coinbase, USD. Source: TradingView Binance Chain recently surpassed Ethereum’s transaction volume, and this startling growth in unique active wallets certainly played a part in… Source link

Cryptocurrencies have gone ballistic. In December, Bitcoin (CCC:BTC-USD) traded at just $22,761. Today, it’s up to $56,314 after hitting an all-time high of $60,717. Over the same timeframe, Ethereum (CCC:ETH-USD) ran from about $644 to $1,800 after briefly touching $2,029 in late February. Litecoin (CCC:LTC-USD) ran from about $91 to $200.56 after hitting a high of $240 in late February, as well. All thanks to a long line of retail and institutional bulls. Goldman Sachs (NYSE:GS)… Source link

They call it “max pain” in the bitcoin options market: How to make one’s trading counterparty suffer the most.  Although the largest cryptocurrency was changing hands Wednesday around $56,500, traders were handicapping the odds of a plunge to about $44,000 by Friday, when a record $6 billion of options contracts is set to expire.  A drop to that price level would inflict “max pain” on buyers of options contracts, and it might be the most profitable price point for options sellers…. Source link

LONDON, March 24, 2021 /PRNewswire/ — Blockchain as a Service (BaaS) platform Stratis’ support to private and public blockchain solutions, Ethereum and Hyperledger, opens the ecosystem to mainstream adoption by businesses. Stratis Stratis is developed to help make blockchain services accessible for businesses worldwide. In pursuit of that aim, it now supports interoperability with Ethereum, allowing firms to tap into the ease of use provided by Stratis Technologies while… Source link

Investors who have owned stocks in the last year have generally experienced some big gains. In fact, the SPDR S&P 500 (NYSE: SPY) total return over the last 12 months is 74.3%. But there is no question some investments performed better than others along the way. Bitcoin’s Big Run: As strong as the stock market has been since it bottomed on March 23, 2020, Bitcoin (CRYPTO:BTC) has been much stronger. After a wild ride that took Bitcoin prices near $20,000 in late 2017, the previous Bitcoin… Source link

Bloomberg Biden’s Likely Tax Wins Are Personal-Rate Hikes, Audits of Rich (Bloomberg) — Democrats will likely prove successful in raising individual income tax rates and in strengthening audits of wealthy Americans as they work on overhauling the U.S. tax code in coming months.That’s a key takeaway from a survey of 15 current and former White House and congressional aides specializing in tax policy completed by Bloomberg this month. A tax on unrealized capital gains, as envisioned by… Source link