Bitcoin has shot toward its all-time high of almost $62,000 per bitcoin over the weekend as the cryptocurrency market gears up for Coinbase to go public. The bitcoin price has added over 5% during the last few days as the wider crypto market and smaller tokens record bigger gains—pushing the combined value of the world’s cryptocurrencies to well over $2 trillion. With San Francisco-based bitcoin and cryptocurrency Coinbase eyeing a valuation that could top $90 billion when it lists… Source link

Bitcoin (BTC) is back with a vengeance this week as a new day’s trading gets underway with a fresh attack on $60,000. After a weekend in which the largest cryptocurrency avoided a correction, Monday is looking bullish — but what could shape price action in the short term? Cointelegraph presents five factors to keep an eye on for Bitcoin traders as the market inches closer to historic all-time highs. Stocks reflect coronavirus mayhem The macro picture is a tale of two coronavirus moods this… Source link

Ethereum Ethereum rose by 0.82% on Sunday. Following on from a 3.22% gain from Saturday, Ethereum ended the week up by 3.58% to $2150.54. A mixed start to the day saw Ethereum fall to a mid-morning intraday low $2,112.58 before making a move. Steering clear of the first major support level at $2,062, Ethereum rose to a late intraday high $2,163.18. Falling short of the first major resistance level at $2,200, Ethereum eased back to end the day at $2,150 levels. At the time of writing, Ethereum was… Source link

The battle over bitcoin’s evolving role just became a piece in a complex game of political strategy. Peter Thiel’s talk earlier this week at a Richard Nixon Foundation event thrust the cryptocurrency even further out onto the geopolitical stage and highlighted two important macro narratives that investors should keep an eye on, not just for their potential impact on crypto returns. Here’s one extract from his comments: “I do wonder whether bitcoin should be thought of as a Chinese… Source link

The Litecoin market has been seeing significant growth in price since the beginning of the year. At the time of writing, LTC was returning 93% year-to-date to its investors. LTC was being traded at $257.39 with a market capitalization of $17.22 billion. The digital asset just saw a bullish breakout, however, will it be able to maintain this high value going forward in the market? Litecoin 1-day chart Source: LTCUSD on TradingView The Litecoin price was building higher within an ascending channel… Source link

Over the last eight years, U.S. law enforcement has seized a great number of bitcoins and at one time, the Federal Bureau of Investigation (FBI) held one of the largest bitcoin wallets after the Silk Road takedown. A recently published report shows the FBI has started using cryptocurrency mixing applications in recent times in order to obfuscate transactions from seized bitcoins that stem from a forfeiture. Do as I Say, Not as I Do The U.S. government is far… Source link

advertisement LTC Price reaches 3 year high, Litecoin Price has biggest daily gain in 30 days $256 resistance break will set price free for movement up Coinshares Launched physically backed Litecoin (LTC) ETP. LTC Price Update: Litecoin Price is up 550% in the last year Litecoin has been under the radar since the start of this bull cycle. The 10 year old cryptocurrency has been away from the buzz as DeFi has been the talk of the market. That hasn’t stopped investors from buying,… Source link

Litecoin price gains 15.77% for the best daily gain since January 3. Daily Relative Strength Index (RSI) not showing a bearish momentum divergence. Swiss SIX exchange-traded product, LITE, increases spotlight on LTC. Litecoin price successfully broke out from a symmetrical triangle pattern on April 5 with a 9.5% gain. It printed a new rally high today at $262.98, just short of the 61.8% Fibonacci retracement of the 2017-2018 bear market at $268.06. The bullish LTC… Source link

The Ethereum network is in the process of upgrading its blockchain. If you want to transact on Ethereum today, it’ll cost you anywhere from $10 to $100, depending on the type of transaction you want to perform. Due to Ethereum’s proof-of-work model, the network can only process about 15 transactions per second. The Eth 2.0 upgrade will improve both the cost and transaction throughput of Ethereum’s blockchain. This upgrade to Ethereum will replace the crypto miners with staked… Source link

Litecoin needed stronger cues to climb above $244.2 resistance, but its long-term prediction was still bullish. Elrond could break down from an ascending channel after touching $210, while Dash’s bearish indicators could hinder its attempt to rise above $291.4-resistance. Litecoin [LTC] Source: LTC/USD, TradingView While Litecoin did flip $228.9 to a region of support, the bears looked to retest this level once again at the time of writing. A bullish crossover on the MACD suggested that the… Source link