Bitcoin SV saw a steep rise to $267 but fell from those heights just as quickly. Monero saw sellers step in to force prices beneath $250, but the skirmish was yet undecided and XMR has not yet dropped below $245. Waves formed a megaphone pattern that could see it rise to $14.32. Bitcoin SV [BSV] Source: BSV/USDT on TradingView Bitcoin SV shot upwards past the $218 level in recent days to reach the 38.2% extension level at $267 but was forced to drop back just as swiftly to revisit $215-$218… Source link

Bobby Lee said the history of bitcoin was one of bubbles bursting and growing again Dado Ruvic/Reuters Bitcoin investors need to be more aware of the asset’s history of big booms and busts, Bobby Lee said. The crypto exchange founder said bitcoin is likely to shoot up further but then crash dramatically. Yet Lee said he is optimistic about bitcoin long-term, seeing it as an inflationary hedge. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bitcoin investors… Source link

Cosmos showed some weakness in the market as the price approached the $21.7 resistance. Monero reattempted to claim the region above $262.7 and the indicators backed a favorable outcome this time around. Basic Attention Token lacked the volatility for a large price swing, but strength was building up in its market. Source: CoinStats Meanwhile, Bitcoin continued to stagnate around $59k and noted a 24-hour trading volume of $45.2 billion. Cosmos [ATOM] Source: ATOM/USD, TradingView Weekly… Source link

The cryptocurrency market has been playing tag with the bulls and bears over the past couple of days. The market has been bouncing between the immediate highs and lows, and this is visible in the altcoin market of Litecoin.  At the time of press, LTC was on an upwards trend that pushed its value 16% in two days from $187.71 to $218. However, there was some retracement visible resulting in LTC trading at $210.40.  Litecoin 4-hour chart Source: LTCUSD on TradingView The above chart… Source link

Bitcoin is becoming an increasingly popular payment option among many companies. Fast-food chains, big tech firms, and leading drinks companies are embracing cryptocurrencies. See more stories on Insider’s business page. Rarely does a news cycle go by without some mention of bitcoin’s growing popularity, from fans and skeptics alike.  Its prices on trading… Source link

The U.S. dollar is starting to weaken once again as sellers are pushing the U.S. Dollar Index (DXY) downward, which could strengthen the momentum of Bitcoin (BTC) in the near term. Alternative assets like Bitcoin and gold are priced against the dollar. Hence, when the DXY starts to drop, it often causes BTC to rally against the dollar. BTC/USD (orange) vs. DXY (green). Source: Tradingview Dollar’s share of global reserves is dropping fast According to Holger Zschaepitz, a market analyst at Welt,… Source link

Now that Ether’s (ETH) price broke the $2,000 level, hitting all-time highs this week, traders became excessively bullish and are expecting more upside in the short-term.  Some analysts believe Visa’s initial USD Coin (USDC) stablecoin transaction settlement on the Ethereum network kicked off the most recent rally. Others attribute the current Ether hike to a “triangle market structure” breakout. Regardless of the cause behind the recent 25% rally, professional traders seem highly… Source link

Litecoin is trading at around $200… still. The altcoin has failed to set a new all-time high like Bitcoin, Ethereum, and others in the top ten have, yet it has clung onto the ranks for its entire lifetime. A signal has appeared – across several of the highest timeframes – that could suggest that the long downtrend against Bitcoin is about to come to an explosive ending. Litecoin Loses Luster During Bear Market, Can’t Catch A Spark Few coins have had as difficult of a time recovering… Source link

Bitcoin is trading in contango. But what does this mean? “Contango is a situation where the futures price of a commodity is higher than the spot price.” –Investopedia Now, what’s a futures contract? “A futures contract is a legal agreement to buy or sell a particular commodity asset, or security at a predetermined price at a specified time in the future.” –Investopedia Currently, the spot price (market price for bitcoin on exchanges) trades lower than futures prices. The spread for the… Source link

Bitcoin has won its fair share of Wall Street supporters this year amid a bull run that’s seen it soar around 500%. The bitcoin price hit highs of just over $60,000 per bitcoin last month before falling back slightly but has since made up lost ground. Meanwhile, the broader cryptocurrency market has surged to almost $2 trillion—boosted by decentralized finance (DeFi) tokens. Now, analysts at Wall Street banking giant and former bitcoin skeptic JPMorgan have said bitcoin could climb as… Source link