The story of boring bitcoin and exciting ether continued in the cryptocurrency markets Wednesday. Bitcoin (BTC) trading around $54,925 as of 21:00 UTC (4 p.m. ET). Gaining 0.14% over the previous 24 hours. Bitcoin’s 24-hour range: $54,046-$55,710 (CoinDesk 20) BTC above the 10-hour and the 50-hour moving averages on the hourly chart, a bullish signal for market technicians. Bitcoin’s hourly price chart on Bitstamp since April 25.Source: TradingView Bitcoin’s price was holding steady on… Source link

Ethereum has been a tear recently, rising more than 63% over the last month. Technical analyst Julius De Kempenaer told us why he thinks it will surge to $3,000. He also broke down how he trades cryptocurrencies based on price momentum and relative strength. See more stories on Insider’s business page. The price action of bitcoin and… Source link

Bitcoin and gold are different sides of the same equation. There have been several instances in the past where financial studies have asserted how Bitcoin could potentially replace gold in the future. Surveys have also pointed out how Bitcoin stands a fair chance against gold. When it comes, to Bitcoin’s silver, the argument takes a different turn. Shedding light on the difference between LTC and BTC, Charlie Lee, founder of Litecoin, told that he viewed Bitcoin as “digital gold” and… Source link

Bitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis. Though the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection point. If Bitcoin can’t overtake its 50-day mean — which currently sits at about $57,000 — then it might be in for a period of volatility as the gap between the two trend… Source link

It looked like Ethereum (CRYPTO:ETH) was going to make a big move and sure enough, it has. ETH has decisively broken the resistance that was at the $2,500 level. There wasn’t enough supply to satisfy all of the demand, which has forced buyers to pay higher prices, and it has resulted in a rally. But now it’s overbought. This means it could consolidate or start to trade sideways. On the below chart, the red line is two standard deviations above the recent 20-day… Source link

Text size Dreamstime Stocks with exposure to cryptocurrencies have gotten a turbo-boost this year. As the price of Bitcoin and other coins has soared, public companies seen as proxies for the new asset class have sometimes risen even more than the cryptocurrencies themselves. One reason for that dynamic is that traditional investors have… Source link

At the time of writing, Bitcoin, the world’s largest cryptocurrency, was continuing its recovery run with its breach of the $55,000-level. Source: Coinstats The aforementioned breach had a corresponding effect on the price fortunes of the market’s alts, with the likes of Litecoin, Monero, Zcash, and Chiliz hiking too. Litecoin [LTC] Source: LTC/USD on TradingView The cryptocurrency dubbed the silver to Bitcoin’s gold, Litecoin, at press time, had climbed by over 16% since the… Source link

Dado Ruvic/Reuters Major banks from JPMorgan to UBS are increasingly keen on the Ethereum blockchain network, and it’s helping the system’s cryptocurrency, ether, soar to record highs. Ether rose to an all-time high of $2,710 during Asian trading hours, before paring some gains to stand at around $2,672 on Wednesday. The world’s second-most popular cryptocurrency had risen 15% over the week to Wednesday, according to data provider CoinGecko. It had gained around 260% in 2021 so far,… Source link

Pulse check: When a client goes down As of 4/20/2021 @ 19:33 UTCSource: CoinDesk Data Dashboard and beaconcha.in The Ethereum 2.0 network had its first major incident on Saturday, April 24. A bug was discovered in the software client, Prysm, that prevented roughly 70% of validators on the network from producing blocks. As background, there are four main Eth 2.0 software clients: Prysm, Teku, Lighthouse and Nimbus. In order to become a validator and earn rewards on the network, a user must… Source link

Photographer: Michael Nagle/Bloomberg © 2021 Bloomberg Finance LP Cycles exist in all markets. The researcher simply needs enough data to compute meaningful cycles. The first attempts at computing cryptocurrency cycles were not successful because insufficient data produced unstable cycles. Over the past few months, the cycles have become more consistent.   The first graph is a monthly histogram depicting the price behavior of the Grayscale Bitcoin Trust (GBTC). We can see… Source link