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Elon Musk, the meme-happy Telsa billionaire who has helped bitcoin reach a $1 trillion market capitalization this year, continues to tease the cryptocurrency market. The bitcoin price, after doubling through the first three months of the year, has struggled in April—losing over 10% of its value amid multiple warnings the “frothy” cryptocurrency market could be headed for a “major” correction. With Tesla set to release its first set of results since adding $1.5 billion worth of bitcoin… Source link

Bitcoin’s volatility has been moving in a downward direction, and the price of the currency seems fixed in a band between $50,000 and $60,000. Is the current market for bitcoin a temporary lull between lurches? Or is it a long-term trend toward lower volatility that could change the way bitcoin is perceived? The answer is, it’s too early to tell. The chart above shows bitcoin’s volatility has been on a steady decline. (Ether and the S&P 500 are included as references.) However, it’s… Source link

While some altcoins were trying to find stable ground, a few had already recovered from the volatile market. As Cardano’s [ADA] price moves cautiously, Monero [XMR] and Crypto.com [CRO] had witnessed growth. Source: CoinStats Meanwhile, Bitcoin continued to trade around $49,834 and has seen a 24-hour price change of +0.97 percent. Cardano [ADA] Source: ADAUSD on TradingView The above chart of Cardano [ADA] was indicating that after a visible slump in price, the value has not really… Source link

Ethereum sees bullish momentum on Sunday as gas fees drop to levels not seen in weeks. Ethereum managed to stage a comeback on Sunday following a dismal weekend which was led by a weakening bitcoin. ETH managed to reach a new all-time high of $2,645 on Binance. The blockchain also saw its active ethereum address hit a new all-time high of 771,000. Previously held in November 2020 at 739,000. Ethereum had since declined with bitcoin which had seen a full week of bearish selling in the market…. Source link

Did the world just witness the bitcoin bomb? Or, the chance for a bitcoin buy? The famed cryptocurrency fell sharply over the last half of April, sinking from its mid-month high of around $64,000 to Sunday morning when it was hovering around $50,000.  But is this decline a sign of serious trouble, or just expected volatility?  “Bitcoin’s volatility isn’t a flaw, it’s a gift — especially for the up and coming investor class of millennials and Gen-Z,” said Dave Balter, the chief executive of… Source link

A model of the digital cryptocurrency Bitcoin is on display at Zhengzhou Network Security Science … [+] and Technology Museum on November 27, 2020 in Zhengzhou, Henan Province of China. (Photo by Liu Yanfeng/VCG via Getty Images) VCG via Getty Images What the heck happened to my Bitcoin last week? I’ve been taking some off the table since hitting all time highs, and loading up my BitPay Mastercard with some gains. I remember where Bitcoin was in March 2020. Around $5,000…. Source link

Digital currencies have surged this year. But what if you’d invested much earlier? It’s always fun to play the “what if?” game with investments, especially when top cryptocurrencies have soared in value since being launched. If that’s something that intrigues you, keep reading to see how much you would have made if you’d invested in Ethereum from day one. What is Ethereum? Ethereum (ETH) is the world’s second-biggest cryptocurrency, behind Bitcoin (BTC). It was launched in July 2015 and first… Source link

In early Sunday trading, Litecoin is once again testing the critical support of the 50-day moving average as the broader Crypto market woes persist. At the time of writing, Litecoin is trading at $228.0, having been as low a 223.26 earlier in the session. Like much of the crypto universe, the coin had enjoyed a stellar start to 2021, rallying as much as 167% to the 2021 high of $335.36 earlier in the month. Again like many of its peers, Litecoin has since found… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Litecoin’s price has dropped by 26 percent over the past week. However, at the time of writing, the alt had bounced back somewhat, with the crypto now trying to limit its losses. The past few trading sessions saw quite a lot of sideways movement and traders may have to wait a bit longer before LTC can move the price range closer to $300.  At the time of… Source link