Bitcoin regained some lost ground to trade near $40,000 on Thursday, a day after a brutal selloff on concerns over tighter regulation in China and unease over the extent of leveraged positions in the cryptocurrency world. The biggest and most popular cryptocurrency rose nearly 14% to $42,000, after plunging 14% on Wednesday to its lowest since late January. Smaller rival ether was up 20% at $2,935 at 1313 GMT, after its 28% tumble. Those bounces came after prominent crypto backers such as… Source link

Litecoin price lost nearly all the gains incurred since the beginning of the year. It registered a historical market value drop of roughly 60% on May 19.  LTC recovered a crucial support level at $195, generating an optimistic outlook to continue the uptrend. Litecoin price continues holding above a crucial support level despite the erratic behavior seen recently. A spike in buying pressure can be expected after most overleveraged traders were flushed out of the… Source link

Photo by Martin BUREAU / AFP via Getty Images Text size Bitcoin edged higher on Thursday after plunging to its lowest level since February on Wednesday. The previous day’s rout sparked a wider selloff among cryptocurrencies and stocks that have benefited from crypto’s surge. After an 11% drop on Wednesday… Source link

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He stressed, however, that it’s “notoriously hard to predict” when bubbles will pop. “It could have ended already,” Buterin said. “It could end months from now.” By Wednesday morning, ether, the in-house currency on the network Buterin invented, crashed below $1,900 — a staggering drop of more than 40% from Tuesday night, according to Coinbase. Ether rebounded to around $2,700 Thursday morning, but that’s still down sharply from the record high of $4,384 on May 11. The nosedive may have cost… Source link

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc.2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are… Source link

Cryptocurrencies have taken the world by storm. Since 2013, the value of all cryptocurrencies in circulation has soared from $1.6 billion to more than $1.6 trillion at Wednesday’s prices, and roughly $1.4 trillion of that value was added in the past year, according to CoinMarketCap.   Bitcoin (CRYPTO:BTC) has been the leader of the pack, thanks to its first-mover advantage as the original cryptocurrency. However, in recent months, Ethereum (

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Editor’s note The information on this page should not be used as investment advice. Tom’s Guide can not tell you whether you should invest in a particular cryptocurrency, or in the market as a whole. Crypto prices can go down as well as up and you could get back less than you put in. Ethereum (ETH) is set to slash its energy consumption by 99.95% within months as it makes the transition to a new infrastructure model. The world’s second biggest cryptocurrency currently has a carbon footprint… Source link

Ethereum Ethereum tumbled by 27.63% on Wednesday. Reversing a 2.82% gain from Tuesday, Ethereum ended the day at $2,443.91. A mixed start to the day saw Ethereum rise to an early morning intraday high $3,444.96 before hitting reverse. Falling short of the first major resistance level at $3,549, Ethereum tumbled to an early afternoon intraday low $1,900.00. Ethereum fell through the day’s major support levels. More significantly, Ethereum also fell through the 23.6% FIB of $3,369 and the 38.2%… Source link