Voyager Digital CEO & Co-Founder Steve Ehrlich on bitcoin plunging below $36K, hitting its lowest level since January. Wednesday was a rough day for Bitcoin investors as the cryptocurrency plunged by as much as 30% from the prior day to a low of $30,201 by late afternoon. GET FOX BUSINESS ON THE GO BY CLICKING HERE Early Thursday, Bitcoin flirted with the $40,000 level, trading down 0.76% at $39,792 per Bitcoin, according to Coindesk. It fell as low as $30,066 on Wednesday. Keep in mind:… Source link

Bitcoin (BTC/USD), Ethereum (ETH/USD),Litecoin (LTC/USD), Technical Analysis – Talking Points Marketwide volatility hit cryptocurrencies on worst day since early 2020 Bitcoin could be vulnerable after prices took out the key 200-day SMA Ethereum eyeing 100-day SMA, Litecoin took out medium-term trendline Bitcoin Technical Outlook Bitcoin suffered its worst daily drop in over 14 months on Wednesday. Weakness wasn’t just isolated to BTC, but felt throughout digital currencies in one amplified… Source link

After losing 69% in 10 days, in what can only be described as a bloodbath, many will be wondering if the litecoin price can ever recover. After the sell-off earlier in the week, there seemed to be some signs of stability returning to the cryptocurrency market. Bitcoin had held around $48,000, Ethereum seemed to be finding some buying in the $36,00 to $38,00 range. When trading started yesterday, the Litecoin price was already down 30% from its 10th of May high of… Source link

Andy Warhol ‘Untitled (Self-Portrait)’ non-fungible token (tif) 4500 x 6000 pixels (bytes) Executed … [+] circa 1985; to be minted in 2021 Property from The Andy Warhol Foundation (Christie’s) The nascent use of Ethereum to buy digital artworks as non-fungible tokens dove deeper into uncertainty today with the abrupt sell-off of nearly every cryptocurrency after China doubled down on its ban on crypto services for its financial institutions.  Bitcoin’s price this morning sank… Source link

Bitcoin has had better days.  Getty Images Bitcoin, Dogecoin, Ethereum and seemingly every… Source link

Tesla’s CEO Elon Musk tweeted “Tesla has diamond hands” through a combination of text and emojis, … [+] implying that the company would not be selling its $1.7 billion bitcoin stake. Getty Images The big crypto sell-off continues. Earlier in the morning, bitcoin, the world’s largest cryptocurrency, briefly fell below $30,000 and had continued to trade south of $40,000 – the first time since early February – for a few hours before making a comeback above the key… Source link

With the cryptocurrency market, there seems to be no end to the rush of blood. On May 12, Ethereum (CCC:ETH-USD) traded at highs of $4,362. As I write, Ethereum has slumped to $2,667. Source: Filippo Ronca Cavalcanti/Shutterstock.com A 39% correction within one week seems significant. However, it’s worth reminding that Ethereum was trading at $735 at the beginning of the year. The cryptocurrency is still higher by 264% for the year. At the onset, there are two reasons that… Source link

Bitcoin sold off sharply Wednesday. The slump represented an acceleration of a downtrend in the world’s No. 1 crypto that had begun over the past 10 days or so, investors and industry specialists told MarketWatch. At last check, bitcoin prices BTCUSD, -1.23% were changing hands at $38,732,56 on CoinDesk, which is actually a remarkable feat since it touched a session low of $30,201.96 before bouncing back. Prices of Ether Source link

It’s impossible to navigate the investing world these days without coming across cryptocurrency in some way. It’s everywhere — on your trading platform, on your social media feeds, and even your favorite cable financial news channel. Arguably the second-most-discussed digital asset is Ethereum (CRYPTO:ETH), which has grabbed headlines recently for its performance compared to Bitcoin, its gorilla-sized big brother. It’s up roughly 24% in the past… Source link

An electronic board showed bitcoin’s price in late March in Seoul, South Korea. Photo: yonhap/Shutterstock Bitcoin bulls sitting on massive long-term gains might be able to laugh off the most recent selloff in it and other cryptocurrencies, but the episode still exposes flaws in the argument for… Source link