Some Bitcoin watchers on Wall Street see more losses ahead for the world’s largest cryptocurrency. A cohort of chart watchers on Wall Street say Bitcoin’s deepest selloff since crypto mania kicked off last year looks set to intensify. Evercore ISI’s Rich Ross reckons prices are destined to fall back to the 200-day moving average, following a path of other speculative assets, which would put Bitcoin back at $40,000 compared with just under $44,000 currently. Others are watching for a… Source link

Bloomberg China Puts Australia on Notice With Push to Diversify Iron Ore (Bloomberg) — Beijing threw the spotlight on trade tensions with its top commodities supplier, Australia, after the government’s economic planning agency said it’s looking to diversify China’s supply of iron ore.Chinese firms should boost domestic exploration for the steel-making input, widen their sources of imports, and explore overseas ore resources, the National Development and Reform Commission said at its… Source link

BackyardProduction / iStock.com Cryptocurrencies have skyrocketed in popularity recently and this trend shows no signs of slowing. Given all the talk around these digital assets, you might be wondering whether now is the time to invest. But before pulling the trigger, it’s always a good idea to have an understanding of the underlying asset. Cryptocurrency is no exception and it is quite different than investing in stocks or bonds. Read: Dogecoin’s Major Price Increase: Is It a Worthwhile… Source link

Ethereum Ethereum slid by 8.41% on Monday. Following a 1.71% decline on Sunday, Ethereum ended the day at $3,283.32. A mixed start to the day saw Ethereum rise to an early morning intraday high $3,590.00 before hitting reverse. Falling short of the first major resistance level at $3,861, Ethereum slid to a late afternoon intraday low $3,108.00. The sell-off saw Ethereum fall through the 23.6% FIB of $3,369 and the first major support level at $3,327. Finding late morning support, Ethereum briefly… Source link

Bitcoin, Litecoin, Elon Musk, Cryptocurrency– Talking Points Crypto market recovering after Elon Musk tweets inject volatility over weekend Bitcoin may turn higher after bouncing from prior support turned resistance Litecoin maintains broader trend higher, bouncing from its 50-day SMA Bitcoin is up against the ropes, now down more than 30% from its all-time high back in April when the cryptocurrency hit 64,895.22 before breaking below a key trendline. The asset has been no stranger to… Source link

Bitcoin has bounced off the $42,000 level twice today. (Photo by Yuriko Nakao/Getty Images) Getty Images Bitcoin prices have been suffering lately, falling to almost $42,000 today and reaching their lowest in more than three months. The world’s largest digital currency by market capitalization dropped to as little as $42,102.35 this afternoon, according to CoinDesk data. At this point, the cryptocurrency was trading at its lowest since February 8, additional CoinDesk… Source link

Litecoin (CCC:LTC-USD) is one of the oldest cryptocurrencies, launched in 2011, with a focus on peer-to-peer transactions, by computer scientist Charlie Lee. Two years later he went to work at Coinbase (NYSE:COIN) and in late 2017 he sold all his Litecoin. Source: Wit Olszewski / Shutterstock.com This was very controversial at the time, and it cast a pall on the cryptocurrency. But then he left Coinbase and came back to head to Litecoin Foundation. Since then Litecoin has… Source link

Customers inside the Mile Castle pub in Newcastle as indoor hospitality and entertainment venues reopen today Photograph: Owen Humphreys/PA Shares in UK hospitality and travel-focused companies have dipped today, as people are urged to be cautious as pandemic restrictions are lifted. Restaurant Group, which owns Wagamama and Frankie & Benny’s, has fallen by 5% so far today, while food operator SSP Group (who run Upper Crust and Ritazza outlets at airports and… Source link

Bitcoin slipped to 3.5-month lows early Monday, confirming the biggest price pullback of the current bull run.  The top cryptocurrency printed a low of $42,212 during the Asian hours, the level last seen on Feb. 8, marking a 35% drop from the record high of $64,880 reached on April 14, according to CoinDesk 20 data.  The bitcoin (BTC) price has seen four corrections from new price highs so far this year, out of which the latest 35% retreat is the biggest. Chart analysts had warned of a… Source link

BERLIN, GERMANY DECEMBER 01: SpaceX owner and Tesla CEO Elon Musk poses on the red carpet of the … [+] Axel Springer Award 2020 on December 01, 2020 in Berlin, Germany. (Photo by Hannibal Hanschke-Pool/Getty Images) Getty Images Like plucking the petals off a tulip, Elon Musk seems to be on a one-man mission to bring down Bitcoin. We’ll guess at why he’s doing it in a minute. Let’s first focus on what he’s doing and what it means for Bitcoin. The current drama… Source link