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Ethereum is the world’s second largest cryptocurrency behind Bitcoin, its price recently surging to a record high of $3,400 at the beginning of May 2021, a quadrupling in its value since the start of 2021.  What are cryptocurrencies? Find out more With an effective market capitalisation of around $350 billion, Ethereum’s corporate clout puts it on a par with major well-known companies such as PayPal and the Bank of America.  If you’re familiar with Bitcoin but less… Source link

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Bitcoin has regained poise on Wednesday after U.S. Treasury Secretary Janet Yellen toned down comments suggesting interest rate hikes may be needed to stop the economy from overheating. “It’s not something I’m predicting or recommending,” Yellen clarified during an online event hosted by The Wall Street Journal late on Tuesday, downplaying remarks made earlier in the day. “If anyone appreciates the independence of the Federal Reserve, I think that person is me,” Yellen added, Source link

Litecoin (LTC) Price Could Reach a New High of $500 (LTC) price is surging towards the $500 mark. This looks to be a promising surge for LTC in the crypto market. According to CoinMarketCap data, Litecoin price is surging drastically towards a new high of $500. In fact, Litecoin’s upward surge in price looks somewhat promising in the entire crypto market. About the current Litecoin (LTC) bullish surge, crypto analyst Lark Davis also shared a tweet saying that “Litecoin is finally… Source link

Dogecoin, the meme-based, tongue-in-cheek bitcoin rival that’s soared by more than 20,000% over the last 12 months, is still climbing. The dogecoin price has added 130% in the past week, taking it to highs of 69 cents, as hype builds ahead of Tesla TSLA billionaire and dogecoin devotee Elon Musk’s planned SNL appearance. In comparison, the bitcoin price is only up a mere 500% since May 2020 and has been more-or-less trading sideways since mid-February (even as other cryptocurrencies… Source link

Ethereum Ethereum fell by 5.65% on Tuesday. Partially reversing a 16.32% breakout from Monday, Ethereum ended the day at $3,240.01. It was a particularly bearish start to the day. Ethereum fell from an early morning high $3,454.80 to an early morning intraday low $3,166.12. Steering clear of the first major support level at $3,105, Ethereum rallied to an early afternoon intraday high and a new swing hi $3,507.98. Falling short of the first major resistance level at $3,611, Ethereum slid back to… Source link

Monero needed to defend $388 from bearish pressure and this would lead to a breakout above $440. Klaytn’s recovery was restricted below $2.6, while Chainlink was projected to break north from its pattern and head towards $49. Monero [XMR] Source: XMR/USD, TradingView Since the last week of March, Monero has seen exponential growth. A low of $204 seen during March 25 and a high of $438 a week ago represented gains of over 110%. For the last few sessions, the rally was kept at bay under the… Source link

Bitcoin and ether got swept up in a crypto market sell-off Tuesday, along with U.S. stocks, before recovering later in the day. Earlier, ether and dogecoin touched new all-time high prices.   U.S. Treasury Secretary Janet Yellen was a catalyst for the midday sell-off after she warned that interest rates may need to rise. Some traders apparently sold on concerns the cheap money era might not last forever. Ether (ETH) trading around $3,369 as of 21:00 UTC (4 p.m. ET). Gaining 3.4% over the… Source link

It has been a big year for cryptocurrency. Bitcoin is worth six times what it was 12 months ago, and the joke currency Dogecoin has seen a hundredfold increase in price. A boom in “non-fungible tokens”, or NFTs – tradable tokens based on the same technology as cryptocurrency – is transforming the art market. With this growth has come renewed scrutiny, with critics attacking Bitcoin in particular as a speculative bubble that uses vast amounts of electricity and produces no real… Source link