Bearish news is causing the crypto market to dip and uncertainty reigns as to when prices might pick up again. Bitcoin (BTC) trading around $35,889 as of 21:00 UTC (4 p.m. ET). Slipping 7.6% over the previous 24 hours. Bitcoin’s 24-hour range: $35,453-$39,053 (CoinDesk 20) Ether (ETH) trading around $2,506 as of 21:00 UTC (4 p.m. ET). In the red 9.3% over the previous 24 hours. Ether’s 24-hour range: $2,443-$2,784 (CoinDesk 20) Bitcoin dumps on doubt Bitcoin’s hourly price chart on Bitstamp… Source link

Bullish investors in bitcoin aren’t all jazzed about the long U.S. Memorial Day holiday weekend ahead. The sun, the fresh air, barbecues, the first major summer break, as more doses of COVID vaccines have hit the arms of Americans and those in other parts of the world. That setup appears to be taking a back seat to growing agita about bearishness that could further crystallize in the coming days for bitcoin BTCUSD, -7.74% and the broader crypto… Source link

SHERIDAN, Wyo., May 28, 2021 /PRNewswire/ — COMIT Network, an Australian research and development workgroup, have announced that trustless atomic swaps between Monero and Bitcoin are now live on mainnet. This allows users to trade XMR for BTC without needing to trust an intermediary or the trading counterparty. Users can more easily trade worldwide without using a regulated financial institution. The Monero cryptocurrency is best-known for its private and fungible properties. Unlike other… Source link

Digital tokens took a hit on Friday as a growing list of central bankers expressed concerns about their usefulness. By Lynn Thomasson and Anchalee WorrachateBloomberg Bitcoin slumped 7% to near $35,500, recalling levels seen in the crypto meltdown last week as traders brace for fresh volatility over the long weekend. Prices across digital tokens took a hit as Bank of Japan Governor Haruhiko Kuroda joined a growing list of central bankers expressing skepticism about the industry’s usefulness… Source link

Bitcoin prices (XBT) fell 8% Friday and have plunged about 36% in May — their worst monthly performance since September 2011. Tesla (TSLA) CEO Elon Musk did an about-face on bitcoin, telling customers recently that the electric car giant will no longer accept bitcoin as payment for its vehicles because of concerns about the environmental impact of bitcoin mining, which is extremely energy intensive. China also has stepped up its crackdown on crypto and the United States Treasury department… Source link

Cryptocurrency prices have been all over the map, as volatility really shakes this group. First it was just Bitcoin (CCC:BTC-USD) that was showing signs of weakness. Then Ethereum (CCC:ETH-USD), Bitcoin Cash (CCC:BCH-USD) and others began to waver. It’s actually been pretty interesting to watch this group. Concept coins for Ethereum (ETH) and Ethereum Classic (ETC). Source: Shutterstock InvestorPlace – Stock Market News, Stock Advice & Trading Tips In February, most high-growth tech stocks… Source link

Which of the following two statements bests describes bitcoin mining in China: It represents the actions of individuals acting independently and anonymously, who just happen to live in China. Even if the Chinese bitcoin miners aren’t explicitly part of a team, the Chinese government is aware of who they are and they could be induced (forced?) to collude with each other. My question goes to the heart of one of bitcoin’s BTCUSD, … Source link

Bitcoin and cryptocurrency prices have dived after staging something of a recovery earlier this week. The bitcoin price bounced back to over $40,000 per bitcoin following a sharp sell-off last weekend, however, the rally has failed to hold in the wake of the latest bitcoin monthly options expiry. Bitcoin’s price plummet to $35,000, wiping 10% off of bitcoin’s value over the last 24-hour trading period, has weighed on the broader crypto market, with other top ten tokens ethereum,… Source link

Blockchain-based tokens suffered several price dives last week in response to talk of a crackdown in China and tweets by Musk. Photo: Costfoto/Barcroft Media via Getty Images Major cryptocurrencies plunged into the red on Friday morning as the crypto market continues its volatility since last week’s massive sell-off.  Bitcoin (BTC-USD) fell back below $40,000 (£28,195) during the session, trading 4.9% lower to $36,708.  The world’s second most popular crypto, ethereum (ETH-USD) crashed over… Source link

Ethereum Ethereum slid by 4.98% on Thursday. Partially reversing a 6.72% gain from Wednesday, Ethereum ended the day at $2,745.51. A mixed start to the day saw Ethereum rise to an early morning intraday high $2,893.96 before hitting reverse. Falling short of the first major resistance level at $2,987, Ethereum fell to an early morning intraday low $2,639.32. Ethereum fell through the 38.2% FIB of $2,740 and the first major support level at $2,720. Finding late morning support, Ethereum revisited… Source link