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Thu, May 27, 2021 Banning Bitcoin is a bad idea New Atlanticist by JP Schnapper-Casteras Representations of the virtual currency Bitcoin stand on a motherboard. Illustration by Dado Ruvic/Reuters. It has been a lively month for cryptocurrencies, between volatile markets and Elon… Source link

The May 28 futures and options expiry could be a turning point for Ether (ETH), as the cryptocurrency rebounded 60% from its $1,730 low on May 23. Even though the open interest stands at $6.2 billion, only 16% is set to expire on Friday, as most of the action takes place on perpetual and June contracts. One must account for the options expiry, as it could present an imbalance of forces. This feature is not true for futures markets, where longs (buyers) and shorts (sellers) are matched at all… Source link

Ethereum, Bitcoin, ETH/USD, BTC/USD Talking Points: Cryptocurrencies are continuing to show hints of recovery after a really rough two-week-stretch. That recovery does appear to be a little brighter in Ethereum at the moment, which highlights a bigger theme that’s become more prevalent in 2021 as Ether is appearing to steal some of the crypto spotlight from the titan of Bitcoin. At this point, there could be a bullish justification for Ethereum given the hold at higher-low support around… Source link

Getty Images It was worth $400 five years ago, but more than $60,000 in mid-April. You can buy it at a grocery store or gas station by using one of the 32,300 ATMs selling it. And it plays a leading role in many scams now… Source link

If you are looking for a major catalyst that may drive the price of Ether (CRYPTO:ETH), the native cryptocurrency on the Ethereum network, then look no further than Ethereum 2.0. Ethereum 2.0 is a set of upgrades currently in progress on the Ethereum blockchain that would make the network more scalable, secure, and sustainable. These upgrades have actually been in development since 2014 and represent a major transition for the world’s second-most… Source link

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Ethereum is currently trading at $2,639 after bouncing significantly from its weekend lows of $1,735. The industry’s second largest asset by market cap is still seething following a sensational blow-off top at $4,400 following months of continuous price action to the upside. Ethereum lost more than 60% of its value in just 12 days, coinciding with a chaotic fall in the price of Bitcoin, which ended its uptrend with a plunge to below $30,000. Analysts remain cautious on cryptocurrencies as a… Source link

The Litecoin price has recovered the 100-day moving average. However, the failure to break above $200.00 puts the future of the rally in doubt. Outside of Bitcoin and Ethereum, the losses in altcoins from the highs were remarkably similar. LTC sat perfectly within the range and lost -70% from its $413.40 peak. Again, the 80% rally in the Litecoin price is in line with many of its peers. And finally, like much of the market, LTC has failed to recover its uptrend… Source link

Ethereum Ethereum rose by 6.72% on Wednesday. Following a 2.20% gain on Tuesday, Ethereum ended the day at $2,889.84. A bearish start to the day saw Ethereum fall to an early morning intraday low $2,647.21 before making a move. Steering clear of the first major support level at $2,471, Ethereum rose to a late morning intraday high $2,913.68. Ethereum broke through the 38.2% FIB of $2,740 and the first major resistance level at $2,856. An early afternoon pullback saw Ethereum fall back through the… Source link