The crypto market bounced then lost steam over the past 24 hours, perhaps fueled by the behavior of new market participants joining this current bull cycle. Meanwhile, market data continues to suggest more and more ether being deployed and traded on the spot market to rival BTC. Bitcoin (BTC) trading around $38,224 as of 21:00 UTC (4 p.m. ET). Gaining 1.3% over the previous 24 hours. Bitcoin’s 24-hour range: $37,600-$40,702 (CoinDesk 20) Ether (ETH) trading around $2,720 as of 21:00 UTC (4… Source link

On May 26 the the bullish momentum that had propelled Bitcoin and altcoins into a relief rally was somewhat subdued as traders remain unsure of what may happen next.  After an early morning attempt by Bitcoin bulls to drive (BTC) price above $40,000 was met with stiff resistance, the digital asset lost momentum and slumped back to the $38,000 support level. BTC/USDT 4-hour chart. Source: TradingView Despite the continued struggle, a few positive signs like a decline in BTC exchange deposits… Source link

What Happened: Ethereum’s daily trading volumes nearly doubled Bitcoin’s on Tuesday, leading market participants to wonder if new money favored the second largest crypto asset over the first. Grayscale’s CEO Michael Sonnenshein confirmed that it wasn’t just retail traders contributing to higher Ethereum (CRYPTO: ETH) trading volumes. According to the most recent data, the notional volume for the Grayscale Ethereum Trust (OTCQX: ETHE) even… Source link

With cryptocurrencies continuing their wild ride, investors should stay away from Litecoin (CCC:LTC-USD) for the time being. Source: Wit Olszewski / Shutterstock.com Like all cryptocurrencies, LTC has been experiencing extreme volatility. Between May 9 and 23, Litecoin’s price fell 71%, from a high of $408.57 to a low of $118.66. The digital coin’s price has since rebounded and is today trading at right around $199. On May 26 alone, Litecoin’s price rallied 10% higher. The big… Source link

Litecoin (CCC:LTC-USD) is one of the original big cryptocurrencies, founded by Charlie Lee way back in 2011 as a peer-to-peer (P2P) coin. This makes it one of the first real competitors to Bitcoin (CCC:BTC-USD). Indeed, Lee created Litecoin using many of the same ideas as BTC, but designed it to be more efficient and useful in everyday transactions. Bitcoin, as investors have realized, can conversely be quite clunky for small purchases. Source: Wit Olszewski /… Source link

Litecoin (CCC:LTC-USD) is one of the original big cryptocurrencies, founded by Charlie Lee way back in 2011 as a peer-to-peer (P2P) coin. This makes it one of the first real competitors to Bitcoin (CCC:BTC-USD). Indeed, Lee created Litecoin using many of the same ideas as BTC, but designed it to be more efficient and useful in everyday transactions. Bitcoin, as investors have realized, can conversely be quite clunky for small purchases. Source: Wit Olszewski /… Source link

Bitcoin (CCC:BTC-USD) and Ethereum (CCC:ETH-USD) posted their largest one-day fall since March 2020 on May 19, with losses in the market capitalization for the entire cryptocurrency sector nearing $1 trillion. Source: Shutterstock Bitcoin dropped to $30,066 and Ethereum fell to as low as $1,850. The reason? China outlawed financial and payment institutions from providing cryptocurrency services. Cryptocurrency trading is illegal in China since 2019, part of President Xi… Source link

First Move’s Julia Chatterley spoke to Fred Thiel, CEO of Marathon Digital Holdings, Wednesday, where he spoke about the call, mining and climate and where bitcoin prices might go. Can you tell us what happened on that call and perhaps what role Elon Musk played, too? Thiel: I think the call’s purpose really was to help Elon understand really how power is used by the bitcoin mining industry and the bitcoin mining industry’s commitment to using carbon-neutral power. Overall our footprint will… Source link

Thousands of different cryptocurrencies exist, and many have captured the interest of investors. For example, Ethereum (CRYPTO:ETH) has surged nearly 1,100% over the past 12 months, even after the recent crypto market crash. Spurred by that popularity, PayPal (NASDAQ:PYPL) recently integrated cryptocurrency into its platform. In other words, investors can gain exposure to crypto without actually buying digital tokens. But which is the better… Source link

Litecoin Climbs 12% In Rally Investing.com – was trading at $201.298 by 05:56 (09:56 GMT) on the Investing.com Index on Wednesday, up 11.73% on the day. It was the largest one-day percentage gain since May 24. The move upwards pushed Litecoin’s market cap up to $13.510B, or 0.77% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $179.817 to $203.898 in the previous twenty-four hours. Over the past seven days,… Source link