Bitcoin and cryptocurrency prices have suddenly surged, bouncing back after a brutal week wiped more than $1 trillion from the crypto market. The bitcoin price has climbed back over the closely-watched $40,000 per bitcoin level, gaining almost 20% since the weekend when it dropped to around $30,000. Other major tokens, including ethereum, cardano, Binance’s BNB, and Ripple’s XRP rose alongside bitcoin—adding between 5% and 15%—although the meme-based, somewhat satirical dogecoin… Source link

The price of Bitcoin (BTC) has surpassed $40,000 on Wednesda, breaking above a key sell area for the first time in five days. Traders expect a broader rally to come and a bullish market structure to form if Bitcoin continues to rise above $42,000 and Ether (ETH) reclaims $3,000.  BTC/USD (orange) and ETH/USD (blue) 4-hour candle chart Source. TradingView $42,000 and $49,000 are key resistance levels Bitcoin has been recovering over the past week due to three major factors. First, Tesla CEO Elon… Source link

Ethereum Ethereum rose by 2.20% on Tuesday. Following a 26.25% rally from Monday, Ethereum ended the day at $2,707.56. A bullish start to the day saw Ethereum rise to an early morning intraday high $2,768.00 before hitting reverse. While falling short of the first major resistance level at $2,862, Ethereum briefly broke through the 38.2% FIB of S2,740. The reversal saw Ethereum fall back through the 38.2% FIB to a mid-day intraday low $2,383.39. Steering clear of the first major support level at… Source link

Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) are the top two cryptocurrencies around right now, as they have the two highest market caps out of all cryptocurrencies. The entire crypto market saw a crash last week and both of these cryptocurrencies took a hit. Below is a comparison of the charts over the past month. See Also: Ether What? Research Shows More Americans Heard About Dogecoin Than Ethereum Bitcoin Daily Chart Analysis: Bitcoin was… Source link

In this article, we will take a look at the 10 best cryptocurrencies Redditors are buying. You can skip our detailed analysis of these cryptocurrencies, and go directly to 5 Best Cryptocurrencies Redditors are Buying. The free fall in the prices of cryptocurrencies over the past week has exacerbated investor concerns around volatile technology stocks. However, market experts like Cathie Wood, who reportedly holds the largest institutional investment in cryptocurrencies through her firm, Ark… Source link

The Biden administration, lawmakers, and central bankers are wrestling with fresh challenges posed by cryptocurrency, conferring in numerous meetings amid recent volatility in digital assets. White House officials were briefed by career staff members at the Treasury Department about the risks posed by cryptocurrency earlier this month, said two people familiar with the matter. The issue has also been raised in conversations with federal regulators involving the department’s Office of the… Source link

Litecoin (CCC:LTC-USD) is down nearly 50% from all-time highs it reached earlier in May. However, if you’re a cryptocurrency investor this shouldn’t really be a concern. Source: Shutterstock Expecting to invest in crypto without massive price swings is like getting on a water slide and expecting not to get wet.   In my mind, the question isn’t even so much about whether now is a good time to buy Litecoin. It may have further to drop. After all, as I wrote back in… Source link

Two technicians inspect Bitcoin mining at Bitfarms in Quebec. LARS HAGBERG/AFP via Getty Images Text size Bitcoin is down 4.3%—and though it might not seem like it, that’s good news. If Bitcoin were the stock market, Tuesday’s drop would be frightening. For Bitcoin, it’s nothing. The cryptocurrency has… Source link

Check out what’s clicking on FoxBusiness.com. Bitcoin gained more than 4% overnight, and as of 6 a.m. ET is trading at close to $38,000. Just after midnight eastern time, the cryptocurrency stood at $38,289 before beginning a steady decline throughout the night, reach a low of $37,833 at 12:21 a.m. before once again beginning to rise. BITCOIN MINERS AGREE TO FORM COUNCIL AMID MEETING WITH ELON MUSK By 3:16 a.m., it reached its overnight high of $39,197, Coindesk reported. Meanwhile,… Source link

The chief executive told Reuters in an interview this week that his bank has no plans to launch a cryptocurrency trading desk, and “given the volatility, we are not into bitcoin as an asset class.” HSBC confirmed Quinn’s remarks to CNN Business but declined to comment further. Bitcoin (XBT) is currently on a roller coaster ride. The virtual currency has continuously made headlines for its wild price swings, and has dropped more than 30% in value this month alone, from roughly $58,000 to just… Source link