Text size Dreamstime Bitcoin and other cryptocurrencies tumbled over the weekend, extending declines that began earlier this month. While Bitcoin prices recovered on Monday, there may still be more pain to come for cryptocurrency investors if the digital currency crashes like it did in 2017. Bitcoin continued to be volatile over the weekend…. Source link

Text size AFP via Getty Images Bitcoin is attempting to stabilize after being cut in half from April’s $64,800 high. The cryptocurrency sank to about $30,000 intraday last Wednesday—a critical support area that must hold. What are the technicals projecting? Let’s examine a weekly closing chart. Twice, Bitcoin advanced from large rounding… Source link

Litecoin Climbs 10% In Rally Investing.com – was trading at $156.830 by 05:49 (09:49 GMT) on the Investing.com Index on Monday, up 10.28% on the day. It was the largest one-day percentage gain since May 20. The move upwards pushed Litecoin’s market cap up to $10.636B, or 0.70% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $139.764 to $163.097 in the previous twenty-four hours. Over the past seven days,… Source link

Since the launching of Bitcoin in 2009, many alternative cryptocurrencies have emerged into this young space. Among the cryptocurrencies include Ethereum that debuted in 2015, Monero in 2014, and Dogecoin in 2013. Today, let focus on Monero. Monero attracted users in its early days due to its privacy features. It was widely used in the darknet markets to purchase illicit products and services. Apart from purchasing products, crypto is used… Source link

Bitcoin and cryptocurrencies have crashed over last week, with an electrifying $1.3 trillion wiped from the combined crypto market price. The bitcoin price has lost almost 50% of its value since hitting its all-time high of nearly $65,000 per bitcoin in April. Meanwhile, ethereum is down by more than half after climbing to over $4,000 per ether token earlier this month. Now, a leaked report from Wall Street giant Goldman Sachs GS has given ethereum, the second-largest… Source link

Ethereum Ethereum fell by 8.58% on Sunday. Following on from a 5.65% decline on Saturday, Ethereum ended the week down by 41.44% to $2,099.58. A mixed start to the day saw Ethereum rise to an early morning intraday high $2,382.00 before hitting reverse. Falling short of the first major resistance level at $2,470, Ethereum slid to a late afternoon intraday low $1,728.00. Ethereum fell through the first major support level at $2,140 and the second major support level at $1,983. Finding support at… Source link

Bitcoin, which accounts for more than 45% of the global crypto market, was trading around $33,000 per coin Sunday morning eastern time — far off its all time high above 64,000 just over a month ago. Tesla CEO Elon Musk, whose tweets regularly influence the crypto market, on Saturday underscored his support for digital currencies, giving bitcoin a slight boost after a very rocky week. “The true battle is between fiat & crypto. On balance, I support the latter,” Musk wrote Saturday morning…. Source link

Litecoin Plunges 30% In Bearish Trade Investing.com – was trading at $126.316 by 12:18 (16:18 GMT) on the Investing.com Index on Sunday, down 30.16% on the day. It was the largest one-day percentage loss since May 19. The move downwards pushed Litecoin’s market cap down to $8.639B, or 0.66% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $126.293 to $176.245 in the previous twenty-four hours. Over the past… Source link

To counter Elon Musk’s outsized influence on cryptos’ prices, new crypto called $STOPELON was created.(Reuters Photo) As Bitcoin along with other prominent cryptos such as Ethereum, Dogecoin, Cardano, Binance Coin, etc. dropped significantly during the last seven days, demonstrating the volatility they are plagued with, the total value of 7,459 cryptos (tracked) plummeted 33 per cent from nearly $2.25 trillion as of May 16 to $1.50 trillion at the time of filing report, as per data from… Source link

Litecoin Tumbles 22% In Rout Investing.com – was trading at $139.970 by 08:37 (12:37 GMT) on the Investing.com Index on Sunday, down 21.88% on the day. It was the largest one-day percentage loss since May 19. The move downwards pushed Litecoin’s market cap down to $9.672B, or 0.69% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $139.638 to $176.245 in the previous twenty-four hours. Over the past seven days,… Source link