Ether (ETH) perhaps had the most bullish outlook entering the July session, with a key technical update dubbed EIP-1559, promising to make its native token ETH scarcer through the network’s first-ever burning mechanism. But so far into the month, the second-largest cryptocurrency by market cap has vastly tailed its top rival Bitcoin. The positive correlation was visible on July 13, following the New York opening bell, when Ether plunged below $2,000 to hit its two-week low in sync with… Source link

What happened It’s Tuesday, and for the second day in a row, cryptocurrencies are going down. In 10:30 a.m. EDT trading today: So what Why is that? As we saw last week, and as we saw yesterday, the answer appears to be government regulation and action — not just in the U.S. but around the world. Image source: Getty Images. In the United Kingdom, authorities just announced a “significant” operation to seize what they called laundered “proceeds of… Source link

It’s morning in Miami, and a restless crowd, many thousands strong, has assembled outside the gates of the Mana Wynwood conference center. It’s early June, and they’re here to attend Bitcoin 2021, a two-day conference in Miami’s swiftly gentrifying Wynwood neighborhood that’s attracted 12,000 attendees in what is being advertised as not only the largest Bitcoin conference in history, but one of the biggest public gatherings in the U.S. since the Covid-19 pandemic began. But now,… Source link

Ethereum remains trapped in a tight range during a period of extremely low volatility. Short term support continues to prop price just below the $2,000 mark, while $2,050 has become a bitter point of resistance on the lower time frames. Higher time frames paint a more dreary macro picture for Ethereum, with the weekly 21 exponential moving average becoming a stubborn point of resitance to the upside at $2,175. It’s worth noting that anticipation around Ethereum’s upcoming London fork is… Source link

Ethereum Ethereum slid by 5.17% on Monday. Reversing a 1.43% gain from Sunday, Ethereum ended the day at $2,030.72. A mixed start to the day saw Ethereum rise to an early morning intraday high $2,169.00 before hitting reverse. Falling short of the first major resistance level at $2,182, Ethereum slid to a late intraday low $2,002.00. Ethereum fell through the first major support level at $2,090 and the second major support level at $2,040. Steering clear of sub-$2,000 levels, Ethereum revisited… Source link

New Delhi: Major cryptocurrencies were trading lower on Tuesday after investors booked profits. The digital token market has been cautious recently, following negative news flow last week. Eight out of top-10 digital currencies were trading lower at 9.30 hours IST, declining as much as 8 per cent. Trading volumes at major cryptocurrency exchanges fell by more than 40 per cent in June, research showed on Monday, with a regulatory crackdown in China and lower volatility among the factors… Source link

Bitcoin (BTC) might be struggling to break the $36,000 resistance for the past three weeks, but bulls now have one less thing to worry about: cascading futures contracts liquidations. One might be under the impression that a $1 billion liquidation is usual for Bitcoin. Still, traders tend to remember the most recent exaggerated movements more than any other price shifts, especially when the price crashes and people lose money. This negativity bias means that even when various price impacts… Source link

If you’re still getting up to speed on the cryptocurrency space, you’ve probably heard of Ethereum, which ranks as the second-largest cryptocurrency after bitcoin. Following in the footsteps of John Rekenthaler, I’ll write this article with Morningstar’s typical audience in mind–well-informed investors who own conventional securities, such as mutual funds and exchange-traded funds, but haven’t yet added cryptocurrencies to their portfolios. This article will explain some of the basics of… Source link

Litecoin (CCC:LTC-USD) is one of the most widely followed altcoins. Despite the ongoing downtrend in altcoins, LTC is up 8% so far in 2021. Its 52-week price range has been $41.47 to $412.96, and Litecoin trades for about $136 at this writing. Source: Shutterstock Along with electric vehicles, green energy companies and marijuana stocks, many digital currencies have seen eye-popping returns in the past year. But risk-averse investors may find the volatility of cryptocurrencies too… Source link

Litecoin (CCC:LTC-USD) is one of the most widely followed altcoins. Despite the ongoing downtrend in altcoins, LTC is up 8% so far in 2021. Its 52-week price range has been $41.47 to $412.96, and Litecoin trades for about $136 at this writing. Source: Shutterstock Along with electric vehicles, green energy companies and marijuana stocks, many digital currencies have seen eye-popping returns in the past year. But risk-averse investors may find the volatility of cryptocurrencies too… Source link