Bitcoin pulled back on Friday after rising nearly 10% earlier this week. The cryptocurrency was trading around $32,000 at press time and is up about 2% over the past seven days. Ether, the world’s second largest cryptocurrency, is holding above $2,000 and is up about 6% over the past week.  Upside momentum is improving, which could keep crypto buyers active into the weekend. Some analysts expect a short-squeeze to push bitcoin above the 50-day moving average around $34,000 given oversold… Source link

Litecoin price steadies at the 78.6% Fibonacci retracement level after nine consecutive down days. On July 21, LTC records the best day since the May 31 gain of 10%. The digital asset is positioned below the 50-week simple moving average (SMA), forecasting a challenging long-term recovery. Litecoin price recorded nine consecutive down days and an oversold reading on the daily Relative Strength Index (RSI) before the 9.8% gain on July 21. The rebound from the 78.6%… Source link

What happened It’s finally Friday, and while this morning it looked like cryptocurrencies would end the week on a high note, things got ugly in a hurry. Buoyed by good news out of investment bank JPMorgan Chase, the price of Bitcoin (CRYPTO:BTC) bounced nearly 2% out of the gate, Ethereum (CRYPTO:ETH) ran past 3%, and Dogecoin (CRYPTO:DOGE) briefly passed a 4% gain. But things took a sudden turn for the worse around about 10:30 a.m. EDT, and have… Source link

Arman Shirinyan Monero’s trading volume is around average, but activity on the coin’s blockchain might be a sign of something big Private cryptocurrency Monero has hit a record 57.9 average daily transactions per block according to the Monero Blocks XMR explorer. Source: localmonero.co Over the past day, more than 40,000 transactions took place within Monero’s blockchain, which exceeds more than 25 percent of the average weekly transactions volume. XMR trading pairs are also facing… Source link

Cryptocurrencies were mostly higher on Thursday as bullish sentiment returns. Bitcoin was trading around $32,300 at press time and is up about 1% over the past week. The price recovery off $30,000 support stalled following positive comments from Tesla’s CEO Elon Musk on Wednesday. Technicals suggest upside is limited around $34,000 resistance.  Lukas Conrad, chief product officer at Bitpanda, an Austrian financial services platform, described the trading environment across cryptocurrencies… Source link

What happened Has Dogecoin (CRYPTO:DOGE) ever had a better friend that Elon Musk? Well, not today. For months, the Tesla (NASDAQ:TSLA) boss has off-and-on hyped or denigrated the one-time joke cryptocurrency, helping to drive the former sub-$0.01 coin’s value past $0.72. But today, Musk’s distraction from Dogecoin may be the reason the price is diving — and also the reason that Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) are both moving higher…. Source link

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Ethereum’s native crypto Ether (ETH) rebounded sharply on Thursday after Elon Musk disclosed for the first time that his private rocket firm SpaceX holds Bitcoin (BTC), and Tesla would probably resuming the bitcoin payment option for its electric cars. The BTC/USD exchange rate was below $30,000 but bounced by more than 5% after the big reveal, touching an intraday high of $32,895. Ether, which tends to move in lockstep with the flagship cryptocurrency, surged likewise. Ether was holding onto… Source link

Anish Saxena, a New Delhi-based automobile dealer, made “incredible” profits by investing in cryptocurrencies in 2020, just as his business took a hit from the coronavirus pandemic-induced lockdown. “I had known about Bitcoin and Ethereum and dozens of other assets for years,” the 33-year old businessman said. “But I only got to invest in them after the lockdown pushed me and my family members out of work. And it helped us survive — big time.” Saxena revealed that he had… Source link

Ethereum Ethereum jumped by 11.74% on Wednesday. Reversing a 1.76% loss from Tuesday, Ethereum ended the day at $1,996.18. A bearish start to the day saw Ethereum fall to an early morning intraday low $1,754.27 before making a move. Steering clear of the 62% FIB of $1,725 and the first major support level at $1,724, Ethereum rallied to a late intraday high $2,033.16. Ethereum broke through the day’s major resistance levels before easing back to sub-$2,000 levels. The late pullback saw Ethereum… Source link