Incremental steps towards broader adoption occurred this week, highlighted by Cuba and its release of new regulations surrounding digital assets.  On the technical side of things, a ‘golden cross’ has traders excited, despite scammers toying with markets earlier in the week. Cuba Regulates El Salvador has made BTC legal tender, Ukraine has formally recognized digital assets, and now Cuba has officially recognized and released regulations for digital assets and service providers.  This is… Source link

The cryptocurrency ether runs on the ethereum network. Dado Ruvic/Reuters Ether’s fair value is around $1,500 based on measures of network activity, a JPMorgan strategist has said. That’s roughly 55% lower than Friday’s price of around $3,470 for ethereum’s token. Nikolaos Panigirtzoglou said ethereum is facing growing smart-contract competition from other blockchains. See more stories on Insider’s business page. Ether’s fair value is around $1,500 based on measures of… Source link

Bitcoin (BTC) is heading for at least $85,000 in Q4 this year and could well surpass the $100,000 mark, new research says. In its latest market update on Friday, trading platform Decentrader revealed an unapologetically bullish mid-term BTC price forecast. Next stop $85,000 for BTC/USD Despite BTC/USD being kept below $50,000 this week, on-chain metrics have led analysts to stay firmly bullish on Bitcoin price action. Decentrader analyst Filbfilb is no exception, forecasting not only a rematch… Source link

Monero price is on range-bound trading after dropping from the week’s upper resistance level a few sessions ago. According to CoinMarketCap, the altcoin has had its trading volume drop by 19.74% over the past 24 hours. Besides, its market cap is now at $4.68 billion, down by 3.24. At the same time, the global crypto market cap has declined by 2.60% from the previous session. In the short term, $250 will likely remain a steady support zone for the… Source link

For years, investment pundits have been hyping Bitcoin as the gold of the cryptocurrency realm and Litecoin (CRYPTO:LTC) as the silver. The analogy seems apt: Just as gold has outperformed silver in the past few years, Bitcoin’s returns have trounced those of Litecoin. A $10,000 investment in Bitcoin in 2013 would have grown to $886,000 today, compared with just $232,000 for Litecoin.  This underperformance comes even amid Litecoin’s popularity as a… Source link

The amount of bitcoin held on exchanges like Coinbase and Binance, have dropped to lower than they were in November last year. Photo: Reuters Major cryptocurrencies were down on Friday morning after a volatile week amid rising concerns over bitcoin’s environmental impact. Bitcoin (BTC-USD) was down 0.4%, still struggling to cross the $50,000 (£36,237) mark. It was trading at $47,900 at the time of writing. Many supporters on Twitter are hopeful it will hit $100,000 by the end of the… Source link

Analysts at Standard Chartered expect the Fed to announce the taper next week after the Federal Open Market Committee meets. “The 22 September FOMC will likely signal a tapering decision at the next meeting, providing few details. The [interest rate] dots will likely signal one 2022 hike, and two added hikes in both 2023 and 2024. The risk skew is for more rather than less hikes; the added hawkish lean in not fully priced, in our view,” the bank’s analysts noted, according to efxnews.com. Source link

XMR, MIOTA and XRP price outlook as the market heads towards the weekend with Bitcoin’s price poised around the $48k level Here is a brief technical look at Monero, XRP, and IOTA prices going into the weekend, with the broader outlook for Bitcoin (BTC) likely to impact these altcoins. Monero price outlook XMR is trading above the rising trendline of an ascending triangle pattern with the resistance of the horizontal line around $316. The RSI and MACD on the daily chart show sellers have… Source link

Ethereum Ethereum fell by 1.30% on Thursday. Partially reversing a 5.22% rally from Wednesday, Ethereum ended the day at $3,568.66. A mixed start to the day saw Ethereum rally to an early morning intraday high $3,675.92 before hitting reverse. Falling short of the first major resistance level at $3,705, Ethereum fell to a late intraday low $3,482.97. Steering clear of the first major support level at $3,443, Ethereum moved back through to $3,500 levels to reduce the deficit. At the time of… Source link

Bitcoin prices have been better after the second week of September, hovering around $46.5K to $48.5K per unit during the last two days. Meanwhile, bitcoin proponents still believe a significant second-leg up will be happening this year and a recent survey published by Plan B with 123,410 votes shows people believe bitcoin will reach $100K by Christmas 2021. Furthermore, a price model crafted by Will Clemente called “Illiquid Supply Floor” indicates that bitcoin prices may never… Source link