What happened Leading cryptocurrencies are climbing again after some volatile trading early in the week. Bitcoin (CRYPTO:BTC), Ethereum‘s (CRYPTO:ETH) Ether token, and Dogecoin (CRYPTO:DOGE) were up roughly 3.1%, 6%, and 3.8%, respectively, as of 4:15 p.m. EDT on Wednesday. Top cryptocurrencies fell on Monday as House Democrats announced new tax proposals that could mean higher taxes for high-frequency crypto traders. Comments from SEC Chair Gary… Source link

Bitcoin held above the $46,000 support level on Wednesday as bullish sentiment improves. The cryptocurrency was up about 3% over the past 24 hours, compared with a 5% gain in ether, the world’s second-largest cryptocurrency by market value, over the same period. Source link

Bitcoin updates Sign up to myFT Daily Digest to be the first to know about Bitcoin news. Ray Dalio said regulators will shut down bitcoin if the cryptocurrency becomes too successful and dismissed predictions by Ark Invest’s Cathie Wood that its price would increase tenfold within five years. Speaking at the Salt Conference on Wednesday, the founder of Bridgewater Associates, said bitcoin would be a viable investment alternative as long as it was accepted for payments, but… Source link

“It’s amazing to think how much of my career has been made possible thanks to his work: investments in the ETH presale, CryptoPunks, Bored Apes, Loot, and startups like Coinbase, Axie Infinity, Sorare, Quicknode, Skyweaver, and Rainbow… I’ve never been more excited about the potential of the internet thanks to him.” Source link

Cryptocurrency-related stocks including Marathon Digital Holdings Inc (NASDAQ: MARA) and Riot Blockchain Inc (NASDAQ: RIOT) are trading higher Wednesday amid an increase in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) and positive analyst coverage from B. Riley Securities. B. Riley Securities analyst Lucas Pipes maintained Marathon Digital with a Buy rating and raised the price target from $54 to $87. Pipes maintained Riot Blockchain with a Buy rating and raised the price… Source link

Sen. Elizabeth Warren. GREG NASH/POOL/AFP via Getty Images Sen. Elizabeth Warren criticized high fees on the ethereum network during times of heightened trading volatility. “Small investors could easily get jammed and wiped out entirely,” she said in a Senate committee hearing Tuesday. Warren said outages on crypto exchanges last week could have hit people who don’t have the money to lose. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Sen…. Source link

Photo by Jeremy Bezanger on Unsplash Investors who plan to hold their crypto assets for years, otherwise known as HODLers in crypto parlance, typically store their cryptocurrencies stashed in a hardware wallet or keep it idle on a crypto exchange. But this practice is changing. Today, HODLers are turning to cryptocurrency savings accounts as they pay high interest in crypto deposits. The interest rates on conventional bank deposits are almost negligible — often below 0.5% — when compared… Source link

Bitcoin is currently trading at $47,300 after showing signs of resilience in its recent surge from a local low of $43,350. While the structure of the macro up-trend from $29,000 to $53,000 has now been broken, Bitcoin has the potential to regain its bullish posture if it can begin to close daily candles back above the $50,450 level of resistance. However, astute traders will be on the lookout for a crucial lower high in the $49,000 region, which would confirm $53,000 as a short to medium-term… Source link

Check out what’s clicking on FoxBusiness.com. Bitcoin was trading 2.53% higher on Wednesday morning, shattering the $47,000 mark. The price was around $47,120 per coin, while rivals Ethereum and Dogecoin were trading around $3,400 (+1.79%) and 24.2 cents (+1.46%) per coin, respectively, according to Coindesk. Since last week – when Bitcoin traded at $43,000 per coin, it has steadily risen to break $47,000 early Wednesday. BITCOIN IN EL SALVADOR SPARKS CRYPTO CURRENCY DEBATE In bitcoin… Source link

Bitcoin (BTC) tentatively reclaimed $47,000 on Wednesday in a move that analysts believe should open up the path to $50,000.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin bulls escape another retest of lows Data from Cointelegraph Markets Pro and TradingView showed BTC/USD holding the $47,000 mark Wednesday, this being crucial to flip for bullish continuation. The level had seen fierce defense by whales the day before, but bulls ultimately won the upper hand, lifting… Source link