Check out what’s clicking on FoxBusiness.com. Bitcoin continued to climb overnight and was trading almost 4.4% higher early Saturday morning at nearly $61,700. Bitcoin rivals Ethereum and Dogecoin were trading around $3,915 (+3.41%) and nearly 24 cents (+4.6.9%) per coin, respectively, Coindesk reported. Cryptocurrency Tether and crypto exchange Bitfinex have agreed to pay $42.5 million to settle civil charges from the U.S. Commodity Futures Trading Commission (CFTC) over allegedly… Source link

Ethereum Ethereum rose by 2.08% on Friday. Following a 5.08% rally on Thursday, Ethereum ended the day at $3,869.73. A mixed start to the day saw Ethereum fall to an early intraday low $3,734.44 before making a move. Steering clear of the first major support level at $3,644, Ethereum rallied to a late intraday high $3,900.00. Ethereum broke through the first major resistance level at $3,884 before easing back. Falling short of the second major resistance level at $3,977, Ethereum ended the day at… Source link

Source: Adobe/Dennis A landmark legal case involving a music site developer who added a mining widget that mines monero (XMR) to his website will hit the Supreme Court in Japan at the end of the year – with the potential for a legal precedent-setting verdict. The case dates back to late 2017, when the Yokohama-based man (aged 34) admitted he used a Coinhive-developed app on his websites that led visitors to mine monero. The app… Source link

Ethereum price shakes off multiple bearish divergence warnings. An incoming explosive move will likely rally the entirety of the altcoin market – even the laggards. Little resistance ahead to stop Ethereum price from breaking the current all-time high. Ethereum price has finally displayed some clear and bullish strength. The past couple of weeks have been indecisive and almost warned of an impending bull trap – but sellers ultimately were unable or unwilling to… Source link

Litecoin (CRYPTO: LTC) is trading higher Friday as the overall crypto sector pushes higher. Litecoin is nearing resistance in a pattern and could see a breakout soon if it continues to rise within the pattern it’s trading in. Litecoin was up 4.8% at $190.22 at last check. Litecoin Daily Chart Analysis Litecoin continues to trade higher in what technical traders call an ascending triangle pattern. It’s nearing the resistance line in the pattern. The $200 level has been an area… Source link

Bitcoin hit $60,000 Friday for the first time since April, as traders anticipate U.S. regulators will approve the first exchange-traded fund to track the cryptocurrency. Approval of an ETF that will buy bitcoin futures contracts—though not the coins themselves—would increase the cryptocurrency’s legitimacy and make it easier for institutional investors to get exposure. Four applications for bitcoin futures ETFs, submitted in August, are pending… Source link

The U.S. now leads the world in Bitcoin mining, according to data from the Cambridge Bitcoin Electricity Consumption Index (CBECI), which tracks Bitcoin’s energy consumption by geography. According to data added to the index, the United States currently makes up 42.7% of the Bitcoin network’s “hashrate,” a metric unit that measures how much power the Bitcoin network consumes. Up 14%, the growth in America’s hashrate — also known as hashpower — reflects the changing geopolitical… Source link

In this article BTC.CM= Andrew Toth | FilmMagic | Getty Images “The Big Short” investor Michael Burry inquired about ways to bet against bitcoin just before the world’s largest cryptocurrency hit a six-month high to breach the $60,000 level. “Ok, I haven’t done this before, how do you short a cryptocurrency,” Burry said in a Wednesday tweet. “Do you have to secure a borrow? Is there a short rebate? Can the position be squeezed and called in? In such volatile situations, I tend to think it’s best… Source link

Cryptocurrency-related stocks, including Marathon Digital Holdings Inc (NASDAQ: MARA), Riot Blockchain Inc (NASDAQ: RIOT) and Coinbase Global Inc (NASDAQ: COIN) are trading higher amid an increase in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). The cryptocurrency markets are rallying ahead of Bitcoin futures ETF application rulings that are expected to come as soon as next week. Marathon Digital is focused on mining digital assets. It owns cryptocurrency mining machines and a… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Litecoin’s near-term outlook seemed favorable as the alt closed in on an ascending triangle breakout. A northbound RSI, bullish crossover on the Directional Movement Index, and an uptick in 24-hour trading volumes backed such predictions. However, some near-term bearishness would begin to seep if LTC fails to close above the upper trendline. Sellers would… Source link