Bitcoin (BTC) saw a widely anticipated pullback on Oct. 13 as bulls struggled with February’s old all-time highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analysts unfazed by BTC’s price pullback Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing from five-month highs to briefly wick below $54,000 on Bitstamp. After recovering to around $55,000, the pair looked choppy on Wednesday with no clear direction apparent in the short term. For analysts,… Source link

Ethereum Ethereum fell by 1.46% on Tuesday. Partially reversing a 3.74% gain from Monday, Ethereum ended the day at $3,490.61. A mixed start to the day saw Ethereum slide to a mid-day intraday low $3,403.51 before making a move. Finding support at the first major support level at $3,402, Ethereum rallied to an early afternoon intraday high $3,549.00. Falling short of the first major resistance level at $3,654, however, Ethereum fell back to sub-$3,500 levels and into the red. At the time of… Source link

Ethereum (CRYPTO: ETH) is trading lower Tuesday amid a cryptocurrency market that’s taking a slight dip. Ethereum has seen a push down with other popular cryptocurrencies such as Dogecoin (CRYPTO: DOGE), Ethereum Classic (CRYPTO: ETC), and Litecoin (CRYPTO: LTC). Ethereum was down 0.7% at $3,497.75 at publication time. See Also: Is Ethereum a Good Investment? Ethereum Daily Chart Analysis Ethereum has been getting closer to resistance, but saw a cool off day Tuesday. The… Source link

Bitcoin had been underperforming against most altcoins ov the past two months, but that trend reversed when its 20% rally pushed its market capitalization to break the $1 trillion mark on Oct. 6. That shifted investors’ attention back to the leading cryptocurrency, and altcoins are currently in the red for the day. The current positive momentum could be dangerous if Bitcoin (BTC) traders become overconfident and abuse leverage to open long positions. To avoid this, traders need to carefully… Source link

Over the past 24 hours, Litecoin’s (CRYPTO: LTC) price has fallen 5.77% to $172.37. This continues its negative trend over the past week where it has experienced a 2.0% loss, moving from $172.15 to its current price. The chart below compares the price movement and volatility for Litecoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are bollinger bands, measuring the volatility for both the daily and weekly price movements…. Source link

Dimon once again attacked the top cryptocurrency, calling it “worthless” during a virtual summit Monday. “I personally think bitcoin is worthless, but I don’t want to be a spokesperson,” he said during a virtual appearance at the Institute of International Finance Meeting before adding, “I don’t care, it makes no difference to me. I don’t think people should smoke cigarettes.” But Dimon added that his own take on bitcoin has not stopped the bank from allowing its customers to buy and sell the… Source link

In early 2011, the then-obscure cryptocurrency Bitcoin (CRYPTO:BTC) reached $1 per coin for the first time. It was a milestone celebrated by the few crypto-enthusiasts around back then. The rest of the world was either oblivious or left scratching their heads about what Bitcoin even was. Everyone has heard of Bitcoin now. As of this writing, the price per coin is more than $57,000, representing a total market capitalization of almost $1.1 trillion,… Source link

As the world’s second-largest cryptocurrency, Ethereum (CRYPTO:ETH) has a following that may even be stronger in some ways than that of Bitcoin (CRYPTO:BTC). The Ethereum blockchain happens to be the building block upon which a range of stable coins, dApps, decentralized exchanges, and NFT exchanges (we’ll get to that in a minute) are built on. Investors who bought into Ethereum five years ago are currently up more than 270-fold. That kind of… Source link

Litecoin price over the monthly chart fails to clear its major hurdle zone of $180 to $194 and is now heading towards the lower levels.  The digital asset is currently trading, facing a sharp rejection of the vital zone, and now it is struggling near its all major moving averages of 20, 50, 100, and 200-day lines.  The pair of LTC/BTC is trading at 0.002966 BTC with an intraday loss of -6.97%, and the ratio of LTC/ETH is CMP at 0.04902 ETH with an intraday dip of -2.72%. Chart of LTC/USD by… Source link

Ethereum’s native token, Ether (ETH), rallied by more than 15% in the first 12 days of October. But, compared to Bitcoin’s (BTC) 30% gains in the same period, the second-largest cryptocurrency is currently in a downtrend when priced in BTC. So far into October (and the fourth quarter of 2021), the ETH/BTC exchange rate has plunged by over 12%, reaching 0.060215 BTC for the first time in more than two months on Oct. 12. ETH/BTC daily price chart. Source: TradingView The drop also pushed Source link