Bitcoin and other cryptocurrencies are shooting up the charts this week, continuing their break-away pattern from the stock market over the last month. While bitcoin’s (BTC-USD) volatile behavior still baffles plenty of investors, it’s increasingly the safest bet as regulators worldwide signal a tightening over the crypto sector. While the overall crypto market at times moves in lockstep with other risk-on assets, since October the asset class is showing some divergence. The S&P 500 (^GSPC)… Source link

Bitcoin appears to be breaking out while stocks have struggled to regain momentum after a selloff. Entrepreneur David Gokhshtein says bitcoin will hit $100,000 as big investors flock to the token. He also shared why he thinks ethereum will hit $10,000 before the end of the year. Bitcoin (BTC) is breaking out as US stocks seesaw, much to the delight… Source link

In the world of equities, most investors know that a first-mover advantage is a big deal. In the world of cryptocurrencies, this also appears to be the case. As the world’s first (and for some time only) option for crypto enthusiasts, Bitcoin (CRYPTO:BTC) has led the way in reshaping how investors think about assets. The rise of digital tokens and blockchain technologies has shifted the paradigm with respect to how we think about commerce. Indeed,… Source link

Ether (ETH) has been facing a bearish regression channel since Sept. 1, although it is currently battling to break its resistance. But despite some headwinds, ETH bulls will likely profit $115 million on Friday’s weekly Ether options expiry. The 21% pump over the past week was just enough to make the entire $250 million worth of neutral-to-bearish put options worthless. Ether price in USD at Coinbase. Source: TradingView Regulatory fear limits the upside Understandably, negative headlines about… Source link

LTC/USD moved lower yesterday, after it hit resistance near 182.10. However, the crypto triggered some buy orders at around 172.80 and rebounded to trade temporarily above the 182.10 mark. Now, it is back below it though. Overall, the cryptocurrency continues to print higher highs and higher lows above the upside support line taken from the low of September 29th and thus, we will consider the short-term outlook to be positive. Another attempt above 182.10 could… Source link

Today, Litecoin rose by 11.42% and was trading at $185,330. It was the biggest one-day percentage gain since September 3. This movement contributed to the growth of Litecoin’s market capitalization to $12.732 billion, or 0.55% of the total market capitalization of cryptocurrencies. At the highest level, Litecoin’s market capitalization was $25.609 billion. Litecoin (LTC) is a cryptocurrency that was developed to provide fast, secure, and inexpensive payments through the use of the unique… Source link

The vulnerability identified in the ETH2 staking pool has been patched safely. Ethereum’s user adoption has exploded with a spike in daily active addresses and unique addresses interacting with the network.  WAX blockchain announces two Ethereum compatibility approaches, plans to bring low-cost transactions to smart contracts on Ethereum. Analysts expect Ethereum to explode with the rise in on-chain activity and increasing network adoption. Ethereum is heading… Source link

Over the past many weeks, see my last article here; I anticipated using the Elliott Wave Principle (EWP) that Ethereum, aka Ether, (ETH) would pull back, rally again, experience a more significant pullback, and then get ready for the rally to $9000. As stated in my September 23rd update, “Albeit the cryptocurrency did not adhere to the ideal/textbook path, the overall pattern forecasted over a month ago, and in fact, already drafted early August (see here), came to fruition.” In addition,… Source link

Ethereum Ethereum rose by 1.64% on Wednesday. Following a 3.79% gain on Tuesday, Ethereum ended the day at $3,574.86. A mixed start to the day saw Ethereum slide to a late morning intraday low $3,342.16 before making a move. Ethereum fell through the first major support level at $3,405 and the 23.6% FIB of $3,369. Finding late morning support, however, Ethereum rallied to a mid-afternoon intraday high $3,632.44. Ethereum broke through the first major resistance level at $3,587 ending the day at… Source link

Monero (XMR), the largest privacy-focused cryptocurrency by market capitalization, showed a 20% spike in price after the launch of the Atomic Swap program last week. On Friday, the Monero project officially announced the implementation of the Atomic Swap implementation, developed by the COMIT Network cross-blockchain protocol, in order to simplify trading between XMR and VTS. After the launch of Monero Atomic Swaps, XMR saw a noticeable spike, its price rose from about $265 on the day of… Source link