Additionally, short-term holders, or those who purchased BTC within the last 155 days, are recovering previous losses. “As a larger portion of the market returns to profit, it creates incentives for some investors to take profits,” Glassnode wrote. Some BTC investors could also decide to hold long positions for continued upside this year. Source link

Text size Bitcoin and other cryptos are rallying, despite growing market and regulatory risks. Dreamstime Bitcoin has… Source link

Although there was no specific catalyst driving bitcoin’s recent surge, digital asset investment firm CoinShares notes investors have been plowing money into cryptocurrencies for the past seven weeks. “We believe this decisive turnaround in sentiment is due to growing confidence in the asset class amongst investors,” CoinShares said in a report Monday. That increased confidence has pushed bitcoin to rally almost 20% in the past week. Other top cryptocurrencies, including ethereum, binance,… Source link

Key Takeaways StarkNet is set to go live in November. StarkNet is a Layer 2 solution built to scale Ethereum and reduce gas fees. As a ZK-Rollup solution, StarkNet will improve on pain points in existing Optimistic Rollup Layer 2s. Share this article StarkNet, an Ethereum Layer 2 scaling solution utilizing Zero-Knowledge Rollups, is set to launch in November. Testing shows a 100x to 200x reduction of gas fees for end users. StarkNet Set to Scale Ethereum The competition for… Source link

Vitalik Buterin. “775040520SB00199_TechCrunch” by TechCrunch is licensed under CC BY 2.0 Vitalik Buterin created ethereum after developers weakened his “beloved” World of Warcraft character. “On that day I realized what horrors centralized services can bring,” Buterin wrote on his bio page. He eventually launched ethereum at just 21 years old in 2015. See more stories on Insider’s business page. Vitalik Buterin created ethereum, the technology behind the cryptocurrency ether,… Source link

According to founder Vitalik Buterin, the Ethereum (CRYPTO:ETH) network is on the verge of a dramatic technological revolution. One year from now, Ethereum will transition into a proof-of-stake (PoS) network where investors will be able to earn interest from validating blockchain transactions with their coins (known as staking), execute digital interparty agreements (smart contracts) at record speed, and use far less electricity when utilizing the… Source link

Updated Oct. 5, 2021 9:19 am ET Bitcoin is on the rise and stock futures are up, a day after a selloff among major technology firms dragged down broader indexes. Here’s what we’re watching as we get ready for Tuesday’s trading session. Bitcoin’s dollar value cracked $50,000 for the first time in a month, rising as much as 2.8% from its 5 p.m. ET level… Source link

Meme token Shiba Inu surged 51% after Tesla CEO Elon Musk, a crypto proponent, tweeted a photo of his puppy, which is the same breed the token is named after. Photo: Getty Cryptocurrencies were broadly higher on Tuesday afternoon as bitcoin crossed a key level of $50,000 (£36,702) for the first time in four weeks. Bitcoin (BTC-USD) was up 5.4%, trading at $50,120. Ethereum (ETH-USD), the second biggest crypto by market cap, was up 3.3% to trade at at $3,445. “The big factor for the bitcoin… Source link

Cryptocurrency has taken the investing world by storm over the past year, and Ethereum (CRYPTO:ETH) has established itself as one of the leaders in the crypto space. Ethereum is a powerhouse in the blockchain industry, and its native token Ether is the second most-popular cryptocurrency behind Bitcoin. But all cryptocurrencies have experienced waves of volatility, which shows no signs of slowing down anytime soon. Early investors who have held their… Source link

Check out what’s clicking on FoxBusiness.com. Bitcoin was trading 4.3% higher on Tuesday morning. The price was around $49,780 per coin, while rivals Ethereum and Dogecoin were trading around $3,400 (+1.18%) and 23.5 cents (+8.78%) per coin, respectively, according to Coindesk. Just last week, Bitcoin was holding steady near $45,000 per coin. BITCOIN MINERS EYE NUCLEAR POWER AS ENVIRONMENTAL CRITICISM MOUNTS Business titan and billionaire investor Mark Cuban joined FOX Business on… Source link