Some analysts expect volatility to eventually rise next year, especially as the correlation between bitcoin and the S&P 500 remains elevated. For now, pullbacks in assets deemed to be risky, such as cryptocurrencies and stocks, appear to be limited given strong seasonal trends. Source link

Black Friday came to cryptocurrencies last week when Bitcoin posted its roughest day in two months. But by Monday things were looking up. Bitcoin is staging a comeback along with other riskier assets on Monday, bouncing back from its Black-Friday lows. The largest digital asset rose as much as 3.4% during the session to trade around $58,266. Other coins also posted snap-backs, with the Bloomberg Galaxy Crypto Index adding 5.5% at one point. So-called alternative coins like Polkadot and… Source link

Bitcoin balloon. Andriy Onufriyenko Bitcoin has stumbled in November, falling as much as 12% and reversing October’s strong rally. Bitcoin’s price decline can continue into year-end as crypto positioning remains overbought, JPMorgan said in a note last week. These are the two reasons why the crypto rally stalled in recent weeks, according to JPMorgan. Bitcoin’s 27% rally in October reversed in November, with the cryptocurrency falling as much as 12% this month amid a risk-off period for… Source link

Litecoin (CCC:LTC-USD), known as the silver to Bitcoin’s (CCC:BTC-USD) gold, is slowly gaining acceptance as a method of payment in online commerce. This is because as more institutions accept Bitcoin for payment they tend to include Litecoin in the same vein. As a result, LTC-USD is slowly gaining value as a valid transactional cryptocurrency. Source: Shutterstock In the last five months, LTC-USD bottomed out on July 20 at $107.40 but has since rebounded to $192.04 as of… Source link

You’re reading Entrepreneur United States, an international franchise of Entrepreneur Media. This story originally appeared on InvestorPlace InvestorPlace – Stock Market News, Stock Advice & Trading Tips Investorplace.com – InvestorPlace Litecoin (CCC:LTC-USD), known as the silver to Bitcoin’s (CCC:BTC-USD) gold, is slowly gaining acceptance as a method of payment in online commerce. This is because as more institutions… Source link

At the time of writing, Ethereum was up by 0.14% to $4,305. A bullish start to the day saw Ethereum rise to an early morning high $4,377 before sliding to a late morning low $4,282. In spite of the early moves, Ethereum fell short of the first major resistance level at $4,418 while also avoiding the first major support level at $4,065. For the Afternoon Ahead Ethereum would need to avoid the day’s $4,184 pivot to bring the first major resistance level at $4,418 back into play. Plenty of support… Source link

Want to know two amounts that just might blow you away? Here they are — $2.07 and $675.67. To be blown away, though, you need to understand the context. If you had invested only $2.07 one year ago in Shiba Inu (CRYPTO:SHIB) and held on to your coins, you’d now have $1 million based on the trading price at the time of this writing. To have that cool million with Ethereum (CRYPTO:ETH), you would have needed to buy $675.67 of the coins in July… Source link

Deepens partnership with CoinShares Invesco is taking its first steps in the cryptocurrency exchange-traded product (ETP) space in Europe with the launch of a bitcoin strategy. The Invesco Physical Bitcoin ETP (BTIC) is listed on the Deutsche Boerse with a total expense ratio (TER) of 0.99%.  Physically-backed, BTIC tracks the CoinShares Bitcoin Hourly Reference Rate index to deliver the price performance… Source link

Ethereum Ethereum rallied by 4.88% on Sunday. Following a 1.35% gain on Saturday, Ethereum ended the week up by 0.83% to $4,298. After mixed morning, Ethereum slid through the first major support level at $4,024 to a late afternoon intraday high $3,950. Finding support at the second major support level at $3,950, Ethereum rallied to a late intraday high $4,303.35. Ethereum broke through the first major resistance level at $4,180 and the second major resistance level at $4,261 to end the day at… Source link

President of El Salvador Nayib Bukele Image: Presidencia de la República de El Salvador Here’s some unsolicited relationship advice: Get yourself a partner that loves you as much as El Salvador President Nayib Bukele loves bitcoin. That may not be physically possible, because this man really loves his… Source link