What happened  The value of cryptocurrencies jumped over the weekend and that momentum continued early in Monday trading. Crypto has been volatile all year, but the trading trends are moving higher as people become more comfortable owning cryptocurrency and the government starts to take it more seriously.  In the last 24 hours, Bitcoin (CRYPTO:BTC) is up 6.1% and is trading right at $66,000 at 1:20 p.m. EST. Ethereum’s (CRYPTO:ETH) move is a bit… Source link

Momentum in the cryptocurrency market is back on the rise on Nov. 8 after a solid rally from Bitcoin (BTC) placed its price back above $66,000 and Ether (ETH) hit a new all-time high at $4,793. The gains from the largest two cryptocurrencies helped to kick-start a market-wide rally that lifted the total cryptocurrency market cap above $3 trillion for the first time.  Unlike previous rallies where BTC made significant gains at the expense of the altcoin market, this time the majority of… Source link

Ethereum (CRYPTO: ETH) gas fees have dropped to uncharacteristically low levels in the last week despite the asset’s price surging to an all-time high of $4,762. What Happened: According to data from Etherscan, the average transaction fee on the Ethereum network was $27.08, representing a decline of 11% in the last day. On Tuesday of last week, average gas fees on Ethereum were as high as $56, meaning that in the last week, the average Ethereum transaction fee has declined by more than… Source link

While cryptocurrencies were turning bullish in October, Cardano and Litecoin aren’t showing any particular strength, especially Cardano which was declining the whole month and still continued to do so. The situation in Liteocjn wasn’t s bd but it was missing on the bullish momentum in the crypto market, so let’ shave a look at these two cryptos to see how they have been behaving recently. Litecoin Daily Chart Analysis – Buyers Remain in Control After the weak rally in early August,… Source link

Bitcoin (BTC) has the potential to rise toward $75,000 by the end of this year as it breaks out of a classic bullish pattern and picks additional upside cues from its richest investors’ recent accumulation spree. Bitcoin Bull Pennant breakout in play BTC rallied over by 6% in the past 24 hours to reach a three-week high just shy of $66,500. In doing so, the cryptocurrency broke out of a consolidation range consisting of two diverging trendlines, a setup reminiscent of a Bull Pennant. Bull… Source link

Text size Cryptocurrencies have been on a tear this year. Dreamstime A rally in cryptocurrencies lifted two of the… Source link

The recent surge in the crypto asset partly seems to have been caused by investors piling in, seeing it as a hedge against inflation. Photo: Florence Lo/Illustration/Reuters Bitcoin (BTC-USD) rallied on Monday in London, flirting with record highs, as expectations for inflation readings in the US pointed higher. At 11.30am it was 6.6% up, trading at $65,884 (£48,848), having topped $66,000 earlier in the session. It looked set to breach the record high of $66,975 set in October.  The recent… Source link

Slow News Day November 15, 2021 Issue Thanks for the Bitcoin! How Does It Work? The West End Phoenix, a four-year-old community newspaper in Toronto, bills itself as “slow print for fast times”—a reaction against global forces that have been decimating local journalism, if not an analog way of life altogether. The Phoenix, which publishes periodically, is a broadsheet, defiantly large and ill-suited to manipulating on the subway. Its design is heavy on art photography, and feature… Source link

Check out what’s clicking on FoxBusiness.com. Bitcoin was trading more than 7% higher Monday morning. The price was around $66,105 (+7.11%) per coin, while rivals Ether, the world’s second-largest cryptocurrency, rose to $4,722 (+3.75%) and Dogecoin traded at 28.4 cents (+9.51%), according to Coindesk. New York City Mayor-elect Eric Adams pledged Nov. 4 he would accept his first three paychecks in bitcoin when he formally takes office next year. MIAMI MAYOR TO ACCEPT ENTIRE SALARY IN… Source link

A closely followed trader and crypto analyst is calling Ethereum an ‘absolute beast’ as he predicts the bull market for the leading smart contract platform could extend into 2022. In a new strategy session, Benjamin Cowen tells his 598,000 YouTube subscribers that Ethereum (ETH) has been in a strong uptrend since March of 2020. “If you zoom out on Ethereum, look at what it’s done over the last 18 months or so, more than 18 months. It basically has just been going up with… Source link