Bitcoin (BTC) abruptly hit one-week highs on Nov. 2 after days of sideways action ended in a brief but strong breakout. BTC/USD 1-minute candle chart (Bitstamp). Source: TradingView Upside action returns to BTC/USD Data from Cointelegraph Markets Pro and TradingView followed sudden volatility on BTC/USD as it gained over $1,500 in minutes. At the time of writing, $63,400 formed a focus amid the pair’s highest levels since Oct. 25. #Bitcoin ready to break out? pic.twitter.com/EHQnwyke7D —… Source link

advertisement Ethereum’s hash rate — or the blockchain network’s computing power used to mine ether (ETH) — continues to rise and now has hit a new all-time high. The current Ethereum hash rate stands at about 747 TH/s (terahashes per second), according to The Block’s Data Dashboard. It was around 465 TH/s in July when it hit a low. Since July, the hash rate has rebounded significantly. Several factors appear to have contributed to the hash rate increase, including continuous growth… Source link

Check out what’s clicking on FoxBusiness.com. Bitcoin was trading 0.54% lower on Tuesday morning. The price was around $61,725 per coin, while rivals Ethereum and Dogecoin were trading around $4,364 (+0.89%) and 27.2 cents (-0.38%) per coin, respectively, according to Coindesk. Green Bay Packers quarterback and reigning 20202 NFL MVP Aaron Rodgers is getting in on the Bitcoin game. US REGULATORS SAY ISSUERS OF ‘STABLECOINS’ SHOULD BE POLICED LIKE BANKS He announced Monday he partnered… Source link

Global investment bank Goldman Sachs is reportedly predicting that the price of ether could rise to $8,000 by year-end. The bank’s analysts explained that cryptocurrencies have traded in line with inflation breakevens since 2019. Ether Could Reach $8K by Year-End, According to Goldman Sachs Goldman Sachs has reportedly explained in a research note circulated by the bank’s managing director of Global Markets, Bernhard Rzymelka, that the price of ether (ETH) could hit $8,000 by… Source link

The Litecoin price shows some encouraging signs that it could soon break higher, targeting the September highs. Litecoin (LTC) is trading at $197.50 (+0.06%) this morning, which translates to a market cap of $13.6 billion, ranking it the 18th most valuable crypto asset ahead of Polygon (MATIC). Litecoin had a productive October, gaining over 25% in the month. So far, November has started in the same vein, and LTC has improved by around 3% in the first two days… Source link

LibertyX co-founder and CEO Chris Yim emphasizes the importance of convenience in financial transaction. Aaron Rodgers is getting in on the Bitcoin game. The Green Bay Packers quarterback and reigning 2020 NFL MVP announced Monday he partnered with Cash App to turn part of his NFL salary into Bitcoin. CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM Green Bay Packers quarterback Aaron Rodgers (12) throws the ball into the crowd as time expires during the second half of an NFL… Source link

Ether (ETH) pundits have been shouting that the $5,000 price has been ‘programmed,’ since 2018, and some go even further by calling for $20,000 over the long term.  $5000 $ETH. It is programmed. — Koroush AK (@KoroushAK) October 29, 2021 A portion of these bullish calls are based on ETH 2.0 staking and the reduced inflation resulting from EIP-1559. At this time in 2017, $BTC was around $2k Just 7 months later it was almost $20k What do you think happens when the world wakes up to the APR and… Source link

What happened Cryptocurrencies are starting off the week (and the month) well — and why wouldn’t they be? According to one well-known source of cryptocurrency, November is #CryptoLiteracyMonth!   As of 11 a.m., here’s how prices look for several of the biggest names in cryptocurrency:   Bitcoin (CRYPTO:BTC) is up a modest 2.5% over the last 24 hours. Ethereum (CRYPTO:ETH) is up a bit more — 3.5%. And Dogecoin (CRYPTO:DOGE) is powering ahead… Source link

Lately, Bitcoin’s (BTC) biggest investors have been upping their reserves in sync with the ongoing price recovery, one Glassnode metric suggests. Dubbed as the “Whale Supply Shock,” the on-chain indicator represents the ratio between the amount of Bitcoin held by “whales” and “fishes.” Whales represent addresses that hold between 10,000 and 100,000 BTC, while fishes are those that hold anything between 0.001 and 1,000 BTC. A rising Whale Supply Shock reading indicates a higher degree of… Source link

Bitcoin, Ethereum, Polkadot, Solana, Dogecoin, Shiba Inu. It doesn’t matter which, they’re all up. Cryptocurrency traders boosted the price of digital coins past their pre-selloff May peaks to all-time highs in October. The historic October climb extended beyond just crypto, of course. The S&P 500, Dow, Nasdaq, and Stoxx Europe 600 had impressive October runs (and hit all-time highs on Nov. 1). But leading them all was the king of crypto, Bitcoin, which hit an all-time high near $67,000… Source link