Bitcoin (BTC) hit multi-day highs of $58,300 overnight into Nov. 25 with investors betting on the reduced likelihood of a further major price dip. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging above $57,000 Thursday, printing a higher low on the daily chart. This, trader and analyst Rekt Capital believes, shows support “solidifying” at current levels, with hope, therefore, remaining of a more… Source link

Over the course of the last ten years, many altcoins came and went, while some struggled to carry forward. Litecoin, however, has managed to remain relevant in the market despite the occasional speed breakers and rangebound price action. In fact, LTC rallied over 50% in early November only to succumb to the Bitcoin and larger market sell-offs.  With LTC’s trajectory coming to a pause many in the space are worried if the digital silver would make a return in the market or yet again… Source link

The price action in Ripple has been a lot less volatile than in other cryptocurrencies and in the last two months, it has traded mostly sideways, when most of the main cryptocurrencies have made some large gains. Ripple hasn’t even reached the 2017 highs and that’s due to the fact that the US Securities and Exchange Commission (SEC) opened a legal battle with Ripple last year and Ripple’s CEO Brad Garlinghouse said yesterday that it will likely take until 2022 for the decision to be… Source link

It’s no secret that Bitcoin (CRYPTO:BTC) is a hot commodity these days. The largest and oldest cryptocurrency is making headlines by the boatload, ranging from enthusiastic analyses of the digital currency’s bright future to skeptical screeds focusing on its massive electric power requirements and uncertain value. The widespread interest was sparked by Bitcoin’s enormous price gains over the last year and change. Let’s say you timed the stock market… Source link

Bitcoin (BTC) is “seriously cheap” at $56,000 relative to network activity — and that means only one thing, one analyst says. In a tweet on Nov. 24, Philip Swift, creator of analytics platform LookIntoBitcoin, highlighted a bull flag on Bitcoin’s Advanced NVT Signal. Bitcoin “deep into oversold territory” Advanced NVT uses Bitcoin’s market capitalizatio and network volume to determine the extent to which BTC is overbought or oversold at a certain price point. As Swift explains in… Source link

Cryptocurrencies are powered by blockchains, software that runs across a decentralized network of computers, enabling transaction data to be validated, recorded, and protected from attack. Platforms like Ethereum extend that functionality, allowing developers to build self-executing computer programs on the blockchain. Those programs are called smart contracts, and they form the heart of decentralized finance (DeFi) applications, products that allow… Source link

I bought Ethereum (CRYPTO:ETH) a few months ago as a way to dip a toe into the cryptocurrency world. As of today, I’ve made about $1,000. Right now, I could easily take the money and run, especially after the recent declines in this coin and other crypto players. Investors are worried about potential taxes on crypto profits in the U.S. and China’s crackdown on the industry. Those news items and the strengthening of the U.S. dollar are weighing on… Source link

Bitcoin (BTC) continued its pattern of sudden price spikes on Nov. 24 as sudden momentum produced a brief trip above $57,400. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: 2021 still conforms to bullish pattern Data from Cointelegraph Markets Pro and TradingView showed BTC/USD making skittish moves within a familiar range during Wednesday. The pair reached highs of $57,875 on Bitstamp over the past 24 hours, these failing to hold for long as buyer support still waned… Source link

Ethereum price is attempting to breach the $4,352 hurdle so it can retest the $4,524 barrier. A daily close below $3,930 will confirm a bearish outlook and result in a pullback to $3,413. If ETH produces a higher high above $4,773, it will invalidate the bearish thesis. Ethereum price looks ready for a minor upswing as it bounces off a crucial support area. This upswing is likely to propel ETH up to a recent swing high. If the asset fails to produce a higher high,… Source link

Ethereum Ethereum rallied by 6.17% on Tuesday. Reversing a 4.08% loss from Monday, Ethereum ended the day at $4,341.62. A choppy start to the day saw Ethereum fall to a late morning intraday low $4,062.28 before making a move. Steering clear of the first major support level at $3,968, Ethereum rallied to a late intraday high $4,389.95. Ethereum broke through the first major resistance level at $4,267 to wrap up the day at $4,340 levels. At the time of writing, Ethereum was up by 0.01% to… Source link