In 2009, you could mine one Bitcoin using a setup like this in your living room. Amount of household electricity required to mine one coin: a few seconds’ worth. Bitcoin’s value: basically nothing. Today, you’d need a room full of specialized machines, each costing thousands of dollars.

Ethereum Ethereum fell by 1.08% on Thursday. Following an 11.64% surge on Wednesday, Ethereum ended the day at $3,787.97. A mixed start to the day saw Ethereum rise to an early morning intraday high $3,838.28 before hitting reverse. Falling short of the first major resistance level at $3,987, however, Ethereum fell to a mid-morning intraday low $3,722.65. Steering clear of the first major support level at $3,528, Ethereum bounced back to an early afternoon high $3,834.98. Continuing to fall short… Source link

The crypto market is back in high spirits on Sept. 2 after Bitcoin price briefly tapped the $50,000 level in the early morning trading session. The move above the key resistance level came as industry insiders hinted that major companies and institutional investors hinted that recent Bitcoin purchases would soon be disclosed in public documents. Additional bullish news came after Vast Bank announced that it had become the first U.S. bank to allow customers to buy, sell and hold Bitcoin (BTC)… Source link

Litecoin (CRYPTO: LTC) is trading higher Thursday in a crypto market that’s a mixed bag of tickers trading up and down. Litecoin is one of the few that is trading higher. The coin looks like it is nearing a possible attempt at a breakout. Litecoin was up 3.57% at $186.83 at last check. Litecoin Daily Chart Analysis Litecoin looks to be forming what technical traders call an ascending triangle pattern. Resistance and support are pinching the price of Litecoin and there’s… Source link

Cryptocurrency analyst Benjamin Cowen believes Ethereum’s bull cycle is just getting started. Cowen tells his 522,000 YouTube subscribers that the current trajectory of the second-largest cryptocurrency looks similar to early 2016 and 2017, which ended up being periods of consolidation preceding large moves to the upside.   Ethereum’s market cap is approximately $417 billion at the time of writing, according to CoinGecko, and Cohen says he’s looking for it to rise above the… Source link

Litecoin is trading or consolidating under the tight range, after a bullish rally from the lower levels and at the same time placed just below the primary supply zone.  The crypto asset is placed just above all vital moving averages of 20, 50, 100, and 200-day lines, with average volume action.  The pair of LTC/BTC is trading on a positive note at 0.003742 BTC with an intraday gain of +1.85%, and the ratio of LTC/ETH is CMP at 0.04872 ETH with a 24-hour change of +0.71%.   Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Like most of its counterparts, Litecoin noted an increase in value on the back of Bitcoin’s push above $50k. The alt, which historically shares a strong correlation with the king coin, lined up seven straight green candles on the 4-hour timeframe. This was last seen in late May after Litecoin rallied from a near 4-month low. However, a resistance zone seemed… Source link

Bitcoin (BTC) made traders play a guessing game on Thursday as $50,000 looked increasingly shaky as new support. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Crypto seeing “spectacular” September Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it crisscrossed the $50,000 barrier after returning to it for the first time in almost two weeks. The largest cryptocurrency saw 4.5% gains on the day, these nonetheless beaten by three of the top 10 altcoins,… Source link

After a bullish Wednesday for Bitcoin and the broader market, it’s been a bullish morning for Bitcoin and the broader crypto market. At the time of writing, Bitcoin, BTC to USD, was up by 2.28% to $49,937.0. A mixed morning saw Bitcoin fall to an early morning intraday low $48,631.0 before making a move. Steering clear of the first major support level at $47,229, Bitcoin rallied to a late morning intraday high $50,350.0. Bitcoin broke through the first major resistance level at $49,778 to… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Monero has traded within the confines of a descending channel for over a week now. A broader market rally seems to have been the missing catalyst in the XMR market as the price attempted to break north of its upper trendline. However, a few conditions have to be met first before a blowout can be expected. At the time of writing, XMR was trading at $306.16, up… Source link