Arman Shirinyan Monero’s trading volume is around average, but activity on the coin’s blockchain might be a sign of something big Private cryptocurrency Monero has hit a record 57.9 average daily transactions per block according to the Monero Blocks XMR explorer. Source: localmonero.co Over the past day, more than 40,000 transactions took place within Monero’s blockchain, which exceeds more than 25 percent of the average weekly transactions volume. XMR trading pairs are also facing… Source link

Cryptocurrencies were mostly higher on Thursday as bullish sentiment returns. Bitcoin was trading around $32,300 at press time and is up about 1% over the past week. The price recovery off $30,000 support stalled following positive comments from Tesla’s CEO Elon Musk on Wednesday. Technicals suggest upside is limited around $34,000 resistance.  Lukas Conrad, chief product officer at Bitpanda, an Austrian financial services platform, described the trading environment across cryptocurrencies… Source link

What happened Has Dogecoin (CRYPTO:DOGE) ever had a better friend that Elon Musk? Well, not today. For months, the Tesla (NASDAQ:TSLA) boss has off-and-on hyped or denigrated the one-time joke cryptocurrency, helping to drive the former sub-$0.01 coin’s value past $0.72. But today, Musk’s distraction from Dogecoin may be the reason the price is diving — and also the reason that Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) are both moving higher…. Source link

<!– (function(w, l){ w[l]=w[l]||[]; w[l].push({ ‘gtm.start’: new Date().getTime(), … Source link

Ethereum’s native crypto Ether (ETH) rebounded sharply on Thursday after Elon Musk disclosed for the first time that his private rocket firm SpaceX holds Bitcoin (BTC), and Tesla would probably resuming the bitcoin payment option for its electric cars. The BTC/USD exchange rate was below $30,000 but bounced by more than 5% after the big reveal, touching an intraday high of $32,895. Ether, which tends to move in lockstep with the flagship cryptocurrency, surged likewise. Ether was holding onto… Source link

Anish Saxena, a New Delhi-based automobile dealer, made “incredible” profits by investing in cryptocurrencies in 2020, just as his business took a hit from the coronavirus pandemic-induced lockdown. “I had known about Bitcoin and Ethereum and dozens of other assets for years,” the 33-year old businessman said. “But I only got to invest in them after the lockdown pushed me and my family members out of work. And it helped us survive — big time.” Saxena revealed that he had… Source link

Ethereum Ethereum jumped by 11.74% on Wednesday. Reversing a 1.76% loss from Tuesday, Ethereum ended the day at $1,996.18. A bearish start to the day saw Ethereum fall to an early morning intraday low $1,754.27 before making a move. Steering clear of the 62% FIB of $1,725 and the first major support level at $1,724, Ethereum rallied to a late intraday high $2,033.16. Ethereum broke through the day’s major resistance levels before easing back to sub-$2,000 levels. The late pullback saw Ethereum… Source link

Litecoin price and other major currencies jumped on news from Tesla’s CEO. Overall risk-on sentiment in the markets is creating a favorable tailwind for cryptocurrencies. LTC is, however, still not able to break out of a bearish technical play. Litecoin price and other cryptocurrencies got a lift from the positiveness that reemerged in markets after the sell-off last Monday. A few tweets from Elon Musk and Jack Dorsey helped to put the spotlight back on… Source link

Monero Price Analysis – July 21 At the time of writing, the Monero price may not be stopped as the bulls aim to drag the price to the resistance level of $200. XMR/USD Market Key Levels: Resistance levels: $240, $250, $260 Support levels: $150, $140, $130 XMRUSD – Daily Chart XMR/USD price is now trading close to $200 as it hovers around the $195 resistance level at the time of writing. The Monero price could move upwards if the crypto crosses above the… Source link

Litecoin‘s price action has more or less mirrored that of the broader cryptocurrency market in July. However, it is noteworthy that the alt’s margin of loss was way lower than some of the other major alts in the market. Litecoin, after testing its lower long-term support at $109, registered a decent spike (highest in July) in trading volumes on 20 July. However, the trade volumes were still much lower than their May-July levels. Further, the altcoin after oscillating in the oversold… Source link