Bitcon and ethereum prices were down 4% on Friday. Photo: Yuriko Nakao/Getty Images The cryptocurrency market saw a minor sell-off on Friday morning, with bitcoin (BTC-USD) and ethereum (ETH-USD), the world’s first and second largest coins, down around 4%. Bitcoin, which is currently trading at $37,866 (£27,259), reached a level of $41,330 on 15 June, a key $41,250 resistance area, however, it has been ever decreasing since. This week it has been knocked by an announcement from the US… Source link

Bitcon and ethereum prices were down 4% on Friday. Photo: Yuriko Nakao/Getty Images The cryptocurrency market saw a minor sell-off on Friday morning, with bitcoin (BTC-USD) and ethereum (ETH-USD), the world’s first and second largest coins, down around 4%. Bitcoin, which is currently trading at $37,866 (£27,259), reached a level of $41,330 on 15 June, a key $41,250 resistance area, however, it has been ever decreasing since. This week it has been knocked by an announcement from the US… Source link

Is Monero worth the investment in the cryptocurrency market? Let’s find out  When an opportunity presents itself in the cryptocurrency market, you best take it. And that’s the case with Monero right now. Initially known as BitMonero, Monero was launched in 2014 as a split from Bytecoin that was launched in 2012. Monero prides itself on being secure, private, and decentralized. Unlike Bitcoin where transactions can be traced back to the concerned person, Monero uses advanced cryptography… Source link

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NEW DELHI: Major cryptocurrencies traded lower on Friday as the US regulator delayed the approval of Bitcoin ETFs. This has dented the sentiments of crypto investors. However, digital tokens, pegged with dollars, showed signs of resilience. Majority of the top 10 digital tokens were trading with cuts at 9.30 hours IST. The Securities and Exchange Commission (SEC) said in a regulatory filing that it will seek public comments on a proposal to list Bitcoin ETFs on Cboe Global Markets Inc…. Source link

Bitcoin traded lower as investors unpacked Wednesday’s announcement from the U.S. Federal Reserve that it could raise interest rates by late 2023. Assets deemed to be risky like stocks and crypto also appear to be weighed down by lingering concerns that the Fed may wind down its bond-buying program sooner than expected.  Some analysts, however, expect bitcoin to remain resilient if inflation continues to rise, which could lead to outperformance versus traditional markets.  In a newsletter… Source link

Aurich Lawson | Getty Images Last week, El Salvador’s government passed a law to accept bitcoin as legal tender alongside the US dollar. The country receives $6 billion in remittances per year—nearly a quarter of its gross domestic product—and the hope is that bitcoin’s lower transaction costs could boost that amount by a few percentage points. The move was first proposed by the country’s president, Nayib Bukele, who said he hoped… Source link

TipRanks 3 Big Dividend Stocks Yielding 7%; Analysts Say ‘Buy’ Inflations fears are rising, along with the price of gasoline and lumber and milk – and, oddly, the unemployment rate. The initial unemployment claims ticked up last week, even as the number of job openings reached a record high level. Between the COVID relief bill, the infrastructure proposal, and a jobs act, the Biden Administration’s spending plans are totaling $6 trillion. And with economic activity reopening after the… Source link

Litecoin remains in a bearish posture from a macro perspective following yet another gruelling lower high following last month’s 75% correction. Litecoin is now the 12th largest cryptocurrency with a market cap of $11.2 billion. It has now formed three consecutive lower highs at $206, $195 and $180, indicating that investors are losing interest in the asset. Trade volume has also dropped off significantly, with it recording just $2 billion of the past 24-hours compared to last month when it… Source link