The finance minister of Norway appeared to break away from the chorus of Bitcoin critics and suggested that cryptocurrencies will at some point move past the volatility for which they’re currently known and experience a period of “breakthroughs.” “It is clear that there may be a development over time, whereby you will be able to get more stabilization mechanisms in the currencies that can lead to greater breakthroughs and upheavals in the slightly longer term,” Jan Tore Sanner said… Source link

Cryptocurrency investors don’t give Litecoin (CCC:LTC-USD) the amount of consideration afforded to other altcoins.  Source: Shutterstock Interestingly, Litecoin was one of the first alternatives to Bitcoin, originating in 2011. And Litecoin isn’t without merit in the world of cryptocurrencies. A great number of cryptos simply struggle to prove any semblance of utility, iterative improvement or anything else which might tempt rational investors.   Litecoin provides… Source link

The crypto market recently saw the most significant crash in all of 2021, taking Bitcoin, Ethereum, and Litecoin down 50% with it. Even with the steep correction, the top-ranked cryptocurrency and the top-ranked altcoin both were able to stay well above their former all-time highs. Meanwhile, Litecoin never even made a new record high from over the 2017 peak, making the setback much more brutal for LTC holders. However, with the recent selloff, any remaining weak hands have been thoroughly… Source link

Bitcoin volatility hit a 13-month high in May amid sharp fluctuations. (Photo illustration by Edward … [+] Smith/Getty Images) Getty Images Bitcoin prices had a wild May, experiencing sharp gyrations while they lost close to half their value in a matter of weeks. The digital currency’s annualized 30-day volatility reached 116.62% on May 24, its highest since April 10, 2020, data provided by asset manager Blockforce Capital reveals. This particular measure climbed to its… Source link

The price of Bitcoin appears to have achieved some stability over $35K, but its next moves will be crucial. Since the price of BTC dropped below $40K in mid-May, the price of the asset has meandered throughout the $32K-$38K range, never quite managing to build enough support to recapture $40K. Analysts believe that if support about $35K continues to build, there could be a meaningful and sustained movement toward $40K and above, one that is not so pumped on leverage. However, if not BTC could… Source link

Ethereum Ethereum fell by 2.71% on Tuesday. Partially reversing a 13.38% rally from Monday, Ethereum ended the day at $2,634.42. A bullish start to the day saw Ethereum rally to an early morning intraday high $2,748.00 before hitting reverse. Coming up against the 38.2% FIB of $2,740, Ethereum slid to a late afternoon intraday low $2,527.88. Steering clear of the first major support level at $2,415, Ethereum moved back through to $2,600 levels to limit the downside. At the time of writing,… Source link

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Investors have been selling bitcoin for the past week, according to on-chain data. Meanwhile, ether’s daily trading volumes have consistently outpaced BTC’s. Bitcoin (BTC) trading around $35,987 as of 21:00 UTC (4 p.m. ET). In the red 2.5% over the previous 24 hours. Bitcoin’s 24-hour range: $35,754-$37,833 (CoinDesk 20) Ether (ETH) trading around $2,549 as of 21:00 UTC (4 p.m. ET). Losing 3.2% over the previous 24 hours. Ether’s 24-hour range: $2,532-$2,734 (CoinDesk 20) Bearish bitcoin… Source link

Editor’s note Be careful with cryptocurrency. Bitcoin — and the entire crypto market — is highly volatile and we do not recommend any particular cryptocurrency. For many people, Bitcoin is cryptocurrency. Ask them ‘What is Bitcoin?’ and you might not get the right answer — but they’d at least have heard of it. That’s hardly surprising, because although Bitcoin is far from the only cryptocurrency, it was the first to be created and it remains by some distance the most famous and the most… Source link

As the entire cryptocurrency market softens, the price of Litecoin (CCC:LTC-USD) has been dragged through the mud, down from a high of $408.57 reached in mid-May to today’s price of around $181. Can this cryptocurrency get back above $400? Source: Shutterstock The digital coin flirted with $200 in the last few trading sessions of May but has since stumbled backward. Investors interested in cryptocurrencies need to decide if Litecoin’s current slump represents a buying… Source link