Bitcoin, ethereum and most major cryptocurrencies have fallen sharply over the last week as the crypto market roller coaster rolls on. The bitcoin price has fallen almost 10% since last weekend despite rallying earlier this week amid a slew of positive bitcoin and crypto headlines emanating from the annual Consensus conference. Ethereum, the second-largest cryptocurrency after bitcoin, has lost 50% of its value in two weeks after surging to an all-time high in mid-May. Now, as bitcoin… Source link

Litecoin doesn’t get as much attention as more high-profile coins, but does it deliver better returns? Released in 2011, Litecoin was one of the earliest altcoins, which is the term for cryptocurrencies other than Bitcoin. Although it’s similar to Bitcoin technically, it drastically improved transaction times. Litecoin transactions process about four times faster than Bitcoin transactions. Crypto enthusiasts often call Litecoin the silver to Bitcoin’s gold, and that’s certainly true in terms… Source link

Bloomberg Global CLO Market Approaches $1 Trillion Milestone as Sales Soar (Bloomberg) — If you listen to people in the trenches, the collateralized loan obligation market is having a great year.The amount of bonds outstanding is now approaching $1 trillion globally, according to JPMorgan Chase & Co., after defying doomsday predictions made during last year’s economic slump, according to attendees at IMN’s virtual CLO industry conference this week. CLOs hold compelling value in every… Source link

With some cryptocurrencies down 40% or more from their recent highs, crypto investors may be nervous about what comes next. But despite the volatility, there are at least three good reasons for bitcoin (CRYPTO:BTC) investors to believe in the cryptocurrency’s future. To say bitcoin has been on a wild ride in the last year is an understatement. Just since May of last year, bitcoin rose from about $9,400 to over $64,000 by April 2021. Bitcoin’s recent… Source link

Ethereum Ethereum tumbled by 12.07% on Friday. Following a 4.98% decline on Thursday, Ethereum ended the day at $2,413.81. A mixed start to the day saw Ethereum rise to an early morning intraday high $2,762.91 before hitting reverse. Falling short of the first major resistance level at $2,880, Ethereum slid to a late intraday low $2,329.2. Ethereum fell through the 38.2% FIB of $2,740 and the first major support level at $2,720. The extended sell-off also saw Ethereum fall through the second… Source link

Illustration by Elias Stein Text size What do Cathie Wood, ESG investors, and central bankers have in common? They’re all involved in the bull and bear debate over Bitcoin—and they’re all vying for space in Tesla CEO Elon Musk’s mind. Wood is a big Bitcoin bull. Her… Source link

Bearish news is causing the crypto market to dip and uncertainty reigns as to when prices might pick up again. Bitcoin (BTC) trading around $35,889 as of 21:00 UTC (4 p.m. ET). Slipping 7.6% over the previous 24 hours. Bitcoin’s 24-hour range: $35,453-$39,053 (CoinDesk 20) Ether (ETH) trading around $2,506 as of 21:00 UTC (4 p.m. ET). In the red 9.3% over the previous 24 hours. Ether’s 24-hour range: $2,443-$2,784 (CoinDesk 20) Bitcoin dumps on doubt Bitcoin’s hourly price chart on Bitstamp… Source link

Bullish investors in bitcoin aren’t all jazzed about the long U.S. Memorial Day holiday weekend ahead. The sun, the fresh air, barbecues, the first major summer break, as more doses of COVID vaccines have hit the arms of Americans and those in other parts of the world. That setup appears to be taking a back seat to growing agita about bearishness that could further crystallize in the coming days for bitcoin BTCUSD, -7.74% and the broader crypto… Source link

SHERIDAN, Wyo., May 28, 2021 /PRNewswire/ — COMIT Network, an Australian research and development workgroup, have announced that trustless atomic swaps between Monero and Bitcoin are now live on mainnet. This allows users to trade XMR for BTC without needing to trust an intermediary or the trading counterparty. Users can more easily trade worldwide without using a regulated financial institution. The Monero cryptocurrency is best-known for its private and fungible properties. Unlike other… Source link

Digital tokens took a hit on Friday as a growing list of central bankers expressed concerns about their usefulness. By Lynn Thomasson and Anchalee WorrachateBloomberg Bitcoin slumped 7% to near $35,500, recalling levels seen in the crypto meltdown last week as traders brace for fresh volatility over the long weekend. Prices across digital tokens took a hit as Bank of Japan Governor Haruhiko Kuroda joined a growing list of central bankers expressing skepticism about the industry’s usefulness… Source link