In this article, we will take a look at the 10 best cryptocurrencies Redditors are buying. You can skip our detailed analysis of these cryptocurrencies, and go directly to 5 Best Cryptocurrencies Redditors are Buying. The free fall in the prices of cryptocurrencies over the past week has exacerbated investor concerns around volatile technology stocks. However, market experts like Cathie Wood, who reportedly holds the largest institutional investment in cryptocurrencies through her firm, Ark… Source link

The Biden administration, lawmakers, and central bankers are wrestling with fresh challenges posed by cryptocurrency, conferring in numerous meetings amid recent volatility in digital assets. White House officials were briefed by career staff members at the Treasury Department about the risks posed by cryptocurrency earlier this month, said two people familiar with the matter. The issue has also been raised in conversations with federal regulators involving the department’s Office of the… Source link

Litecoin (CCC:LTC-USD) is down nearly 50% from all-time highs it reached earlier in May. However, if you’re a cryptocurrency investor this shouldn’t really be a concern. Source: Shutterstock Expecting to invest in crypto without massive price swings is like getting on a water slide and expecting not to get wet.   In my mind, the question isn’t even so much about whether now is a good time to buy Litecoin. It may have further to drop. After all, as I wrote back in… Source link

Two technicians inspect Bitcoin mining at Bitfarms in Quebec. LARS HAGBERG/AFP via Getty Images Text size Bitcoin is down 4.3%—and though it might not seem like it, that’s good news. If Bitcoin were the stock market, Tuesday’s drop would be frightening. For Bitcoin, it’s nothing. The cryptocurrency has… Source link

Check out what’s clicking on FoxBusiness.com. Bitcoin gained more than 4% overnight, and as of 6 a.m. ET is trading at close to $38,000. Just after midnight eastern time, the cryptocurrency stood at $38,289 before beginning a steady decline throughout the night, reach a low of $37,833 at 12:21 a.m. before once again beginning to rise. BITCOIN MINERS AGREE TO FORM COUNCIL AMID MEETING WITH ELON MUSK By 3:16 a.m., it reached its overnight high of $39,197, Coindesk reported. Meanwhile,… Source link

The chief executive told Reuters in an interview this week that his bank has no plans to launch a cryptocurrency trading desk, and “given the volatility, we are not into bitcoin as an asset class.” HSBC confirmed Quinn’s remarks to CNN Business but declined to comment further. Bitcoin (XBT) is currently on a roller coaster ride. The virtual currency has continuously made headlines for its wild price swings, and has dropped more than 30% in value this month alone, from roughly $58,000 to just… Source link

Ethereum Ethereum surged by 26.25% on Monday. Reversing an 8.58% slide from the previous day, Ethereum ended the day at $2,651.24. A mixed start to the day saw Ethereum fall to an early morning intraday low $2,072.15 before making a move. Steering clear of the first major support level at $1,756, Ethereum rallied to a late intraday high $2,678.25. Ethereum broke through the first major resistance level at $2,412 to wrap up the day at $2,650 levels. At the time of writing, Ethereum was up by 2.67%… Source link

The Litecoin price has done relatively well in the past few sessions. The LTC price is trading at $178.80, which is 52% above the lowest level last week. It has a market cap of more than $12 billion and is the 13th biggest cryptocurrency in the world. Litecoin news: Litecoin is a digital currency that is used to make transactions. It was developed using the same concepts as Bitcoin. Over the years, the number of people using the currency for transactions has been… Source link

Cryptocurrencies have had a tough time recently. After reaching its peak of around $4,200 per token in mid-May, the price of Ethereum (CRYPTO:ETH) has plummeted by more than 40% over the past week. However, the current crypto crash doesn’t necessarily mean it’s a bad time to buy. If you’ve done your research and have decided you’re interested in investing in Ethereum, it can be a smart move to buy when the price is lower. This way, you can get more… Source link

Amid the devastation within the cryptocurrency sector, many of the popular and more reasonably priced digital assets suffered disproportionately. Litecoin (CCC:LTC-USD), which was once the original altcoin or alternative cryptocurrency to Bitcoin (CCC:BTC-USD), was among the hardest hit of the well-known cryptos. Source: Shutterstock Bitcoin shed more than 14% of market value over the trailing seven days. In contrast, Litecoin fared much worse, dropping 38% in the same comparison…. Source link