Bitcoin and Ethereum prices are making a comeback, following two weeks of market losses. Bitcoin rebounded 13 per cent for a value of USD$38,000, while the world’s second largest cryptocurrency, Ethereum, is up more than 27 per cent, worth just under USD$2,475. Bitcoin’s value was chopped in half just weeks after April’s record peak of $64,895. The cryptocurrency’s markets operate 24/7, meaning prices can drastically change at any hour. Read more: Bitcoin rebound comes under… Source link

Founder of Ethereum Vitalik Buterin during TechCrunch Disrupt London 2015 John Phillips/Getty Images for TechCrunch Ethereum’s price rose roughly 40% to briefly touch $2,500 per coin on Monday. The jump in price came after a brutal sell-off last week for the second-largest cryptocurrency by market cap. Despite a recent drop in prices, new research shows ether miners made a record $1.93 billion in revenue in May. Sign up here for our daily newsletter, 10 Things Before the Opening… Source link

Founder of Ethereum Vitalik Buterin during TechCrunch Disrupt London 2015 John Phillips/Getty Images for TechCrunch Ethereum’s price rose roughly 40% to briefly touch $2,500 per coin on Monday. The jump in price came after a brutal sell-off last week for the second-largest cryptocurrency by market cap. Despite a recent drop in prices, new research shows ether miners made a record $1.93 billion in revenue in May. Sign up here for our daily newsletter, 10 Things Before the Opening… Source link

The next Ethereum network could reduce crypto’s energy consumption by 99%. Yuriko Nakao/Getty Images Renewable energy pioneer Elon Musk recently made a 180-degree turn on Bitcoin, announcing that Tesla would no longer accept the cryptocurrency as a payment method after realizing that Bitcoin mining and transaction consume too much electricity generated from fossil fuel. “Cryptocurrency is a good idea on many levels…but this cannot come at great cost to the environment,” the… Source link

Ether’s (ETH) futures premium has gone through a complete cycle, from April’s extreme euphoria to the present level, which is the most bearish in six months.  Believe it or not, in both situations, Ether’s price was roughly $2,100. This change shows how investors’ mood depends on a few weeks’ performances and holds no relation to longer timeframes. By analyzing the futures markets’ price difference versus regular spot exchanges, traders can better understand how the price move has impacted… Source link

Here’s what you need to know: Elon Musk, the chief executive of Tesla, which bought $1.5 billion in Bitcoin last quarter.Credit…Michele Tantussi/Reuters Over the weekend, the price of Bitcoin briefly fell to around $31,000, more than 50 percent down from its high last month. It has recovered somewhat and is currently trading at around $37,000. “About $20 billion of long positions were liquidated last week,” Sam Bankman-Fried, the chief executive of the crypto derivatives exchange FTX,… Source link

Text size Dreamstime Bitcoin and other cryptocurrencies tumbled over the weekend, extending declines that began earlier this month. While Bitcoin prices recovered on Monday, there may still be more pain to come for cryptocurrency investors if the digital currency crashes like it did in 2017. Bitcoin continued to be volatile over the weekend…. Source link

Text size AFP via Getty Images Bitcoin is attempting to stabilize after being cut in half from April’s $64,800 high. The cryptocurrency sank to about $30,000 intraday last Wednesday—a critical support area that must hold. What are the technicals projecting? Let’s examine a weekly closing chart. Twice, Bitcoin advanced from large rounding… Source link

Litecoin Climbs 10% In Rally Investing.com – was trading at $156.830 by 05:49 (09:49 GMT) on the Investing.com Index on Monday, up 10.28% on the day. It was the largest one-day percentage gain since May 20. The move upwards pushed Litecoin’s market cap up to $10.636B, or 0.70% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $139.764 to $163.097 in the previous twenty-four hours. Over the past seven days,… Source link

Since the launching of Bitcoin in 2009, many alternative cryptocurrencies have emerged into this young space. Among the cryptocurrencies include Ethereum that debuted in 2015, Monero in 2014, and Dogecoin in 2013. Today, let focus on Monero. Monero attracted users in its early days due to its privacy features. It was widely used in the darknet markets to purchase illicit products and services. Apart from purchasing products, crypto is used… Source link