Getty Images SOPA Images/LightRocket via Getty Images I’ll make this one quick, because it’s pretty straightforward. If bitcoin doesn’t rally if and when stocks are under pressure due to inflationary worries (i.e., now), it will likely set off an excruciating downtrend as king crypto’s mythos unravels and people come to terms with what it’s likely been about all along: selling to the next guy. A lot of people have infamously written “bitcoin is dead” articles…. Source link

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Ethereum Ethereum rose by 0.54% on Monday. Following on from a 0.29% gain on Sunday, Ethereum ended the day at $3,949.45. A mixed start to the day saw Ethereum fall to an early morning low $3,893.01 before making a move. Steering clear of the first major support level at $3,775, Ethereum rallied to a late afternoon intraday high and a new swing hi $4,213.85. Ethereum broke through the first major resistance level at $4,033 and the second major resistance level at $4,137. Coming up short of $4,300… Source link

Bitcoin, after surging at the beginning of the year, has plateaued over the last couple of months. The bitcoin price nudged $65,000 per bitcoin in April before falling back slightly—with other, surprising cryptocurrencies stealing the limelight. Now, the chief investment officer of hedge fund Morgan Creek Capital Management has predicted the bitcoin price could soar to $250,000 within five years, arguing bitcoin “is going to become the base layer protocol for the internet of value.” … Source link

Ethereum, the second-largest cryptocurrency after bitcoin, has soared over recent months. The ethereum price, after beginning the year at under $1,000 per ether token, has smashed through $4,000—climbing alongside bitcoin and most other major cryptocurrencies. Now, an expert panel has predicted ethereum is set to soar to almost $20,000 by 2025, an increase of 400% from its current price, with “major upgrades” to the ethereum network potentially pushing it higher. MORE FROM FORBES

Topline Though the price of bitcoin has fallen over the past week, the cryptocurrency market is still soaring to new highs as investors plow into a booming crop of altcoins, or bitcoin alternatives, minting massive gains and echoing the crypto mania that led to a massive 80% market correction less than four years ago. Bitcoin’s down 1% over the past week, but a slew of other top tokens are up as much as 41%. Getty Images Key Facts The cryptocurrency market hit a… Source link

Litecoin (CCC:LTC-USD) is on the rise Monday as investors in the cryptocurrency hope it reaches the $400 mark soon. Source: Wit Olszewski / Shutterstock.com Litecoin was trading at around $392 this morning and that positive movement could carry it higher. While it already jumped about $400 yesterday, it didn’t stay above that price. Investors are no doubt hoping they can push it higher again and keep it from falling. Keeping that in mind, we’re taking a look at Litecoin and Source link

Bitcoin remains in a tight trading range between $56,400 and $59,700 as it begins to knock on the door of the major $60,000 level of resistance. The world’s largest cryptocurrency continues to trade much lower than April’s high of $65,000, which came in anticipation of Coinbase’s direct listing on Nasdaq. While Bitcoin has remained relitavely stable, the altcoin market has flourished with the likes of Ethereum more than doubling in 16 days. Typically, when Bitcoin trades in a sideways… Source link

Bloomberg With $2,300 Phone Calls, Purdue Runs Up Huge Bankruptcy Tab (Bloomberg) — One phone call with the Department of Justice: $2,300. Two days at the Ritz-Carlton: $830. Oh, and a lengthy cab ride to and from the court in White Plains, New York — that’ll be $1,000.Those are just some of the almost $400 million of fees and expenses racked up by professionals working the bankruptcy of Stamford, Connecticut-based Purdue Pharma LP. The bills add up to more than half the amount that all… Source link

In this article, BeInCrypto takes a look at the price movements of Litecoin (LTC) and measures the increases and losses each year to see how it measures up in 2021. The most bullish year for Litecoin was 2017 when it increased by 5,455%. So far in 2021, it has moved upwards by 195%. Litecoin 2015-2018 A significant market cycle transpired for LTC in 2015. At one point, the price had increased by 827%, reaching a high of $8.96. However, it proceeded to close at $3.44, an increase of only 154%…. Source link