Bad news became good news on Friday for risk assets from stocks to bitcoin. The U.S. economy added 266,000 jobs in April, missing estimates of a 1 million gain. The weak jobs report reinforced expectations of continued easy money policy at the Federal Reserve, which sent bitcoin (BTC) higher by about 2% over the past 24 hours. The S&P 500 and Nasdaq also ended the day in the green while safe havens such as Treasury bonds sold off.  The April jobs miss suggests a fragile economic recovery,… Source link

Ethereum classic (ETC), the not-really-like-ether (ETH) sibling of the Ethereum blockchain’s native cryptocurrency, is on track for the best weekly performance in its four-year history, with prices nearly tripling since Sunday.  ETC/USD trading pair on Kraken.Source: Kraken, TradingView Analysts in the digital-asset market say the price move likely reflects a speculative fever among retail traders rather than deeply informed bets on the Ethereum Classic blockchain’s future technological… Source link

Shares of Square are up more than 6% today after the American fintech company reported a staggering $5.06 billion in revenue in its Q1 2021 earnings report, far ahead of an expected tally of $3.36 billion. By posting the huge revenue beat, Square grew 266% compared to its year-ago Q1. Because that’s the sort of growth that we generally expect to see from early-stage startups instead of maturing public companies, some exploration is in order. In short, bitcoin revenues… Source link

Various cryptocurrencies have noted strong uptrends over the past few weeks. Whereas some currencies got more attention than others, Monero has kept on gaining value. A new all-time high XMR price remains within reach thanks to prominent ecosystem developments. Monero Blows Past $500 It is always interesting to see how individual cryptocurrencies perform. Not every project receives the attention it needs or deserves in this industry. Monero is a project few people seem to talk about, yet… Source link

Bitcoin was trading sideways on Friday, even as gold rallied to three-month highs amid a renewed drop in U.S. real (inflation-adjusted) bond yields.  The cryptocurrency was changing hands for $56,500 at 11:00 UTC, continuing a week-long consolidation in the range of $52,000 to $59,000, according to CoinDesk 20 data. Gold, a traditional store-of-value asset, rose to $1,820 per ounce, the highest level since Feb. 16. The move came a day after the U.S. 10-year real yield fell to a three-month… Source link

Wall Street is now in the Bitcoin game. On Tuesday, one of the world’s most important trading bodies announced it was creating a suite of indexes that would track cryptocurrencies. The move by S&P Dow Jones Indices follows other major developments mainstreaming Bitcoin, such as when the NFL’s No. 1 draft pick put his entire multimillion-dollar signing bonus into crypto last week and when no less than Sotheby’s announced this week that it will accept cryptocurrencies in an upcoming auction.

The Litecoin price is holding steady close to its December 2017 high as demand for the digital currency continued rising. LTC has jumped by more than 5% in the past 24 hours and by 35% in the past 7 days. It is now the 10th biggest digital currency. What happened: Litecoin and other select altcoins have jumped recently as demand rises. The recent comments by the Federal Reserve that it won’t raise interest… Source link

Cryptocurrency has captured the attention of more investors this year. Getty Images Most… Source link

Litecoin price closes with a Doji candlestick, indicating an interruption in the trend. Significant Fibonacci level restraining rally from reaching the all-time high. Litecoin price on pace to close with fourth-largest weekly gain since September 2020 low. Litecoin price is currently 20% below 2017 high while trading in an ascending channel since the September 2020 low. Potential exists for LTC to reach the all-time, but the intra-day charts indicate that the boost in… Source link

The tokens of the Ethereum blockchain’s competitors are making huge gains Thursday, while ether set a new price record above $3,600.  Bitcoin has less than 10% of gold’s market capitalization but could continue to differentiate itself from the yellow metal and grow its piece of the total market-cap pie. Ether (ETH) trading around $3,483 as of 21:00 UTC (4 p.m. ET). Gaining 0.28% over the previous 24 hours. Ether’s 24-hour range: $3,397-$3,607 (CoinDesk 20) Ethereum Classic (ETC) trading… Source link