Bitcoin has suddenly surged higher, climbing firmly above the psychological $60,000 per bitcoin for the first time since mid-March. The bitcoin price hit highs of $61,240 on the Luxembourg-based Bitstamp exchange before falling back slightly, a rise of 5% on the last 24 hours. Meanwhile, ethereum, the second-largest cryptocurrency after bitcoin, rose to a fresh all-time high above $2,100. The precise cause of the early Saturday morning bitcoin price surge was not immediately clear,… Source link

Ethereum Ethereum fell by 0.73% on Friday. Partially reversing a 5.93% gain from Thursday, Ethereum ended the day at $2,066.03. A mixed start to the day saw Ethereum rise to a late morning intraday high $2,100.00 before hitting reverse. Falling short of the first major resistance level at $2,127, Ethereum fell to a late afternoon intraday low $2,048.41. Steering clear of the first major support level at $1,992, Ethereum found support to end the day at $2,060 levels. At the time of writing,… Source link

Last week, Human Rights Foundation executive and Bitcoin evangelist Alex Gladstein tweeted that a recent article in Wired UK threatened to set back the cryptocurrency’s cause, by working in a well-worn and what he considers overdone, genre: bitcoin crime stories. The article, “The bitcoin terrorists of Idlib are learning new tricks,” written by CoinDesk alumna Rachel-Rose O’Leary, examined how Syria-based jihadi are using encrypted tools like cryptocurrencies and Telegram to further… Source link

High profile analyst Michaël van de Poppe is reviewing two large-cap crypto assets as the overall market cap flirts with $2 trillion. In a new video, Van de Poppe tells his 58,000 subscribers that XRP may finally be ready to start outperforming Bitcoin, as the asset along with Litecoin (LTC) and Ethereum (EHT) appear to have bottomed out in their BTC pairs. “In these past four years XRP has been losing value against Bitcoin – having Bitcoin on its own… Source link

Volumes and open interest for CME Ethereum Futures reached a record high this week, according to data from crypto analytics platform Skew. What Happened: Daily volume neared $240 million in a single day, and total open interest crossed $180 million. These were the highest observed levels since CME launched its Ethereum futures on Feb 8. CME Ether futures had a record volume day this week pic.twitter.com/zchWxeA4O5 — skew (@skewdotcom) April 9, 2021 An… Source link

Ethereum is currently trading back above the crucial $2,000 level of support as it takes aim at a weekend record high above $2,158. The world’s second largest cryptocurrency has risen by more than 175% since the turn of the year and a staggering 1,156% in the past 12 months. It has recently benefited from a period of sideways consolidation in the price of Bitcoin, which has led to market-wide rallies across the majority of altcoins like Ethereum, Litecoin and Bitcoin Cash. In the immediate… Source link

IMAGE: NurPhoto via Getty Images For many people, the main obstacle to using cryptocurrencies is that they are volatile; their value fluctuates sharply across time depending on, apparently, many different factors. To put the issue in context, the original paper on bitcoin was published in late 2008 and the first transaction in early 2009: since then, its value in dollars or euros has risen by more than 15,000%. BTC/USD and BTC/EUR E. Dans In contrast, over the… Source link

The price of Ether (ETH) is hovering near its all-time high once again, while Bitcoin (BTC) is still far from surpassing its record high at $60,805. But despite ETH demonstrating strong technical momentum and entering price discovery, on-chain analysis finds that its support is “narrower” than Bitcoin’s. Simply put, ETH faces a bigger risk of seeing a deeper pullback than Bitcoin in the foreseeable future if the market turns around. USD cost of Ether held since November 2020. Source:… Source link

Ethereum Ethereum rose by 5.93% on Thursday. Partially reversing a 7.06% slide from Wednesday, Ethereum ended the day at $2,081.29. A bearish start to the day saw Ethereum fall to an early morning intraday low $1,949.34 before making a move. Steering clear of the first major support level at $1,886, Ethereum rallied to a late intraday high $2,084.54. Coming in range of the first major resistance level at $2,086, Ethereum eased back to end the day at $2,081 levels. At the time of writing, Ethereum… Source link

Bitcoin has soared so far this year, climbing to a price of around $60,000 and helping the broader cryptocurrency market hit an eye-watering $2 trillion. The bitcoin price has soared by around 400% since its latest bull run began as long-awaited institutional adoption started to materialize and Tesla billionaire Elon Musk whipped the crypto market into a frenzy. Now, with many bitcoin and crypto analysts trying to call where the market top will be, a Bloomberg analyst has predicted the… Source link