Less than 24 hours after an altcoin rally pushed the market valuation of the entire cryptocurrency market over the $2 trillion mark, a 15% jump this morning has investors rethinking their Litecoin (CCC:LTC-USD) price predictions. Source: Wit Olszewski / Shutterstock.com The surge was led by Bitcoin (CCC:BTC), which has now held its own market cap above $1 trillion for a week. Analysts said as long as the biggest crypto holds above $53,000, it will be able to maintain that market… Source link

Key Takeaways Following a month-long stagnation period, Litecoin seems ready to resume its uptrend. The breakout from a consolidation pattern suggests LTC could rise to $290. Speculation over the upcoming Coinbase IPO listing appears to be influencing this cryptocurrency’s price action. Share this article Litecoin’s lackluster price action may have finally concluded. LTC finally broke through a crucial resistance level that could see its market value rise by nearly 40%.  Litecoin… Source link

Ethereum Classic (ETC) traded 13.94% higher at $17.01 in the early hours of Tuesday at press time. What Happened: The cryptocurrency, a fork of Ethereum (ETH), has risen 38.03% on a seven-day trailing period. ETH, which is now the second-largest cryptocurrency by market capitalization behind Bitcoin (BTC), traded 3.86% higher at $2,125.45 at press time. BTC traded 1.38% higher at $58,900.49. ETC has returned 200.4% so far since the year began, while ETH and BTC have… Source link

Ethereum Ethereum rose by 1.48% on Monday. Following on from a 3.35% gain on Sunday, Ethereum ended the day at $2,106.98. A bullish start to the day saw Ethereum rise to an early morning high $2,085.23 before hitting reverse. Falling short of the first major resistance level at $2,120, Ethereum slid to a mid-morning intraday low $2,003.10. Ethereum fell through the first major support level at $2,007 before striking a late intraday high $2,131.27. The rebound saw Ethereum break through the first… Source link

Anthony Scaramucci, known Bitcoin proponent heading global investment firm SkyBridge Capital, believes that the future of the digital asset in investment portfolios is inevitable. What Happened: In a recent interview with CNBC, Scaramucci called it “the apex predator in the space. I tell my clients whether you like it or not, the world is moving into digitization.” SkyBridge Capital’s Bitcoin Fund LP holds over $600 million worth of Bitcoin at present, and two weeks ago, the firm applied… Source link

Former Coinbase Director of Engineering joins as Company’s third independent director Silver Spring, MD, April 05, 2021 (GLOBE NEWSWIRE) — BTCS Inc. (OTCQB: BTCS) (“BTCS” or the “Company”), a digital asset and blockchain technology focused company, today announced the appointment of Litecoin creator Charlie Lee to its Board of Directors as its newest independent member. “We are honored to welcome Charlie Lee to our board,” stated Charles Allen, Chief Executive Officer of BTCS…. Source link

JPMorgan, in an email note released to clients on Thursday, cited decreasing Bitcoin volatility as a positive for institutional interest in the asset. In an article covering the release by Bloomberg, strategists including Nikolaos Panigirtzoglou at JPMorgan wrote: “These tentative signs of Bitcoin volatility normalization are encouraging… In our opinion, a potential normalization of Bitcoin volatility from here would likely help to reinvigorate the institutional interest going… Source link

The Monero market has seen some drastic price movements over the past couple of days. The beginning of April saw the volatile price action take a new turn as the participants tried to build price up from a low of $246. At the time of press, the price has jumped to $265 and has been showing extreme bullishness in the market. However, such extreme bullishness has often resulted in drastic falls in the market and XMR traders may want to practice caution. Monero 1-hour chart  Source: XMRUSD on… Source link

Bitcoin SV saw a steep rise to $267 but fell from those heights just as quickly. Monero saw sellers step in to force prices beneath $250, but the skirmish was yet undecided and XMR has not yet dropped below $245. Waves formed a megaphone pattern that could see it rise to $14.32. Bitcoin SV [BSV] Source: BSV/USDT on TradingView Bitcoin SV shot upwards past the $218 level in recent days to reach the 38.2% extension level at $267 but was forced to drop back just as swiftly to revisit $215-$218… Source link

Bobby Lee said the history of bitcoin was one of bubbles bursting and growing again Dado Ruvic/Reuters Bitcoin investors need to be more aware of the asset’s history of big booms and busts, Bobby Lee said. The crypto exchange founder said bitcoin is likely to shoot up further but then crash dramatically. Yet Lee said he is optimistic about bitcoin long-term, seeing it as an inflationary hedge. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bitcoin investors… Source link