Gains over the past 24 hours saw Tron rise to a multi-year high above $0.066. Monero was restricted below $238.6-resistance, while Tezos presented an upside at the $5-mark in a bullish outcome. Lastly, SNX showed signs of a recovery since the pullback in late-February. Tron [TRX] Source: TRX/USD, TradingView An upwards breakout from an ascending channel saw Tron snap a local high at over $0.066, a level last seen in May 2018. Higher highs on the OBV showed strong buying pressure as the… Source link

Bitcoin mining is hugely energy intensive, requiring vast amounts of computing power Alessandro Bianchi/Reuters Bitcoin mining can help the development of renewable energy technologies by allowing a quicker return on green investments, according to the head of one of North America’s biggest crypto miners. Mike Colyer, chief executive of Foundry, a sister company of major bitcoin player Grayscale, told Insider he thinks bitcoin can be “a bridge between our current energy production… Source link

Bitcoin (CRYPTO:BTC) has rewarded investors with stellar returns over the past year, making it enticing for newcomers to jump in and see how much they could “win.” So far, the cryptocurrency has soared to new record highs every month of 2021 as more investors flock to Bitcoin to capture diversification and opportunity.   Now, there’s another incentive that makes investing in Bitcoin an option for those who haven’t dived in yet or those who simply… Source link

Ethereum Ethereum rose by 1.86% on Friday. Partially reversing a 2.63% loss from Thursday, Ethereum ended the day at $1,809.38. A bearish start to the day saw Ethereum slide to an early morning intraday low $1,734.29. Ethereum fell through the first major support level at $1,740 before rallying to a late intraday high $1,840.69. The rally saw Ethereum break through the first major resistance level at $1,832 before falling back to sub-$1,810 levels. At the time of writing, Ethereum was down by… Source link

Elon Musk, the Tesla TSLA billionaire and outspoken bitcoin supporter, raised eyebrows among investors when he added $1.5 billion worth of bitcoin to his electric car company’s balance sheet last month. The bitcoin price has soared since Musk bet on bitcoin but concerns around bitcoin’s huge carbon footprint have weighed on the cryptocurrency. Now, hedge fund manager Anthony Scaramucci, whose 2017 tenure as Donald Trump’s communications director lasted just 11 days, has said… Source link

They say that the simplest way to beat the system is through emotionless investing. The irony, however, is that there is no form of investing in which emotions are not involved. If you have been part of the Bitcoin community, then you are not unfamiliar to price predictions ranging from zero to hundreds of millions of dollars. While very few of these predictions are backed by technical analysis, most of them are just guesses driven by people’s feelings at different times. As cryptocurrencies… Source link

Bitcoin (BTC) trading around $58,882.38 as of 20:00 UTC (4 p.m. ET). Climbing 2.52% over the previous 24 hours. Bitcoin’s 24-hour range: $56,327.79-$59,242.58 (CoinDesk 20) BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians. bitcoin trading on CoinbaseSource: TradingView Bitcoin’s price struggled to push higher after briefly touching $59,000 when markets opened in the U.S. on Friday. Investors continued to monitor the potential… Source link

Over the past two months, the open interest on Ether (ETH) options increased by 50% to reach $3.1 billion, with ETH price gaining 44% in that time period. Ether’s price appreciation and the rising options open interest has resulted in a potentially historic $1.15 billion expiry set for March 26. Ether options aggregate open interest. Source: Cryptorank Most exchanges offer monthly exposures, although a few also hold weekly options for short-term contracts. February faced the most significant… Source link

The number of active addresses on Litecoin, the world’s ninth-largest cryptocurrency by market cap, has grown by over six-fold in the past year, data from on-chain analytics service Glassnode shows. “New Litecoin addresses added daily are now broaching 100,000. Compared to 12 months ago, this is a 5x increase,” tweeted David Schwartz, a project director at the Litecoin Foundation. New #Litecoin addresses added daily is now broaching 100,000. Compared to 12 months ago, this is a 5x… Source link

Bitcoin believers may have new reason to rejoice following the stimulus checks, but Ethereum has use cases on its side. U.S. President Joe Biden’s $1.9 trillion COVID Relief Bill has passed congress and stimulus checks are soon to be distributed. Early signs indicate recipients are ready to buy Bitcoin. A survey by Mizuho Securities showed that out of 235 participants who expect to receive stimulus checks from the COVID Relief Bill, 10% are interested in investing in Bitcoin. It’s a small… Source link