To date, Ether (ETH) price has gained 85% in 2021, and options traders are still highly optimistic about the altcoin’s short-term performance. The upcoming March 26 expiry holds over 96,000 ($172 million) call option contracts open interest between $2,240 and $3,520. Does a 25% or higher gain correctly reflect the current market sentiment, or are these traders simply over-optimistic about Ether’s odds? Ether price in USD. Source: TradingView Even though the effective price for the right to… Source link

Litecoin price broke out of an ascending triangle pattern on the 4-hour chart. LTC faces only one significant resistance area on the way up. Litecoin bulls are eying up a price target of $265 in the long-term.  Litecoin has been trading in an uptrend for the past two weeks and has finally broken out of a key pattern on the 4-hour chart. LTC bulls face weak resistance ahead of a new 2021-high above $250. Litecoin price on its way to new 2021 highs On the 4-hour… Source link

In the traditional business world, corporate mergers often create behemoths that come to dominate markets and, on occasion, drive political leaders to break them up again.  This is the story of a merger in the making, but in the decentralized world of blockchain-based projects it might help to set aside all prior assumptions about what a “merger” means.  Two encryption projects, Keep and NuCypher, both running on the Ethereum blockchain, have begun discussing what they are calling a… Source link

Share to Facebook Share to Twitter Share to Linkedin In first place: a product traded in Toronto. Brian Armstrong, founder of Coinbase Jamel Toppin/Forbes Collection What’s the best way to invest in cryptocurrency? Here I survey 11 possible answers. They appear in descending order of how favorably I view them, but, as the details will make clear, your preferences may vary. Large, long-term investors will prefer #2 to #1. #1. Purpose Bitcoin ETF This new… Source link

The bitcoin price hit a record high of $49,998 on the Binance exchange Ozan Kose/Getty Images A bitcoin “fear gauge,” similar to the Cboe Volatility Index (VIX) investors use to gauge volatility in the stock market, saw its first trades on Wednesday. The T3i BitVol Index measures the expected 30-day implied volatility in bitcoin derived from tradable bitcoin option prices. It was launched in July 2020 by T3 Index, a research-driven financial firm. It also has a separate index for… Source link

The Litecoin (LTC) price has been decreasing since it was rejected by the long-term $238 resistance area. Litecoin is currently trading between resistance and support. While technical indicators are leaning bullish, a breakout is required for the bullish trend to be confirmed. Rejection from Long-Term Resistance Litecoin has been decreasing since Feb. 20, when it reached a local high of $248. The rejection holds more importance since it occurred right at the 0.618… Source link

“Software is eating the world,” wrote venture capitalist Marc Andreessen in 2011. And it did, with gusto. Software has revolutionized some industries and undone others. Financial technology (fintech) software has been used by banks to digitalize the customer experience and speed up existing processes—apps have replaced branches and algorithms execute trades. But software is now coming for Wall Street in the same way Facebook’s News Feed came for traditional publishers with the rise of… Source link

Litecoin suffered another rejection at $200, opening the door to the ongoing retreat. An ascending channel failed to make a breakout at the x-axis, allowing bears to increase their position. Support at the 200 SMA on the 4-hour chart could ignore the bearish narrative in favor of a recovery move. Litecoin has made an appreciable move upward this week, adding to last week’s recovery. However, the uptrend lost energy slightly above $200. LTC suffered another rejection at this level,… Source link

IMAGE: getty The combined effect of the pandemic and technology on capital markets is generating all kinds of poltergeists, strange phenomena that are turning out to be a horror movie for some, and for others, an opportunity to explore new territory. Let’s start with the facts: since the beginning of the pandemic, which saw a halt or a sharp reduction of economic activity for a lot of people, many of whom were already in a vulnerable situation, the US… Source link

Peter Schiff. Reuters/ Rick Wilking Bitcoin critic Peter Schiff’s son has moved all of his portfolio investments into the cryptocurrency. Schiff called his son “brainwashed” and said he needs to “disinherit” him, or his money would be wasted. The wealth manager regularly clashes with crypto advocates over his bitcoin predictions. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Spencer Schiff, the son of bitcoin detractor Peter Schiff, has decided to move… Source link