Bitcoin has soared back this week after struggling to maintain its early 2021 momentum through the last week of February and into March. The bitcoin price has added more than 10% in recent days, climbing back above $50,000 and toward its all-time high of $58,000 per bitcoin as the U.S. approved a huge $1.9 trillion coronavirus stimulus package. With the bitcoin price up a blistering near-600% over the last 12 months, investing legend Mark Mobius has warned a sharp bitcoin decline could… Source link

Ethereum Ethereum slid by 4.09% on Wednesday. Reversing a 2.02% gain from Tuesday, Ethereum ended the day at $1,795.37. A mixed start to the day saw Ethereum rise to an early morning intraday high $1,879.00 before hitting reverse. Falling short of the first major resistance level at $1,896, Ethereum fell to an early morning intraday low $1,756.29. The sell-off saw Ethereum fall through the first major support level at $1,824 and the second major support level at $1,776. Finding late morning… Source link

A hybrid Monero cryptominer and ransomware bug has hit 20,000 machines in 60 days. At its previous peak in February, the Monero Miner cryptocurrency ransominer was targeting more than 2,500 users a day, disguised as an antivirus installer. Now, the tricky hybrid malware is on the rise again, this time impersonating an ad blocker and OpenDNS service. In total, it has infected more than… Source link

Bitcoin (BTC) trading around $56,248.28 as of 21:00 UTC (4 p.m. ET). Climbing 3.54% over the previous 24 hours.  Bitcoin’s 24-hour range: $53,101.24-$57,336.75 (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 gained for a sixth straight day, extending its longest winning streak of the year and approaching the record high price reached last month.  The largest… Source link

Bloomberg RBA’s Lowe Pushes Back Against Market, Sending Yields Lower (Bloomberg) — Reserve Bank of Australia chief Philip Lowe pushed back against bond markets pricing in an earlier tightening of monetary policy, sending the currency and yields lower as he reiterated that interest rates are unlikely to rise until at least 2024.“Over the past couple of weeks market pricing has implied an expectation of possible increases in the cash rate as early as late next year and then again in… Source link

U.S. largest bank launches a crypto-related stock basket, raising questions about the true extent of … [+] exposure to bitcoin and other cryptocurrencies. LightRocket via Getty Images JPMorgan JPM is giving clients a way to gain exposure to bitcoin and other cryptocurrencies through a structured note offering tied to a basket of stocks related to the assets. According to the U.S. Securities and Exchange Commission filings, the notes do not… Source link

Ethereum rose by 2.02% on Tuesday. Following on from a 6.17% rally on Monday, Ethereum ended the day at $1,871.99. A mixed start to the day saw Ethereum rise to an early morning high $1,859.62 before hitting reverse. Falling short of the major resistance levels, Ethereum fell to a mid-day intraday low $1,800.00 before finding support. Steering clear of the first major support level at $1,718, Ethereum rallied to a final hour intraday high $1,872.26. In spite of the late rally, Ethereum… Source link

Monero looked unlikely to break above its press time resistance since its on-chain metrics flashed red signals, at press time. UNI could see come consolidation around its press time price before continuing its strong uptrend. Finally, Zcash’s market bulls could face some stiff opposition in their attempt to climb above the $140.3-resistance level. Monero [XMR] Source: XMR/USD, TradingView The resistance level at $231 proved to be a formidable barrier as Monero failed to overturn the said… Source link

A growing number of institutions are warming to bitcoin. NurPhoto/Getty Images JPMorgan’s new product will give buyers exposure to big bitcoin players like MicroStrategy and Square. It is a sign of growing interest in cryptocurrencies on Wall Street, with BlackRock and Goldman also moving in. JPMorgan’s product will also provide exposure to Riot Blockchain, Nvidia and PayPal. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. JPMorgan is launching a product… Source link

Mining rigs of a super computer are pictured inside the bitcoin factory ‘Genesis Farming’ near … [+] Reykjavik, on March 16, 2018. – At the heart of Iceland’s breathtaking lava fields stands one of the world’s largest bitcoin factories at a secret location rich in renewable energy which runs the computers creating the virtual currency. (Photo by Halldor KOLBEINS / AFP) (Photo by HALLDOR KOLBEINS/AFP via Getty Images) AFP via Getty Images How much power… Source link