Photo: SOPA Images/LightRocket via Getty Images A report from Citi says bitcoin is at a tipping point and could soon become the preferred choice for international trade. At the same time, another major international bank, Goldman Sachs, has decided to restart its cryptocurrency exchange desk, and many others in Wall Street, such as JPMorgan, say they are getting closer to adopt it and start offering it to clients and employees. The moves follow a season… Source link

Litecoin price – Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – March 2nd, 2021 For the day ahead Litecoin would need to avoid a fall through the $172 pivot level to support a run at the first major resistance level at $181. Support from the broader market would be needed, however, for Litecoin to break out from the morning high $177.80. Barring an extended crypto rally, the first major resistance level would… Source link

Bitcoin has exploded over recent months, soaring to almost $60,000 as investors have rushed to buy cryptocurrencies. The bitcoin price, which wobbled last week after Tesla TSLA chief executive Elon Musk warned it “seemed high,” has bounced back thanks to fresh institutional support. Now, despite bitcoin racking up gains of almost 500% over the last 12 months, British asset manager Ruffer has predicted bitcoin adoption by traditional financial institutions is just… Source link

Ethereum Ethereum rallied by 10.55% on Monday. Reversing a 2.63% loss from Sunday, Ethereum ended the day at $1,571.82. A bearish start to the day saw Ethereum fall to an early morning intraday low $1,412.61 before making a move. Steering clear of the first major support level at $1,320, Ethereum rallied to a late intraday high $1,574.28. Ethereum broke through the first major resistance level at $1,497 and the second major resistance level at $1,572 before ending the day at $1,571 levels. The… Source link

Litecoin price is contained inside an ascending parallel channel on the 12-hour chart. LTC bulls have just defended a crucial support level and aim for a significant rebound. A key indicator is on the verge of presenting a strong buy signal for LTC. Litecoin price is still down by 30% since its 2021 peak of $247. However, the cryptocurrency market is showing signs of a recovery, and Litecoin bulls are planning to take advantage of it. Litecoin price poised for… Source link

Some traders assume that Bitcoin (CCC:BTC-USD) is the gold standard among cryptocurrencies. There might be merit to that claim, but let’s keep an open mind. Ethereum (CCC:ETH-USD) also deserves a place in your crypto portfolio — and you can buy some at a discount, as the price of Ethereum dropped hard recently. Source: Shutterstock Don’t get me wrong – the price is still higher than it was a year ago. Actually, you could say that about the most popular… Source link

Bitcoin prices bounced back today after falling to nearly $43,000. getty Bitcoin prices have experienced a notable recovery lately, climbing after falling to nearly $43,000 yesterday afternoon. The world’s largest digital currency by market value rose to as much as $49,520.72 earlier today, CoinDesk data shows. At that point, it was up roughly 15% from the multi-week low of $43,119.16 it reached the day before, additional CoinDesk figures reveal. … Source link

Bitcoin rose 7%, reversing the past few days’ losses, as some blockchain data turned bullish and new signs emerged of increasing cryptocurrency acceptancer by Wall Street firms including Goldman Sachs, Citigroup and Fidelity Investments. Bitcoin (BTC) trading around $48,593.99 as of 21:00 UTC (4 p.m. ET). Climbing 8.10% over the previous 24 hours. Bitcoin’s 24-hour range: $44,874.92-$49,520.72 (CoinDesk 20) BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish… Source link

MicroStrategy’s chief executive Michael Saylor announced his company’s latest bitcoin purchase worth … [+] $15 million. The company’s current treasury holdings of the cryptocurrency exceed $4 billion. STRF/STAR MAX/IPx MicroStrategy MSTR CEO Michael Saylor announced earlier this morning his firm has purchased approximately 328 more bitcoins for $15 million in cash, bringing the total to $4.45 billion. This latest purchase was made at an… Source link

Topline Banking powerhouse Goldman Sachs is setting up a cryptocurrency trading desk after backing away from a previous effort to enter the market after bitcoin crashed in 2018, making it the latest institutional player to plow into cryptocurrencies amid an eye-popping surge in their values. David M. Solomon, the chairman and CEO of Goldman Sachs, participates in a panel discussion during … [+] the annual Milken Institute Global Conference at The Beverly Hilton… Source link