Share Tweet Share Share Share Email Balance sheets ballooning with bitcoin. For a smattering (but growing roster) of firms, adding bitcoin holdings as part of the typical corporate finance strategy of maximizing returns on assets may look like a shrewd move, at least when the price of bitcoin keeps moving up. But the question becomes: What happens on the downside? And what happens next? MicroStrategy has been adding to its bitcoin holdings, where Coindesk reported this week that CEO Michael… Source link

Monero formed a bullish pattern on the hourly chart and could see a breakout past $220. Algorand reclaimed the $1 mark as support and pushed toward $1.15, and Compound halted its slide from $540 in mid-February to $337 and was making a recovery toward the $450 mark. Monero [XMR] Source: XMR/USDT on TradingView XMR formed an ascending triangle on the 4-hour chart, following its near 35% drop from the highs of $282 to $180. The fractals show that $220 is the short-term target for the bulls to… Source link

Bitcoin started the month on a positive note, jumping more than 8% to about $49,000 after a price plunge last week that was the biggest since the coronavirus wrecked markets early last year. The gains came amid fresh signs of adoption of digital-asset technologies. Citigroup, one of the biggest U.S. banks, wrote that bitcoin was at a “tipping point” as more institutions adopt the cryptocurrency. Google Finance added a data tab on cryptocurrencies. And Michael Saylor’s MicroStrategy,… Source link

Bitcoin Sellers Took the Lead, Took BTC/USD below 45,000 BTC/USD started the week at 57,499 near the all-time high at 58,400, based on the CEX.IOpricing. In the first four hours of Monday’s trading session, BTC/USD declined to 56,000, which was an important support level in intraday terms. The level produced some buying pressure for the pair but only for the next four hours, as BTC/USD closed the 4-hour candlestick between 04:00 and 08:00 UTC at 46,479. That, however, made no lasting… Source link

NOTTINGHAM, England, March 1, 2021 /PRNewswire/ — As the DeFi market witnesses exponential growth, with the total value of digital assets locked up in the tools and protocols standing at over 36 billion, Antier Solutions is working to roll out the world’s first DeFi wallet supporting Ethereum, TRON and Binance Smart Chain DApps. Antier’s wallet is an initiative to make decentralized finance effortlessly accessible across the network. Besides offering peer-to-peer crypto exchange services,… Source link

Alphabet’s stock news page added a section to the day’s prices for major cryptocurrencies. Grow Your Business, Not Your Inbox Stay informed and join our daily newsletter now! March 1, 2021 1 min read This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process. Cryptocurrencies are… Source link

Topline Bitcoin could be at the start of a “massive transformation” into the mainstream and on the path to become “the currency of choice for international trade,” according to leading investment bank Citi, which noted the cryptocurrency’s meteoric rise in value in recent years and a growing interest from institutional investors as potentially setting the stage for widespread success.  Citi analysts predict Bitcoin could be on the verge of going mainstream. … Source link

Ethereum Ethereum fell by 2.63% on Sunday. Reversing a 1.07% gain from Saturday, Ethereum ended the week down by 26.54% to $1,422.02. A mixed start to the day saw Ethereum rise to an early morning high $1,469.96 before hitting reverse. Falling well short of the first major resistance level at $1,518, Ethereum fell to a mid-afternoon intraday low $1,292.76. The extended sell-off saw Ethereum fall through the first major support level at $1,411 and the second major support level at $1,256. Finding… Source link

Ethereum price Today – Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – March 1st, 2021 For the day ahead Litecoin would need to avoid a fall through the $164 pivot level to support a run at the first major resistance level at $175. Support from the broader market would be needed, however, for Litecoin to break out from Sunday’s high $173.17. Barring an extended crypto rally, the first major resistance level… Source link

The bitcoin and cryptocurrency market has lost around $400 billion since its peak last weekend as panic spreads among traders. The bitcoin price, after coming within touching distance of $60,000 per bitcoin last week, has plummeted almost 25%—falling as low as $43,000 (though bitcoin remains up almost 50% since the start of 2021). Now, documents released by cryptocurrency exchange Coinbase ahead of its long-awaited initial public offering (IPO) have revealed the possible events it fears… Source link