Bitcoin slid Tuesday after a bout of volatility highlighted lingering doubts about the durability of the token’s mesmerizing rally. The cryptocurrency fell as much as 11% to below $50,000. At one point Monday the digital currency plunged 17% before paring the worst of the slide. It’s still up some 400% in the past… Source link

Litecoin price – Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 23rd, 2021 For the day ahead Litecoin would need to move back through the $204.99 pivot level to support a run at the first major resistance level at $230.96. Support from the broader market would be needed, however, for Litecoin to break back through to $220 levels. Barring an extended crypto rally, the first major resistance level and… Source link

Bitcoin took a hit in value over the weekend.  Angela Lang/CNET … Source link

Shares of Silvergate Capital (SI) are up more than 120% so far this year -— and the stock has skyrocketed nearly 1,300% since going public in November 2019. Increasingly more financial services firms, such as Bank of New York Mellon (BK), Visa (V), MasterCard (MA) and BlackRock (BLK), are starting to embrace bitcoin. But arguably no bank is as “all-in” on crypto as Silvergate. CNN Business spoke to Silvergate CEO Alan Lane about the bank’s bitcoin business and what he predicts next for the… Source link

Jaap Arriens/NurPhoto via Getty Images Bitcoin tumbled as much as 17% on Monday, to below $48,000. On Sunday, the cryptocurrency hit a record of $58,042, bringing its year-to-date gain to over 100%. On Friday, it reached a market capitalization of $1 trillion. Monday’s slide is a sign of the wariness of the cryptocurrency’s rapid ascent. Bears have long said bitcoin is in bubble territory, comparing the recent rally to what played out in 2017, when bitcoin plunged by 45%… Source link

BCH’s downtrend was clearer on the hourly charts as the price formed lower highs. DOGE moved within a fixed channel and was likely to remain above $0.0054 over the coming sessions. Monero could be in for more losses as the on-chain metrics supported an extended bearish outcome. Bitcoin Cash [BCH] Source: BCH/USD, TradingView On the daily time frame, Bitcoin Cash seemed to be consolidating as the price move rangebound after snapping a local high at over $720. However, a downtrend emerged… Source link

ETH price perched above $1,850 after retreating from its recent peak of $2,036 Ethereum rallied to a new all-time high of $2,036 on 20 February, hitting the landmark price after a week of registering high after high. However, bulls were unable to continue higher over the weekend and ETH prices have largely been range-bound below $1.9k. The consolidation could be what bulls need to build fresh momentum, in which case another leg up could see ETH/USD surpass the recent peak. On the flip… Source link

As BNB continues to gain popularity, it seems that a growing number of analysts are pointing to the Binance Smart Chain (BSC) as a serious threat to the Ethereum network. Citing faster and cheaper transactions, these analysts believe that the BSC could overtake Ethereum as the ‘backbone’ of the decentralized finance (DeFi) ecosystem. This increase in user activity has been reflected in the price of the Binance token (BNB), which has continued to rally as the Binance Smart Chain continues… Source link

Bitcoin Bitcoin, BTC to USD, rallied by 18.06% in the week ending 21st February. Following on from a 25.08% breakout from the previous week, Bitcoin ended the week at $57,376.0. A mixed start to the week saw Bitcoin fall to a Monday intraweek low $45,730.5 before making a move. Steering clear of the first major support level at $41,134, Bitcoin rallied to a Sunday intraweek high and a new swing hi $58,321.2. Bitcoin broke through the first major resistance level at $57,109 and the second major… Source link

Ethereum Ethereum rose by 1.07% on Sunday. Partially reversing a 2.17% fall from Saturday, Ethereum ended the week up by 7.34% to $1,935.57. A mixed start to the day saw Ethereum fall to an early morning intraday low $1,885.00 before making a move. Steering well clear of the first major support level at $1,804, Ethereum rallied to a late intraday high $1,976.72. Falling short of the first major resistance level at $2,034, Ethereum eased back to end the day at sub-$1,940 levels. At the time of… Source link