Bloomberg A Crypto Kid Had a $23,000-a-Month Condo. Then the Feds Came (Bloomberg) — Stefan Qin was just 19 when he claimed to have the secret to cryptocurrency trading.Buoyed with youthful confidence, Qin, a self-proclaimed math prodigy from Australia, dropped out of college in 2016 to start a hedge fund in New York he called Virgil Capital. He told potential clients he had developed an algorithm called Tenjin to monitor cryptocurrency exchanges around the world to seize on price… Source link

Editor’s Note: Happy Chinese Lunar New Year! First Mover will not publish on Monday, February 15, which is Presidents’ Day in the U.S. Cryptocurrency markets will be open, as they always are. Price Point Bitcoin (BTC) was lower, after pushing early Friday to an all-time high price of $48,925, based on CoinDesk pricing.  Market activity was quiet due to the Lunar New Year celebrations across Asia and the upcoming Presidents’ Day holiday in the U.S. on Monday, according to Craig Erlam,… Source link

The Monero (XMR) price is currently in the process of moving above a long-term Fib resistance level at $200. Monero is expected to move above this level and gradually increase towards $305.   Monero Long-Term Resistance At the beginning of January 2021, XMR reached a high of $190 but was almost immediately rejected. Despite the drop, XMR began another upward movement and is currently trading at $200. This area is important since it’s the 0.382 Fib retracement… Source link

Elon Musk, the billionaire chief executive of electric car-maker Tesla TSLA , has single-handedly added thousands of dollars to the price of bitcoin in recent weeks—with other groundbreaking developments sending it still higher. The bitcoin price, which soared toward $50,000 per bitcoin this week after Tesla made the shock announcement it had bought $1.5 billion worth of bitcoin, is up around 350% over the last 12 months. Now, data has revealed Musk, who has been warned by… Source link

Ethereum Ethereum rose by 2.57% on Thursday. Reversing a 1.64% fall from Wednesday, Ethereum ended the day at $1,787.32. A bearish start to the day saw Ethereum fall to an early morning intraday low $1,704.23 before making a move. Steering clear of the first major support level at $1,669, Ethereum rallied to an early afternoon intraday high $1,819.0. Falling short of the first major resistance level at $1,828 and Wednesday’s swing hi $1,839.0, Ethereum fell back to a low $1,760.0. Finding late… Source link

Ripple Ripple (known as XRP) was created by US-based technology company Ripple Labs to allow financial institutions to transfer money with negligible fees and low wait-times. XRP is the native currency for the payment protocol Ripple which purports to enable “secure, instant and nearly free global financial transactions of any size with no chargebacks”. Ripple Labs was sued by the SEC in December 2020 for selling XRP tokens, classified by the SEC as unregistered securities. Dogecoin

Litecoin price – Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 12th, 2021 For the day ahead Litecoin would need to avoid a fall through the $184.41 pivot level to support a run at the first major resistance level at $193.04. Support from the broader market would be needed, however, for Litecoin to break back through to $190 levels. Barring an extended crypto rally, the first major resistance level and… Source link

Bitcoin was trading between $47,000 and $48,000 for much of Thursday, breaking the $48,000 level multiple times throughout Thursday. Traders and analysts told CoinDesk they remain bullish on the overall market, as institutional investors’ interest in bitcoin is growing “at a staggering pace.” Bitcoin (BTC) trading around $47,174.04 as of 21:00 UTC (4 p.m. ET). Gaining 5.48% over the previous 24 hours. Bitcoin’s 24-hour range: $44,057.64-$48,635.84 (CoinDesk 20) BTC above its 10-hour and… Source link

The bitcoin price hit a record high on Thursday after two major US financial institutions announced new cryptocurrency projects, edging digital assets closer to mainstream use in ordinary purchases and as an investment. Mastercard said on Wednesday that later this year it would begin moving cryptocurrencies directly across its card payments network. Previously, the company had only worked with crypto wallets and exchanges to move funds after they had been converted from… Source link

Litecoin price is currently contained inside a symmetrical triangle pattern on the 1-hour chart. The pattern is on the verge of a breakout above $200, favored by technicals. Whales have bought a lot of Litecoin in the past three days. Litecoin price topped out at $193 and was unable to crack the previous high of $195. The digital asset is trading inside a tightening range and it’s on the verge of a 15% move, most likely to the upside according to various… Source link