Yearly Archives: 2021

Crypto comeback: Bitcoin bounces back after brutal selloff | Crypto News

Black Friday came to cryptocurrencies last week when Bitcoin posted its roughest day in two months. But by Monday things were looking up. Bitcoin is staging a comeback along with other riskier assets on Monday, bouncing back from its Black-Friday lows. The largest digital asset rose as much as 3.4% during the session to trade around $58,266. Other coins also posted snap-backs, with the Bloomberg Galaxy Crypto Index adding 5.5% at one point. So-called alternative coins like Polkadot and… Source link

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2 reasons why bitcoin’s rally stalled in November and why the weakness may continue, according to JPMorgan | Currency News | Financial and Business News

Bitcoin balloon. Andriy Onufriyenko Bitcoin has stumbled in November, falling as much as 12% and reversing October’s strong rally. Bitcoin’s price decline can continue into year-end as crypto positioning remains overbought, JPMorgan said in a note last week. These are the two reasons why the crypto rally stalled in recent weeks, according to JPMorgan. Bitcoin’s 27% rally in October reversed in November, with the cryptocurrency falling as much as 12% this month amid a risk-off period for… Source link

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Litecoin Could Rise as AMC Starts Accepting the ‘Silver’ of Crypto

Litecoin (CCC:LTC-USD), known as the silver to Bitcoin’s (CCC:BTC-USD) gold, is slowly gaining acceptance as a method of payment in online commerce. This is because as more institutions accept Bitcoin for payment they tend to include Litecoin in the same vein. As a result, LTC-USD is slowly gaining value as a valid transactional cryptocurrency. Source: Shutterstock In the last five months, LTC-USD bottomed out on July 20 at $107.40 but has since rebounded to $192.04 as of… Source link

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Litecoin Could Rise as AMC Starts Accepting the ‘Silver’ of Crypto

You’re reading Entrepreneur United States, an international franchise of Entrepreneur Media. This story originally appeared on InvestorPlace InvestorPlace – Stock Market News, Stock Advice & Trading Tips Investorplace.com – InvestorPlace Litecoin (CCC:LTC-USD), known as the silver to Bitcoin’s (CCC:BTC-USD) gold, is slowly gaining acceptance as a method of payment in online commerce. This is because as more institutions… Source link

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Ethereum Price Prediction – Avoiding sub-$4,200 Would Gives the Bulls a Look at $5,000…

At the time of writing, Ethereum was up by 0.14% to $4,305. A bullish start to the day saw Ethereum rise to an early morning high $4,377 before sliding to a late morning low $4,282. In spite of the early moves, Ethereum fell short of the first major resistance level at $4,418 while also avoiding the first major support level at $4,065. For the Afternoon Ahead Ethereum would need to avoid the day’s $4,184 pivot to bring the first major resistance level at $4,418 back into play. Plenty of support… Source link

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Could Shiba Inu and Ethereum Still Be Millionaire-Makers?

Want to know two amounts that just might blow you away? Here they are — $2.07 and $675.67. To be blown away, though, you need to understand the context. If you had invested only $2.07 one year ago in Shiba Inu (CRYPTO:SHIB) and held on to your coins, you’d now have $1 million based on the trading price at the time of this writing. To have that cool million with Ethereum (CRYPTO:ETH), you would have needed to buy $675.67 of the coins in July… Source link

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Invesco enters crypto ETP space with bitcoin launch

Deepens partnership with CoinShares Invesco is taking its first steps in the cryptocurrency exchange-traded product (ETP) space in Europe with the launch of a bitcoin strategy. The Invesco Physical Bitcoin ETP (BTIC) is listed on the Deutsche Boerse with a total expense ratio (TER) of 0.99%.  Physically-backed, BTIC tracks the CoinShares Bitcoin Hourly Reference Rate index to deliver the price performance… Source link

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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 29th, 2021

Ethereum Ethereum rallied by 4.88% on Sunday. Following a 1.35% gain on Saturday, Ethereum ended the week up by 0.83% to $4,298. After mixed morning, Ethereum slid through the first major support level at $4,024 to a late afternoon intraday high $3,950. Finding support at the second major support level at $3,950, Ethereum rallied to a late intraday high $4,303.35. Ethereum broke through the first major resistance level at $4,180 and the second major resistance level at $4,261 to end the day at… Source link

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ETH Resistance at $4350 Intact, Will Bulls Step Back In Soon?

Key Support levels: $4,000 Key Resistance levels: $4,350, $4868 (ATH) ETH failed to chart any meaningful gains throughout the week as bears intercepted all attempts at a rally and managed to bring the price back towards the $4,000 support on a few occasions. This price action shows that bulls don’t appear ready to push above the $4,350 resistance, and bears are seemingly in control of the momentum, at least for the short term. Until $4,350 is flipped into support, bulls… Source link

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