Bitcoin set another all-time high above $48,000 today. (Photo illustration by Chesnot/Getty Images) Getty Images Bitcoin has been flying high today, surpassing $48,000 this morning and soaring to its latest record price. The digital currency reached as much as $48,316.82 at roughly 11 a.m. EST, according to CoinDesk data. At this point, the cryptocurrency was up approximately 67% in 2021, additional CoinDesk figures reveal. The digital asset proceeded… Source link

The price of Ether (ETH), the native cryptocurrency of Ethereum, has been stagnating against Bitcoin in recent days after a strong few weeks against BTC. In the past few weeks, ETH and BTC have shown some inverse correlation as ETH rallied strongly when BTC consolidated, and vice versa. ETH/BTC 15-minute price chart (Binance). Source: TradingView.com So why is ETH struggling at the moment? In the last several hours, Bitcoin has seen a decent rally after BNY Mellon said it would begin offering… Source link

The company announced late Wednesday that it will support “select cryptocurrencies” directly on its network at some point later this year. “Our philosophy on cryptocurrencies is straightforward: It’s about choice,” Raj Dhamodharan, an executive vice president at Mastercard, wrote in a post late Wednesday. “Mastercard isn’t here to recommend you start using cryptocurrencies. But we are here to enable customers, merchants and businesses to move digital value — traditional or crypto —… Source link

Bitcoin’s options market is assigning a low probability of prices rising above $100,000 this year despite widespread expectations for a meteoric rally in the wake of Tesla’s recent purchase of the top cryptocurrency.  At press time, the options market is pricing 12% odds of the cryptocurrency trading in seven figures before the end of December, according to data source Skew. The probability of a break above $70,000 is around 21%.  “With the extreme volatility of the past two months,… Source link

Photo illustration by Chesnot/Getty Images The price of bitcoin rose by as much as 3% on Thursday after Elon Musk posted a vague tweet with a reference to dogecoin and an image of a crypto-themed ring. The digital asset rose by $2,000 to trade around $46,102.22 by 10:55 a.m. GMT, after it was stuck around $43,800 the previous day. In his tweet, Musk said: “Frodo was the underdoge, All thought he would fail, Himself most of all,” seemingly in a reference to the Lord of the Rings… Source link

Long-considered the Holy Grail of retail crypto investment, a U.S.-listed bitcoin ETF may be on the horizon, supported by a confluence of factors, including a new administration and securities watchdog, as well as the rapid institutional adoption of bitcoin itself. “My guess is we get an ETF this year,” says Mike Novogratz, Galaxy Digital founder and CEO. “Right now, the next-best thing is the Grayscale Trust.” Novogratz is referring to the suite of exchange traded products (ETPs)… Source link

Janet Yellen has previously warned about the illegal use of cryptocurrencies like bitcoin Jacquelyn Martin/AP US Treasury Secretary Janet Yellen has called the “misuse of cryptocurrencies” such as bitcoin a growing problem, in a sign that policymakers are increasing their scrutiny of digital assets. Yet the Treasury Secretary – who took up her post in January – also said she saw “the promise” of cryptocurrencies, in opening remarks at the Treasury’s innovation policy… Source link

Finance Redefined is Cointelegraph’s DeFi-centric newsletter, delivered to subscribers every Wednesday. It seems that this week, finally, the community has had enough of Ethereum’s gas fees. That is obviously a bit of hyperbole, as gas fees are high precisely because people are willing to pay such a premium for Ethereum block space. But we’re seeing a kind of “applied trickle-down economics,” where a few brave degens are venturing outside to see what else exists in the world. The effect… Source link

Litecoin price is hovering near its year-to-date high as demand for cryptocurrencies continues to rise. The LTC is trading at $185, which is slightly below the YRD high of $187 and 52% below the all-time high of $360. Litecoin price prediction  The Litecoin price has been in a strong rally in the past few months. In fact, the price has surged by more than 630% from its lowest level in 2020. This has brought its total market cap to more than $12… Source link

An employee wearing a protective face mask inspects Sapphire Technology Ltd. AMD graphics processing units (GPU) at the Evobits crypto farm in Cluj-Napoca, Romania, on Wednesday, Jan. 22, 2021. The world’s second-most-valuable cryptocurrency, Ethereum, rallied 75% this year, outpacing its larger rival Bitcoin. Photographer: Akos Stiller/Bloomberg Bitcoin is largely hanging onto gains… Source link