Elon Musk, the billionaire chief executive of electric car-maker Tesla TSLA , has said he thinks the soaring cryptocurrency bitcoin is on “the verge” of breaking into traditional finance. Musk, who revealed last month he is open to being paid in bitcoin, made the comments during a wide-ranging interview on the app Clubhouse that also covered manned missions to Mars and Musk’s implantable brain–machine interface Neuralink. MORE FROM FORBESData Reveals Bitcoin Could Be About To… Source link

Ethereum Ethereum fell by 4.79% on Sunday. Following a flat day on Saturday, Ethereum ended the week down by 5.75% to $1,313.94. A mixed start to the day saw Ethereum rise to an early morning intraday high $1,382.00 before hitting reverse. Falling short of the first major resistance level at $1,417, Ethereum slid to a late afternoon intraday low $1,283.00. Ethereum fell through the first major support level at $1,335 and the second major support level at $1,290. Finding late support, however,… Source link

Bitcoin, BTC to USD, fell by 3.48% on Saturday. Reversing a 0.17% gain from Saturday, Bitcoin ended the week up by 2.51% to $33,138.0. A mixed start to the day saw Bitcoin rise to an early morning intraday high $34,407.0 before hitting reverse. Falling short of the first major resistance level at $35,238 Bitcoin fell to a late afternoon intraday low $32,228.0. Bitcoin fell through the first major support level at $33.136 and the 23.6% FIB of $33,008. Finding late afternoon support, Bitcoin… Source link

A new bill listed for introduction in Parliament seeks to bar all private cryptocurrencies in India. It comes nearly a year after the Supreme Court quashed a Reserve Bank of India ban on crypto-related payments. Mint decodes what the bill means for crypto investors. How does fiat money compare to crypto? Traditional currency is maintained in paper or metal form, such as notes and coins, or in electronic form in account entries made by banks. Cryptocurrency is… Source link

Despite a tumultuous 2020, the stock market ended the year substantially higher. The benchmark S&P 500 finished up by 16%, which is nearly double the index’s average annual return over the past 40 years. But this gain pales in comparison to what bitcoin has been able to deliver for its investors. Last year, the world’s largest cryptocurrency by market cap more than quadrupled. Meanwhile, over the trailing five-year period, it’s gained better than… Source link

Litecoin failed to rise above its 200-SMA and traded close to its support at $130. Tron seemed to be under a correction as prices cooled off after touching a local high. Elrond snapped yet another all-time high, but the indicators pointed towards a bearish pullback. Litecoin [LTC] Source: LTC/USD, TradingView Litecoin was unable to break above its 200-SMA (green) and the price moved lower towards $130 support at the time of writing. In fact, the bearish cycle barely showed any signs of a… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The Monero market like most altcoin markets remained largely unaffected by Bitcoin’s price activity yesterday, and despite a small drop it remained above its crucial support. Although there has been a development of a bearish trend, the XMR’s value is holding the $137.33 price level, at the time of writing. Monero one-hour chart Source: XMRUSD on… Source link

Bitcoin’s demand may fluctuate, but supply is known. getty From the “Double Spend” scare of January 20, 2021 to the flight to the relative safety of cryptocurrency’s decentralized trading platform on January 30, 2021, a ten day window in the life of Bitcoin illustrates the power of fixed supply versus variable demand on prices. When rumors surfaced of a possible glitch in the blockchain system supporting Bitcoin, buying interest in the megacrypto… Source link

Litecoin Falls 11% In Bearish Trade Investing.com – was trading at $129.691 by 07:39 (12:39 GMT) on the Investing.com Index on Saturday, down 11.39% on the day. It was the largest one-day percentage loss since January 21. The move downwards pushed Litecoin’s market cap down to $8.610B, or 0.87% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $14.099B. Litecoin had traded in a range of $128.033 to… Source link