Bitcoin has surged this week, climbing after Tesla TSLA chief executive Elon Musk gave the cryptocurrency a tacit endorsement. Musk sent the bitcoin price sharply higher as a long-running battle between bullish retail traders organised via Reddit’s WallStreetBets forum and Wall Street hedge funds that have long been shorting GameStop shares reached its climax—with regulators and brokerages trying to calm frantic markets with heavy-handed restrictions. Now, data has revealed… Source link

There was a clash between the suits and the bitcoiners last week- already forgotten, due to the events rapidly overtaking everyone this week. Last week, both Christine Lagarde and Janet Yellen were taken to task for comments suggesting that bitcoin is a vehicle for money laundering, payments for ransomware, for pedophilia, for all manner of unsavory activity. The crypto contingent was baying for their blood suggesting that about 3% to 4% of all fiat transactions fuel money laundering and all… Source link

Ethereum Ethereum rose by 3.47% on Friday. Following on from a 7.46% rally on Thursday, Ethereum ended the day at $1,379.87. A mixed start to the day saw Ethereum fall to an early morning intraday low $1,286.56 before making a move. Steering clear of the first major support level at $1,248, Ethereum rallied to an early afternoon intraday high $1,442.88. Ethereum broke through the first major resistance level at $1,391, before a late pullback. Coming within range of the second major resistance… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Litecoin‘s price was forming lower highs on the charts, suggesting the end of an uptrend in the medium-to-long term. However, in this lower high set up, the price formed a bullish pattern. A bounce/close above a critical level would point to a 10% to 20% surge on the horizon for the cryptocurrency. Litecoin 4-hour chart Source: LTCUSD on TradingView After… Source link

Ripple demands Bitcoin and Ethereum docs from SEC amid legal fight | Fortune … Source link

Bitcoin and Litecoin prices are rising today, helped by the rising market demand for risky assets. The BTC price has jumped by more than 14% to the current $36,820 while the LTC price has jumped by more than 8%. Other digital currencies like Ethereum and Ripple prices have also jumped. Cryptocurrencies are rising because of the ongoing hype in the market that has been fueled by interactions in platforms like Reddit and Discord. This hype has pushed risky… Source link

TipRanks Time to Turn Bullish on These 2 Oil Stocks, Says Raymond James We are entering a new paradigm for the oil and gas industry, one far removed from the Trump Presidency’s pro-drilling policies. The Biden Admin is likely to cut back on oil and gas production in the US, in favor of promoting renewable energy sources and carbon pollution reduction. In the short run, his policies are likely to push oil and gas prices up – and that may turn out to help the hydrocarbon sector, at least at… Source link

Elon Musk, the billionaire founder of Tesla TSLA who’s ridden the electric car-marker’s soaring share price toward to the top of the world’s rich lists this year, has boosted the price of bitcoin. The bitcoin price, after dipping under $30,000 per bitcoin this week, suddenly leaped 20% higher after Musk changed his Twitter bio to “#bitcoin” and posted: “In retrospect, it was inevitable.” MORE FROM FORBESEx-Goldman Sachs CEO Issues Serious Bitcoin Warning Amid Price Crash FearsBy

Ethereum Ethereum rallied by 7.46% on Thursday. Partially reversing a 9.28% slide from Wednesday, Ethereum ended the day at $1,333.61. A mixed start to the day saw Ethereum fall to an early morning intraday low $1,220.08 before making a move. Steering clear of the first major support level at $1,173, Ethereum rallied to a late intraday high $1,363.27. Ethereum broke through the first major resistance level at $1,343, before easing back to end the day at sub-$1,340 levels. At the time of writing,… Source link

Source: Adobe/epic_images Yesterday, it was the 33rd largest cryptoassets by market capitalization, today – it’s 7th. Created as a joke in 2013, dogecoin (DOGE), can’t stop its Wallstreetbets ignited super rally and is going parabolic for the second day now. At the time of writing (05:26 UTC), DOGE trades at USD 0.0724 and is up by 502% in a day and 787% in a week. It skyrocketed by 1,554% in a month and 2,970% in a year, per Coingecko.com data. DOGE price chart: Source: Source link