Monero price is crawling back after it dropped by more than 26% in the past few days. The XMR price is trading at $140, which is slightly higher than last week’s low of $123. Other cryptocurrencies have also risen, bringing the total market cap to more than $987 billion. Good news for Monero? Monero price has wavered recently even after some good news for the leader in privacy transactions. During her testimony last week, Janet Yellen said that her… Source link

Bitcoin Bitcoin, BTC to USD, slid by 9.97% in the week ending 24th January. Following on from a 6.02% decline from the previous week, Bitcoin ended the week at $32,320.0. A mixed start to the week saw Bitcoin rise to a Tuesday intraweek high $37,936.6 before hitting reverse. Falling well short of the first major resistance level at $40,389, Bitcoin slid to a Friday intraweek low $28,989.0. The sell-off saw Bitcoin fall through the 23.6% FIB of $33,008 and the first major support level at… Source link

Maybe it’s just that winter is dragging on, but I find myself getting increasingly irritated with mainstream reports about Bitcoin that say it was a result of the financial crisis.  It wasn’t, and that matters. First, let’s look at why it wasn’t, and then I’ll explain why this misunderstanding bothers me. Bitcoin’s pseudonymous creator Satoshi Nakamoto started working on the Bitcoin white paper in early 2007, over a year before the financial crisis hit mainstream markets. In early… Source link

Disclaimer: The findings of the following analysis is the sole opinion of the writer and should not be taken as investment advice Litecoin has traded within a range since late December and approached the mid-point of the range. Technical indicators showed that the momentum has not quite flipped bullish for LTC, meaning that the reaction of the price at the $149 level will be of paramount importance. Litecoin 12-hour chart Source: LTC/USD on TradingView The range between $123 and $180 was… Source link

During the second half of 2020, we saw a growing interest in cryptocurrencies from institutional investors and big capital. However, all the attention of the whales, as well as all the attention of the public, was fixed on Bitcoin (BTC). Today, we will look at why Ether (ETH) is a more attractive asset and why this cryptocurrency should become the “first cryptocurrency” for every investor. Let’s start with the numbers: ETH’s growth since its March 2020 low after the coronavirus-induced… Source link

The major cryptocurrencies in the market have been consolidating but in most markets, bullish trends have been overtaken by bearish ones. Major cryptocurrencies like Chainlink [LINK], Monero [XMR], and BitTorrent [BTT] have been currently noting rising pressure from the sellers. Source: CoinStats Meanwhile, for the world’s largest cryptocurrency – Bitcoin, the past 24-hours saw the price increase by a negligible 0.8 percent and currently trades at $32,144 at press time. Chainlink… Source link

A small toy figure and representations of the virtual currency Bitcoin stand on a motherboard in this picture illustration Reuters Bitcoin fell back below the $32,000 support level on Sunday as the cryptocurrency’s trading range narrowed further. The token has steadily fallen from its early-January highs as experts warn of a market bubble and investors secure profits. Still, prices sit roughly 11% higher year-to-date and some analysts expect the cooling volatility to… Source link

advertisement LTC/USDT Daily Chart Advertisement Chart by Tradingview Perceiving LTCUSDT’s chart, price action is current trading under a key Daily S/R level that needs to be breached for a bullish bias to be valid. Price action has deviated from its swing high with a strong bearish expansion into a liquidity run. Tapping the mid Weekly S/R validated an S/R Flip Retest of the level, this confirmed price action acceptance as price is trading above the current… Source link

Until recently, as an investment, bitcoin has had unique and pronounced risks, but that’s changing, with new rules and regulations that have spurred wider institutional adoption. Throughout its 12-year history, the world’s most valuable cryptocurrency has faced extreme volatility, with prices rising and falling as much as 10% on any given day — reaching an all-time high of more than $41,000 earlier this month. Beyond wild price swings, bitcoin also has structural issues that most asset… Source link

Despite a tumultuous 2020, one investment stood head and shoulders above all others: bitcoin. The largest cryptocurrency in the world by market cap has more than quadrupled in value over the trailing-12-month period through Jan. 17. It’s up a cool 9,310% over the trailing five years. Bitcoin blows pretty much all other equity investments out of the water, in terms of total return, since the beginning of 2016. Bitcoin enthusiasts continue to point to its scarcity — a maximum of 21… Source link