Bitcoin (BTC), the largest cryptocurrency, was down for a second straight day, pushing toward the lower end of the range between $34,000 and $40,000 where prices have traded for the past couple weeks.  Ether (ETH), the second-biggest cryptocurrency, retreated after surging on Tuesday to a new all-time high price of $1,439. (Our Market Moves column, below, looks at the significance of this milestone. See also the latest issue of CoinDesk’s Valid Points newsletter by our colleagues… Source link

What is the intrinsic value of ether?  This is a question I’ve been wrestling with this past week as the ether price set a new all-time high of $1,439.33, according to CoinDesk’s price index. Similar to how many view the current bitcoin price bull run as being credibly different from previous cycles for reasons to do with greater institutional involvement and mainstream interest, among other reasons, I get the sense that the valuation of ether by investors is being looked at this time… Source link

Janet Yellen expressed concern about cryptocurrencies like Bitcoin, which have surged in price Andrew Harnik/ASSOCIATED PRESS Treasury secretary nominee Janet Yellen has suggested lawmakers should “curtail” the use of cryptocurrencies such as Bitcoin, saying she is concerned that they are “mainly” used for illegal activities. Her comments come amid a surge of interest in Bitcoin, with its price soaring around 300% in the last year. The Bitcoin price was last down 7.59% to… Source link

Litecoin holds above crucial support as bulls-eye liftoff to $200. Support at $145 remains key to the uptrend; otherwise, if broken, LTC may retreat to $120. Litecoin has been grinding higher since the recent breakdown to $110. Recovery was very consistent, but Litecoin failed to hold above $160, let alone clear the resistance at $170. If its current critical support at $145 remains intact, Litecoin might spike toward $200. Litecoin is on the verge of a breakout to… Source link

Ethereum Ethereum rallied by 8.70% on Tuesday. Following on from a 2.10% gain on Monday, Ethereum ended the day at $1,368.04. A mixed start to the day saw Ethereum fall to an early morning intraday low $1,252.01 before making a move. Steering clear of the first major support level at $1,207, Ethereum rallied to a mid-day intraday high and a new swing hi $1,440.00. Ethereum broke through the day’s major resistance levels before a pullback to sub-$1,330 levels. The pullback saw Ethereum fall back… Source link

Senate Finance Committee WILMINGTON, DELAWARE – DECEMBER 01: U.S. Secretary of the Treasury nominee Janet Yellen speaks … [+] during an event to name President-elect Joe Biden’s economic team at the Queen Theater on December 1, 2020 in Wilmington, Delaware. (Photo by Alex Wong/Getty Images) Getty Images Speaking at a Senate Finance Committee hearing today, Janet Yellen, President-elect Joe Biden’s pick for Secretary of the Treasury, stated… Source link

Ethereum, the world’s second biggest cryptocurrency by value after bitcoin, has broken fresh ground today for the first time since early 2018. The ethereum price, traded as the digital token ether, usually moves in tandem with the bitcoin price—but has surged higher over the last week as bitcoin trades sideways (though some smaller cryptocurrencies have made far larger gains). Ethereum’s huge rally, that’s seen it climb almost 300% since bitcoin and other cryptocurrencies broke out in… Source link

Trading action in the bitcoin market slowed Tuesday while ether’s price broke new ground. Bitcoin (BTC) trading around $36,483 as of 21:00 UTC (4 p.m. ET). Climbing 0.85% over the previous 24 hours. Bitcoin’s 24-hour range: $36,029-$37,876 (CoinDesk 20) BTC below the 10-hour but above the 50-hour moving averages on the hourly chart, a sideways signal for market technicians. Bitcoin trading on Bitstamp since Jan. 15.Source: TradingView The price of bitcoin stayed in a fairly tight range… Source link

Litecoin price seems to have hit a strong resistance level. The digital asset could be poised for a short-term correction although it has a lot of support below. Litecoin hit a high of $185 on January 10 and has been consolidating since then. The digital asset hasn’t really benefited from Ethereum’s breakout in the past few days and continues slowly climbing towards the last high. Litecoin price faces short-term pressure On the 4-hour chart, the TD Sequential… Source link

Little more than a month after launching, the Ethereum 2.0 blockchain now holds 2.7 million Ether (ETH), worth $3.8 billion. The combination of the Ether price rally and an ever increasing amount of stakers have propelled the Ethereum 2.0 blockchain to become the third largest blockchain by staked funds. This is an increase of more than 1 million ETH since Cointelegraph’s last progress report on Dec. 18. Since then, Ethereum surpassed Tezos (XTZ) but is still lagging behind both Polkadot… Source link