The price of Ether (ETH), the native cryptocurrency of the Ethereum blockchain network, has been soaring since the beginning of the new year. What’s more, it has outperformed Bitcoin (BTC) since Jan. 1, gaining roughly 81% compared to Bitcoin’s 26% in their respective USD pairs year-to-date. Bitcoin, Ether YTD performance. Source: Digital Assets Data There are three main reasons why ETH has been outpacing BTC throughout the past several days. The factors are Ethereum’s accelerating growth,… Source link

The daily volume of transactions on the Ethereum (ETH) network is now 28% greater than on Bitcoin (BTC), according to crypto analytics firm Messari. On Jan. 19, Messari’s Ryan Watkins tweeted that Ethereum’s daily transaction volume “is going parabolic” alongside a chart indicating that Ethereum and Ethereum-powered stablecoins have processed $12.3 billion in transactions over the past 24 hours — dwarfing Bitcoin and Omni-based USDT’s $9.3 billion. Ethereum’s daily transaction… Source link

Ethereum Ethereum rose 2.10% on Monday. Following on from a 0.43% gain on Sunday, Ethereum ended the day at $1,258.48. A mixed start to the day saw Ethereum rise to an early morning high $1,247.22 before hitting reverse. Falling short of the first major resistance level at $1,279, Ethereum slid to an early morning intraday low $1,181.90. Steering clear of the first major support level at $1,176, Ethereum rallied to a late intraday high $1,261.00. Falling short of the first major resistance level… Source link

Bitcoin (BTC) continues to trade in a tightening range within a pennant pattern and while the price has moved above the 20-day moving average, it’s clear that the bulls and bears are fighting over the direction the digital asset will take.  Data from Cointelegraph Markets and TradingView show that BTC traded in a range between $34,955 and $37,850 over the weekend but traders buying each dip appear to be doing so with less bullish conviction. Daily cryptocurrency market performance. Source: Source link

The Guardian’s UK technology editor, Alex Hern, talks to Rachel Humphreys about the cryptocurrency bitcoin, which allows people to bypass banks and traditional payment methods. It uses a blockchain – a shared public record of transactions – to create and track a new type of digital token, one that can only be made and shared according to the agreed-upon rules of the network. At its heart bitcoin is a big database of who owns what, and what transactions were made between those owners…. Source link

Bitcoin, after roaring through December and into the new year, has suddenly stalled. The bitcoin price topped $42,000 per bitcoin earlier this month, double its 2017 high, but has struggled maintain its momentum, dropping to around $36,000 (even as smaller cryptocurrencies make massive gains). Now, as bitcoin trades sideways, analysts at Wall Street giant JPMorgan JPM have warned there could be an investor exodus unless bitcoin reclaims its $40,000 highs. MORE FROM FORBESBiden… Source link

TipRanks These 3 “Strong Buy” Stocks Are Top Picks for 2021, Say Analysts Some traditions are too time-honored to shirk, and on Wall Street, the annual ‘top picks’ are one. Usually made at the very end or very beginning of a year, the Street’s analysts publish reviews on the stocks they believe will show the best performance in coming months – their top picks. The analysts have been analyzing each stock carefully, looking at its past and current performance, its trends on a variety… 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 performed quite well in December, and at the time of writing, it was trading at $140, which is a 100% increase in comparison to the $70 low it registered the previous month. LTC formed a range from $123.6 to $180 over the past two weeks. The mid-point at $150 has been an important area over the past few days, but LTC dipped below it and could be… Source link

Share Tweet Share Share Email Cryptocurrency contract trading has been around for almost a decade now, Litecoin being one of the top 7 ranking cryptocurrency can be traded using The Bityard contract trading, spot exchange and copy trade just like… Source link

The Bitcoin price has risen more than 300% in a year, driving people towards options and other products KTSDESIGN/SCIENCE PHOTO LIBRARY/Getty Images A record $3.7 billion worth of Bitcoin options are set to expire on January 29, as speculation ramps up following the recent volatility in the cryptocurrency’s price and growth in interest in its derivatives. On Monday morning, open options contracts were worth around 245,700 Bitcoin – or roughly $9.1 billion – according to… Source link