One of the major investing themes coming out of 2020 is the soaring price of bitcoin (CCC:BTC). However, the cryptocurrency slid as much as 21% over a two-day period to as low as $32,389. Since the start of the novel coronavirus pandemic, it’s the biggest two-day drop, wiping off nearly $140 billion in total market capitalization. image of bitcoin to represent cryptocurrency stocks Source: Shutterstock In a nutshell, investors reacted to the stronger dollar and growing political… Source link

Frequently known as the silver to bitcoin’s (CCC:BTC) gold, the time may be right for investors to invest in litecoin (CCC:LTC). One of the oldest altcoins, litecoin has jumped over 85% since Dec. 10. But unlike other times when crypto values have surged, this time may be different. Source: Shutterstock For a brief moment in early January, the value of the cryptocurrency market topped $1 trillion. Not surprisingly much of the attention has been on the value of bitcoin. And that… Source link

(c) Leowolfert | Dreamstime.com The origin of blockchain dates back to 1991, when researchers Stuart Haber and W. Scott Stornetta outlined a system to document timestamps that could not be altered. However, it is most widely known as the underpinning of Bitcoin, introduced to the tech world when Bitcoin’s pseudonymous creator, Satoshi Nakamoto, referred to it as “a new electronic cash system that’s fully peer-to-peer, with no trusted third party.” Soon after… Source link

(EDITOR’S NOTE: First Mover will not publish Monday, Jan. 18, in honor of Martin Luther King Jr. Day in the U.S., a CoinDesk company holiday. The cryptocurrency market will be open, as it always is.)  Bitcoin (BTC) was lower, trading around the $38,000 level where prices have gravitated for the past week.   The market faces price resistance around $41,000, with support seen around $34,000, Mark Warner, head of trading for London-based BCB Group, a financial firm focused on digital assets,… Source link

IT worker James Howells got rid of the drive, which held a digital store of 7,500 bitcoins, between June and August in 2013. He had originally mined the virtual currency four years earlier when it was of little value. But when the cryptocurrency shot up in value and he went in search of it, he discovered that he had mistakenly thrown the hard drive out with the trash. Now, with his lost bitcoin having soared even further, Howells has approached Newport City Council in Wales to ask for… Source link

Interested in ETFs? Visit our ETF Hub for investor news and education, market updates and analysis and easy-to-use tools to help you select the right ETFs. Investors have raced to buy and sell bitcoin-linked securities on both sides of the Atlantic, with one German exchange traded product garnering trading volumes matching Europe’s most popular funds. BTCetc Bitcoin Exchange Traded Crypto (BTCE) has recorded average daily trading amounting to €57m in the first 11 days of… Source link

The Litecoin (LTC) price has increased significantly so far in January but was recently rejected by a long-term resistance level at $186. While it is possible that Litecoin is still in a corrective phase, another upward move is expected that could take LTC toward $225.   Long-Term Litecoin Levels Litecoin has been decreasing since Jan. 10, after reaching a high of $185.83. The high coincided with the 0.5 Fib retracement level measuring from the all-time high of $370,… Source link

Analysts predict that plummeting Ethereum (ETH) reserves on centralised exchanges could help ETH price soar to $3k in weeks ETH currently trades above $1,200, posting a bullish outlook given its recent dip to lows of $900. Although the cryptocurrency’s all-time high (ATH) of $1,432 remains elusive, some analysts are now saying that the next bullish impulse for Ethereum could see ETH/USD value more than double. This is the view of one analyst, who says ETH could jump to $3k within weeks… Source link

As the cryptocurrency market is showing signs of bullish continuation on Jan. 15, Raoul Pal, the CEO of Real Vision Group and an avid Bitcoin (BTC) investor, is optimistic about the price of Ether (ETH). Pal  also says he’s looking to add “higher risk alts.” ETH/USDT 4-hour price chart (Binance). Source: TradingView.com Is an altseason coming? Following Bitcoin’s rally above $42,000, many alternative cryptocurrencies, or altcoins, have indeed performed strongly, which is historically in… Source link

Litecoin price is under pressure today after rallying by more than 5% yesterday. LTC is down by more than 3% and is trading at $147.90, which is slightly lower than yesterday’s high of $157. Other cryptocurrencies like Bitcoin, Ethereum, and Bitcoin Cash are slightly below their highest points yesterday. What’s happening: Like all digital currencies, Litecoin price has had an eventful week. Early this week, its price dropped to a low of $110 due to the overall sell-off in… Source link