Bitcoin’s recovery from Monday’s low is gathering pace, with the options market pricing in a double-digit probability of an above $50,000 by the month-end. The leading cryptocurrency by market value is currently trading at $38,300, representing a nearly $4,000 or 11% gain on a 24-hour basis, according to CoinDesk 20 data. The price bounce has erased a significant chunk of losses observed earlier this week. Bitcoin dropped from $40,000 to $30,305 on Monday on heavy selling in the spot… Source link

The world of cryptocurrency is dominated by the entity which started it all: Bitcoin. It is the oldest, most valuable, and best known digital currency by a distance.  The number two by all these measures is Ethereum. Its value has actually risen faster in recent times but it does not receive anywhere near the same attention as Bitcoin.   Ether, the coin which powers the Ethereum network, has soared almost sevenfold in the last 12 months and is now valued at north of $1,000. So how does… Source link

Photographer: Andrey Rudakov/Bloomberg Bitcoin investors are having a wild ride. The best-known cryptocurrency quadrupled in price in late 2020 -– a surge reminiscent of its heyday three years earlier, when it rocketed to nearly $20,000, then crashed and lost more than two-thirds of its value. Once seen as the province of nerds, libertarians and drug dealers, there’s still little sign… Source link

Cardano Price Forecast: ADA battles this crucial barrier for the ultimate liftoff to $0.4 Cardano is among the altcoins that have recorded double-digit gains over the last 24 hours. The price action must have followed Bitcoin’s surge above $37,000. ADA is trading at $0.31 after accruing over 10% in gains. The main aim is to bring down the resistance at $0.32 while focusing on the rest of the journey to $0.4.   Zcash price could be on the verge of a correction as… Source link

Regulators are sharpening their focus on bitcoin and its use in the international financial system after the value of the digital currency raced higher in a volatile rally that fed concerns over its lack of robust oversight by financial watchdogs. Both the UK’s Financial Conduct Authority and the president of the European Central Bank highlighted the need for more stringent regulatory scrutiny for cryptocurrencies this week, noting the extreme volatility and criminal… Source link

Ethereum Ethereum rallied by 7.65% on Wednesday. Reversing a 3.56% loss from Tuesday, Ethereum ended the day at $1,130.80. A bearish start to the day saw Ethereum fall to an early morning low $980.00 before making a move. Finding support at the first major support level at $988, Ethereum rallied to a late intraday high $1,137.75. Ethereum broke through the 23.6% FIB of $1,051 to wrap up the day at $1,120 levels. The first major resistance level at $1,131 pinned Ethereum back late in the day. At… Source link

(Photo by Nicolas Economou/NurPhoto via Getty Images) NurPhoto via Getty Images Since the start of the pandemic, bitcoin has enjoyed a dramatic bull run. With its impressive gains, old talk has resurfaced about how it will become a new global currency and supplant the dollar’s dominance. If one listens to the younger enthusiasts, it will also bring world peace and even the much sought-after goal of economic equality. That last statement might exaggerate… Source link

Bitcoin is making gains, though much of the day saw the cryptocurrency in a holding pattern. Meanwhile, a quarter of ether options are expiring in March, meaning traders are making some bets on the first fiscal quarter of 2021. Bitcoin (BTC) trading around $36,286 as of 21:00 UTC (4 p.m. ET). Gaining 5.5% over the previous 24 hours. Bitcoin’s 24-hour range: $32,463-$36,552 (CoinDesk 20) BTC above the 10-hour and 50-hour moving averages on the hourly chart, a bullish signal for market… Source link

Bitcoin golden physical coin illustration on United States Dollar banknotes. Visual representations … [+] of the digital Cryptocurrency Bitcoin with the USD bill. Bitcoin with the symbol BTC, XBT is a popular digital currency that showed growth and is widely spread, accepted from banks, markets and other services and shops as ways of payments. The exchange rate today for 1 bitcoin blockchain is 34.588 US Dollar. On January 7, 2021 Bitcoin’s price crossed 40,000 for… Source link

Litecoin price is currently bounded inside a symmetrical triangle pattern on the 1-hour chart. The digital asset looks poised for a breakout that would push it by 16%. Litecoin has been under consolidation for the past two days and has formed a symmetrical triangle pattern on the 1-hour chart. The digital asset looks primed for a massive 16% breakout towards $166. Litecoin price needs to crack $142 to see $166 LTC is currently trading just below a critical resistance level at $142… Source link