Dado Ruvic/Reuters People could “lose all their money” if they invest in cryptocurrencies such as Bitcoin, the UK’s financial watchdog said on Monday. Bitcoin hit an all-time high of almost $42,000 on Friday but has since fallen to about $35,000. Regulators are increasingly concerned about cryptocurrencies such as Bitcoin and are paying more attention to digital assets. Visit Business Insider’s homepage for more stories. People who invest in cryptocurrencies could well “lose all… Source link

Photo illustration of visual representations of digital cryptocurrencies Yuriko Nakao/Getty Images Bitcoin slid as much as 21% overnight, under pressure from investor risk aversion that also undermined equities, while the dollar rallied. The possibility of a second impeachment for Donald Trump, led by the Democrats, encouraged safe-haven flows into the dollar, which rose to two-week highs. Bitcoin fell to a one-week low, but was still up about 25% in value so far this… Source link

ETH/USD rose to highs of $1,352 before sell-off pressure pushed it to a major support level at $1,000 Ethereum (ETH) corrected to the $1,000 support level, losing the upside momentum that had brought bulls so close to a new all-time high. Before correcting, ETH/USD had surged by about 89% since 2 January, reaching highs of $1,352 on BitStamp. ETH price currently hovers around $1,085 on most exchanges. As seen on CoinMarketCap, the second-largest cryptocurrency by market cap is down nearly… Source link

Litecoin price is in trouble today. It is trading at $145, which is down by more than 15%, making today its worst day in more than a year. It has also dropped by more than 22% from its highest level yesterday. Other altcoins like Stellar, Cardano, Bitcoin Cash and Ethereum have also dropped substantially today. In total, the market cap of all digital currencies has moved below $1 trillion. What is moving Litecoin price: There are three primary reasons why… Source link

Bitcoin, after surging non-stop for the last few weeks, has finally taken a breather. The bitcoin price has dropped around 15% in the last 24 hours, dragging down the wider cryptocurrency market and wiping billions of dollars from major tokens ethereum, Ripple’s XRP and litecoin. As the bitcoin and cryptocurrency market wobbles, the U.K. financial watchdog has issued a stark to people considering trying to jump onto the crypto bandwagon—you “should be prepared to lose all their money.” … Source link

Bitcoin is going to the Moon – again. Twelve years after its launch at the hands of pseudonymous coder Satoshi Nakamoto, the original cryptocurrency has been skyrocketing in price to unprecedented heights. After starting 2020 at about $8,000 a unit, and slumping to just over $5,000 in March, the… Source link

Ethereum price is having a meltdown today. The world’s second-biggest cryptocurrency is trading at $1,115, which is 11% below yesterday’s close of $1,250. The current price is 17% below the highest level during the weekend while its market cap has dropped to more than $126 billion.  Ethereum is not the only struggling cryptocurrency. Bitcoin, which rose to more than $41,000 during the weekend has dropped by more than 5,000 points while Bitcoin Cash has… Source link

Litecoin Plunges 33% In Selloff Investing.com – was trading at $134.688 by 22:40 (03:40 GMT) on the Investing.com Index on Monday, down 32.62% on the day. It was the largest one-day percentage loss since March 12, 2020. The move downwards pushed Litecoin’s market cap down to $9.902B, or 1.04% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $14.099B. Litecoin had traded in a range of $124.505 to $170.547… Source link

Litecoin Falls 10% In Rout Investing.com – was trading at $165.377 by 20:42 (01:42 GMT) on the Investing.com Index on Monday, down 10.15% on the day. It was the largest one-day percentage loss since December 23, 2020. The move downwards pushed Litecoin’s market cap down to $11.058B, or 1.08% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $14.099B. Litecoin had traded in a range of $165.091 to $170.547… Source link

Ethereum Ethereum fell by 2.04% on Sunday. Partially reversing a 5.27% rally from Saturday, Ethereum ended the week up by 28.02% to $1,255.13. It was a bullish start to the day. Ethereum rose to a late morning intraday high and a new swing high $1,350.88 before hitting reverse. Ethereum broke through the first major resistance level at $1,336.68 before sliding to late intraday low $1,153.0. The sell-off saw Ethereum fall through the first major support level at $1,199.54. Finding late support,… Source link