Bitcoin is back, along with the debate over its value. The price of the digital currency is soaring and last week it hit more than $40,000 for the first time, having doubled in less than a month. Its price has jumped by more than 700% since the pandemic was first declared in March last year, rising from about $5,000. But breathless headlines are nothing new for the 12-year-old cryptocurrency. Bitcoin has been here before, in the previous decade, when it went on a tear with a predictable… Source link

Reuters/Lucas Jackson Bitcoin has more than doubled in less than a month, leaving analysts and investors stunned and concerned about a possible market bubble. In many ways the token’s rally in recent months is crucially different than the surge seen three years ago, as buyers now range from casual day traders to fund managers handling billions of dollars in assets. Easy monetary conditions and trillions of dollars in fiscal stimulus have led some investors to view the token as a… Source link

For all the talk about bitcoin (and broadly crypto) being easier to buy than ever before, Friday morning, as bitcoin was topping $41,000 per coin, I spent hours trying to make a small $100 purchase.  According to some, the latest rally was initiated by institutional investors looking for a hedge against fiat inflation and the U.S. dollar’s decline in foreign exchange markets, and they seem to be having no problem buying – the price has shot up $20,000 in less than a month.  But if my… Source link

Ethereum Ethereum fell by 0.83% on Friday. Partially reversing a 1.21% gain from Thursday, Ethereum ended the day at $1,217.35. It was a bearish start to the day. Ethereum fell through the first major support level at $1,147.58 to an early morning intraday low $1,063.18. Finding support at the second major support level at $1,067.82, Ethereum rallied to a mid-day intraday high $1,275.00. Falling short of the first major resistance level at $1,299.52, Ethereum fell back through the first major… Source link

Are you familiar with “middle-child syndrome”? Then you’ll know how ethereum (CCC:ETH) has felt all these years. Since January 2020, ETH has trounced bitcoin (CCC:BTC) with a nearly 750% return. Yet, the world’s #2 cryptocurrency received less attention than its big brother BTC or problem-child XRP (CCC:XRP). A stack of ether or ethereum coins on a gold background. Source: Shutterstock But don’t be fooled. Ethereum looks set to break out in 2021. As its technological advantages gain… Source link

Proponents of digital currencies are exuberant about the potential for 2021 after a monster year that saw highflying Bitcoin prices grab control of the spotlight. That’s nothing new – but the much wider feeling across Wall Street that “this time it’s different” is. Bitcoin prices recovered from a multiyear slump in 2020. It breached its 2017 record near $20,000 in November, and it has gone parabolic ever since, sitting well above $40,000 as of this publication. What might actually make this… Source link

Monero price is consolidating within an ascending parallel channel, hinting at a crash after a small bullish impulse. If validated, XMR could drop by more than 25% to revisit the $115 support level. Monero seems to be forming a massive bearish pattern that could see its price lose some of the gains made recently. Everything will depend on its ability to remain trading above the $135 support level. Monero price’s bearish outlook overshadows the recent… Source link

The recent rally may be another case of speculative mania. bitcoin (XBT) looks like “the mother of all bubbles” according to Michael Hartnett, chief investment strategist at Bank of America Securities. Hartnett points out in a recent report that the dramatic rise in bitcoin during the past two years — a surge of roughly 1,000% since the beginning of 2019 — is far greater than the gains for other assets that have enjoyed massive runups in the past few decades. That includes a surge in gold… Source link

Blockchain technology has revolutionized global markets. It has disrupted various sectors like banking, fintech, agriculture, and healthcare. It works on the principles of cryptocurrency, which has made transactions simple and secure. Cryptocurrency in layman’s terms is nothing but digital currency. There were more than 2,000 cryptocurrencies in January 2020 [1]. Ethereum is the second largest cryptocurrency and it functions on a decentralized software platform through which smart… Source link

With the launch of every new blockchain comes a new block explorer website to understand.  Block explorer sites offer real-time updates on network activity. Normally, they feature information on blocks, transactions and fees. On Ethereum 2.0, the block explorers depict a very different array of metrics involving epochs, slots and attestations.  But even for those familiar with the usual Ethereum explorers such as Etherscan, Etherchain and Blockchair, the new sites for tracking Eth 2.0… Source link