Bitcoin has exploded since October, climbing from its long-time $10,000 per bitcoin support level to never-before-seen highs of almost $35,000. The bitcoin price added over 300% through 2020, a rally that included a 50% crash in March amid the coronavirus meltdown. Meanwhile, ethereum, the world’s second-largest cryptocurrency, has rallied even harder—soaring 600% over the last 12 months. Now, as bitcoin and cryptocurrency investors try to call exactly how far this already-huge rally… Source link

The first Crypto Long & Short of 2021 has a different format: Instead of the usual article, I’ve asked some leading industry analysts – from Kaiko, IntoTheBlock, skew.com and Arcane Crypto – to share their favorite charts with you. The depth and quality of metrics available to market observers has grown by leaps and bounds this year, and the work of these analysts and others goes a long way toward helping investors to not only understand the crypto ecosystem better, but also to… Source link

Cindy Ord/Getty Images Bitcoin’s near 300% surge in 2020 could be followed up by an even stronger performance in 2021, according to Fundstrat’s Tom Lee. In an interview with CNBC on Wednesday, Lee said bitcoin could quadruple in 2021 as the crypto asset experiences a similar parabolic setup that occurred in 2017. “2021 is going to be a lot like 2017 which means bitcoin should do even better in 2021 than it did in 2020, so something above 300%,” Lee told CNBC. Visit Business… Source link

Ether (ETH) has broken a critical price point against Bitcoin (BTC), signalling that altcoins may be about to see huge gains. Cryptocurrency market overview. Source: Coin360 I’d take Ether bet “all day long” — Winklevoss Data from Cointelegraph Markets, Coin360 and TradingView showed ETH/BTC pass the essential 0.026 level in just one daily candle on Jan. 3. After staying weak throughout December, Ether has rebounded in the first few days of 2021, and Sunday’s performance could be the start of… Source link

Warren Buffett (Photo by Daniel Zuchnik/WireImage) WireImage Bitcoin soared to $34,000 yesterday—but here’s why Warren Buffett will never own Bitcoin. Here’s what you need to know. Bitcoin The price of Bitcoin, which is the world’s largest cryptocurrency, has increased approximately 23% in the past five days. That’s good news for Bitcoin investors and speculators. For Warren Buffett, however, it’s completely irrelevant. Why? Buffett has… Source link

Litecoin was quite bullish on the charts as it targeted a move past $140, but Zcash and Compound lost a level of support to selling pressure and could see further downside in the coming days. Litecoin [LTC] Source: LTC/USD on TradingView Litecoin was trading at $139.57, right atop the $139 level of resistance it was likely to flip to support in the coming hours. The prince refused to sink below the $124 level and saw a surge to $140 over the past 20 hours. The Awesome Oscillator, which… Source link

12 years ago, Bitcoin’s inventor Satoshi Nakamoto launched the network after revealing the cryptocurrency concept via the white paper a few months prior. At approximately 18:15:05 UTC, the network launched its first block and since then, over 664,000 bitcoin blocks have been mined. Moreover, on the 12th anniversary of the network coming to life, a large string of 2010 block rewards started moving after more than ten… Source link

Bitcoin’s performance has been unparalleled and as the market marvels at the performance of the world’s largest cryptocurrency, the second-largest crypto, Ethereum [ETH] has surpassed $800 and reached $851. This value of ETH was last seen in May 2018 and as the rally in the BTC market gains momentum, the alt season may kick-off with an ETH rally. Source: ETHUSD on TradingView At the time of writing, the value of ETH slid to $831, but momentum was still high. In 2020, the decentralized… Source link

Bitcoin has surged above $30,000 for the first time, extending a record-breaking rally that saw the cryptocurrency increase by more than 300 per cent last year. With trading in mainstream financial markets yet to get going in 2021, bitcoin has resumed its dizzying ascent, rising 18 per cent in the first few days of January to top $34,000 by Sunday morning.  The rally has fed concerns that bitcoin is set to repeat the events of three years ago, when a bull market dramatically… Source link

In sync with Bitcoin’s price movement, Litecoin also noted a strong uptrend in the past few days. The coin has been able to secure an 11 percent price hike in the past 24-hours as Bitcoin surged past key levels of resistance around the $33,000 price level. At press time, Litecoin was being traded at $140, with a market cap of $9.2 billion. The coin has registered a 24-hour trading volume of over $11 billion with its price appreciating by close to 4 percent in the past week. Litecoin… Source link