Heightened Anonymity and Privacy made Monero blockchain’s XMR cryptocurrency a real threat for the Bitcoin ecosystem as transactions could be traced to original users in the Monero ecosystem. Historically, it has been witnessed that Monero rallies only while Bitcoin consolidates and takes a dip. As such, the retracement of Bitcoin from $66,500 to $63,000 has worked in favor of XMR enthusiasts. Monero Price Analysis Price action being stagnant has killed the hopes of new investors…. Source link

Bitcoin was pushing back up Monday after experiencing a price dip below $60,000 over the weekend, down from the all-time high near $67,000 reached last week. As of press time the cryptocurrency was up 4% over the last 24 hours, trading around $62,900. The drop in funding rates is the most notable indicator seen over the weekend, according to Matthew Dibb, chief operating officer at Stack Funds. “This is extremely bullish given where we are,” said Dibb. Funding rates across major exchanges… Source link

Are you finally ready to take the plunge into the world of cryptocurrencies? It may seem complicated, but with a little research, beginners can be buying and selling Bitcoin in no time. Bitcoin is the most ubiquitous digital currency on the market, so we’ll show you the ropes on buying, selling, and storing it. However, these tips can apply to other cryptocurrencies like Ethereum (or even Dogecoin, if that’s your thing). What to Know Before Buying Bitcoin At the time of this writing, Bitcoin… Source link

Bitcoin and Litecoin are among the oldest coins with the least “generational gap” that exist in the space at this point. Since inception, their prices have, by and large, been moving hand-in-hand. Almost a decade down the line and nearly nothing has changed. Consider this – In the period from 29 September until now, BTC’s price has appreciated by over 51% while LTC’s price has rallied by 43%. In fact, their patterns on price chart also reasonably look reasonably similar. BTC/USDT,… Source link

Ethereum’s native token, Ether (ETH), has been declining against its top crypto rival, Bitcoin (BTC), since Sept. 3. Ether dropped in value against Bitcoin by almost 25% after topping out in September at 0.07955 BTC. As the top altcoin declined, it left behind a trail of lower highs and lower lows, thus forming an ascending channel. Later, ETH/BTC broke the channel to the upside on Saturday, raising anticipations about a strong extended recovery trend. But a selloff on Sunday and the ongoing… Source link

Bitcoin (BTC) launches into a new week, determined to keep $60,000 as support — despite new all-time highs failing to last. After a classic Sunday dip, bulls regained control and have managed to keep BTC/USD clear of sub-$60,000 lows. With neither the April nor October all-time highs seeing a retest so far, however, investors are eager to see where Bitcoin is capable of going. Expectations remain sky-high — as much as $300,000 in the coming months, and even a continuation of the bull run… Source link

Bitcoin Bitcoin, BTC to USD, fell by 1.07% in the week ending 24th October. Following a 12.48% rally from the week prior, Bitcoin ended the week at $60,847.0. A mixed start to the week saw Bitcoin fall to a Monday low $59,883.0 before making a move. Steering clear of the major support levels, Bitcoin rallied to a Wednesday all-time high and intraweek high $66,958.0. Bitcoin broke through the first major resistance level at $64,990 before falling to a Saturday intraweek low $59,755.0. Continuing… Source link

Ethereum Ethereum fell by 2.53% on Sunday. Partially reversing a 4.95% rally from Saturday, Ethereum ended the week up by 6.12% to $4,082.64. A mixed start to the day saw Ethereum rise to an early morning intraday high $4,188.42 before hitting reverse. Falling short of the first major resistance level at $4,219, Ethereum fell to a late intraday low $3,962.05. Ethereum fell through the first major support level at $4,027 before a partial recovery to end the day at $4,080 levels. At the time of… Source link

Ealier this year THORChain underwent a series of protocol exploits which led to $8 million being drained from its reserves and these successive attack took a heavy tool on RUNE price. This week, the protocol announced that it would re-open its Ethereum pool, along with other altcoin and BTC-based pools and the announcement appears to be having a positive impact on RUNE price. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $2.95 on July 20, the price of… Source link

It’s been a fantastic year for cryptocurrency investors and Bitcoin (CRYPTO:BTC) in particular. The market-leading cryptocurrency’s price per token has surged roughly 113% year to date even with some recent pullback after hitting a new lifetime high of roughly $67,000 per token.  Bitcoin appears to be gaining traction as “digital gold” and as a potential safe haven at a time when inflation and other factors are casting uncertainty over equities… Source link