The price of the world’s most valuable cryptocurrency spiked nearly 10% Wednesday morning to around $55,000, following news that the investment firm founded by billionaire George Soros owns bitcoin. Soros, who is famous for making big money on traditional currency investments, is rumored to have been trading in bitcoin for the past few months. And the head of Soros Fund Management argues bitcoin has even more long-term potential: “I’m not sure bitcoin is viewed only as an inflation hedge… Source link

Litecoin’s (CRYPTO: LTC) price has increased 6.67% over the past 24 hours to $180.42. Over the past week, LTC has experienced an uptick of over 22.0%, moving from $147.22 to its current price. As it stands right now, the coin’s all-time high is $410.26. The chart below compares the price movement and volatility for Litecoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are bollinger bands, measuring the volatility for both… Source link

Monero’s price hiked by 85% on the charts in the 34-day period from 21 July to 24 August. In fact, XMR’s price tumbled briefly before picking up the pace in the first week of September again. The altcoin, however, was unable to shield itself from the broader market downtrend in September and ended up dipping to a level as low as $212. So far, October has been quite good for the crypto. In fact, the last couple of days have been characterized by consecutive green candles on the price… Source link

Can the newfound scarcity narrative have a long-term positive impact on the price of ether? Should miners be upset if they generate similar revenue through block rewards alone? Again, I believe it is too early to assert any final takeaways from the upgrade, which I am most likely guilty of doing myself. Source link

October 6th 2021 new story AMC announced in August that it would for the first time accept Bitcoin as payment. AMC’s CEO Adam Aron tweeted: “Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept Bitcoin for online ticket and concession payments by year-end 2021. This was followed by news that moviegoers could also pay for tickets online with Bitcoin, Litecoin, and Bitcoin Cash. While Bitcoin’s price has risen by more than 50 million percent since its… Source link

Prices of several cryptocurrencies rose on Wednesday including Bitcoin and Ether. Check the latest cryptocurrency prices and trends. Bitcoin price has crossed $50,000 after a strong rally over the past 24 hours. (Photo: Reuters) Cryptocurrency prices rose sharply on Wednesday after rebounding for the past couple of days, indicating that the virtual coin market is gradually gaining momentum. Bitcoin, the world’s largest cryptocurrency, hit a four-week high earlier in the day and was trading… Source link

Litecoin price is faced with tough headwinds as the bulls hope to conquer $190. The 200 four-hour SMA has acted as stiff resistance for LTC since mid-September. Only a break above $174.50 would see Litecoin price tag the upper boundary of the governing technical pattern. Litecoin price has one last obstacle in its path before it can aim higher at $190. The strength of the resistance ahead may hinder a potential LTC rally if the altcoin fails to slice above a key… Source link

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Additionally, short-term holders, or those who purchased BTC within the last 155 days, are recovering previous losses. “As a larger portion of the market returns to profit, it creates incentives for some investors to take profits,” Glassnode wrote. Some BTC investors could also decide to hold long positions for continued upside this year. Source link

Text size Bitcoin and other cryptos are rallying, despite growing market and regulatory risks. Dreamstime Bitcoin has… Source link