Markets briefly flashed green on Sept. 27 as equities markets bounced back from Sept. 26’s pullback, bringing the Bitcoin (BTC) price back to the long-term descending trendline resistance, which currently resides at $20,100.  Unfortunately for bulls, the positive momentum for stocks and cryptocurrencies rapidly eroded and Bitcoin price gave up a majority of the intraday gains as it slipped back below $19,000. As has been the case since March 25, BTC price has been unable to kick above the… Source link

LONDON — Bitcoin is struggling to go green, with the cryptocurrency making only slim gains in its usage of sustainable energy in the year to January, research by Cambridge university showed on Tuesday. Processing bitcoin transactions and “mining” new tokens is done by powerful computers, hooked up to a global network, that compete against others to solve complex mathematical puzzles. The process guzzles electricity, with its heavy reliance on polluting fossil fuels such as coal drawing… Source link

What happened Several of the largest cryptocurrencies have jumped higher today as investors digest monetary policy and also monitor the foreign exchange markets, which have been active lately. Over the last 24 hours, the price of the world’s largest cryptocurrency, Bitcoin (BTC -6.90%), has traded roughly 5% higher as of 10:27 a.m ET. The price of the world’s second-largest cryptocurrency, Ethereum (ETH -6.86%), traded roughly 4.1% higher, and the price of Solana (SOL -6.42%) was up 5%. So… Source link

A widely followed crypto strategist is plotting what’s in store for a handful of digital assets amid uncertain market conditions. Analyst Michaël van de Poppe tells his 628,100 Twitter followers that he believes smart contract platform Cardano (ADA) is in an accumulation phase as it continues to trade above his key support level. “The ultimate area to buy from is the region at $0.30-$0.375. However, will we see it front-ran and people are already stacking? In that case, [the]… Source link

Disclaimer: The CoinMarketCap cryptocurrency community price estimate is based only on the votes of its users. Estimates do not guarantee end-of-month prices. Bitcoin (BTC) reached its highest level in more than a week on Tuesday, September 27, when it surpassed $20,000. Despite this, the cryptocurrency still has trouble breaking out of its narrow trading range. As a result, several traders and investors are now focusing on the crypto’s next target price by October 31, given the… Source link

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Bitcoin (BTC) is seeing some of its oldest coins come back to life after a decade lying dormant. The latest on-chain data reveals that two-year BTC price lows have reawakened the most ancient part of the supply. “Very old” Bitcoin come back to life As BTC/USD returns to levels not seen since Q4 2020, questions are arising over how long-term holders will respond. The on-chain picture is mixed — the dormant supply is aging, but certain old hands are showing signs of wanting to sell at current… Source link

A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier Register now for FREE unlimited access to Reuters.com Register Sept 27 (Reuters) – Spare a thought for the beleaguered bitcoin miner. In late 2021, miners were the toast of the town with a surefire path to profit: hook powerful computers up to cheap power, crack fiendishly complex maths puzzles and then sell newly minted coins on the booming market. A… Source link

Monero is a privacy-centric cryptocurrency that is popular as a global payment solution because many users think private transactions are an important human right. Indeed, it is a highly competitive industry, and many cryptocurrencies offer similar services, so it is tough to get a competitive advantage in the future. Moreover, government regulations might ban these cryptocurrencies because private transactions can be a threat to the world economy. That is why many experts think it is not… Source link

Alex Dovbnya Veteran trader John Bollinger believes that one of oldest altcoins is approaching “squeeze territory” Veteran trader John Bollinger has noted that Litecoin, one of the oldest cryptocurrencies, has been trading in a tight range for almost six months. Image by tradingview.com The “silver to Bitcoin’s gold” has now formed a squeeze on the weekly chart, according to Bollinger. Such periods of anemic price action are typically followed by periods of extreme volatility. A… Source link