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In early U.S. trading on Wednesday, August 24, the price of Bitcoin (BTC) measured against the U.S. dollar is marginally down 0.27%, according to CoinMarketCap data. Although prices have remained relatively stable this week, so far, bears now appear to have a slight technical edge in the short term, with Bitcoin trading at $21,409, down over 9% in the last seven days.  Bitcoin 7-day candlestick chart. Source: CoinMarketCap What’s more, volatility has been reduced as a result of the… Source link

Bitcoin (BTC) stayed strictly rangebound on Aug. 24 as buyers and sellers attempted to spark a breakout. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Spot price squeeze on the cards Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering near $21,500 at the Wall Street open. The pair had seen little action in the 24 hours prior, entering the fifth day of sideways movement within an increasingly tight range. Data from the order book of major exchange Binance… Source link

Ethereum moved closer to $1,700 in today’s session, as prices continued to rebound following recent losses. Bitcoin was largely unchanged from Tuesday’s session, as the world’s largest cryptocurrency was once again trading above $21,000. As of writing, the global crypto market cap is trading 0.43% higher. Bitcoin Bitcoin (BTC) continued to trade above $21,000 during Wednesday’s session, as markets consolidated following recent declines. On Monday, BTC/USD slipped to a low of… Source link

Despite Bitcoin’s (BTC) promise of a peer-to-peer world, building a Bitcoin-first business in 2022 still requires third-party intermediaries. Whether it’s startup capital, using fiat money or simply exploiting fiat payment rails, Bitcoin business means interaction with the legacy financial system. For the vast majority of Bitcoin-based businesses, this means that they probably need a bank. Cointelegraph spoke to Bitcoin-only businesses about their experiences working with banks, given that… Source link

On 15 September, the ethereum blockchain is planning to switch off its mining rigs. If it happens, it should reduce the carbon emissions of the entire ethereum ecosystem by orders of magnitude overnight, leaving bitcoin as the only major cryptocurrency to be built on the destructive proof-of-work concept. But the switchover could also throw some of the largest institutions in the sector into chaos, and seems likely to evolve into a cold war between the new version of ethereum and the diehard… Source link

Litecoin and Bitcoin are both global payment systems where users send and receive funds locally and internationally. Litecoin is suitable for small transactions that can take 2.5 minutes to arrive on the other end, which means it is quicker than a bank transfer, especially for global payments. The best part is that the Litecoin network is decentralized, which means there will be no third party to facilitate the transactions. To get the benefits of this facility, a user should open a… Source link

Text size A speech from Federal Reserve Chairman Jerome Powell on Friday could deliver a significant catalyst to cryptocurrency markets. Dreamstime … Source link

Litecoin (LTC) could be heading the bearish route. According to CoinMarketCap, LTC has nosedived by 0.52% or trading at $56.50 as of press time. Litecoin going the bearish track LTC down by 0.52%, trading at $56.50 LTC engulfing candlestick shows increased selling pressure In the past few days, LTC is seen to be hovering close to its midpoint. Notably, Litecoin is down by 12.75 from its five-day high yet spiked by 7.26% compared to its five-day low that registered at $52.56. LTC price is… Source link

Bitcoin (BTC) lost a key bear market trendline last week as it shed almost 12%, but other chart data offers a silver lining for bulls. As noted by popular Twitter user Dave the wave on Aug. 24, long-term moving averages (MAs) are about to repeat classic bullish behavior. Analyst: Bulls could be about to “do well” BTC/USD disappointed over the weekend as it put in lows not seen since the end of July. Since then, $21,000 has offered only weak support, and fears abound that new lows are… Source link