Olemedia/E+ via Getty Images Thesis Bitcoin (BTC-USD) and other cryptocurrencies have been considered taboo by much of the broader market until recently. In a short period of time we now have professional sports teams, hedge funds, and billionaires utilizing and purchasing digital assets. President Biden has now issued an executive order to coordinate financial regulators to regulate and understand digital assets. Less than a decade ago it appeared the U.S. would likely have nothing to do… Source link

What happened The two largest cryptocurrencies by market cap, Bitcoin ( BTC ) and Ethereum ( ETH ), were also dominant in trading late Wednesday afternoon. As of roughly 4:30 p.m. ET, both were rising by over 4% across the preceding 24 hours.  So what There were two big engines driving the prices of Bitcoin and Ethereum higher. The first was a resurgent stock market. Although cryptocurrencies are considered by many to be defensive investments against equity… Source link

Text size Gamers compete at the ‘Nvidia’ booth during the Electronic Entertainment Expo E3 in Los Angeles. Christian Petersen/Getty Images … Source link

Currently, the NUPL indicator is neutral, similar to mid-2018 and mid-2020. The last major cycle high was seen around the January and November 2021 price peaks, which preceded the latest 50% sell-off in BTC’s price. A price low, however, has not been triggered, which previously occurred on high volume down moves far below the average traders’ cost basis around $30,000-$40,000 BTC. Source link

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

Litecoin (LTC) and Ethereum (ETH) reversed higher last month after being bearish since November, as cryptocurrencies tried to turn bullish, with the risk sentiment improving in financial markets in the second half, despite the conflict in Ukraine. ETH and LTC made an impressive rally, but the climb ended this month and the selloff resumed again. Although, these cryptocurrencies were facing some major support with LTC facing the $100 level while ETH was facing the $3,000 level, which we… Source link

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

Litecoin’s LTC/USD price has increased 4.2% over the past 24 hours to $109.57, which is in the opposite direction of its trend over the past week, where it has experienced a 8.0% loss, moving from $116.69 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… Source link

The Ethereum merge that forms a key part of the so-called Ethereum 2.0 upgrade has been delayed until the latter half of 2022. “It won’t be June, but likely in the few months after,” Tim Beiko, an Ethereum Foundation developer, said yesterday on Twitter. “No firm date yet, but we’re definitely in the final chapter of PoW on Ethereum.” Earlier in the Twitter thread, Beiko had urged a user not to invest in any more mining equipment.  It won’t be June, but likely in the few months… Source link

Text size Bitcoin prices have largely managed to stay afloat above $40,000 after a recent selloff. Dreamstime … Source link