Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. The price of Bitcoin (BTC) has been in freefall for most of 2022, with contagion rocking the cryptocurrency markets alongside broader macro concerns—paired with a tenuous geopolitical climate. This week has brought a sudden relief rally, sending the price of Bitcoin as high as $24,200. BTC has pulled back slightly… Source link

Bitcoin (BTC) briefly broke above $24,000 on July 20, but the excitement lasted less than two hours after the resistance level proved more challenging than expected. A positive is that the $24,280 high represents a 28.5% increase from the July 13 swing low at $18,900. According to Yahoo Finance, on July 19, the Bank of America published its latest fund managers survey, and the headline was “I’m so bearish, I’m bullish.” The report cited investors’ pessimism, expectations of weak corporate… Source link

Tesla has pulled back from its $1.5 billion investment in Bitcoin, which it announced in early 2021. Here, a Bitcoin ATM is seen last year inside a New York City store. Michael M. Santiago/Getty Images hide caption … Source link

On Thursday, Vitalik Buterin, co-founder of Ethereum, shared his long-term vision for the namesake blockchain live at the annual Ethereum Community Conference, or EthCC, in Paris. As told by Buterin, Ethereum is currently at an inflection point, or period of rapid change, before the ecosystem’s capability will eventually settle down.  Currently, the foremost priority for Ethereum is building an easy-to-use light client for consensus layer, execution layer, and layer-two solutions by default…. Source link

The main purpose of Litecoin is to become a global payment system with more scalability and faster transaction speed. It helps to make borderless payments without any central authority such as a bank and offers faster transactions at lower costs. All these benefits make Litecoin one of the popular platforms for small transactions, whereas Bitcoin remains a preferred network for bigger transactions. The main purpose of originating a forked version of Bitcoin is to improve the Bitcoin… Source link

Monero is moving in an uptrend pattern while taking the support of the trend line with the current market price of $148. About a month back, after a constant downfall in price, the XMR token began to mount upwards as the bulls showed buying interest. There was a formation of a bullish engulfing pattern on the daily chart, and the price continued to ascend, closing above the last peak of $132. Once the Monero price reaches the top horizontal line of $208, a breakout for higher highs can be… Source link

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Following a week of strong growth and rallying altcoins, the market just saw the mild correction that put most digital assets into the “red zone,” but Monero seems to ignore the current tendency, especially after showing a 25% growth in the last seven days. Since the middle of June, XMR gained more than 50% to its value mainly because of the recovering industry and the increased demand for privacy-oriented assets. Monero still remains the most popular tool for moving funds in the… Source link

Bitcoin was trading lower in today’s session, as it was revealed that Tesla had sold 75% of its holdings in the cryptocurrency. The news comes following the company’s Q2 earnings call, where they confirmed converting the token into fiat currency. Ethereum was also lower on the news. Bitcoin Following a recent run of gains, bitcoin (BTC) fell lower in today’s session, after it was revealed that Tesla had sold 75% of its holdings in the token. Tesla stated that, “As of the end… Source link

In recent times, cryptocurrency has become one of the viable means to get rich and amass wealth. Tokens like Bitcoin (BTC) and Ethereum (ETH) have made their early adopters a lot of money. With their amazing features, they have turned in huge profits and have successfully placed themselves at the top of the pyramid of cryptocurrencies being used globally. As new tokens flood the market every day, new investors go about looking for the next Bitcoin (BTC) or Ethereum (ETH). Nevertheless, this… Source link