Bitcoin (BTC) price action has been surprisingly bullish since May 27. Weekends, especially holiday weekends, are notoriously volatile and indecisive, with major whipsaws in price movements being the norm. Even in bull markets, bearish price action is often the norm, but BTC bucked that trend.  BTC/USD daily chart (Coinbase) Source: TradingView Bitcoin rallied nearly 11% between May 27 and May 30, moving through the critical $28,600 level to move back above $30,000 to $31,700. The weekly close… Source link

On June 7, 2021, El Salvador President Nayib Bukele announced an audacious plan: to make Bitcoin legal tender. Anna-Cat Brigida is a reporter who covers Latin America. She lives in Honduras now, but was based in El Salvador when Bukele made his announcement. From there, Brigida says, everything went at full speed. Within 90 days El Salvador had to build its own Bitcoin wallet, install Bitcoin ATMs, and sell the country’s population on the idea of Bitcoin—an idea that had been brought… Source link

In the crypto market crash of 2022, market leaders like Bitcoin (BTC) and Ethereum (ETH) have also taken a hit. BTC is regarded as the crypto gold standard, but it has also declined, affecting all coin markets. When holders withdraw their investments from BTC, those invested in altcoins also liquidate their holdings. But during the dip, the point of concern is that some coins are still on an upward trajectory. Projects like Fantom (FTM), Monero (XMR), and Chronoly (CRNO) have been rising… Source link

ETH briefly rose above $2,000 on Tuesday, as crypto bulls were once again present in today’s market session. BTC was also higher, with the world’s largest cryptocurrency climbing to its highest point in nearly three weeks. Bitcoin Bitcoin rose to its highest level in nearly three weeks on Tuesday, as crypto prices continued to rally, following recent losses. Following a low of $29,363 to start the week, BTC/USD surged to a peak of $31,949.63 earlier today. This peak is the highest… Source link

Bitcoin (BTC) put in fresh gains overnight into May 31 as the monthly close looked set to seal losses of around 15%. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Asks stack up above $33,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating once more after a fresh burst took it to $32,200 on Bitstamp. The pair thus capped the second day of more bullish momentum, this nonetheless failing to impress analysts, who widely believed that the moves were… Source link

Cardano (ADA), the Ethereum competitor is up 29% over the past 24 hours. ADA is currently trading at $0.67, according to data from CoinMarketCap. ADA is the native token of Cardano, the proof-of-stake layer-1 blockchain that offers stiff competition to Ethereum.  The token is now the sixth-largest cryptocurrency with a market capitalization of $22.6 billion, overtaking Ripple’s XRP.  Despite today’s bullish action, ADA is still down 78% from its all-time high of $3.10 recorded in… Source link

Cryptocurrency is one of the most explosive and volatile investments available today. In a matter of months, prices can skyrocket or plummet—making it a risky investment for those who don’t understand the technology. However, if you know which coins to invest in, you can make a fortune. So, which cryptocurrencies should you put your money into? Here are three that have a shot at making you richer: FIREPIN Token (FRPN), Stellar (XLM), and Monero (XMR). FIREPIN Token (FRPN) Has the… Source link

Recently, the price of cryptocurrencies has dropped massively. Bitcoin recently dropped below $30,000. Ethereum’s price crashed below $2,000. Almost all the altcoins displayed poor performance. What could the future of cryptos look like? In this article, we discuss the future of one altcoin called Litecoin. This post is all about LTC price analysis and can Litecoin reach the 500$ mark? Let’s take a look. What is Litecoin (LTC)? Litecoin is one of the oldest altcoins… Source link

Monero (XMR) turned out to be one of the best cryptocurrencies for those looking to ride the recovery wave after the May crypto crash. The cryptocurrency jumped onto a healthy bullish trend while the rest of the market struggled to bounce back. However, the cryptocurrency is off to a good start this week, with some upside allowing it to hold on to recent gains. XMR rallied by rally 75% from its latest local low on 12 May. The impressive bullish performance appears to have experienced… Source link

Razi Khan A Master’s graduate in Renewable Energy Systems from England, UK, Razi is a tech-enthusiast. He’s served as a content specialist for BlockPublisher in the US and has been an avid member of the crypto space as a journalist, trader, investor and analyst since 2018. Source link