It’s no secret that Bitcoin (CRYPTO:BTC) is a hot commodity these days. The largest and oldest cryptocurrency is making headlines by the boatload, ranging from enthusiastic analyses of the digital currency’s bright future to skeptical screeds focusing on its massive electric power requirements and uncertain value. The widespread interest was sparked by Bitcoin’s enormous price gains over the last year and change. Let’s say you timed the stock market… Source link

Bitcoin (BTC) is “seriously cheap” at $56,000 relative to network activity — and that means only one thing, one analyst says. In a tweet on Nov. 24, Philip Swift, creator of analytics platform LookIntoBitcoin, highlighted a bull flag on Bitcoin’s Advanced NVT Signal. Bitcoin “deep into oversold territory” Advanced NVT uses Bitcoin’s market capitalizatio and network volume to determine the extent to which BTC is overbought or oversold at a certain price point. As Swift explains in… Source link

Cryptocurrencies are powered by blockchains, software that runs across a decentralized network of computers, enabling transaction data to be validated, recorded, and protected from attack. Platforms like Ethereum extend that functionality, allowing developers to build self-executing computer programs on the blockchain. Those programs are called smart contracts, and they form the heart of decentralized finance (DeFi) applications, products that allow… Source link

I bought Ethereum (CRYPTO:ETH) a few months ago as a way to dip a toe into the cryptocurrency world. As of today, I’ve made about $1,000. Right now, I could easily take the money and run, especially after the recent declines in this coin and other crypto players. Investors are worried about potential taxes on crypto profits in the U.S. and China’s crackdown on the industry. Those news items and the strengthening of the U.S. dollar are weighing on… Source link

Bitcoin (BTC) continued its pattern of sudden price spikes on Nov. 24 as sudden momentum produced a brief trip above $57,400. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: 2021 still conforms to bullish pattern Data from Cointelegraph Markets Pro and TradingView showed BTC/USD making skittish moves within a familiar range during Wednesday. The pair reached highs of $57,875 on Bitstamp over the past 24 hours, these failing to hold for long as buyer support still waned… Source link

Ethereum price is attempting to breach the $4,352 hurdle so it can retest the $4,524 barrier. A daily close below $3,930 will confirm a bearish outlook and result in a pullback to $3,413. If ETH produces a higher high above $4,773, it will invalidate the bearish thesis. Ethereum price looks ready for a minor upswing as it bounces off a crucial support area. This upswing is likely to propel ETH up to a recent swing high. If the asset fails to produce a higher high,… Source link

Ethereum Ethereum rallied by 6.17% on Tuesday. Reversing a 4.08% loss from Monday, Ethereum ended the day at $4,341.62. A choppy start to the day saw Ethereum fall to a late morning intraday low $4,062.28 before making a move. Steering clear of the first major support level at $3,968, Ethereum rallied to a late intraday high $4,389.95. Ethereum broke through the first major resistance level at $4,267 to wrap up the day at $4,340 levels. At the time of writing, Ethereum was up by 0.01% to… Source link

JPMorgan says this cryptocurrency is a better buy than Bitcoin as interest rates rise — here are 3 easy ways to invest Bitcoin may gobble up most of the headlines, but America’s biggest bank says Ethereum, the world’s second-most valuable cryptocurrency, might be the better bet as interest rates start climbing. In a recent report, analysts at JPMorgan state that Ethereum’s growing number of uses — peer-to-peer lending, NFTs, gaming, stablecoins — should help it maintain its value… Source link

Litecoin (CRYPTO: LTC) has been cooling off the past week or so after making a large run pushing to over $300. The crypto is pushing higher alongside the rest of the cryptocurrency market Tuesday. Litecoin now looks to be bouncing back up off its previous resistance level. Litecoin was up 3.21% at $215.02 Tuesday afternoon at publication. See Related: Litecoin Is Cooling Off, Where Might Support Be Found? Litecoin Daily Chart Analysis Litecoin recently saw a breakout above… Source link

The rate at which new bitcoins enter circulation is reduced by half about every four years. eclipse_images/Getty … Source link