Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Unable to find a clear direction despite Bitcoin’s ascent, Litecoin remained gridlocked within a descending triangle setup. While the pattern normally observes a breakdown, LTC’s outcome is not yet clear. The altcoin was trading above its near-term SMAs and its indicators took a neutral approach. In order to pinpoint LTC’s trajectory, the price needs to… Source link

While the U.S. stock market teeter-totters on the cusp of an all-time high, the cryptocurrency market is erupting In less than a month, Bitcoin‘s (CRYPTO:BTC) price has increased by over $25,000, marking the fastest nominal price rise in Bitcoin’s history and an over 50% gain since late September. Bitcoin officially reached $66,930.39 on the afternoon of Oct. 20, its highest price ever.  At first glance, it’s easy to say that Bitcoin is expensive… Source link

Ethereum Continues To Move Higher Ethereum is currently trying to settle above $4,200 while Bitcoin pulls back after an unsuccessful attempt to settle above the $63,000 level. The world’s leading cryptocurrency failed to gain additional upside momentum and declined below the $63,000 level. Other cryptocurrencies show mixed dynamics. Solana, Dogecoin and Shiba Inu are mostly flat while XRP managed to settle above the resistance at $1.10 and is trying to get above $1.13. Bitcoin Dominance,… Source link

Ethereum Ethereum rose by 3.40% on Monday. Reversing a 2.53% loss from Sunday, Ethereum ended the day at $4,220.93. A mixed start to the day saw Ethereum fall to an early morning intraday low $4,069.22 before making a move. Steering clear of the first major support level at $3,967, Ethereum rallied to a late afternoon intraday high $4,236.27. Ethereum broke through the first major resistance level at $4,193 to end the day at $4,200 levels. At the time of writing, Ethereum was down by 0.29% to… Source link

Ethereum price is forming a rounding bottom pattern, hinting at a 31% breakout. ETH needs to produce a decisive close above its all-time high at $4,387 to confirm an uptrend’s start. A breakdown of the $3,746 support level will invalidate the technical formation’s bullish thesis. Ethereum price has breached a crucial level, indicating the start of a run-up to new all-time highs. However, ETH is consolidating, gathering steam for the next leg that propels it… Source link

Bitcoin’s surging popularity hasn’t changed one of its original attributes. Its ownership is still concentrated in just a few hands. The top 10,000 individual investors in Bitcoin control about one-third of the cryptocurrency in circulation, according to a study by the National Bureau of Economic Research. Crypto enthusiasts have long pondered who the largest owners of Bitcoin are since the early days of the its existence. It can be… Source link

Tulsa, OK, Oct. 25, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — AppSwarm, Corp. (OTC: SWRM), a software development company and aggregator of mobile applications, announces plans to launch cryptocurrency mining operations through TulsaLabs. AppSwarm, through its blockchain advisor Data Syndicate, will work on developing out an initial cryptocurrency mining operation for Bitcoin, Litecoin, and Dogecoin. Phase One: Rig Miners The Company will look to immediately purchase and deploy ASIC miner… Source link

The price of Ethereum fluctuated throughout the week, but it rose 6.11% over that same period ending on October 24th. The coin is hovering around $4100 Monday morning after hitting a 5-month high above $4220 last week. The sudden increase in cryptocurrency prices following the debut of a Bitcoin ETF on Wall Street has caused both bitcoin and Ethereum to rise significantly. Coin prices have skyrocketed as coins are more popular than ever before with this innovative financial… Source link

Heightened Anonymity and Privacy made Monero blockchain’s XMR cryptocurrency a real threat for the Bitcoin ecosystem as transactions could be traced to original users in the Monero ecosystem. Historically, it has been witnessed that Monero rallies only while Bitcoin consolidates and takes a dip. As such, the retracement of Bitcoin from $66,500 to $63,000 has worked in favor of XMR enthusiasts. Monero Price Analysis Price action being stagnant has killed the hopes of new investors…. Source link

Bitcoin was pushing back up Monday after experiencing a price dip below $60,000 over the weekend, down from the all-time high near $67,000 reached last week. As of press time the cryptocurrency was up 4% over the last 24 hours, trading around $62,900. The drop in funding rates is the most notable indicator seen over the weekend, according to Matthew Dibb, chief operating officer at Stack Funds. “This is extremely bullish given where we are,” said Dibb. Funding rates across major exchanges… Source link