Chinnapong | iStock Editorial | Getty Images The price of bitcoin is surging but JPMorgan said the successful launch of the first U.S. bitcoin futures exchange-traded fund is not fueling the rally. Source link

Img source: cryptomode.com Released in 2014, Monero (XMR) is a decentralized cryptocurrency that’s designed to address the privacy issues of Bitcoin (BTC), and as such, it offers users improved anonymity and fungibility. Aside from its top-notch privacy features, the cryptocurrency has proven itself to be a worthwhile investment. In particular, between January 2017 and 2018, the coin’s value increased from USD 13 to USD 329, providing investors with a return of around 2,530%. Finally,… Source link

The XMR coin price breaks above the EMA-55 during intraday. The 24-hour trading volume is at $248 million. XMR/BTC pair is trading positive by 1.8% at 0.00405551 BTC. On the daily price chart of XMR coin, Moving Average Exponential (EMA), consisting of 8,13,21,55-EMA, Acts as reliable support in the coin price movement. Investors may observe the price crosses above the yellow line, so until the price resides above all the EMA’s, it will assure an uptrend in Monero. Trading volume… Source link

Bitcoin exploded to a new all-time high Wednesday just one day after the first-ever bitcoin-linked exchange traded fund (ETF) started trading on the New York Stock Exchange. The ProShares Bitcoin Strategy ETF (BITO) saw more than $550 million dollars pour into the new futures-linked product in its debut trading day. That enthusiasm, in part, helped push bitcoin’s price (BTC) to a new all-time high north of $65,000 Wednesday morning. Now, one analyst at Fundstrat Global Advisors says that… Source link

The rise of cryptocurrency has been one of the most exciting movements in the investing world this year. Several cryptocurrencies have seen explosive growth, but it can be difficult to determine which ones are strong investments. Cryptocurrency, in general, is still highly speculative. Nobody can say for certain whether it will still exist in a few decades, and the technology itself is still in its infancy. For that reason, crypto is a risky… Source link

Ethereum large wallet investors accumulated 13.9% more tokens as ETH approaches a new all-time high. ETH contract holdings hit a record high with $11.82 billion, according to Bybt. Purpose Ether ETF increased Ethereum holdings by 18% to 76,000 ETH. ETH has offered the highest risk-adjusted returns in the past 24 hours, dominating Ethereum-killers SOL, ADA and DOT. The Ethereum “triple halving” narrative is looming, predicting a massive rally in ETH price as… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, October 21, 2021 Bitcoin to $100K+? Don’t rule it out Bitcoin (BTC-USD) “hodlers” are looking awfully prescient these days. A rough summer swoon followed by a whipsaw start to the fall is now starting to give way to the cryptocurrency’s moment in the sun. With the introduction of a new exchange-traded fund this week and more lining… Source link

Ethereum Ethereum rallied by 7.31% on Wednesday. Following a 3.55% gain on Tuesday, Ethereum ended the day at $4,161.94. A mixed start to the day saw Ethereum fall to a mid-morning intraday low $4,144.00 before making a move. Steering clear of the first major support level at $3,776, Ethereum rallied to a late intraday high $4,169.00. Ethereum broke through day’s major resistance levels to end the day at $4,152 levels. The third major resistance level at $4,152 delivered support late in the… Source link

Litecoin has approached a critical juncture at the 50% Fibonacci Retracement level. A daily close above the $190-mark would allow LTC to overturn a stubborn resistance and be in hot pursuit of its September local high. If bullish momentum wavers over the coming week, bears could take advance of the chinks in LTC’s armor and initiate a drawdown back towards the $140 support. At the time of writing, LTC traded at $187.5, down by a marginal 0.8% over the last 24 hours. Litecoin Daily Chart

This week has witnessed cryptocurrency history with the launch of the first Bitcoin (CCC:BTC-USD) exchange-traded fund (ETF). The ProShares Bitcoin Strategy ETF (NYSE:BITO) has given Wall Street the opportunity to gain exposure to the crypto without the risk that can come from holding it. This news has sent Bitcoin shooting up, leading to it hitting an all-time high of $66,000, continuing a record year in which the crypto has risen by more than 130%. Bitcoin isn’t the only name… Source link