Check out what’s clicking on FoxBusiness.com. Bitcoin was trading 2.57% higher on Friday morning, nearing $60,000 per coin. The price was around $58,865 per coin, while rivals Ethereum and Dogecoin were trading around $3,758 (+3.26%) and around 22.6 cents (-3.72%) per coin, respectively, according to Coindesk. BITCOIN IS ‘WORTHLESS’: JPMORGAN CEO DIMON Early Friday morning, Bloomberg reported the Securities and Exchange Commission is prepared to let the first U.S. Bitcoin futures… Source link

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Ethereum Ethereum rallied by 5.08% on Thursday. Following a 3.38% gain on Wednesday, Ethereum ended the day at $3,791.66. A mixed start to the day saw Ethereum fall to an early intraday low $3,588.55 before making a move. Steering clear of the first major support level at $3,476, Ethereum rallied to a late afternoon intraday high $3,828.84. Ethereum broke through the first major resistance level at $3,678 and the second major resistance level at $3,747. A late pullback saw Ethereum briefly fall… Source link

The Litecoin (LTC/USD) price popped in the overnight session as cryptocurrency prices rallied. The LTC coin is trading at $184, which is about 31% above the lowest level in September. Cryptocurrencies rebound Litecoin is a peer-to-peer cryptocurrency that works in a similar way to Bitcoin. It is a first-generation currency that was created to provide better services than Bitcoin. This means that it has a faster speed than Bitcoin, which is known for its congestion. It… Source link

On Oct. 14, bulls flexed their muscles and showed their intent to push the price of Bitcoin (BTC) closer to its $65,900 all-time high. One reason for the move is the steady chatter about the possibility of a Bitcoin exchange-traded fund (ETF) being approved by the end of October.  Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $54,103 on Oct. 13, the price of Bitcoin rallied 8.2% to an intraday high of $58,532 on Oct. 14 as the ETF discussion made fresh… Source link

Ether (ETH) entered a slightly bullish channel earlier this month, and currently the price is marching toward the $3,800 level. Despite the recent turbulence, Ether bulls are set to bag a $53 million profit on this Friday’s weekly options expiry.  Investors also appear to be disinterested in Ether’s recent underperformance versus Bitcoin (BTC), and to date, the altcoin’s gains stand at 265%. If Ether manages to stay above $3,600 on Friday, 99% of the $180 million put (sell) options will… Source link

Bitcoin (BTC) is hot and clearly in the hands of bulls. Yes, eventually an exchange-traded fund (ETF) is coming and after that a $100,000, no $120,000, scratch that, $150,000 BTC price will be on the board.  Blah, blah, blah. Anyone logging onto crypto Twitter is going to be bombarded with all this bullish drivel straight from the jump and that’s great, we’re all happy Bitcoin is doing well. I’ve been a holder since early 2016 so of course, I’m happy. But, isn’t there more to crypto… Source link

JPMorgan CEO Jamie Dimon said recently bitcoin is worthless. Morgan Stanley CEO James Gorman said Thursday crypto isn’t a fad, but isn’t sure on the outlook for prices.  Jurrien Timmer, Fidelity’s director of global macro, is more clear-minded on the direction for bitcoin: $100,000 by 2023.  “So this move up [in bitcoin] has come without the help of momentum chasers, which I think is a good sign because it means there is something else making bitcoin go up. And, that is fundamental demand… Source link

Bitcoin has bounced back from a significant slump in recent weeks. Dave Keller of Stockcharts.com thinks it will return to previous highs of $64,000. He also broke down for Insider why bitcoin is likely a better bet than ethereum right now. Once again, bitcoin is on the come up. After hitting its all-time-high above $64,000 in April, the cryptocurrency plummeted 53%, all… Source link

Ethereum is making a serious move to re-test the $4,000 level of resistance following a sensational 35.96% push to the upside since the start of the month. The world’s second-largest cryptocurrency has regained a bullish posture on all timeframes after breaking out of September’s downtrend, which saw it slump from $4,000 to as low as $2,500. If Ethereum can break the psychological level at $4,000 before the month is over, it will likely drive towards a new all-time high above $4,400 before… Source link