For years, investment pundits have been hyping Bitcoin as the gold of the cryptocurrency realm and Litecoin (CRYPTO:LTC) as the silver. The analogy seems apt: Just as gold has outperformed silver in the past few years, Bitcoin’s returns have trounced those of Litecoin. A $10,000 investment in Bitcoin in 2013 would have grown to $886,000 today, compared with just $232,000 for Litecoin.  This underperformance comes even amid Litecoin’s popularity as a… Source link

The amount of bitcoin held on exchanges like Coinbase and Binance, have dropped to lower than they were in November last year. Photo: Reuters Major cryptocurrencies were down on Friday morning after a volatile week amid rising concerns over bitcoin’s environmental impact. Bitcoin (BTC-USD) was down 0.4%, still struggling to cross the $50,000 (£36,237) mark. It was trading at $47,900 at the time of writing. Many supporters on Twitter are hopeful it will hit $100,000 by the end of the… Source link

Analysts at Standard Chartered expect the Fed to announce the taper next week after the Federal Open Market Committee meets. “The 22 September FOMC will likely signal a tapering decision at the next meeting, providing few details. The [interest rate] dots will likely signal one 2022 hike, and two added hikes in both 2023 and 2024. The risk skew is for more rather than less hikes; the added hawkish lean in not fully priced, in our view,” the bank’s analysts noted, according to efxnews.com. Source link

XMR, MIOTA and XRP price outlook as the market heads towards the weekend with Bitcoin’s price poised around the $48k level Here is a brief technical look at Monero, XRP, and IOTA prices going into the weekend, with the broader outlook for Bitcoin (BTC) likely to impact these altcoins. Monero price outlook XMR is trading above the rising trendline of an ascending triangle pattern with the resistance of the horizontal line around $316. The RSI and MACD on the daily chart show sellers have… Source link

Ethereum Ethereum fell by 1.30% on Thursday. Partially reversing a 5.22% rally from Wednesday, Ethereum ended the day at $3,568.66. A mixed start to the day saw Ethereum rally to an early morning intraday high $3,675.92 before hitting reverse. Falling short of the first major resistance level at $3,705, Ethereum fell to a late intraday low $3,482.97. Steering clear of the first major support level at $3,443, Ethereum moved back through to $3,500 levels to reduce the deficit. At the time of… Source link

Bitcoin prices have been better after the second week of September, hovering around $46.5K to $48.5K per unit during the last two days. Meanwhile, bitcoin proponents still believe a significant second-leg up will be happening this year and a recent survey published by Plan B with 123,410 votes shows people believe bitcoin will reach $100K by Christmas 2021. Furthermore, a price model crafted by Will Clemente called “Illiquid Supply Floor” indicates that bitcoin prices may never… Source link

For the past 40 days, Ether (ETH) has trended modestly upward, respecting a narrow channel most of the time. It enjoyed a brief rally toward $4,000 in the first week of September, but a subsequent crash brought the price into the ascending channel. Ether price at Bitstamp in USD. Source: TradingView In August, nonfungible tokens posted record-breaking transactions, clogging the Ethereum network and causing average transaction fees to surpass $40 in early September. Although NFT trading volume… Source link

Omar Marques | LightRocket | Getty Images The bitcoin price chart has flashed a bullish signal seen as an indicator that a big rally could be on the way. Source link

Bitcoin (BTC) must cost at least $39,000, says a new tool combining two of its most powerful metrics. In a tweet on Thursday, analyst William Clemente presented the illiquid supply floor chart — and its findings are firmly bullish for BTC. Bitcoin’s price floor rises and rises With exchange reserves dwindling and major corporate buy-ins expected to be announced in the coming weeks, analysts are all but guaranteeing BTC price upside. As Cointelegraph reported, long-term holders are now in… Source link

Ethereum blockchain’s native asset Ether (ETH) faces the prospect of exploding towards $6,500 in the coming sessions. ETH looks like a cup and handle too. Thoughts? — Raoul Pal (@RaoulGMI) September 15, 2021 The bullish analogy takes cues from a textbook technical pattern dubbed “Cup and Handle.” In detail, a Cup and Handle structure develops after the price first rallies significantly to the upside and then corrects to carve out a rounding bottom, called the “cup.” The move follows a… Source link