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 Wednesday, September 8, 2021 A country’s embrace of bitcoin puts 2 competing crypto visions on display Tuesday marked what one observer called the “start of a new world,” as El Salvador officially became the first country to accept bitcoin as legal tender.  The eagerly anticipated move is a big test of cryptocurrency’s staying power, and… Source link

Litecoin – which is often referred to as the Silver to Bitcoin’s Gold, is a popular cryptocurrency that was first launched in 2011. This makes it one of the most established digital tokens in the crypto asset industry. In this guide, we walk you through the process of how to invest in Litecoin safely and which brokers you might want to consider when completing your purchase. #1 Broker to Invest in Litecoin – eToro How To Invest in Litecoin – Choose a Broker With over a decade in… Source link

Ethereum Ethereum slid by 12.52% on Tuesday. Following a modest 0.58% gain on Monday, Ethereum ended the day at $3,436.96. A mixed start to the day saw Ethereum rise to an early morning intraday high $3,948.00 before hitting reverse. Falling short of the first major resistance level at $3,979, Ethereum tumbled to a mid-afternoon intraday low $3,009.00. Ethereum fell through the day’s major support levels and the 23.6% FIB of $3,368. Finding late support, however, Ethereum briefly broke back… Source link

Bitcoin price started a major decline below USD 50,000 and USD 48,000. Ethereum declined heavily towards USD 3,000, XRP spiked below USD 1.00. SOL is still holding gains above the USD 160 support level. Bitcoin price saw a sharp bearish wave below the USD 50,000 support. BTC declined over 15% and it even tested the USD 43,000 zone before rebounding sharply. It is currently (04:26 UTC) correcting losses below USD 47,000, while upsides… Source link

Updated Sept. 7, 2021 5:43 pm ET / Original Sept. 7, 2021 4:57 pm ET Order Reprints Print Article Text size Przemyslaw… Source link

A report published by the British bank Standard Chartered indicates the company’s analysts are bullish about the crypto asset ethereum. The bank’s analysts think that bitcoin could reach $175K and said “structurally, we ‘value’ ethereum at $26,000-$35,000.” British Bank Publishes ‘Ethereum Investor Guide,’ Formulates the Economic Case for Ethereum’ The British multinational banking and financial services giant Standard Chartered has published a report on the two… Source link

Traders were caught flat-footed on Sept. 7 after a sharp collapse in the price of Bitcoin (BTC) saw the digital asset fall below $43,000, and this led to widespread liquidations in derivative markets as more than $3.54 billion was liquidated.  Amount of Liquidations in the past 24 hours by exchanges in total $3.54 was liquidated! In the past 24 hours, 330,243 traders were liquidated. The largest single liquidation order happened on @HuobiGlobal #BTC $BTC value $43.7M Data source: @bybt_com

SAN SALVADOR, Sept 7 (Reuters) – El Salvador on Tuesday became the first country to adopt bitcoin as legal tender, although it suffered teething problems when the government had to unplug a digital wallet to cope with demand. President Nayib Bukele, who pushed for adoption of the cryptocurrency, called for help from users who had already downloaded the government-backed app, to test if it was now working properly. “Could you please try to register and post in the comments if there are any… Source link

What happened The price of most cryptocurrencies fell on Tuesday morning after some hit new highs on Monday night. The price of Bitcoin (CRYPTO:BTC) had dropped roughly 11% as of noon EDT, while the prices of Ethereum (CRYPTO:ETH) and Dogecoin (CRYPTO:DOGE) had fallen roughly 12% and 18%, respectively. The fall in prices seemed to be attributed to market volatility commonly associated with the cryptocurrencies, and as El Salvador looks to implement… Source link

Litecoin awoke from a month-long slumber to follow the general sentiment in the market. The price of LTC broke above the $200 resistance, only to drop with the crypto market flash crash. At the time of writing, Litecoin trades at $181 with a 17.31% loss in the daily chart. LTC is on a downtrend in the daily chart. Source: LTCUSDT Tradingview The market seems to be reacting to the events triggered by El Salvador making Bitcoin legal tender. Whales could have used the bullish sentiment to… Source link