Ethereum Ethereum rose by 4.01% on Friday. Reversing a 1.08% fall from Thursday, Ethereum ended the day at $3,940.06. A mixed start to the day saw Ethereum fall to an early morning intraday low $3,710.59 before making a move. Ethereum fell through the first major support level at $3,728 before rallying to an early afternoon intraday high $4,030.35. Ethereum broke through the day’s major resistance levels before a late pullback to sub-$4,000. The pullback saw Ethereum fall back through the third… Source link

Most altcoins have recovered well over the past few weeks on the back of Bitcoin’s push above $50k. Litecoin, the cryptocurrency ranked 16th by market cap, also appreciated on the charts, noting gains of 38% gains in August alone.  While there has been a strong historical correlation between Litecoin’s price trajectory and the king coin’s movement, this Litecoin rally seems to have different potential. Exciting price action  On the daily chart, Litecoin faced a major resistance at… Source link

Text size Bitcoin tends to fall in September. Dreamstime Cryptocurrencies’ hot summer shows no signs of cooling off. … Source link

Cryptocurrencies are once more taking the limelight of traditional currencies. Despite the US NFP report traditionally being hailed as a prime event for currency markets, it is hard for most to understand today’s price action in the EURUSD. Today’s trading in Litecoin is however as straight forward as it can be.  With the behemoths, Bitcoin, and Ethereum recuperating large parts of their summer losses, coins such as Litecoin have been lagging, but this looks to… Source link

Ether (ETH) returned to $4,000 on Sept. 3 for the first time since May as a solid week of gains culminated in a major price milestone. Against month-to-date gains of $600, the pair reclaimed the historic level it had lost in the dramatic trend reversal that rocked the cryptocurrency market roughly three months ago. In so doing, Ether broke out of its three-month trading zone, with $4,025 just $350 away from all-time highs. ETH/USD 1-day candle chart (Bitstamp). Source: TradingView In terms of… Source link

Key Takeaways Ethereum is back above $4,000 after breaking out of a consolidation pattern. The bullish impulse coincides with an increase in the number of large Ether transactions. The network activity suggests that whales may be positioning themselves for higher highs. Share this article Ethereum is making headlines again, after surging by more than 18% within the past four days to test the psychological $4,000 level.  Ethereum Breaks $4,000 The second-largest cryptocurrency… Source link

Litecoin Climbs 11% As Investors Gain Confidence Investing.com – was trading at $201.782 by 10:28 (14:28 GMT) on the Investing.com Index on Friday, up 11.14% on the day. It was the largest one-day percentage gain since August 9. The move upwards pushed Litecoin’s market cap up to $13.416B, or 0.59% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $180.037 to $201.967 in the previous twenty-four hours. Over the… Source link

The S&P 500 slid to the intraday highs of Sept. 2 while Bitcoin (BTC) climbed to its highest levels in more than three months. The moves came as a key report on Sept. 3 showed that the United States economy added fewer jobs than anticipated, lowering the Federal Reserve’s likelihood to start unwinding its stimulus program this year. The U.S. Bureau of Labor Statistics revealed that nonfarm payrolls (NFPs) grew by 235,000 in August, against expectations of 733,000 positions. Nevertheless, the… Source link

In 2009, you could mine one Bitcoin using a setup like this in your living room. Amount of household electricity required to mine one coin: a few seconds’ worth. Bitcoin’s value: basically nothing. Today, you’d need a room full of specialized machines, each costing thousands of dollars.

Ethereum Ethereum fell by 1.08% on Thursday. Following an 11.64% surge on Wednesday, Ethereum ended the day at $3,787.97. A mixed start to the day saw Ethereum rise to an early morning intraday high $3,838.28 before hitting reverse. Falling short of the first major resistance level at $3,987, however, Ethereum fell to a mid-morning intraday low $3,722.65. Steering clear of the first major support level at $3,528, Ethereum bounced back to an early afternoon high $3,834.98. Continuing to fall short… Source link