Bitcoin broached the $50,000 level once again as the wider cryptocurrency market continued its rally. The largest cryptocurrency rose as high as $50,362 on Thursday, having briefly surpassed $50,000 on Aug. 23 as well — a level it hadn’t hit since mid-May. Ether, the second-largest crypto, rose as much as 3% to $3,843, continuing a strong run after its London upgrade early last month.  Source link

Bitcoin (BTC) swiftly reclaimed $50,000 on Sep. 2 as bears felt maximum pain and lost hundreds of millions of dollars. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin sparks a fresh bear bloodbath Data from Cointelegraph Markets Pro and TradingView showed BTC/USD suddenly breaking through the $50,000 mark to hit its highest since Aug. 23. After a night of bullish action, the pair left its lower trading range of recent weeks behind, with volatility still significant at the… Source link

Ethereum Ethereum surged by 11.64% on Wednesday. Following a 6.23% rally on Tuesday, Ethereum ended the day at $3,829.39. A mixed start to the day saw Ethereum fall to an early morning intraday low $3,384.24 before making a move. Steering clear of the 23.6% FIB of $3,369 and the first major support level at $3,252, Ethereum rallied to a late intraday high $3,843.12. Ethereum broke through the first major resistance level at $3,548 and the second major resistance level at $3,665 to end the day at… Source link

Bitcoin (BTC) failed to break the critical $50,000 psychological barrier on Aug. 23 and has since then retested the $47,000 support. If historical data plays any role in Bitcoin price, the month of September presented negative performances in 4 of the previous 5 years. Cointelegraph contributor and market analyst Michaël van de Poppe recently said that Ether’s (ETH) break above $3,500 could be a leading indicator for Bitcoin’s next bull run, and now that Ether trades at $3,700, traders… Source link

Popular analyst Will Clemente believes that Bitcoin could trend higher in the coming months as on-chain data flash bullish signals. The prominent on-chain strategist tells his 209,100 followers that he’s closely watching Bitcoin’s illiquid supply relevant strength indicator (RSI). The indicator follows the momentum of Bitcoin accumulation by running the 365-day stochastic RSI over the 30-day net change of BTC illiquid supply.   “This wave of Bitcoin supply shock has the most… Source link

Shares of crypto-related stocks, including Marathon Digital Holdings Inc (NASDAQ: MARA), Riot Blockchain Inc (NASDAQ: RIOT) and Coinbase Global Inc (NASDAQ: COIN) are trading higher amid an increase in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). Bitcoin is trading higher by 3.7% at $48,800. Ethereum is trading higher by 7.5% at $3,700. Marathon Digital focuses on mining digital assets. It owns crypto-currency mining machines and a data center to mine digital assets. The… Source link

Litecoin was quite bullish until the middle of May, but since the crash in the crypto market, it has been looking increasingly bearish. It lost a big part of the value during the crash and while other cryptocurrencies have turned bullish again, Litecoin has stagnated below moving averages. Litecoin increased to $190 according to my forex broker, but it has been unable to make new highs and in fact, the highs have been getting lower for this crypto during the last two weeks, while Ethereum is… Source link

Litecoin price is observing a strong upside momentum for the new high in the future. It might soon see a new high in the future. LTC might see a reversal in trend once the BTC starts to pick upside momentum. Meanwhile, LTC/BTC pair shows strength to reach new highs. LTC coin price is observing a weak upside momentum but can soon revert to the new high in the upcoming days. Litecoin price has observed a gain of more than 0.5% in the past 24 hours and is trading near the value of $170. The… Source link

Had you invested just $5,000 in Ethereum (CRYPTO:ETH) at the beginning of the year, your investment would be worth more than $22,360 as of Aug. 28. Its namesake network is advancing far beyond the realm of making uni-dimensional monetary transfers like Bitcoin (CRYPTO: BTC) or even smart contracts. Instead, it is rapidly evolving into a cyberorganism where decentralized digital infrastructures and marketplaces alike are developing on this network. 

Bitcoin (BTC) has been seeing some consolidation below $50,000 as a psychological barrier. However, during this pullback, several big altcoins have been surging in price, suggesting that the alt season isn’t over yet. Meanwhile, Bitcoin’s price faces a crucial resistance to break through, while Ether (ETH) is already cracking that resistance, hitting a three-month high versus BTC and facing a run toward the next resistance around the all-time high. The primary question is now whether this… Source link