Riding on the back of Bitcoin’s surge to $45k, most of the alts started witnessing upticks. Interesting, at the time of writing, only 12 cryptos out of the top 100 reflected negative weekly returns. The remaining 88 seemed to be relishing their gains. Picking alts for your portfolio, at this juncture, might be pretty daunting. However, analyzing correlation, profitability and ownership distribution might help. Correlation  Historically, alts that have been more dependent on Bitcoin and… Source link

Etherchain, an Ethereum on-chain tracking tool, indicates that the leading smart contract platform has burned thousands of ETH just three days after implementing a crucial update. On August 5th, Ethereum officially launched the London hard fork, which consists of several Ethereum improvement proposals, including EIP-1559. The update introduces a fee-burning mechanism to the Ethereum network that permanently removes a certain amount of ETH from the circulating supply each time a… Source link

Ethereum is now six years old. But in that short time frame since its launch on July 30, 2015, a lot has happened. Ethereum has established itself as the most actively used blockchain network, while its native token, ether, is now the second-largest cryptocurrency by both market capitalization and daily volume. To mark its sixth birthday, we examine six reasons why ethereum has intrinsic value. 1) Smart Contract Capability Ethereum was built as a platform to run programmatic smart contracts and… Source link

Litecoin (LTC) is the number 15 cryptocurrency, which is nothing to scoff at. That said, it’s on the downturn since its all-time high valuation just three months ago. So, is Litecoin dead? Will LTC make a full recovery in 2021? Here’s the lowdown on the health of Litecoin, plus where it might go this year and later. Will Litecoin (LTC) recover in 2021? Litecoin (LTC) is on the rise at the time of writing. Although the price change is small at just +0.16% in the last 24 hours, this uptick… Source link

Bitcoin (BTC) hit $46,000 on Aug. 9 as macro factors failed to dent enthusiasm after 18% weekly gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading above $45,500 at the time of writing Monday. After reaching local highs overnight, Bitcoin saw a comedown as the new week began, but this quickly U-turned to produce a three-month peak of $46,090. With a correction yet to kick in, analysts were firmly bullish… Source link

Bitcoin or Litecoin: Which One Should You Choose? and are the gold and silver of the crypto industry. Bitcoin is the oldest, most popular currency but has a very limited supply. Litecoin is much faster, has more supply, and is easier to mine but it’s not as popular. A large number of people are interested in purchasing cryptocurrency. Although there are many, the most popular are Bitcoin, Litecoin, , and . Bitcoin is the most well-known, but is it the best option? Actually, each one… Source link

After a bearish day for the crypto majors on Sunday, it has been a bullish morning for Bitcoin and the broader crypto market. At the time of writing, Bitcoin, BTC to USD, was up by 4.28% to $45,669.0. A mixed start to the day saw Bitcoin fall to an early morning low $42,790.0 before finding support. Bitcoin fell through the first major support level at $42,797 before rallying to a late morning current day high $45,833.1. Bitcoin broke through the first major resistance level at $44,929 to test… Source link

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The scale of Bitcoin’s (BTC) ongoing downside correction might not be as alarming as it was in 2018, indicates data shared by Glassnode. The blockchain analytics firm reported that investors who have held Bitcoin for more than one year showed a lesser interest in liquidating their investments versus those who held the digital asset for three to six months. Its dataset covered the period of Bitcoin’s correction from around $65,000 on April 14 to around $44,000 on Monday. Bitcoin spent… Source link

Check out what’s clicking on FoxBusiness.com. Bitcoin is slightly lower Monday morning, trading slightly above the $43,000 level. The price was hovering about $43,715 per coin early Monday, while rivals Ethereum and Dogecoin were trading around $2,940 and 24 cents per coin, respectively, according to Coindesk. Bitcoin reached its highest point in almost three months Saturday before paring back some of the weekend’s gains. BIDEN SPURNS POWERFUL DEM ON CRYPTOCURRENCY REGULATION IN… Source link