Bitcoin bounced to around $32,200 after touching a 2.5-week low early Friday near $31,000.  The largest cryptocurrency by market value may have been buoyed by a CoinDesk report that Bank of America has approved trading in bitcoin futures for some clients, according to Edward Moya, senior market analyst for Oanda.  “This is a big commitment for America’s second-largest bank and signals that interest in trading cryptocurrencies is here to stay,” Moya wrote in an email. “On Wall Street,… Source link

Follow @crypto Twitter for the latest news. Bitcoin has been grinding lower in a trading range just above $30,000, prompting cryptocurrency insiders to flag the round number as a potential floor for the virtual coin. Crypto prognostication is fraught with risk, not least because Bitcoin’s price has roughly halved from a record high three months ago. Even so, some in the industry are coalescing around $30,000 as a support point, citing clues from options activity and… Source link

Ethereum Ethereum slid by 3.81% on Thursday. Reversing a 2.77% gain from Wednesday, Ethereum ended the day at $1,918.07. A mixed start to the day saw Ethereum rise to an early morning intraday high $2,039.99 before hitting reverse. Falling short of the first major resistance level at $2,054, Ethereum slid to a late afternoon intraday low $1,880.00. Ethereum fell through the first major support level at $1,900 before a partial recovery to end the day at $1,918 levels. At the time of writing,… Source link

Apifiny CEO Haohan Xu sees ether rising back to $4,000. Xu said ether and DeFi are still not understood and attention will shift toward them. He also told Insider he thinks DeFi will a play prominent in the financial system. See more stories on Insider’s business page. Ethereum is about to get its time in the spotlight, says Haohan Xu. Xu, the founder and CEO of… Source link

Litecoin price is showing a bullish reaction as it tags the $124.62 support level. A further build-up of buying pressure is likely to propel LTC by 20% to $149.22. If the bears lead to a breakdown of the support floor at $118, the bullish thesis will face invalidation. Litecoin price is currently indicating a reversal in price after a two-week consolidation phase. LTC is likely to retest the upper limit of this range in an attempt to shatter it. Litecoin price… Source link

Bitcoin remains on a downward trajectory toward $32,000 despite rallying as much as 4.6% during the early trading hours in Asia on Wednesday. Bouncing from a 24-hour low of $31,620, prices were hovering just around $32,500 at press time after reaching a 24-hour high of $33,182, CoinDesk data show. The gradual slide is continuing to eat into year-to-date gains, which stand just above 12%. Intraday volume for the world’s oldest cryptocurrency remains considerably lower than weeks past, with… Source link

China’s share of global electricity usage for bitcoin mining fell to under half for the first time this April, while Kazakhstan has catapulted to third place as its share of mining increased sixfold. China’s global hashrate, the computational power required to mine new bitcoins, fell from over 75 per cent to 46 per cent of the global total between September 2019 and April 2021, according to data from the Cambridge Centre for Alternative Finance. The following month, Source link

If you are looking for lightning-fast transactions, with complete anonymity – look no further than the popular privacy coin Monero. Just about any Joe Investor can buy Monero these days – however, it’s important to have a good broker of crypto exchange on your side for the smoothest experience possible. Today, we talk about every aspect of how to buy Monero in the UK. This includes the best two cryptocurrency platforms to facilitate your purchase, the key advantages of this crypto… Source link

Ethereum Ethereum rose by 2.77% on Wednesday. Partially reversing a 4.43% fall from Tuesday, Ethereum ended the day at $1,994.11. A bearish start to the day saw Ethereum fall to a late morning intraday low $1,865.50 before making a move. Ethereum fell through the first major support level at $1,890 before rallying to an early afternoon intraday high $2,019.90. Coming up against the first major resistance level at $2,020, however, Ethereum slipped back to end the day at sub-$2,000 levels. At the… Source link

Ethereum’s native token Ether (ETH) reclaimed $2,000 in the early New York trading hours Wednesday as crypto traders assessed the Federal Reserve Chairman Jerome Powell’s prepared congressional testimony. The ETH/USD exchange rate surged 7.19% to reach its intraday high of $2,019.90. Likewise, Bitcoin (BTC), whose 7-day positive correlation with Ether stands at 0.84 above zero, climbed, albeit by a modest 0.75%, hitting $32,379. Ether bounces of key support area Wednesday morning. Source:… Source link