Bitcoin’s price rally has stalled after a blistering start to the year with ethereum, the second-largest cryptocurrency after bitcoin, also falling sharply from its peak. The bitcoin price has lost a third of its value since soaring to almost $65,000 per bitcoin in April while the ethereum price has crashed by almost 50% from its mid-May high—though ethereum’s rally has dwarfed the bitcoin price surge over the last 12 months. As Wall Street giants and retail investors flood the crypto… Source link

With the popularity of cryptocurrencies reaching an all-time high in 2021, many traditional investors are beginning to flock to the space in search of the extreme volatility they scorned for so long. With the advent of the GameStop and AMC short squeezes, this volatility has been normalized and retail investors are turning to DeFi cryptocurrencies like Ethereum, Uniswap, AAVE and Polygon to get their fix for high percentage returns. Ethereum is a global computer powered by a decentralized… Source link

Bitcoin stalled for most of Monday before making another run at $40,000 as of press time. The world’s largest cryptocurrency by market valueis holding support above $36,000 and remains up about 20% over the past seven days.  Some analysts are optimistic about a decisive break above $40,000 while others prefer to see stronger signs of upside momentum before calling a bottom in bitcoin. Latest prices Bitcoin (BTC): $39752.7, -0.3% Ether (ETH): $2523.88, -0.85% “Bitcoin is at its highest level… Source link

Text size The security of Bitcoin is also a concern for Goldman Sachs’ Investment Strategy Group. Dreamstime As Bitcoin soared to new highs over the past year, many wondered if they should invest in it. Now, a team at Goldman Sachs  is telling retail investors that the digital currency… Source link

Gas fees or transaction costs on the Ethereum blockchain have dropped significantly over the past month. According to The Block’s Data Dashboard, the average transaction fee on Ethereum is now around $4.5 from nearly $45 a month ago — a whopping 90% decline. The average transaction fees are now at a six-month low, per the Data Dashboard. (The data is a 7-day moving average (7MDA), meaning it is the average of the last seven days and indicates a short-term trend). So why have the gas fees… Source link

On Monday morning, Kim Kardashian posted this Story to her more than 210 million Instagram followers: Kim Kardashian ad for ethereum max(Kim Kardashian) Plenty of celebrities and influencers have promoted cryptocurrency and blockchain projects over the years, including huge names like DJ Khaled and Paris Hilton. But Kim K’s post is almost certainly the biggest single piece of social-media crypto promotion ever in terms of absolute reach. And it comes on the heels of shoutouts for ethereum… Source link

Criminal use of the Monero cryptocurrency is expected to increase significantly in the future, Justin Ehrenhofer, a member of the coin’s development community has told Newsweek. The use of cryptocurrency in cybercrime has risen to prominence in recent weeks following the Colonial Pipeline hack in May, which forced pipeline officials to pay a Bitcoin ransom worth $4.4 million. The FBI later confirmed a criminal organization known as DarkSide was responsible for the attack. Last week, U.S…. Source link

While bitcoin sees signs of life after a month of dashed hopes, experts warn it may be too early to call a resumption of the broader bull run.  The cryptocurrency reached 2 1/2-week highs above $40,000 early Tuesday, having found bids near $36,000 over the weekend after Tesla CEO Elon Musk said the carmaker could resume bitcoin transactions should miners meet environmental standards.  Some observers see Musk’s comments as massively bullish because they show that concern over the negative… Source link

Fund managers aren’t sold that bitcoin (BTC-USD) is a screaming buy after the cryptocurrency’s rout.  Eighty-one percent of fund managers polled in a new Bank of America survey say bitcoin is still a bubble despite the steep price pullback. Investors view bitcoin as the second most crowded traded (investors love bitcoin perhaps too much) behind being long commodities.  A total of 224 fund managers with $667 billion in assets under management participated in the survey. To be sure, bitcoin… Source link

A survey shows hedge funds plan to increase their exposure to cryptocurrencies by 2026. Photo: Getty Images Bitcoin dropped below $40,000 (£28,410) on Tuesday morning even as a survey showed hedge funds interest is on the up and billionaire venture capitalist Tim Draper said he is sticking by his prediction that the cryptocurrency will reach $250,000 by the end of 2022 or early 2023. Bitcoin (BTC-USD) was down 1% and trading at $39,717 a day after it got a boost as American hedge fund magnate… Source link