Follow us @crypto for our full coverage. Bitcoin’s recent bounce has yet to dispel doubts about its vulnerability. The cryptocurrency has jumped 10% over two days and was trading at $36,993 as of 9 a.m. in London on Thursday. While the momentum may cheer bulls, a JPMorgan Chase & Co. team said backwardation in the futures market — where the spot price is above futures prices — is a reason for caution. “We believe that the return to backwardation… Source link

Ethereum Ethereum rose by 4.07% on Wednesday. Reversing a 3.22% fall from Tuesday, Ethereum ended the day at $2,611.27. A bearish start to the day saw Ethereum fall to an early morning intraday low $2,406.33 before making a move. Steering clear of the first major support level at $2,338, Ethereum rallied to a late afternoon intraday high $2,628.16. Coming within range of the first major resistance level at $2,651, Ethereum eased back to end the day at $2,611 levels. At the time of writing,… Source link

In this article we discuss the 10 biggest Bitcoin predictions in 2021. If you want to skip our detailed analysis of these predictions, go directly to the 5 Biggest Bitcoin Predictions in 2021. Bitcoin, the most popular cryptocurrency, has fallen by close to half in value from a peak of around $64,000 since April, resulting in social media speculation around crypto-related stocks in general and the future of blockchain technology in particular. Some of these concerns have come amid a renewed… Source link

Litecoin (CRYPTO:LTC) is one of the frontrunners in the cryptocurrency market behind Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH). With the recent dip in the entirety of the crypto market, Litecoin lost some gains as well. Now Litecoin is looking to find some support near a previous key level and possibly start moving higher once again. Litecoin was down 5.6% at $169.77 at last check. Litecoin Daily Chart Analysis: Litecoin broke through support… Source link

In February 2021, as the price of bitcoin neared $50,000, investors were enthusiastically asking if its price would reach $100,000 in 2021. With the price of bitcoin currently hovering around $36,300, investors might be asking the same question, but with less enthusiasm. I suggest that the answer to the question today, in June, is the same as it was in February; and that answer is “quite possibly, but unlikely.” As bitcoins skyrocket to more than $12 000 for one BTC, many central… Source link

Top cryptocurrencies have been tearing it up in the past year, and Litecoin (CCC:LTC-USD) is no exception. The price of Litecoin has nearly tripled in the past 12 months. However, with so many cryptos to choose from, it can be difficult for investors to know where to start. Source: Shutterstock Here’s a look at the pros and cons of buying LTC. Litecoin Pros Liquidity: With a market cap of $11.6 billion, Litecoin is currently one of the 10 most valuable cryptos. That size means… Source link

Here’s something different. The Ethereum/Bitcoin ratio pattern just changed and it may be something to watch. For the last few weeks, Ethereum has been looking like high-beta Bitcoin. When Bitcoin went up, Ethereum went up more. When Bitcoin went down, Ethereum went down more. This was starting to catch the attention of a lot of people on Wall Street. And, in general, there’s been a lot of attention paid to Ethereum’s relative strength — particularly on the way up.  But for the… Source link

Here’s something different. The Ethereum/Bitcoin ratio pattern just changed and it may be something to watch. For the last few weeks, Ethereum has been looking like high-beta Bitcoin. When Bitcoin went up, Ethereum went up more. When Bitcoin went down, Ethereum went down more. This was starting to catch the attention of a lot of people on Wall Street. And, in general, there’s been a lot of attention paid to Ethereum’s relative strength — particularly on the way up.  … Source link

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The first Ethereum node was launched into outer space on Thursday, June 3, as part of an initiative to bring enhanced security to blockchain transactions.  Also, the Ethereum 2.0 network received a record-breaking number of new deposits in May, indicating increased interest for and investment in Ethereum’s plans to reduce blockchain energy consumption through a proof-of-stake (PoS) consensus protocol.  Pulse check: Deposits on Eth 2.0 hit record high (As of 6/8/2021 @ 20:47 UTC) In May, the… Source link