Bitcoin (CCC:BTC-USD) and Ethereum (CCC:ETH-USD) posted their largest one-day fall since March 2020 on May 19, with losses in the market capitalization for the entire cryptocurrency sector nearing $1 trillion. Source: Shutterstock Bitcoin dropped to $30,066 and Ethereum fell to as low as $1,850. The reason? China outlawed financial and payment institutions from providing cryptocurrency services. Cryptocurrency trading is illegal in China since 2019, part of President Xi… Source link

First Move’s Julia Chatterley spoke to Fred Thiel, CEO of Marathon Digital Holdings, Wednesday, where he spoke about the call, mining and climate and where bitcoin prices might go. Can you tell us what happened on that call and perhaps what role Elon Musk played, too? Thiel: I think the call’s purpose really was to help Elon understand really how power is used by the bitcoin mining industry and the bitcoin mining industry’s commitment to using carbon-neutral power. Overall our footprint will… Source link

Thousands of different cryptocurrencies exist, and many have captured the interest of investors. For example, Ethereum (CRYPTO:ETH) has surged nearly 1,100% over the past 12 months, even after the recent crypto market crash. Spurred by that popularity, PayPal (NASDAQ:PYPL) recently integrated cryptocurrency into its platform. In other words, investors can gain exposure to crypto without actually buying digital tokens. But which is the better… Source link

Litecoin Climbs 12% In Rally Investing.com – was trading at $201.298 by 05:56 (09:56 GMT) on the Investing.com Index on Wednesday, up 11.73% on the day. It was the largest one-day percentage gain since May 24. The move upwards pushed Litecoin’s market cap up to $13.510B, or 0.77% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $179.817 to $203.898 in the previous twenty-four hours. Over the past seven days,… Source link

Bitcoin and cryptocurrency prices have suddenly surged, bouncing back after a brutal week wiped more than $1 trillion from the crypto market. The bitcoin price has climbed back over the closely-watched $40,000 per bitcoin level, gaining almost 20% since the weekend when it dropped to around $30,000. Other major tokens, including ethereum, cardano, Binance’s BNB, and Ripple’s XRP rose alongside bitcoin—adding between 5% and 15%—although the meme-based, somewhat satirical dogecoin… Source link

The price of Bitcoin (BTC) has surpassed $40,000 on Wednesda, breaking above a key sell area for the first time in five days. Traders expect a broader rally to come and a bullish market structure to form if Bitcoin continues to rise above $42,000 and Ether (ETH) reclaims $3,000.  BTC/USD (orange) and ETH/USD (blue) 4-hour candle chart Source. TradingView $42,000 and $49,000 are key resistance levels Bitcoin has been recovering over the past week due to three major factors. First, Tesla CEO Elon… Source link

Ethereum Ethereum rose by 2.20% on Tuesday. Following a 26.25% rally from Monday, Ethereum ended the day at $2,707.56. A bullish start to the day saw Ethereum rise to an early morning intraday high $2,768.00 before hitting reverse. While falling short of the first major resistance level at $2,862, Ethereum briefly broke through the 38.2% FIB of S2,740. The reversal saw Ethereum fall back through the 38.2% FIB to a mid-day intraday low $2,383.39. Steering clear of the first major support level at… Source link

Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) are the top two cryptocurrencies around right now, as they have the two highest market caps out of all cryptocurrencies. The entire crypto market saw a crash last week and both of these cryptocurrencies took a hit. Below is a comparison of the charts over the past month. See Also: Ether What? Research Shows More Americans Heard About Dogecoin Than Ethereum Bitcoin Daily Chart Analysis: Bitcoin was… Source link

In this article, we will take a look at the 10 best cryptocurrencies Redditors are buying. You can skip our detailed analysis of these cryptocurrencies, and go directly to 5 Best Cryptocurrencies Redditors are Buying. The free fall in the prices of cryptocurrencies over the past week has exacerbated investor concerns around volatile technology stocks. However, market experts like Cathie Wood, who reportedly holds the largest institutional investment in cryptocurrencies through her firm, Ark… Source link

The Biden administration, lawmakers, and central bankers are wrestling with fresh challenges posed by cryptocurrency, conferring in numerous meetings amid recent volatility in digital assets. White House officials were briefed by career staff members at the Treasury Department about the risks posed by cryptocurrency earlier this month, said two people familiar with the matter. The issue has also been raised in conversations with federal regulators involving the department’s Office of the… Source link