Litecoin (CCC:LTC-USD) is down nearly 50% from all-time highs it reached earlier in May. However, if you’re a cryptocurrency investor this shouldn’t really be a concern. Source: Shutterstock Expecting to invest in crypto without massive price swings is like getting on a water slide and expecting not to get wet.   In my mind, the question isn’t even so much about whether now is a good time to buy Litecoin. It may have further to drop. After all, as I wrote back in… Source link

Two technicians inspect Bitcoin mining at Bitfarms in Quebec. LARS HAGBERG/AFP via Getty Images Text size Bitcoin is down 4.3%—and though it might not seem like it, that’s good news. If Bitcoin were the stock market, Tuesday’s drop would be frightening. For Bitcoin, it’s nothing. The cryptocurrency has… Source link

Check out what’s clicking on FoxBusiness.com. Bitcoin gained more than 4% overnight, and as of 6 a.m. ET is trading at close to $38,000. Just after midnight eastern time, the cryptocurrency stood at $38,289 before beginning a steady decline throughout the night, reach a low of $37,833 at 12:21 a.m. before once again beginning to rise. BITCOIN MINERS AGREE TO FORM COUNCIL AMID MEETING WITH ELON MUSK By 3:16 a.m., it reached its overnight high of $39,197, Coindesk reported. Meanwhile,… Source link

The chief executive told Reuters in an interview this week that his bank has no plans to launch a cryptocurrency trading desk, and “given the volatility, we are not into bitcoin as an asset class.” HSBC confirmed Quinn’s remarks to CNN Business but declined to comment further. Bitcoin (XBT) is currently on a roller coaster ride. The virtual currency has continuously made headlines for its wild price swings, and has dropped more than 30% in value this month alone, from roughly $58,000 to just… Source link

Ethereum Ethereum surged by 26.25% on Monday. Reversing an 8.58% slide from the previous day, Ethereum ended the day at $2,651.24. A mixed start to the day saw Ethereum fall to an early morning intraday low $2,072.15 before making a move. Steering clear of the first major support level at $1,756, Ethereum rallied to a late intraday high $2,678.25. Ethereum broke through the first major resistance level at $2,412 to wrap up the day at $2,650 levels. At the time of writing, Ethereum was up by 2.67%… Source link

The Litecoin price has done relatively well in the past few sessions. The LTC price is trading at $178.80, which is 52% above the lowest level last week. It has a market cap of more than $12 billion and is the 13th biggest cryptocurrency in the world. Litecoin news: Litecoin is a digital currency that is used to make transactions. It was developed using the same concepts as Bitcoin. Over the years, the number of people using the currency for transactions has been… Source link

Cryptocurrencies have had a tough time recently. After reaching its peak of around $4,200 per token in mid-May, the price of Ethereum (CRYPTO:ETH) has plummeted by more than 40% over the past week. However, the current crypto crash doesn’t necessarily mean it’s a bad time to buy. If you’ve done your research and have decided you’re interested in investing in Ethereum, it can be a smart move to buy when the price is lower. This way, you can get more… Source link

Amid the devastation within the cryptocurrency sector, many of the popular and more reasonably priced digital assets suffered disproportionately. Litecoin (CCC:LTC-USD), which was once the original altcoin or alternative cryptocurrency to Bitcoin (CCC:BTC-USD), was among the hardest hit of the well-known cryptos. Source: Shutterstock Bitcoin shed more than 14% of market value over the trailing seven days. In contrast, Litecoin fared much worse, dropping 38% in the same comparison…. Source link

Bitcoin and Ethereum prices are making a comeback, following two weeks of market losses. Bitcoin rebounded 13 per cent for a value of USD$38,000, while the world’s second largest cryptocurrency, Ethereum, is up more than 27 per cent, worth just under USD$2,475. Bitcoin’s value was chopped in half just weeks after April’s record peak of $64,895. The cryptocurrency’s markets operate 24/7, meaning prices can drastically change at any hour. Read more: Bitcoin rebound comes under… Source link

Founder of Ethereum Vitalik Buterin during TechCrunch Disrupt London 2015 John Phillips/Getty Images for TechCrunch Ethereum’s price rose roughly 40% to briefly touch $2,500 per coin on Monday. The jump in price came after a brutal sell-off last week for the second-largest cryptocurrency by market cap. Despite a recent drop in prices, new research shows ether miners made a record $1.93 billion in revenue in May. Sign up here for our daily newsletter, 10 Things Before the Opening… Source link