Cryptocurrencies have taken the world by storm. Since 2013, the value of all cryptocurrencies in circulation has soared from $1.6 billion to more than $1.6 trillion at Wednesday’s prices, and roughly $1.4 trillion of that value was added in the past year, according to CoinMarketCap.   Bitcoin (CRYPTO:BTC) has been the leader of the pack, thanks to its first-mover advantage as the original cryptocurrency. However, in recent months, Ethereum (

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Editor’s note The information on this page should not be used as investment advice. Tom’s Guide can not tell you whether you should invest in a particular cryptocurrency, or in the market as a whole. Crypto prices can go down as well as up and you could get back less than you put in. Ethereum (ETH) is set to slash its energy consumption by 99.95% within months as it makes the transition to a new infrastructure model. The world’s second biggest cryptocurrency currently has a carbon footprint… Source link

Ethereum Ethereum tumbled by 27.63% on Wednesday. Reversing a 2.82% gain from Tuesday, Ethereum ended the day at $2,443.91. A mixed start to the day saw Ethereum rise to an early morning intraday high $3,444.96 before hitting reverse. Falling short of the first major resistance level at $3,549, Ethereum tumbled to an early afternoon intraday low $1,900.00. Ethereum fell through the day’s major support levels. More significantly, Ethereum also fell through the 23.6% FIB of $3,369 and the 38.2%… Source link

Voyager Digital CEO & Co-Founder Steve Ehrlich on bitcoin plunging below $36K, hitting its lowest level since January. Wednesday was a rough day for Bitcoin investors as the cryptocurrency plunged by as much as 30% from the prior day to a low of $30,201 by late afternoon. GET FOX BUSINESS ON THE GO BY CLICKING HERE Early Thursday, Bitcoin flirted with the $40,000 level, trading down 0.76% at $39,792 per Bitcoin, according to Coindesk. It fell as low as $30,066 on Wednesday. Keep in mind:… Source link

Bitcoin (BTC/USD), Ethereum (ETH/USD),Litecoin (LTC/USD), Technical Analysis – Talking Points Marketwide volatility hit cryptocurrencies on worst day since early 2020 Bitcoin could be vulnerable after prices took out the key 200-day SMA Ethereum eyeing 100-day SMA, Litecoin took out medium-term trendline Bitcoin Technical Outlook Bitcoin suffered its worst daily drop in over 14 months on Wednesday. Weakness wasn’t just isolated to BTC, but felt throughout digital currencies in one amplified… Source link

After losing 69% in 10 days, in what can only be described as a bloodbath, many will be wondering if the litecoin price can ever recover. After the sell-off earlier in the week, there seemed to be some signs of stability returning to the cryptocurrency market. Bitcoin had held around $48,000, Ethereum seemed to be finding some buying in the $36,00 to $38,00 range. When trading started yesterday, the Litecoin price was already down 30% from its 10th of May high of… Source link

Andy Warhol ‘Untitled (Self-Portrait)’ non-fungible token (tif) 4500 x 6000 pixels (bytes) Executed … [+] circa 1985; to be minted in 2021 Property from The Andy Warhol Foundation (Christie’s) The nascent use of Ethereum to buy digital artworks as non-fungible tokens dove deeper into uncertainty today with the abrupt sell-off of nearly every cryptocurrency after China doubled down on its ban on crypto services for its financial institutions.  Bitcoin’s price this morning sank… Source link

Bitcoin has had better days.  Getty Images Bitcoin, Dogecoin, Ethereum and seemingly every… Source link

Tesla’s CEO Elon Musk tweeted “Tesla has diamond hands” through a combination of text and emojis, … [+] implying that the company would not be selling its $1.7 billion bitcoin stake. Getty Images The big crypto sell-off continues. Earlier in the morning, bitcoin, the world’s largest cryptocurrency, briefly fell below $30,000 and had continued to trade south of $40,000 – the first time since early February – for a few hours before making a comeback above the key… Source link