Bitcoin is becoming an increasingly popular payment option among many companies. Fast-food chains, big tech firms, and leading drinks companies are embracing cryptocurrencies. See more stories on Insider’s business page. Rarely does a news cycle go by without some mention of bitcoin’s growing popularity, from fans and skeptics alike.  Its prices on trading… Source link

The U.S. dollar is starting to weaken once again as sellers are pushing the U.S. Dollar Index (DXY) downward, which could strengthen the momentum of Bitcoin (BTC) in the near term. Alternative assets like Bitcoin and gold are priced against the dollar. Hence, when the DXY starts to drop, it often causes BTC to rally against the dollar. BTC/USD (orange) vs. DXY (green). Source: Tradingview Dollar’s share of global reserves is dropping fast According to Holger Zschaepitz, a market analyst at Welt,… Source link

Now that Ether’s (ETH) price broke the $2,000 level, hitting all-time highs this week, traders became excessively bullish and are expecting more upside in the short-term.  Some analysts believe Visa’s initial USD Coin (USDC) stablecoin transaction settlement on the Ethereum network kicked off the most recent rally. Others attribute the current Ether hike to a “triangle market structure” breakout. Regardless of the cause behind the recent 25% rally, professional traders seem highly… Source link

Litecoin is trading at around $200… still. The altcoin has failed to set a new all-time high like Bitcoin, Ethereum, and others in the top ten have, yet it has clung onto the ranks for its entire lifetime. A signal has appeared – across several of the highest timeframes – that could suggest that the long downtrend against Bitcoin is about to come to an explosive ending. Litecoin Loses Luster During Bear Market, Can’t Catch A Spark Few coins have had as difficult of a time recovering… Source link

Bitcoin is trading in contango. But what does this mean? “Contango is a situation where the futures price of a commodity is higher than the spot price.” –Investopedia Now, what’s a futures contract? “A futures contract is a legal agreement to buy or sell a particular commodity asset, or security at a predetermined price at a specified time in the future.” –Investopedia Currently, the spot price (market price for bitcoin on exchanges) trades lower than futures prices. The spread for the… Source link

Bitcoin has won its fair share of Wall Street supporters this year amid a bull run that’s seen it soar around 500%. The bitcoin price hit highs of just over $60,000 per bitcoin last month before falling back slightly but has since made up lost ground. Meanwhile, the broader cryptocurrency market has surged to almost $2 trillion—boosted by decentralized finance (DeFi) tokens. Now, analysts at Wall Street banking giant and former bitcoin skeptic JPMorgan have said bitcoin could climb as… Source link

Crypto / Investing Larina Marina / Getty Images Litecoin is a cryptocurrency, but it is not new. It entered the market a decade ago as an early competitor to Bitcoin in 2011. As Bitcoin grew, Litecoin trailed behind, getting lost in the competition as new… Source link

With no short-term solution in sight for the surging network fees, some investors are afraid that Ether (ETH) price could face a correction. The EIP-1559 proposal is set to be bundled with the impending London upgrade, and this will change the gas fee structure, but traders are left to deal with high fees until then. The flexible block size proposal aims for a more predictable fee pricing model, but this upgrade is scheduled for July, meaning, in the short term, Ether could be subject to… Source link

Bitcoin has been trading close to $60,000 over the last several days. Photo by: STRF/STAR MAX/IPx … [+] 2021 3/13/21 Bitcoin rises above $60K to a new record high. STRF/STAR MAX/IPx Bitcoin prices have been trading close to $60,000 lately, fluctuating near this key, psychological level as the cryptocurrency markets benefit from a steady supply of bullish news developments. Lately, the world’s most prominent digital currency has repeatedly tested the $60,000 level, rising… Source link

The leading cryptocurrency whose behavior affects the entire digital currency market is bitcoin. Its dominance is around 60% and it marks the cycles through which this market moves. When it began to be noticed at the beginning of its existence, and investors saw opportunities in it, other cryptocurrencies were created in its wake. They tried to ultimately solve various problems and shortcomings that were noticed in the bitcoin network. As we can see, most of them ended with a poor result,… Source link