The bitcoin price has soared in 2021 NurPhoto/Getty Images Cryptocurrency firms DMG Blockchain Solutions and Argo Blockchain are launching what they say will be the world’s first bitcoin mining pool powered by clean energy in an attempt to better manage the impact of bitcoin mining on the climate. The mining operation aims to mint the first “green bitcoin”. DMG and Argo Blockchain announced on Friday the launch of Terra Pool. It will initially consist of both DMG’s and Argo’s… Source link

Ether (ETH) rebounded from a $1,550 low on March 24, which marked a 17% fall from the $1,870 weekly high. Even though the $1.15 billion options expiry in the early hours of March 26 could have pressured Ether price, the continuing surge in gas fees for Ethereum transactions likely played a part. To better assess these forces, one should analyze top traders’ exposure using data provided by the largest crypto exchanges. If the case for the options expiry holds, the long-to-short data from… Source link

Bitcoin replica coins are seen on November 13, 2017 Jaap Arriens/NurPhoto via Getty Images UBS Global Wealth Management said it is “unconvinced” bitcoin’s recent rise is different from previous speculative bubbles. UBS’s chief investment office said in a note on Friday that speculation in bitcoin is a “gamble.” The team argued bitcoin’s “limited real world use” and “extraordinary price volatility” makes for a poor investment. Sign up here for our daily newsletter, 10 Things Before the… Source link

Bloomberg A Week After Brazil’s Bold Rate Hike, Traders Ask for More (Bloomberg) — It took just over a week for Brazil’s traders to look past the central bank’s guidance and ask for even more rate hikes.Despite the larger-than-expected increase at the last meeting, the market is now pricing in a full-point hike for May, ignoring an already hawkish pledge from the bank to raise rates by another 75 basis points. The worsening of the pandemic, investors say, may lead the government to… Source link

The altcoin markets saw strong losses in recent hours, but Ethereum Classic and Uniswap could post quick recoveries. Monero had faced difficulty climbing above $230 but had strong demand at $205. Ethereum Classic [ETC] Source: ETC/USDT on TradingView Ethereum Classic slipped beneath the $11.4 mark and retested it as resistance, but OBV showed that the recent wave of selling pressure did not have a great volume of selling. This indicated that a recovery, once impetus shifted in favor of the… Source link

Editorial Note: Forbes may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Getty Ethereum is often referred to as the second most popular cryptocurrency, after Bitcoin. But unlike Bitcoin—and most other virtual currencies—Ethereum is intended to be much more than simply a medium of exchange or a store of value. Instead,… Source link

Ethereum Ethereum rose by 0.32% on Thursday. Partially reversing a 5.19% slide from Wednesday, Ethereum ended the day at $1,587.08. A bearish start to the day saw Ethereum fall to an early morning intraday low $1,548.69 before making a move. While steering clear of the first major support level at $1,508, Ethereum fell through the 23.6% FIB of $1,579. Finding support in the early hours, however, Ethereum rallied to a late morning intraday high $1,622.27 before hitting reverse. While falling short… Source link

Litecoin price set to close the week below the 10-week simple moving average (SMA) for the first time since October 2020. Bearish momentum divergence at the February high was a caution flag for traders. LTC popularity on Google fading despite trading near the rally highs.  Litecoin (LTC) price has been in a furious tug-of-war with the 0.50 retracement level of the 2017-2018 bear market throughout February and March. It was a warning that LTC needed to notably correct,… Source link

Key Takeaways Bitcoin has endured an 18% correction over the past two weeks and now sits on top of stable support. Ethereum whales are slowly reentering the network as a number of new buy signals pop up in the market. Despite the significant losses incurred recently, it seems that both cryptocurrencies are poised to rebound. Share this article Sidelined investors appear to be taking advantage of a recent downswing to reenter the crypto market. The sudden spike in buying pressure could help… Source link

Bitcoin (BTC) trading around $52,184.38 as of 20:00 UTC (4 p.m. ET). Slipping 4.77% over the previous 24 hours. Bitcoin’s 24-hour range: $50,458.10-$54,762.75 (CoinDesk 20) BTC trades between its 10-hour and 50-hour averages on the hourly chart, a sideways signal for market technicians. Bitcoin trading on CoinbaseSource: TradingView Bitcoin traders urged caution as prices for the cryptocurrency slid toward $50,000 for the first time in two weeks while the options market braced for volatility… Source link