The 42-year-old says he first invested $40,000 in Bitcoin in 2017, and quickly made his money back as the value of the coins rose on the open market. He cashed out and got his initial money back, but then watched excitedly over the years as the 10 coins grew to be worth nearly 500,000 euros. Source link

Network congestion and high transaction costs on the Ethereum (ETH) network have been a persistent issue for investors and developers for the past year and this has shone a spotlight on blockchain projects that offer a solution to these issues.  One class of tokens that has received a boost in both trading volume and price over the past two months are gas tokens that help power transactions on their respective blockchain networks. VTHO/USDT vs. GAS/USD vs. ONG/USDT 4-hour chart. Source: Source link

Bitcoin (BTC) trading around $56,671.15 as of 20:00 UTC (4 p.m. ET). Sliding 5.30% over the previous 24 hours.  Bitcoin’s 24-hour range: $54,790.33-$60,695.91 (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 Coinbase.Source: TradingView Bitcoin on Monday suffered its biggest single-day price decline in more than two weeks, after the fizzing of a retail trader-driven rally over the weekend that… Source link

Key Takeaways Bitcoin holds above a crucial support level that may allow it to rebound to new all-time highs. Likewise, Ethereum sits on top of a massive demand barrier that may absorb any downward pressure.  If investor demand continues to rise, BTC could aim for $63,000 and ETH could aim for $2,500.  Share this article Bitcoin and Ethereum began this week’s trading session on a negative note as each coin’s price dropped by more than 11%. Despite the losses incurred, the… Source link

Bitcoin fell from its record highs north of $60,000 to $54,588.83 Monday morning following massive … [+] liquidations. Market analysts disagree over the source of withdrawals. SOPA Images/LightRocket via Getty Images It turns out last week’s bitcoin rally to the new record high of $61,923 reached on Saturday, was short-lived, with the crypto descending below 55,000 Monday morning.  The cryptocurrency fell as low as $54,588.83 and made a small bounce… Source link

Cesc Maymo/Getty Images Bitcoin fell as much as 9% on Monday as investors took profits following a weekend record. The cryptocurrency climbed as high as $61,742.41 on Saturday and continued to flirt with $62,000 on Sunday. The consolidation came amid reports that India is considering a partial ban on cryptocurrencies. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bitcoin fell as much as 9% on Monday after hitting a record high over the weekend as… Source link

As I write this, Ethereum (CCC:ETH-USD) has a market capitalization of $201 billion. The total supply of Bitcoin (CCC:BTC-USD) now is valued at just over $1 trillion. Source: Shutterstock The relative size of the two cryptocurrencies’ market caps “feels” correct. It seems almost self-evident that Bitcoin should be the more valuable of the two. Bitcoin is the most well-known, the most widely adopted and the most owned of all the cryptos. It gets the most attention. But I’m… Source link

Bloomberg Biden Eyes First Major Tax Hike Since 1993 in Next Economic Plan (Bloomberg) — President Joe Biden is planning the first major federal tax hike since 1993 to help pay for the long-term economic program designed as a follow-up to his pandemic-relief bill, according to people familiar with the matter.Unlike the $1.9 trillion Covid-19 stimulus act, the next initiative, which is expected to be even bigger, won’t rely just on government debt as a funding source. While it’s been… Source link

Ethereum Ethereum fell by 3.79% on Sunday. Partially reversing an 8.76% rally from Saturday, Ethereum ended the week up by 7.00% to $1,848.9. A mixed start to the day saw Ethereum rise to an early morning high $1,931.97 before hitting reverse. Falling short of the first major resistance level at $2,001, Ethereum slid to a late afternoon intraday low $1,836.61. Steering clear of the first major support level at $1,785, Ethereum revisited $1,890 levels before ending the day at sub-$1,850. At the… Source link

Photographer: Akos Stiller/Bloomberg Photographer: Akos Stiller/Bloomberg Bitcoin eased back after scaling $61,000 for the first time on bets that some of the pandemic relief payments in the U.S. will end up chasing the… Source link