LTC/USD bounces off three-day low inside a bullish chart pattern. A confluence of channel’s support, 50-SMA tests short-term sellers, bulls aim for February’s high. LTC/USD picks up bids near $218.00, up 1.82% intraday, during early Monday. In doing so, the cryptocurrency pair recovers from the lowest since Friday as RSI pullback from overbought territory catches a breather inside a three-week-old rising channel. Given the pair’s rejection to the previous… Source link

Share Tweet Share Share Share Email Bitcoin’s prices keep rising as the cryptocurrency has now hit a new record of $60,000, BBC reported, with a total market value of $1 trillion as of last month. Bitcoin has seen its value almost triple since the end of 2020, powered by several big-name companies, including Tesla and Mastercard, which have touted its use and bought up some of the crypto, according to the report. BBC reported that this new record is the product of the latest round of… Source link

Litecoin showed some exhaustion above the $221 level but stabilization at that mark was healthy in the long-term. VeChain moved within an ascending channel but threatened a breakdown, while BAT entered a consolidation phase between $0.83 and $0.72. Litecoin [LTC] Source: LTC/USD, TradingView Litecoin’s bounce back from $155.7 support fueled a strong uptrend on the charts as the price broke above several resistance levels. Gains over the last seven days now stood at nearly 17% as LTC… Source link

For the crypto market’s leading privacy coin, Monero, the past few weeks have noted mainly sideways movement resulting in the coin’s price consolidating around its current trading price. Despite the strong bullishness displayed in the Bitcoin market, Monero hasn’t seen enough momentum to encourage its price to breach neither its immediate resistance nor its support. At the time of writing Monero’s price is trading at $239.6 with a market cap of $4.2 billion. Despite the sideways… Source link

Bitcoin mining uses vast amounts of electricity Olga Maltseva/Getty Images Bitcoin’s recent rally has reignited fears that mining the coin is harmful to the environment, because of the among of energy required. But cryptocurrency experts argue that concerns about bitcoin’s energy consumption have been taken out of context. Miners say they’re increasingly moving towards using renewable energy, but data supporting the extent of that is unclear. Sign up here for our daily… Source link

Even though XRP traded in the green at press time, the price remained restricted below the 38.2% Fibonacci level. Monero bulls regained a key level above the $231-mark, while ONT saw a breakdown from an ascending channel. XRP Source: XRP/USD, TradingView A look at XRP’s 4-hour charts showed that the cryptocurrency was still in the accumulation phase as breakouts in either direction from the current channel were swiftly rejected from the opposing sides. The region above 23.6% Fibonacci… Source link

A growing number of companies are becoming interested in bitcoin. Cesc Maymo/Getty Images Bitcoin regained its composure this week to jump to a record high above $60,000, with many analysts pointing to a new wave of institutional interest as the driver. Goldman Sachs restarting its crypto desk, JPMorgan launching a “crypto exposure” product, and crypto firm NYDIG raising money from Morgan Stanley and others are the latest signs of growing interest in bitcoin. Skeptics argue… Source link

Bitcoin has surged to a new all-time high – with prices breaking £44,000 for the first time. Saturday’s spike came exactly one year after the volatile cryptocurrency lost 50% of its value in the space of two days and fell to £2,873. It has risen 1,431% in the past 12 months. Bitcoin now finds itself in uncharted territory. While some analysts believe the digital asset could reach £70,000 this year, others fear that dramatic sell-offs… Source link

Bitcoin has broken through $60,000 amid a huge bull run partly fueled by Tesla TSLA billionaire Elon Musk—despite warnings from fellow billionaire Bill Gates. The bitcoin price broke the psychological barrier early Saturday morning, returning to its blistering early-2021 bull market after taking a breather over recent weeks. Ahead of bitcoin’s surge over $60,000, Tesla chief executive Elon Musk—who has been known to move the bitcoin price with his tweets—called on the… Source link

Bitcoin hit an all-time high — Here’s why Warren Buffett still won’t touch it The past year has been groundbreaking for Bitcoin. And just recently the cryptocurrency hit an all-time high: Over $61,000 for one unit — late-to-the-party investors bemoaned having missed out. So what does the world’s most famous investor think of Bitcoin? It’s “probably rat poison squared,” Warren Buffett once said. If you listen to the billionaire, cryptocurrency may not be the big financial opportunity… Source link