Many of us have followed the dramatic rises and precipitous falls of bitcoin, and cryptocurrencies in general, over the past few years. Some may have written them off entirely after 80% declines in 2018, only to see them roar back into investors’ collective consciousness in 2020. Certainly sentiment has shifted over a short two years — more institutional investors are taking a hard look at crypto, and previous naysayers have softened their views. This all leads to one question: How much… Source link

What’s Next For Monero (XMR) Monero has a main focus on privacy. It is a popular blockchain-based cryptocurrency. It has a lot of privacy-enhancing features that make it an improvement over . Monero is open-source. Monero is a digital currency that can offer a higher anonymity level for its users and their transactions than Bitcoin. However, just like Bitcoin, it is a decentralized peer-to-peer cryptocurrency. Its main difference is in… Source link

Bitcoin has surged back this week after its early 2021 bull run slowed, with the 18.6 million bitcoin tokens in circulation again worth over $1 trillion. The bitcoin price has added almost 10% over the last 24 hours, taking it within touching distance of its all-time highs. Bitcoin reached $54,500 on the Luxembourg-based Bitstamp exchange—just shy of the $58,000 high it hit in February. However, the surge comes as the world’s biggest technology stocks, including Tesla TSLA ,… Source link

Ethereum Ethereum rallied by 6.17% on Monday. Following on from a 4.63% gain on Sunday, Ethereum ended the day at $1,834.58. A mixed start to the day saw Ethereum fall to a late morning intraday low $1,664.08 before making a move. Steering clear of the first major support level at $1,661, Ethereum rallied to a final hour intraday high $1,843.99. Ethereum broke through the first major resistance level at $1,765 and the second major resistance level at $1,802 to end the day at $1,830 levels. At the… Source link

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Ether is the cryptocurrency of the Ethereum network Photothek/Getty Images A change in the Ethereum network that will cut limit the amount of ether tokens in existence could set the stage for “explosive growth” in the world’s second-biggest cryptocurrency, experts have said. On Friday, Ethereum blockchain developers approved a major change to how the network runs, which will come into force in July or August. It will overhaul the bitcoin rival’s current auction system, under… Source link

Litecoin price is bounded inside a symmetrical triangle pattern. New LTC whales have joined the network increasing buying pressure. The digital asset is on the verge of a potential 17% breakout towards $220. Litecoin has been trading inside a tightening range in the past week and whales have continued to accumulate significant sums of LTC. The digital asset is primed for a breakout towards $200. Litecoin price is on the verge of a 17% move to the upside Litecoin… Source link

Bloomberg U.S. Government to Sell 0.7501 Bitcoin Worth $38,000 at Current Prices (Bloomberg) — Tucked away among the Ford, Dodge and Chevy sedans, the 12,000-gallon storage container and the inoperable Caterpillar tractor being auctioned off by the U.S. government is an unusual item: 0.7501 of a Bitcoin.The U.S. General Services Administration typically uses its auctions to sell surplus federal equipment to the general public. With lot 4KQSCI21105001, which goes up for auction in a week, the… Source link

One of the major headlines circulating over the past couple of weeks was related to Bitcoin’s negative premium on Grayscale. At press time, the premium per market share is still at -3.06% which is why it is even more surprising that Litecoin is currently trading at a massive premium on the platform. Presently, Litecoin holdings per share is $16.26 whereas the market price per share for the same holding is valued at $249. The difference is a massive 1436% premium that investors would need… Source link

Monero is one of the rare cryptocurrencies in the market cap top25 that ended up posting week-over-week losses. Will XRM catch up in price gains, and should you consider investing in XMR now? Fundamental analysis: no fundamental improvements act against Monero this time Monero has lacked initiative when it comes to upwards price motion in the last week despite the crypto market’s bounce back up. However, XMR holders are still hopeful, as its price is seemingly creating a solid short-term… Source link