Ethereum Ethereum slid by 5.31% on Tuesday. Partially reversing a 10.55% rally from Monday, Ethereum ended the day at $1,488.34. A mixed start to the day saw Ethereum rise to an early morning intraday high $1,605.89 before hitting reverse. While falling short of the first major resistance level at $1,627, Ethereum broke through the 23.6% FIB of $1,579. The reversal saw Ethereum slide to a late intraday low $1,455.86. The sell-off saw Ethereum fall through the 23.6% FIB and the first major support… Source link

Bitcoin rallied back above $50,000, surpassing the key psychological level as bullish momentum returned after last week’s selloff. The digital token climbed 8% to trade around $51,500 in early U.S. trading, reaching the highest level in a week. The cryptocurrency has been volatile. Prices plunged 21% last week and have recovered with the broad bounce back in equities. The swings in… Source link

Crypto has a low correlation with stocks. What does that mean? Mining rig in Norilsk (photo by Andrey Rudakov) © 2021 Bloomberg Finance LP Stocks, bonds, real estate, commodities. Bitcoin. Bitcoin? Is cryptocurrency an asset class deserving of a place in every endowment and retirement portfolio? There is now being built on Wall Street a modern portfolio theory of bitcoins: elaborate demonstrations that a dose of virtual currency will enhance the return… Source link

Shares in Grayscale Investments’ Grayscale Litecoin Trust, or LTCN, have been trading at a whopping 1,800% premium over the market rate of their underlying asset, Litecoin (LTC). $319 per Litecoin?  This difference is primarily due to retail investors’ inability to purchase shares directly from Grayscale Investments, whose funds are aimed exclusively at accredited investors. LTC holdings per LTCN share (orange) and premium (blue). Source: Bybt.com It costs $319 to buy a share in Grayscale… Source link

Litecoin price could blast off as multiple fundamental, technical, and on-chain indicators suggest that it is wildly undervalued. Grayscale accumulated over 174,000 LTC in the last 30 days, while the price hasn’t moved much. Whales holding 100,000 to 1,000,000 LTC have grown by 5.45%, showing interest in this cryptocurrency at the current price levels. Litecoin price dropped nearly 40% during the market-wide crash on February 20. Now, new developments around LTC… Source link

Monero, one of the market’s leading privacy coins, rose above its horizontal channel but awaited confirmation of a breakout over the next few sessions. BAT’s on-chain metrics backed a favorable outcome, but a key test awaited its bulls at the $0.59-resistance. Finally, Dash moved north of its $23.6 fib retracement level, but a hike above the 38.2%-level looked doubtful. Monero [XMR] Source: XMR/USD, TradingView Monero broke above its horizontal channel on the 4-hour chart on the back of… Source link

Nikki Beesetti paid for a semester’s tuition with a single Bitcoin she bought in 2017. Rafa Ayoub/Nikki Beesetti hide caption toggle caption Rafa Ayoub/Nikki Beesetti If you think America’s politics are… Source link

Photo: SOPA Images/LightRocket via Getty Images A report from Citi says bitcoin is at a tipping point and could soon become the preferred choice for international trade. At the same time, another major international bank, Goldman Sachs, has decided to restart its cryptocurrency exchange desk, and many others in Wall Street, such as JPMorgan, say they are getting closer to adopt it and start offering it to clients and employees. The moves follow a season… Source link

Litecoin price – Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – March 2nd, 2021 For the day ahead Litecoin would need to avoid a fall through the $172 pivot level to support a run at the first major resistance level at $181. Support from the broader market would be needed, however, for Litecoin to break out from the morning high $177.80. Barring an extended crypto rally, the first major resistance level would… Source link

Bitcoin has exploded over recent months, soaring to almost $60,000 as investors have rushed to buy cryptocurrencies. The bitcoin price, which wobbled last week after Tesla TSLA chief executive Elon Musk warned it “seemed high,” has bounced back thanks to fresh institutional support. Now, despite bitcoin racking up gains of almost 500% over the last 12 months, British asset manager Ruffer has predicted bitcoin adoption by traditional financial institutions is just… Source link