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

Ethereum Ethereum rallied by 10.55% on Monday. Reversing a 2.63% loss from Sunday, Ethereum ended the day at $1,571.82. A bearish start to the day saw Ethereum fall to an early morning intraday low $1,412.61 before making a move. Steering clear of the first major support level at $1,320, Ethereum rallied to a late intraday high $1,574.28. Ethereum broke through the first major resistance level at $1,497 and the second major resistance level at $1,572 before ending the day at $1,571 levels. The… Source link

Litecoin price is contained inside an ascending parallel channel on the 12-hour chart. LTC bulls have just defended a crucial support level and aim for a significant rebound. A key indicator is on the verge of presenting a strong buy signal for LTC. Litecoin price is still down by 30% since its 2021 peak of $247. However, the cryptocurrency market is showing signs of a recovery, and Litecoin bulls are planning to take advantage of it. Litecoin price poised for… Source link

Some traders assume that Bitcoin (CCC:BTC-USD) is the gold standard among cryptocurrencies. There might be merit to that claim, but let’s keep an open mind. Ethereum (CCC:ETH-USD) also deserves a place in your crypto portfolio — and you can buy some at a discount, as the price of Ethereum dropped hard recently. Source: Shutterstock Don’t get me wrong – the price is still higher than it was a year ago. Actually, you could say that about the most popular… Source link

Bitcoin prices bounced back today after falling to nearly $43,000. getty Bitcoin prices have experienced a notable recovery lately, climbing after falling to nearly $43,000 yesterday afternoon. The world’s largest digital currency by market value rose to as much as $49,520.72 earlier today, CoinDesk data shows. At that point, it was up roughly 15% from the multi-week low of $43,119.16 it reached the day before, additional CoinDesk figures reveal. … Source link

Bitcoin rose 7%, reversing the past few days’ losses, as some blockchain data turned bullish and new signs emerged of increasing cryptocurrency acceptancer by Wall Street firms including Goldman Sachs, Citigroup and Fidelity Investments. Bitcoin (BTC) trading around $48,593.99 as of 21:00 UTC (4 p.m. ET). Climbing 8.10% over the previous 24 hours. Bitcoin’s 24-hour range: $44,874.92-$49,520.72 (CoinDesk 20) BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish… Source link

MicroStrategy’s chief executive Michael Saylor announced his company’s latest bitcoin purchase worth … [+] $15 million. The company’s current treasury holdings of the cryptocurrency exceed $4 billion. STRF/STAR MAX/IPx MicroStrategy MSTR CEO Michael Saylor announced earlier this morning his firm has purchased approximately 328 more bitcoins for $15 million in cash, bringing the total to $4.45 billion. This latest purchase was made at an… Source link

Topline Banking powerhouse Goldman Sachs is setting up a cryptocurrency trading desk after backing away from a previous effort to enter the market after bitcoin crashed in 2018, making it the latest institutional player to plow into cryptocurrencies amid an eye-popping surge in their values. David M. Solomon, the chairman and CEO of Goldman Sachs, participates in a panel discussion during … [+] the annual Milken Institute Global Conference at The Beverly Hilton… Source link

Share Tweet Share Share Share Email Balance sheets ballooning with bitcoin. For a smattering (but growing roster) of firms, adding bitcoin holdings as part of the typical corporate finance strategy of maximizing returns on assets may look like a shrewd move, at least when the price of bitcoin keeps moving up. But the question becomes: What happens on the downside? And what happens next? MicroStrategy has been adding to its bitcoin holdings, where Coindesk reported this week that CEO Michael… Source link

Monero formed a bullish pattern on the hourly chart and could see a breakout past $220. Algorand reclaimed the $1 mark as support and pushed toward $1.15, and Compound halted its slide from $540 in mid-February to $337 and was making a recovery toward the $450 mark. Monero [XMR] Source: XMR/USDT on TradingView XMR formed an ascending triangle on the 4-hour chart, following its near 35% drop from the highs of $282 to $180. The fractals show that $220 is the short-term target for the bulls to… Source link