Multiple analysts described bitcoin’s latest pullback as perfectly natural. getty Bitcoin prices declined over the last few days, pulling back from their latest all-time high and losing close to 25% of their value in under 48 hours. The world’s most prominent digital currency fell to as little as $44,964.49 this morning, according to CoinDesk data. By dropping to this level, the cryptocurrency had shaved 23% off its price, after rising to a record… Source link

Dado Ruvic/Reuters Bitcoin plunged as much as 18%, to $45,000, on Tuesday before slightly paring some losses as sky-high cryptocurrency valuations unnerved investors. The cryptocurrency traded 13% lower, at $47,608.24, as of 11:45 p.m. in New York. Bitcoin has soared in 2021, with the price more than doubling this year to reach a record $58,350.41. Increased interest from big companies such as Tesla, as well as record amounts of stimulus, have powered the rally. Yet investors… Source link

The move followed skeptical comments from Tesla CEO Elon Musk, Treasury Secretary Janet Yellen and Microsoft (MSFT) co-founder Bill Gates. Prices stabilized around $48,000 in early trading Tuesday, but that’s still a more than 10% drop from Monday’s levels. But even Musk is starting to show concerns about bitcoin’s surge, noting in a tweet on Saturday that he thought the prices of both bitcoin and ethereum, the world’s second largest cryptocurrency, “seem high.” On Monday, Yellen, a former… Source link

A plunge of more than 50% in Ether’s price on cryptocurrency exchange Kraken was probably caused by extreme selling, and not by a trading-engine malfunction, the bourse’s CEO said. Crypto prices tumbled across the board on Monday, with many tokens falling more than 20% during the trading session. Ether, the second-biggest digital coin, sank as low as $700 from about $1,600 on Kraken, according to a report from Coindesk. … Source link

VANCOUVER, BC / ACCESSWIRE / February 23, 2021 / Codebase Ventures Inc. (“Codebase” or the “Company”) (CSE:CODE)(FSE:C5B)(OTCQB:BKLLF) is pleased to announce that Arcology has released its improved version of CryptoKitties, the most popular game on the Ethereum blockchain. The game has been optimized to take advantage of Arcology’s processing power and native ability to dynamically adjust to network demands. To simulate approximately nine months of gameplay, Zhang’s team created five million… Source link

Litecoin’s recent rejection from highs close to $250 leads to a break down as far as $180. Recovery seems a farfetched idea, particularly with the weak support levels. The MACD adds weight to the bearish narrative as losses linger towards $150. Holding above $180 could see LTC abandon the bearish narrative and resume the uptrend. Litecoin recently abandoned the journey to all-time highs following a barrier slightly under $250. The correction has proved… Source link

Ethereum Ethereum slid by 8.11% on Monday. Reversing a 1.07% gain from Sunday, Ethereum ended the day at $1,778.66. A mixed start to the day saw Ethereum rise to an early morning intraday high $1,938.95 before hitting reverse. Falling short of the first major resistance level at $1,980, Ethereum slid to an early afternoon intraday low $1,508.35. The sell-off saw Ethereum fall through the through the day’s major support levels and the 23.6% FIB of $1,579. Finding late support, however, Ethereum… Source link

MINNEAPOLIS (WCCO) — Bitcoin hit a record high Friday, and the cryptocurrency’s value has risen more than 80% just this year. In the West Seventh neighborhood of St. Paul is a somewhat cryptic billboard that says, “A Peaceful Revolution,” and a $1 bill that says “A Decentralized Network.” The only identifying feature is a Twitter account that says its goal is to raise Bitcoin awareness. (credit: CBS) At Bobby and Steve’s Auto World in downtown Minneapolis, where there’s a… Source link

Bitcoin slid Tuesday after a bout of volatility highlighted lingering doubts about the durability of the token’s mesmerizing rally. The cryptocurrency fell as much as 11% to below $50,000. At one point Monday the digital currency plunged 17% before paring the worst of the slide. It’s still up some 400% in the past… Source link

Litecoin price – Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 23rd, 2021 For the day ahead Litecoin would need to move back through the $204.99 pivot level to support a run at the first major resistance level at $230.96. Support from the broader market would be needed, however, for Litecoin to break back through to $220 levels. Barring an extended crypto rally, the first major resistance level and… Source link