Bitcoin’s market cap approached $1 trillion after the latest price rise Chesnot/Getty Images The bitcoin price hit a new high above $51,700 after braking the $50,000 mark on Tuesday. Yet JPMorgan said the rally looks unsustainable unless bitcoin’s volatility falls. BTC’s market capitalization has skyrocketed to close to $1 trillion. Visit the Business section of Insider for more stories. The bitcoin price hit a record high of above $51,700 on Wednesday, after soaring… Source link

Litecoin price hinting steep correction as TD Sequential indicator presented sell signal for 5th time in last five months. Supporting the bearish thesis are declining whale holdings, which increase the probability of a downswing. An upswing could come into the picture if LTC bulls manage to push past the recent high at $230. Litecoin price has seen a 20% correction after hitting a local top on February 14. This correction shows signs of an extension as both… Source link

ZCash and Monero prices have been on an uptrend as investors have started to shift towards privacy-focused coins. The ZEC price has jumped to a high of $190, bringing its total market cap to more than $1.7 billion. Monero, on the other hand, has risen to an all-time high of $252, bringing its market valuation to more than $.4.28 billion. Monero and ZCash background: For starters, Monero, Dash, and ZCash belong to a class of cryptocurrencies known for their… Source link

Ether (ETH) is up 150% in 2021, causing its market capitalization to soar above $200 billion. Most traders are fixated on the unitary price, even though it is entirely arbitrary, therefore missing relevant milestones and comparables. Ether and Bitcoin YTD performance. Source: Digital Assets Data Investors, mainly those coming from the traditional industry, are used to compare multiples of earnings, sales, and market share. Meanwhile, when valuing a cryptocurrency with multiple use cases, there… Source link

Ethereum Ethereum rose by 0.08% on Tuesday. Partially reversing a 1.31% loss from Monday, Ethereum ended the day at $1.781.97. A bearish start to the day saw Ethereum tumble to an early morning intraday low $1,725.0 before finding support. Steering clear of the first major support level at $1,681, Ethereum struck an early morning intraday high $1,825.00 before hitting reverse. Falling short of the first major resistance level at $1,857, Ethereum fell back to $1,725 levels and into the red. A late… Source link

Ethereum price Today – Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – February 17th, 2021 For the day ahead Litecoin would need to avoid a fall through the $210.77 pivot level to support a run at the first major resistance level at $221.35. 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… Source link

Share Tweet Share Share Share Email James Bullard, president of the Federal Reserve Bank of St. Louis, said he doesn’t see bitcoin and other digital currencies as a threat to the dollar, CNBC reported on Tuesday (Feb. 16). Bullard told the news organization he believes the escalating bitcoin attraction is not a problem as far as the U.S. dollar’s position as the world’s reserve currency. “I just think for Fed policy, it’s going to be a dollar global economy as far as the eye can… Source link

Benzinga What Keystone Pipeline Cancellation Means For Crude-by-rail President Joe Biden’s revocation of the March 2019 permit enabling the construction of the Keystone XL pipeline will likely result in more crude-by-rail volumes, according to industry observers. But how much volumes will increase could largely depend on the price that heavy crude oil can fetch in the global market. “The cancellation of the Keystone pipeline project was inevitable once the government changed. Despite its… Source link

Gradual warming to cryptocurrencies by financial companies combined with both retail investments and institutional interest has carved the way for litecoin’s renewed momentum in 2021. Litecoin is Riding the Bull Market to its Next Resistance Level Litecoin had a challenging start. In late 2017 its founder, Charlie Lee, allegedly sold his entire bag of LTC “to concentrate on the project’s… Source link

Maybe some people still believe it, but Bitcoin isn’t really anonymous. Indeed, isn’t anonymous at all: all the transactions in this currency are recorded in a public —and widely-available-online— ledger. Tracking the funds and the parties behind them isn’t that hard, and that’s why privacy coins were created. The privacy coins are cryptocurrencies with in-design functionalities for higher privacy. Some of them are private by default, while others let the users decide if they… Source link