Photographer: Simon Dawson/Bloomberg Bitcoin’s torrid rally lost more steam this week, with the cryptocurrency lying below its 10-day moving average and falling for a second straight day Thursday. The largest digital asset is down as much as 8.4% over a two-day slide and was trading at $34,670 as of 6:38 a.m. in London, according to price data consolidated by Bloomberg. The wider… Source link

Ethereum rose by 0.43% on Sunday. Following on from a 4.97% rally on Saturday, Ethereum ended the week down by 1.76% to $1.232.99. A blended begin to the day seen Ethereum rise to an early morning excessive $1,256.74 prior to hitting reverse. Falling in need of the primary basic resistance stage at $1,297, Ethereum slid to a late morning intraday low $1,165.78. Steering away from the primary basic assist stage at $1,155, Ethereum rallied to a late intraday excessive $1,268.83. Persevering… Source link

Bitcoin is recovering from a steady price decline while ether options traders anticipate another high-water mark after it hit an all-time high of $1,439. Bitcoin (BTC) trading around $35,023 as of 21:00 UTC (4 p.m. ET). Slipping 4.1% over the previous 24 hours. Bitcoin’s 24-hour range: $33,430-$36,794 (CoinDesk 20) BTC above the 10-hour but way below the 50-hour moving averages on the hourly chart, a sideways signal for market technicians. Bitcoin trading on Bitstamp since Jan. 16.Source:

Topline Investment giant BlackRock filed documents with the Securities and Exchange Commission showing that it wants to include cash-settled Bitcoin futures as eligible investments for two of its funds—the latest instance of a major financial institution dipping a toe into cryptocurrencies.    Getty Images Key Facts Two new filings, for the BlackRock Global Allocation Fund and the BlackRock Strategic Income Opportunities Portfolio, state that “certain… Source link

REUTERS/Stephen Lam Bitcoin sank as low as $33,412.72 on Wednesday as investors continued to take profits from the cryptocurrency’s massive rally. The token reached a record of nearly $42,000 earlier this month before momentum stalled. Analysts see $34,000 as a key support level for the token, while a move above $40,000 could revive bitcoin’s rally. Watch bitcoin trade live here. Bitcoin tumbled below the key $34,000 level on Wednesday as selling continued to drag the largest… Source link

Ethereum – Litecoin – Ethereum, Litecoin, and Ripple’s XRP – Every day Tech Analysis – January 18th, 2021 | Fintech Zoom Ethereum rose by 0.43% on Sunday. Following on from a 4.97% rally on Saturday, Ethereum ended the week down by 1.76% to $1.232.99. A blended start to the day seen Ethereum rise to an early morning extreme $1,256.74 sooner than hitting reverse. Falling in want of the first fundamental resistance stage at $1,297, Ethereum slid to a late morning intraday low… Source link

The price of Ether (ETH), the native cryptocurrency of Ethereum, fell sharply as Bitcoin (BTC) corrected overnight on Jan. 20. Bitcoin price slid to as low as $34,000 on Binance, recording a 10% drop since yesterday’s peak. Bitcoin price chart with key levels. Source: TradingView.com, TraderXO Why did Ether price drop particularly hard? Ether has outperformed Bitcoin so far in January, as Cointelegraph previously reported. As Bitcoin started to consolidate with low volume, the demand for… Source link

LONDON, ENGLAND – DECEMBER 08: Founder of Ethereum Vitalik Buterin during TechCrunch Disrupt London 2015 – Day 2 at Copper Box Arena on December 8, 2015 in London, England. (Photo by John Phillips/Getty Images for TechCrunch) Following bitcoin’s surge to hit a new all-time high earlier in January, ethereum, the second largest cryptocurrency by market cap, neared $1,440 on Tuesday to inch toward the same feat — but that could just be the beginning of a 650% explosion, according to one… Source link

Bitcoin (BTC), the largest cryptocurrency, was down for a second straight day, pushing toward the lower end of the range between $34,000 and $40,000 where prices have traded for the past couple weeks.  Ether (ETH), the second-biggest cryptocurrency, retreated after surging on Tuesday to a new all-time high price of $1,439. (Our Market Moves column, below, looks at the significance of this milestone. See also the latest issue of CoinDesk’s Valid Points newsletter by our colleagues… Source link

What is the intrinsic value of ether?  This is a question I’ve been wrestling with this past week as the ether price set a new all-time high of $1,439.33, according to CoinDesk’s price index. Similar to how many view the current bitcoin price bull run as being credibly different from previous cycles for reasons to do with greater institutional involvement and mainstream interest, among other reasons, I get the sense that the valuation of ether by investors is being looked at this time… Source link