Key Takeaways Litecoin set a new yearly high at $89.70 after breaching the February 2020 high. On-chain data shows low selling pressure from whales, indicating more room for upside growth. The William Alligator indicator shows a bullish trend emerging on higher time frames. Share this article Litecoin has surged to a new 2020 trading high after breaking past the February 2020 high with relative ease. The strong bullish momentum LTC experienced last week could easily spill over into… Source link

Alongside the high anticipation for Ethereum 2.0, the high time frame breakout and daily gas usage on Ethereum remain key positive factors. Eth2 momentum accelerates in correlation with price The Eth2 mainnet will launch when the number of Ether (ETH) staked in the Eth2 deposit contract address hits 524,288. Data from CryptoQuant found that the value staked in the Eth2 deposit contract address is showing a correlation with the ETH price. ETH price versus total value staked on eth2.0. Source:… Source link

Bitcoin (BTC) starts another week at near historic highs as the U.S. dollar continues to drop — what’s next? With investors seeking safe havens and Bitcoin already seeing a demand squeeze, Cointelegraph covers the factors that could further shape price action this week. DXY descends to familiar lows News from the U.S. that mass vaccination against the Coronavirus may begin within a month has sent investors panicking for hedge assets. With multiple candidates now available among potential… Source link

Bitcoin has despatched the cryptocurrency market hovering in current weeks with the overall worth of the world’s mixed cryptocurrencies including an eye-watering $150 billion because the starting of November. The bitcoin worth brushed $18,900 per bitcoin this week, coming inside touching distance of its 2017 all-time excessive and serving to different high 5 cryptocurrenciesethereum, Ripple’s XRP, litecoin and chainlinkfile huge positive factors. XRP has climbed over 70% this week… Source link

Gent,Belgium. 18/04/15: Bitcoin allows you to send and receive payments at very low cost. Except for … [+] special cases like very small payments, there is no enforced fee.Bitcoin on mobiles allows you to pay with a simple two step scan-and-pay. No need to sign up, swipe your card, type a PIN, or sign anything. All you need to receive Bitcoin payments is to display the QR code in your Bitcoin wallet app. Jonathan Raa/Nurphoto (Photo by NurPhoto/NurPhoto via Getty… Source link

Coinbase has revealed that it has had “an explosion of incoming capital.” Its assets under custody currently stand at $20 billion, $14 billion of which were accumulated since April. Coinbase highlights a string of bullish events that have “really unleashed” a wave of institutional adoption. Coinbase Has $20 Billion in Custody Coinbase’s Head of Institutional Coverage, Brett Tejpaul, talked about institutional… Source link

Bitcoin has sent the cryptocurrency market soaring in recent weeks with the total value of the world’s combined cryptocurrencies adding an eye-watering $150 billion since the beginning of November. The bitcoin price brushed $18,900 per bitcoin this week, coming within touching distance of its 2017 all-time high and helping other top five cryptocurrencies—ethereum, Ripple’s XRP, litecoin and chainlink—record massive gains. XRP has climbed over 70% this week alone, with ethereum,… Source link

Steve Marcus/Reuters Bitcoin is “is here to stay,” BlackRock’s chief investment officer of fixed income Rick Rieder told CNBC on Friday. Rieder pointed to millenials openness to cryptocurrencies and digital payments as one reason why the popular crypto currency isn’t going anywhere. While Rieder said he doesn’t own bitcoin in his own portfolio, he does see potential for bitcoin to “take the place of gold to a large extent,” according to the interview. Visit Business Insider’s… Source link

PARIS, FRANCE – DECEMBER 15: In this photo illustration, a visual representation of the digital … [+] Cryptocurrency, Bitcoin is displayed on December 15, 2017 in Paris, France. Cryptocurrencies including Bitcoin, Ethereum, and Lightcoin have seen unprecedented growth in 2017, despite remaining extremely volatile. While digital currencies across the board have divided opinion between financial institutions, and now have a market cap of around 175 Billion USD, the… Source link

Bitcoin (BTC) price dropped below the $18,000 support level on Nov. 22. This comes after BTC continuously saw high over-the-counter (OTC) and institutional volume throughout November. BTC/USD 1-hour chart. Source: Tradingview Data suggests that the growing institutional demand was likely one of the main catalysts behind the BTC price rally to $18,965. According to the data from Skew, Grayscale Bitcoin Trust’s volume on OTC Markets increased significantly in the fourth quarter. OTC Markets is… Source link