Bitcoin

Bitcoin Stays Strong Bitcoin managed to get above the resistance at $48,000 and continues to move towards the psychologically important $50,000 level. Meanwhile, Ethereum climbed above the resistance at $3,600 and is trying to gain additional upside momentum. Smaller cryptocurrencies like Dogecoin or XRP failed to develop material momentum, and it looks that traders interest is concentrated in Bitcoin and Ethereum today. Bitcoin Dominance, which measures the market capitalization of Bitcoin as… Source link

Getty Images Once a cumbersome, niche currency touted in the internet’s dark corners by… Source link

Bitcoin held above the $46,000 support level on Wednesday as bullish sentiment improves. The cryptocurrency was up about 3% over the past 24 hours, compared with a 5% gain in ether, the world’s second-largest cryptocurrency by market value, over the same period. Source link

Bitcoin updates Sign up to myFT Daily Digest to be the first to know about Bitcoin news. Ray Dalio said regulators will shut down bitcoin if the cryptocurrency becomes too successful and dismissed predictions by Ark Invest’s Cathie Wood that its price would increase tenfold within five years. Speaking at the Salt Conference on Wednesday, the founder of Bridgewater Associates, said bitcoin would be a viable investment alternative as long as it was accepted for payments, but… Source link

Cryptocurrency-related stocks including Marathon Digital Holdings Inc (NASDAQ: MARA) and Riot Blockchain Inc (NASDAQ: RIOT) are trading higher Wednesday amid an increase in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) and positive analyst coverage from B. Riley Securities. B. Riley Securities analyst Lucas Pipes maintained Marathon Digital with a Buy rating and raised the price target from $54 to $87. Pipes maintained Riot Blockchain with a Buy rating and raised the price… Source link

Photo by Jeremy Bezanger on Unsplash Investors who plan to hold their crypto assets for years, otherwise known as HODLers in crypto parlance, typically store their cryptocurrencies stashed in a hardware wallet or keep it idle on a crypto exchange. But this practice is changing. Today, HODLers are turning to cryptocurrency savings accounts as they pay high interest in crypto deposits. The interest rates on conventional bank deposits are almost negligible — often below 0.5% — when compared… Source link

Bitcoin is currently trading at $47,300 after showing signs of resilience in its recent surge from a local low of $43,350. While the structure of the macro up-trend from $29,000 to $53,000 has now been broken, Bitcoin has the potential to regain its bullish posture if it can begin to close daily candles back above the $50,450 level of resistance. However, astute traders will be on the lookout for a crucial lower high in the $49,000 region, which would confirm $53,000 as a short to medium-term… Source link

Bitcoin (BTC) tentatively reclaimed $47,000 on Wednesday in a move that analysts believe should open up the path to $50,000.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin bulls escape another retest of lows Data from Cointelegraph Markets Pro and TradingView showed BTC/USD holding the $47,000 mark Wednesday, this being crucial to flip for bullish continuation. The level had seen fierce defense by whales the day before, but bulls ultimately won the upper hand, lifting… Source link

Proponents of a bitcoin ETF have claimed that it would offer retail investors a regulated financial product that has exposure to bitcoin, giving these investors an alternative to investing in bitcoin directly. The Securities and Exchange Commission (SEC), the federal agency tasked with overseeing such products, has yet to approve one. Source link

Bitcoin (BTC) bears are “exhausted” and are even selling at a loss this week, fresh data confirms. In a tweet on Tuesday, Philip Swift, an analyst at trading suite platform Decentrader, espied an ongoing bullish trend in spent output profit ratio (SOPR). Bitcoin bears run out of FUD SOPR, a classic metric for determining oversold periods on Bitcoin markets among other things, flipped to “buy” for the first time since July last week. Last time, BTC/USD then launched to local highs of… Source link