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Alex Dovbnya MoneyGram says that it plans to add more cryptocurrencies in in 2023 after allowing its customers to buy Bitcoin, Litecoin and Ethereum on its app Dallas, Texas-based money transfer giant MoneyGram has announced a new cryptocurrency service that allows customers to buy and sell Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH) on the company’s mobile app.  The new feature is powered by the crypto cash exchange company Coinme. While the list of available cryptocurrencies… Source link

While Bitcoin (BTC) price support may be psychological for some traders, the statistics behind BTC remaining over $20,000 for a week are strong indicators of price support or in other words, a new bear market floor. Multiple Bitcoin data points might be able to establish a $20,000 support level.  Last week Bitcoin reached a high of $20,961. However, it never sustained its upward momentum as the rally fizzled out, failing to break $21,000 support. As a result of the rally as well as the… Source link

Ethereum investors have had a rollercoaster year in 2022. It has been both successful in some aspects and gut-wrenching in others. After trending in the low $1,000s for a long time, the crypto market rally had seen Ethereum rise to two-month highs. What followed was a marked increase in the number of investors that were actually making a profit from their investments. 57% Of Investors In Profit If anything, the profitability of Ethereum over the years has been a… Source link

The growing number of cryptocurrencies entering the cryptocurrency market makes it increasingly challenging to find ground-floor projects with profit potential. Looking to the future while discovering new cryptos, like Rocketize (JATO), with the potential to yield great returns is a beneficial strategy when selecting projects to buy into. With Rocketize (JATO) creating a buzz in the crypto space, experts believe the new cryptocurrency could join Ethereum (ETH)… Source link

Post Views: 30 While pioneer cryptocurrencies are bearing the brunt of the ongoing crypto winter, new altcoins such as Big Eyes Coin (BIG) are stepping up to make up for the losses by improving blockchain technology and providing solutions to the limitations posed by these coins. Several crypto enthusiasts have forecasted that the success of specific novel coins – Big Eyes Coin (BIG) included – will be highly resourceful to the crypto industry. Big Eyes Coin (BIG) is a new meme coin on… Source link

Litecoin price analysis shows that the bulls have taken control of the market as prices surged past the $54.00 level. The market is expected to continue this uptrend as long as the support at $54.23 holds. However, the bears may stage a comeback if prices fail to break past the resistance at $56.29. The LTC/USD pair is currently trading at $55.59 and is up by 1.28 percent on the day. The market capitalization has reached $3.9 billion, and the 24-hour trading volume has reached $535 million

Ethereum remained well bid above the $1,550 zone against the US Dollar. ETH could start a fresh increase if it clears the $1,625 resistance zone. Ethereum is stable and is showing positive signs above the $1,550 support zone. The price is now trading above $1,560 and the 100 hourly simple moving average. There is a major contracting triangle forming with resistance near $1,620 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh… Source link

Nov 1 (Reuters) – After months of tears and tantrums, bitcoin wants to split up with stock markets. The cryptocurrency, which has been closely correlated with tech stocks for much of its torrid 2022, is staging one of its strongest efforts yet to break away. Its 30-day correlation with the Nasdaq (.IXIC) slid to 0.26 last week, its level lowest since early January, where a measure of 1 indicates the two assets are moving in lock step. The correlation, which shows the degree to which the two… Source link

Alex Dovbnya Many market participants bought into “Uptober” optimism, with Bitcoin remaining above the $20,000 level Contents The logic behind the monicker  “Moonvember”?  Bitcoin, the world’s largest cryptocurrency, keeps hovering above the $20,000 level.  At press time, it is sitting at $20,520 on the Bitstamp exchange after adding 5.5% in October. Image by tradingview.com Bitcoin managed to close its first green monthly candle since July, with the “Uptober” meme… Source link

Ethereum’s native token, Ether (ETH), looks poised to log a major price rally versus its top rival, Bitcoin (BTC), in the days leading toward early 2023. Ether has a 61% chance of breaking out versus Bitcoin The bullish cues emerge primarily from a classic technical setup dubbed the “cup-and-handle” pattern. It forms when the price undergoes a U-shaped recovery (cup) followed by a slight downward shift (handle) — all while maintaining a common resistance level (neckline). Traditional analysts… Source link