5 Hard-to-Believe Bitcoin Facts | The Motley Fool

Whether you’re a diehard bitcoin fan or you can’t stop screaming mania, it’s hard to ignore just how monumental bitcoin’s surge has been. Bitcoin gained over 300% last year and is already up over 10% this year.  Here are five hard-to-believe facts about bitcoin and cryptocurrency that could be helpful for your… Source link

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Bitcoin Drops, Dollar Bounces Ahead of Federal Reserve Rate Announcement

Bitcoin and global equities are trading lower, while the anti-risk U.S. dollar is climbing ahead of a U.S. Federal Reserve meeting later today that may inject volatility into financial markets. The number-one cryptocurrency by market value is trading near $30,800 at press time, representing a 5% drop on the day, according to CoinDesk 20 data. European stocks and futures tied to the S&P 500 are flashing moderate losses. The Dollar Index, which tracks the greenback’s value against major fiat… Source link

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Valid Points: What to Expect When Ethereum 2.0 Undergoes Its First ‘Hard Fork’

Eth 2.0 is looking at its first hard fork this year. The Ethereum Foundation-backed research team is currently organizing schematics for a  mid-2021 backward-incompatible change to the Beacon Chain, according to a Jan. 14 developer’s call. This hard fork is really not a hard fork in the traditional sense, Teku client project manager Ben Edgington pointed out. Rather, it’s a warmup before sharding and a merge of the Eth 1.x and Beacon Chain.  “The word ‘fork’ is heavily overloaded in… Source link

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Monero, Aave, Enjin Price Analysis: 27 January

Monero succumbed to yet another support level as the price moved below $134.4. Aave retraced from record levels, but the market still belonged to the bulls and the price could surge to fresher highs over the next few trading sessions. Finally, ENJ showed signs of a bearish pullback and a southbound move could see the price test the $0.375-support level. Monero [XMR] Source: XMR/USD, TradingView After dropping below the $152.7-mark, Monero fell below several support levels and was unable to… Source link

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Bitcoin (BTC USD) Price Rally Spurs Interest in Cryptocurrency Stocks Argo, Riot – Bloomberg

Cables inside a draw housing graphics processing units (GPU) used to mine the Ethereum and Zilliqa cryptocurrencies at the Evobits crypto farm in Cluj-Napoca, Romania, on Wednesday, Jan. 22, 2021. The world’s second-most-valuable cryptocurrency, Ethereum, rallied 75% this year, outpacing its larger rival Bitcoin. Photographer: Akos Stiller/Bloomberg Marko Vulicevic, just 19 years old,… Source link

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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – January 27th, 2021

Ethereum Ethereum rallied by 3.79% on Tuesday. Partially reversing a 5.46% slide from Monday, Ethereum ended the day at $1,367.98. A bullish start to the day saw Ethereum rally to an early morning intraday high $1,378.12 before hitting reverse. Falling short of the first major resistance level at $1,432, Ethereum fell to an early afternoon intraday low $1,245.00. Finding support at the first major support level at $1,249, Ethereum struck a late high $1,375.28 before easing back. At the time of… Source link

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Ethereum’s realized cap spikes to record highs as capital floods in: Report

Ethereum’s realized capitalization has increased by nearly 50% in January so far to tag new all-time highs above $70 billion, according to CoinMetrics. The data shows that Ethereum’s realized cap has more than tripled since dropping below $25 billion in during March 2020’s “Black Thursday” crash.. Ethereum’s realized cap: CoinMetrics The realized capitalization metric calculates the value of a crypto asset’s supply according to when each unit last moved on-chain. The indicator… Source link

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Best Bitcoin Wallet: The 6 Best Crypto Wallets for 2021

For many investors, the terms crypto and blockchain have become part of everyday life and conversation and are almost interchangeable with Bitcoin (BTC). Since it jumped onto the scene in 2009, Bitcoin has become an overnight sensation despite the inherent volatility. While other types of cryptocurrencies have come and gone, Bitcoin or BTC has grown and grown and is now worth thousands of dollars per coin. Even as other types of stocks and bonds seem to depreciate as the market… Source link

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Market Wrap: Bitcoin Slips to $30.8K While Investors Plow BTC Back Into DeFi

Bitcoin has been in a $30,000-$35,000 range for almost a week at a time when some market participants are seeking out ether and other crypto to trade during the perceived doldrums. Bitcoin (BTC) trading around $32,003 as of 21:00 UTC (4 p.m. ET). Slipping 4% over the previous 24 hours. Bitcoin’s 24-hour range: $30,875- $32,967 (CoinDesk 20) BTC above the 10-hour but below the 50-hour moving averages on the hourly chart, a sideways signal for market technicians. Bitcoin trading on Bitstamp… Source link

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Yanhao “Max” Wei: Bubbles Are Good for Bitcoin

Over the last few weeks, the price of bitcoin has hit a record high of more than $41,000, blowing past the 2017 bubble high point of $19,783. The price has since declined relatively rapidly, and questions have arisen about what’s next for this latest bubble. This presents an opportune moment to analyze why these bubbles form and what they mean for the future of bitcoin. Price volatility causes market uncertainty and is often viewed as detrimental. However, for bitcoin, the price volatility… Source link

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