Bitcoin, Dogecoin, Ethereum all trading lower early Wednesday morning

Check out what’s clicking on FoxBusiness.com. Bitcoin was trading more than 4.3% lower Wednesday morning. After hitting $57,000 on Tuesday, Bitcoin was trading at around $54,750 per coin, while rivals Ethereum and Dogecoin were trading around $3,445 (-1%) and 22.3 (-0.58%) cents per coin, respectively, according to Coindesk. A Mississippi Baptist church has become the first Southern Baptist church to accept cryptocurrencies for donations and tithes.  MISSISSIPPI SOUTHERN BAPTIST CHURCH… Source link

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Charlie Lee Sums Up Litecoin’s 10 Years History. Part Four: SegWit Activation

Today is the day, Litecoin’s 10th anniversary. Congratulations to Charlie Lee and everyone involved in the project over the years. To celebrate, we are exploring Litecoin’s history through the eyes of its creator. We covered its fair launch, the long-hard road to exchanges adopting LTC, and we introduced the SegWit story. It’s time to finish it. The last time, we introduced Bitmain’s co-founder Jihan Wu. Reportedly, he was singlehandedly stopping SegWit adoption in the Bitcoin… Source link

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US overtakes China as biggest bitcoin mining hub after Beijing ban

The US overtook China as the world’s biggest source of bitcoin mining two months after Beijing banned crypto mining this year, new data have revealed. China’s share of the global hashrate — the computational power required to create bitcoin — fell from 44 per cent to zero between May and July, showed figures published by the Cambridge Centre for Alternative Finance on Wednesday. The country accounted for three-quarters of the global hashrate in 2019. The US share of the global… Source link

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Bitcoin search interest nears 1-year lows as BTC price slips below $55K

Bitcoin (BTC) saw a widely anticipated pullback on Oct. 13 as bulls struggled with February’s old all-time highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analysts unfazed by BTC’s price pullback Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing from five-month highs to briefly wick below $54,000 on Bitstamp. After recovering to around $55,000, the pair looked choppy on Wednesday with no clear direction apparent in the short term. For analysts,… Source link

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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – October 13th, 2021

Ethereum Ethereum fell by 1.46% on Tuesday. Partially reversing a 3.74% gain from Monday, Ethereum ended the day at $3,490.61. A mixed start to the day saw Ethereum slide to a mid-day intraday low $3,403.51 before making a move. Finding support at the first major support level at $3,402, Ethereum rallied to an early afternoon intraday high $3,549.00. Falling short of the first major resistance level at $3,654, however, Ethereum fell back to sub-$3,500 levels and into the red. At the time of… Source link

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Ethereum Cools Off Near Resistance Alongside Dogecoin, Ethereum Classic And Litecoin – Ethereum – United States Dollar ($ETH)

Ethereum (CRYPTO: ETH) is trading lower Tuesday amid a cryptocurrency market that’s taking a slight dip. Ethereum has seen a push down with other popular cryptocurrencies such as Dogecoin (CRYPTO: DOGE), Ethereum Classic (CRYPTO: ETC), and Litecoin (CRYPTO: LTC). Ethereum was down 0.7% at $3,497.75 at publication time. See Also: Is Ethereum a Good Investment? Ethereum Daily Chart Analysis Ethereum has been getting closer to resistance, but saw a cool off day Tuesday. The… Source link

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Bitcoin price is correcting, but what does futures data show?

Bitcoin had been underperforming against most altcoins ov the past two months, but that trend reversed when its 20% rally pushed its market capitalization to break the $1 trillion mark on Oct. 6. That shifted investors’ attention back to the leading cryptocurrency, and altcoins are currently in the red for the day. The current positive momentum could be dangerous if Bitcoin (BTC) traders become overconfident and abuse leverage to open long positions. To avoid this, traders need to carefully… Source link

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Litecoin Falls More Than 5% In 24 hours

Over the past 24 hours, Litecoin’s (CRYPTO: LTC) price has fallen 5.77% to $172.37. This continues its negative trend over the past week where it has experienced a 2.0% loss, moving from $172.15 to its current price. The chart below compares the price movement and volatility for Litecoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are bollinger bands, measuring the volatility for both the daily and weekly price movements…. Source link

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Jamie Dimon bashes bitcoin again, calling it ‘worthless’

Dimon once again attacked the top cryptocurrency, calling it “worthless” during a virtual summit Monday. “I personally think bitcoin is worthless, but I don’t want to be a spokesperson,” he said during a virtual appearance at the Institute of International Finance Meeting before adding, “I don’t care, it makes no difference to me. I don’t think people should smoke cigarettes.” But Dimon added that his own take on bitcoin has not stopped the bank from allowing its customers to buy and sell the… Source link

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If You Invested $100 in Bitcoin in 2011, This Is How Much You’d Have Now

In early 2011, the then-obscure cryptocurrency Bitcoin (CRYPTO:BTC) reached $1 per coin for the first time. It was a milestone celebrated by the few crypto-enthusiasts around back then. The rest of the world was either oblivious or left scratching their heads about what Bitcoin even was. Everyone has heard of Bitcoin now. As of this writing, the price per coin is more than $57,000, representing a total market capitalization of almost $1.1 trillion,… Source link

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