Cathie Wood’s $560,000 Bitcoin call is now a 988% upside play — here’s how to take advantage of the cryptocurrency’s slide

Cathie Wood’s $560,000 Bitcoin call is now a 988% upside play — here’s how to take advantage of the cryptocurrency’s slide Bitcoin is so volatile that if you want to “buy the dip,” the dip will likely be there. Case in point: After peaking at over $68,000 in early November, the price of the world’s largest cryptocurrency wasn’t able to maintain its upward momentum. In fact, over the past weekend, it dipped below $50,000. Trading at $51,444 as of this writing, Bitcoin has dropped… Source link

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Cryptocurrency Litecoin Rises More Than 6% In 24 hours

Litecoin’s (CRYPTO: LTC) price has increased 6.84% over the past 24 hours to $162.32, which is in the opposite direction of its trend over the past week, where it has experienced a 24.0% loss, moving from $212.75 to its current price. As it stands right now, the coin’s all-time high is $410.26. 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… Source link

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Coinbase adds ‘ETH2’ despite tomorrow’s Ethereum upgrade postponing difficulty bomb

Cryptocurrency exchange Coinbase has added a mirrored version of the Ethereum blockchain’s native token Ether (ETH) to its crypto price index, just ahead of a key network upgrade on Dec. 10. Dubbed “ETH2,” the symbol appeared to have been tracking the original Ether market data synchronously. For instance, the cost to purchase ETH2 came out to be the same as that for ETH. Meanwhile, their market capitalization, volume, circulating supply, and price changes were also identical. Coinbase is… Source link

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Bitcoin’s self-proclaimed inventor Craig Wright wins trial over cache worth $54 billion

The Miami jury cleared Craig Wright on nearly all issues in the dispute, including that half of the 1.1 million bitcoin in dispute belonged to the family of Dave Kleiman, the former partner and computer forensics expert. While concluding that Wright was not liable for fraud, jurors did award $100 million in intellectual property rights to W&K Information Defense Research LLC, a joint venture between the men. The trial began on Nov. 1. “This has been a remarkably good outcome and I feel… Source link

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Bitwise CIO ‘not so sure’ about Bitcoin hitting $100K in 2021

As 2022 draws closer, some cryptocurrency investment experts are doubtful about whether Bitcoin (BTC) has enough time to hit $100,000 in 2021. Following a major flash crash in the cryptocurrency market, Bitcoin is unlikely to break new all-time highs in the next three weeks and go all the way up to $100,000, according to Bitwise chief investment officer Matt Hougan. “$100,000 by the end of the year is a difficult prediction to make […] I think $100,000 could be in target in 2022 but this… Source link

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Litecoin Climbs 10% In a Green Day By Investing.com

Litecoin Climbs 10% In a Green Day Investing.com – was trading at $161.500 by 04:01 (09:01 GMT) on the Investing.com Index on Tuesday, up 10.16% on the day. It was the largest one-day percentage gain since November 9. The move upwards pushed Litecoin’s market cap up to $11.189B, or 0.47% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $158.500 to $163.400 in the previous twenty-four hours. Over the past seven… Source link

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Bitcoin’s weekend tumble hints at Wall Street traders’ growing sway

Bitcoin’s rocky weekend marked one of the first times a storm in traditional financial assets triggered big waves in cryptocurrencies, underscoring how large investors are playing an increasing role in digital asset markets. The price of the biggest cryptocurrency by market value tumbled $10,000 in just 60 minutes in the early hours of the London morning on Saturday to hit $42,222, according to the FT Wilshire blended bitcoin price index that tracks trading on leading crypto… Source link

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Ethereum developer sees crypto impacting ‘every corner of society’

When people hear about cryptocurrencies, they think about alternative forms of money. But Lane Rettig, one of Etherium’s (ETH-USD) former core developers, says crypto could change everything – from the way businesses are formed and run, to how tickets are purchased for sporting events and concerts, and how salaries are paid. “It’s the beginning of a new economy that creates value for people everywhere,” Rettig told Yahoo Finance in an exclusive interview. “Crypto will have a… Source link

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Why Monero, Bitcoin Cash, and Stellar Lumens All Plunged Today

What happened Today, investors in Monero (CRYPTO:XMR), Bitcoin Cash (CRYPTO:BCH), and Stellar Lumens (CRYPTO:XLM) were all down substantially, since Friday’s close. As of 3:30 p.m. ET, these tokens saw declines of 12.4%, 15%, and 16.9%, respectively. Each of these tokens was down more than 17% since Friday’s close, at today’s lows. On Friday night, a crypto crash, which extended into early Saturday morning, wiped off approximately $570 billion… Source link

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