Bitcoin slumps as coronavirus variant shakes markets

A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken October 19, 2021. REUTERS/Edgar Su/File Photo/File Photo Register now for FREE unlimited access to reuters.com Register LONDON, Nov 26 (Reuters) – Bitcoin tumbled almost 8% on Friday after the discovery of a new, potentially vaccine-resistant coronavirus variant saw investors dump riskier assets for the perceived safety of bonds, the yen and the dollar. Bitcoin, the largest digital currency, fell… Source link

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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 26th, 2021

Ethereum Ethereum rallied by 5.97% on Thursday. Reversing a 1.63% fall from Wednesday, Ethereum ended the day at $4,526. A mixed start to the day saw Ethereum fall to an early morning intraday low $4,250 before making a move. Steering clear of the first major support level at $4,173, Ethereum rallied to a late intraday high $4,555. Ethereum broke through the first major resistance level at $4,364 and the second major resistance level at $4,457 to end the day at $4,500 levels. At the time of… Source link

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First Mover Asia: What Holiday? Bitcoin Soars Past $59K Amid Brisk Trading – Coindesk

Christopher Nolan’s third Batman film, “The Dark Knight Rises,” is generally considered the weakest entry in the series, in part because it’s so easily read as a celebration of neoliberal authoritarianism. The film’s plot has the villain, Bane, take over Gotham City, wipe out all financial ledgers and reign over a kind of mega-Occupy movement. To fight back, Batman engages in a series of moral compromises that he justifies as, more or less, necessary exceptions to defend a more… Source link

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The future is Bitcoin according to South Park creators

South Park, the animated TV series that often tackles topical issues with a comedic twist, showed Bitcoin being used as a mainstream means of payment in the not too distant future. In the “Post COVID” episode of its 24th season which aired Thursday, South Park depicted one of the show’s protagonists, Stan Marsh, paying for a stay in a cheap motel using Bitcoin (BTC) roughly 40 years from now, when the pandemic is jokingly about to end for good. The fictional Super 12 Motel Plus — in a… Source link

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Ethereum bulls likely to profit $130 million on ETH options despite two-week slump

Ether (ETH) investors have no reason to complain after the 344% gains accumulated in 2021 until Nov. 24. Still, analysts fear that the $4,000 resistance test on Nov. 19 is forming a descending channel that aims at $3,600 by mid-December, an 18% correction from the current $4,400 price. Despite outperforming Bitcoin (BTC) by 16% in the past month alone and the ETH/BTC pair climbing to 10-week highs, Ether seems to be struggling with its own success. Ether/USD price on Bitstamp. Source:… Source link

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Bitcoin bulls have a lot to be thankful for despite BTC ‘probably’ not hitting $98K in 5 days

Bitcoin (BTC) will “probably” miss out on its predicted monthly close for November, analyst PlanB concedes. In a Twitter update on Nov. 25, the creator of the “worst-case scenario” end-of-month price forecasts prepared to accept defeat for the first time. First-ever miss “probable” for Bitcoin floor model At around $40,000 short, Bitcoin is currently far below what should have been its minimum monthly close for November. Now, PlanB acknowledges that BTC/USD hitting $98,000 in the… Source link

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Bitcoin ‘solidifies’ support at $58K as BTC price volatility hits 7-month low

Bitcoin (BTC) hit multi-day highs of $58,300 overnight into Nov. 25 with investors betting on the reduced likelihood of a further major price dip. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ranging above $57,000 Thursday, printing a higher low on the daily chart. This, trader and analyst Rekt Capital believes, shows support “solidifying” at current levels, with hope, therefore, remaining of a more… Source link

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Looking into the possibility of Litecoin making big gains, thanks to a growing network

Over the course of the last ten years, many altcoins came and went, while some struggled to carry forward. Litecoin, however, has managed to remain relevant in the market despite the occasional speed breakers and rangebound price action. In fact, LTC rallied over 50% in early November only to succumb to the Bitcoin and larger market sell-offs.  With LTC’s trajectory coming to a pause many in the space are worried if the digital silver would make a return in the market or yet again… Source link

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Litecoin LTC and Ripple XRP Slip Toward Support. Will It Hold?

The price action in Ripple has been a lot less volatile than in other cryptocurrencies and in the last two months, it has traded mostly sideways, when most of the main cryptocurrencies have made some large gains. Ripple hasn’t even reached the 2017 highs and that’s due to the fact that the US Securities and Exchange Commission (SEC) opened a legal battle with Ripple last year and Ripple’s CEO Brad Garlinghouse said yesterday that it will likely take until 2022 for the decision to be… Source link

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