Bitcoin Cryptocurrency Bitcoin Ethereum Litecoin Monero

Cryptocurrencies perked up on Friday amid a slew of positive news. Photo: Getty Images Cryptocurrencies were broadly up on Friday, having had less than stellar performances during the week, as it was reported that Wells Fargo (WFC) and JPMorgan (JPM) have registered a bitcoin fund with the Securities and Exchange Commission. Cryptos had been down after the industry failed to win a change to tax reporting rules in the US, but perked up on Friday amid a slew of positive news. Bitcoin (BTC-USD)… Source link

This illustration photograph taken on July 19 in Istanbul shows a physical banknote and coin imitations of the Bitcoin cryptocurrency. Regulators such as Securities and Exchange Commission Chairman Gary Gensler are promising tougher action for cryptocurrencies. Ozan Kose/AFP via Getty Images … Source link

Ethereum Ethereum rose by 5.58% on Thursday. Following a modest 0.01% gain on Wednesday, Ethereum ended the day at $3,184.21. A mixed start to the day saw Ethereum fall to an early morning intraday low $2,960.00 before making a move. Steering clear of the first major support level at $2,933, Ethereum rose to a late intraday high $3,187.48. Ethereum broke through the first major resistance level at $3,109 to end the day at $3,180 levels. At the time of writing, Ethereum was up by 0.70% to… Source link

Litecoin has had a pretty decent and rather unexpected run since 22 July. The altcoin has recorded mostly green candles on its daily chart since then. However, LTC’s northbound movement has been hindered by a downturn, with its price depreciating by over 10% in three days alone. Despite these losses, however, good news seemed to knock on its door in the form of a recent report that polled 42 fintech specialists. The same touched upon what these specialists predict will be the asset’s… Source link

Bitcoin is holding above $45,000 at press time and is attempting to break out from a slight downtrend over the past week. Cryptocurrencies have been consolidating near highs as a slew of negative headlines have kept buyers on the sidelines.  On Wednesday, minutes from the Federal Open Market Committee (FOMC) showed the Federal Reserve is considering slowing its pace of asset purchases later this year. Concerns about fading stimulus triggered a pullback in equities and commodities, and also… Source link

The cryptocurrency market got off to a slow start on Aug. 19 after stimulus tapering talks from the U.S. Federal Reserve put pressure on global financial markets, but momentum within the crypto market picked up in the afternoon session as Bitcoin (BTC) bulls finally managed to break above the $46,000 level.  While most altcoins were slow to warm up on Thursday, several altcoins led the way with gains in excess of 20% due to major protocol upgrades and exchange listings. Top 7 coins with the… Source link

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In the past 7 days, Bitcoin (BTC) failed to break through the $48,000 resistance, but the price remained flat even as Minneapolis Federal Reserve chairman Neel Kashkari bashed the industry.  During an appearance at the Pacific NorthWest Economic Region annual summit on August 17, Kashkari said: “So far what I’ve seen is…95% fraud, hype, noise and confusion.” Moreover, according to Yahoo Finance, Kashkari specifically targeted Bitcoin when he mentioned that its only use case has been funding… Source link

What Happened: The founder and chief executive officer of one of the world’s largest independent financial advisory organizations believes that Ethereum (CRYPTO: ETH) will outperform Bitcoin (CRYPTO: BTC) for the rest of the year. deVere Group CEO Nigel Green told City AM on Wednesday that Ethereum’s recent run of good form and operability improvements has not gone unnoticed. “Ethereum is outperforming Bitcoin and it can be expected to continue this trend for the rest of 2021,” he… Source link

Bitcoin and Ethereum slowly started to reverse their losses, however, altcoins saw some independent movement on the charts. Tezos climbed by 2% while Monero traded below its $257.25 support level. Finally, NEM recorded sideways movement on its own price chart.  Tezos [XTZ] XTZ/USD, TradingView XTZ reversed some of its recent losses as it climbed up by 2% over the last 24 hours. It bounced off the $3.25 support level as the alt was priced at $3.45. XTZ eyed the immediate resistance level of… Source link