Bitcoin Cryptocurrency Bitcoin Ethereum Litecoin Monero

What Happened: Bitcoin (CRYPTO: BTC) is trading higher over multiple days, coming off a July 21 low of 29296.39 to a peak of over 34,000 Saturday July 24, a move of over 15%. Meanwhile, Ethereum (CRYPTO: ETH) is bouncing off a low of 1717.17 on Wednesday to a peak of over 2180 at the time of publication, up over 25% in four days. Why It’s Important: The two leading cryptocurrencies have been range bound since a major correction earlier this year. Bitcoin set an all-time high of 64900 on April… Source link

MIAMI, FLORIDA – JUNE 04: Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square speaks on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. The crypto conference is expected to draw 50,000 people and runs from Friday, June 4 through June 6th. (Photo by Joe Raedle/Getty Images) Is crypto the (new) trade of our lifetime? I ask this question as the price of Bitcoin… Source link

Ethereum Ethereum rallied by 4.99% on Friday. Following a 1.43% gain on Thursday, Ethereum ended the day at $2,125.81. A bullish start to the day saw Ethereum rise to a mid-morning high $2,094.46 before hitting reverse. Ethereum broke through the first major resistance level at $2,065 before falling to a late afternoon intraday low $1,948.68. The reversal saw Ethereum fall through the first major support level at $1,967. Finding late support, however, Ethereum rallied to a late intraday high… Source link

In the past two decades, index and exchange-traded funds (ETF) have become some of the most popular forms of investing because they offer investors a passive way to gain exposure to a basket of stocks as opposed to investing in individual stocks which increases risk of loss.  Since 2018, this trend has extended to the crypto sector and products like the Bitwise 10 Large Cap Crypto Index (BITX) tracks the total return of Bitcoin (BTC), Ether (ETH), Cardano (ADA), Bitcoin Cash (BCH), Litecoin… Source link

Over the last 24 hours, the cryptocurrency market once again rallied to the tunes of Bitcoin’s recovery on the charts. However, on the contrary, Monero‘s [XMR] market seemed to be highlighting an unusual spike in its fundamentals, independent of whatever Bitcoin has been doing. Monero daily transactions per block have reported a massive spike over the past couple of days. As per data provided by Monero Blocks XMR explorer, XMR transactions per block had been consolidating between 20 to… Source link

Bitcoin pulled back on Friday after rising nearly 10% earlier this week. The cryptocurrency was trading around $32,000 at press time and is up about 2% over the past seven days. Ether, the world’s second largest cryptocurrency, is holding above $2,000 and is up about 6% over the past week.  Upside momentum is improving, which could keep crypto buyers active into the weekend. Some analysts expect a short-squeeze to push bitcoin above the 50-day moving average around $34,000 given oversold… Source link

Litecoin price steadies at the 78.6% Fibonacci retracement level after nine consecutive down days. On July 21, LTC records the best day since the May 31 gain of 10%. The digital asset is positioned below the 50-week simple moving average (SMA), forecasting a challenging long-term recovery. Litecoin price recorded nine consecutive down days and an oversold reading on the daily Relative Strength Index (RSI) before the 9.8% gain on July 21. The rebound from the 78.6%… Source link

What happened It’s finally Friday, and while this morning it looked like cryptocurrencies would end the week on a high note, things got ugly in a hurry. Buoyed by good news out of investment bank JPMorgan Chase, the price of Bitcoin (CRYPTO:BTC) bounced nearly 2% out of the gate, Ethereum (CRYPTO:ETH) ran past 3%, and Dogecoin (CRYPTO:DOGE) briefly passed a 4% gain. But things took a sudden turn for the worse around about 10:30 a.m. EDT, and have… Source link

Arman Shirinyan Monero’s trading volume is around average, but activity on the coin’s blockchain might be a sign of something big Private cryptocurrency Monero has hit a record 57.9 average daily transactions per block according to the Monero Blocks XMR explorer. Source: localmonero.co Over the past day, more than 40,000 transactions took place within Monero’s blockchain, which exceeds more than 25 percent of the average weekly transactions volume. XMR trading pairs are also facing… Source link

Cryptocurrencies were mostly higher on Thursday as bullish sentiment returns. Bitcoin was trading around $32,300 at press time and is up about 1% over the past week. The price recovery off $30,000 support stalled following positive comments from Tesla’s CEO Elon Musk on Wednesday. Technicals suggest upside is limited around $34,000 resistance.  Lukas Conrad, chief product officer at Bitpanda, an Austrian financial services platform, described the trading environment across cryptocurrencies… Source link