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The price of bitcoin (BTC) has been consolidating for more than two weeks after it experienced one of the biggest crashes in crypto history. Although the market has calmed down, holding back further declines, we do not see a quick V-shape recovery. However, the possibility of one is still in the game. One of the best-known analysts in the crypto space, PlanB, has suggested that it might occur soon. A clear pattern in the cryptocurrency options market seems to impact the BTC price heavily this… Source link

BackyardProduction / iStock.com Cryptocurrencies have skyrocketed in popularity recently and this trend shows no signs of slowing. Given all the talk around these digital assets, you might be wondering whether now is the time to invest. But before pulling the trigger, it’s always a good idea to have an understanding of the underlying asset. Cryptocurrency is no exception and it is quite different than investing in stocks or bonds. Show Support: It’s Not Too Late To Nominate Your Favorite… Source link

Reuters Investors see Biden’s 15% minimum tax offer as positive NEW YORK (Reuters) -Investors hailed U.S. President Joe Biden’s offer on Thursday to scrap his proposed 28% corporate tax hike as a move in the right direction and embraced the idea of a compromise that could allow an infrastructure and tax package to move through Congress. Biden offered to set a minimum tax rate that companies should pay at 15%, two sources familiar with the matter said, in what would be a major concession by… Source link

Ethereum Ethereum rallied by 5.53% on Thursday. Following a 2.74% gain on Wednesday, Ethereum ended the day at $2,856.68. A mixed start to the day saw Ethereum fall to an early morning intraday low $2,663.02 before making a move. Steering clear of the first major support level at $2,572, Ethereum rallied to a late morning intraday high $2,890.00. Ethereum broke through the 38.2% FIB of $2,740 and the first major resistance level at $2,822 before easing back. A late morning pullback saw Ethereum… Source link

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Bitcoin and cryptocurrency prices have fallen sharply over the last month, with the combined cryptocurrency market losing around $1 trillion in value. The bitcoin price dropped from over $60,000 per bitcoin to under $35,000 from mid-April through to mid-May. Ethereum, the second-largest cryptocurrency by value after bitcoin, lost half its value in just two weeks as its price tanked in the aftermath of the bitcoin sell-off while ethereum rivals cardano and Binance’s BNB also crashed. … Source link

Ethereum Classic (CRYPTO:ETC) is the original version of Ethereum (CRYPTO:ETH) that uses the proof of work platform. This is slightly different from the new version of Ethereum that runs on a proof of stake platform. Ethereum Classic now runs as an altcoin on the Ethereum chain. Ethereum Classic was up 0.20% at $68.43 at last check. Below is a technical analysis of Ethereum Classic’s chart. Ethereum Classic Daily Chart Analysis: Ethereum Classic… Source link

Leveraged traders have not materialized in the market to take bitcoin over the $40,000 hump. Meanwhile, ether is continuing to steal trading volume from BTC during a steady price rise toward $2,900. Bitcoin (BTC) trading around $38,532 as of 21:00 UTC (4 p.m. ET). Gaining 1.7% over the previous 24 hours. Bitcoin’s 24-hour range: $37,311-$39,402 (CoinDesk 20) Ether (ETH) trading around $2,789 as of 21:00 UTC (4 p.m. ET). In the green 1.1% over the previous 24 hours. Ether’s 24-hour range:… Source link

CryptoCorner Bitcoin may be poised to move higher, but it won’t be a meteoric rise, and any increase will be well below the cryptocurrency’s all-time high. The world’s leading crypto by market cap has rebounded and traded in a narrow range after falling as much as 50% from its record high last month. However, Bitcoin mining activity suggests a move above $40,000 is possible. “Several on-chain and network indicators have reflected a bullish skew over the week, albeit most being relatively… Source link

A common critique of Bitcoin (CRYPTO:BTC) is that it is outdated technology in the fast-moving world of cryptocurrency and it will eventually be replaced by something better. There are different versions of this theory, with some saying another decentralized cryptocurrency will overtake bitcoin as the best crypto money and others saying bitcoin will eventually be made obsolete by central bank digital currencies (CBDCs). Let’s focus on the former… Source link