Market Wrap: Bitcoin Price, Dominance Slips; Ether Hits Fresh Record High Over $2.6K

The market is clearly choosing other digital assets over bitcoin. Ether hits a fresh record price and BNB dominates. Bitcoin (BTC) trading around $52,612 as of 21:00 UTC (4 p.m. ET). Slipping 4.7% over the previous 24 hours. Bitcoin’s 24-hour range: $52,889-$55,233 (CoinDesk 20) BTC below the 10-hour and 50-hour moving average on the hourly chart, a bearish signal for market technicians. Bitcoin’s hourly price chart on the Bitstamp exchange since April 19. Source: TradingView Bitcoin had its… Source link

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Ethereum Gets Flipped on Transactions by PancakeSwap

A flurry of activity on the decentralized cryptocurrency exchange PancakeSwap has helped to push the number of transactions on Binance’s smart-contract blockchain, Binance Smart Chain (BSC), to five times that of the perceived industry leader, Ethereum. While the Ethereum blockchain processed a record 1.56 million transactions on Wednesday, BSC registered a total transaction volume of 9.13 million, according to data provided by EherScan. BSC-based PancakeSwap, which generates liquidity from… Source link

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Bitcoin is at its lowest level in nearly a month. 2 experts explain why they see more weakness ahead. | Currency News | Financial and Business News

Bitcoin replica coins are seen on November 13, 2017 Jaap Arriens/NurPhoto via Getty Images The price of bitcoin slipped to a near one-month low Thursday after a record-shattering week ahead of Coinbase’s listing on April 14 in which the world’s largest cryptocurrency broke consecutive records above the $63,000-level. Bitcoin slipped to $53,318 at 2:01 p.m. ET to its lowest since March 24. It was trading lower by 4% to 53,519 at 2:18 p.m. ET. “BTC has slipped below the 50 [day moving… Source link

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Why Bitcoin Is Bad for the Environment

Money, it’s often said, is a shared fiction. I give you a slip of paper or, more likely these days, a piece of plastic. You hand me eggs or butter or a White Chocolate Mocha Frappuccino, and we both walk away satisfied. With cryptocurrency, the arrangement is more like a shared metafiction, and the instability of the genre is, presumably, part of the thrill. Dogecoin, a cryptocurrency that was created as a spoof, has risen in value by eight thousand per cent since January, owing to a… Source link

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LTC Price Rebounds Above $270

Litecoin could rally by 52% to reach a new all-time high above $400, a crypto analyst says Litecoin bulls are looking to hold prices above the 100-day simple moving average near $257, which would provide a foundation for fresh gains. Litecoin is currently trading around $273 against the US dollar, about 4.5% up over the last 24 hours. The intraday gains have seen bulls recover some of the recent losses to see LTC/USD turn green on the weekly time frame. Crypto analyst Altcoin Sherpa says… Source link

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Monero-mining botnet targets orgs through recent MS Exchange vulnerabilities

The recent Microsoft Exchange Server vulnerabilities might have initially been exploited by a government-backed APT group, but cybercriminals soon followed suit, using them to deliver ransomware and grow their botnet. One perpetrator of the latter activities is Prometei, a cross-platform (Windows, Linux), modular Monero-mining botnet that seems to have flown under the radar for years. The attackers’ modus operandi Cybereason incident responders have witnessed instances of the… Source link

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JPMorgan Sounds Urgent Alarm On Bitcoin Price ‘Momentum’ After $300 Billion Bitcoin And Crypto Sell-Off

Bitcoin, after hitting a fresh all-time high last week, is showing signs of weakness (with some predicting bitcoin could be about to peak). The bitcoin price, now hovering around $55,000 per bitcoin, is currently up almost double where it started 2021—with the wider cryptocurrency market riding its coattails to a total value of over $2 trillion. Now, with a sudden weekend sell-off leaving bitcoin traders and investors reeling, JPMorgan analysts have warned that if the bitcoin price… Source link

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Litecoin Coils Within a Zone, Awaiting Breakout

advertisement LTC price falls 30% this week Support at $250 has held LTC thus far LTC price must break & hold $276 for try at 2021 high LTC price had a rough week falling nearly 30% from its high of $333. A recent mining center blackout in China left the cryptocurrency markets in the red the past few days. LTC was not immune to this market fall. Investors have been waiting a break of $333 as LTC has yet to reach its ATH although many other coins have.  Advertisement … Source link

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Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – April 22nd, 2021

Ethereum Ethereum rose by 1.07% on Wednesday. Following on from a 7.81% rally on Tuesday, Ethereum ended the day at $2,357.21. A bearish start to the day saw Ethereum fall to a late morning intraday low $2,237.02 before making a move. Steering clear of the first major support level at $2,141, Ethereum rallied to a late afternoon intraday high $2,471.72. Ethereum broke through the first major resistance level at $2,437 before easing back to end the day at sub-$2,400 levels. At the time of writing,… Source link

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Market Wrap: Bitcoin in Neutral at $55.5K as Ether Continues Bull Run

It’s boring bitcoin so far this week, with ether making gains for traders in a crypto market that overall is still signaling bullishness. Bitcoin (BTC) trading around $55,502 as of 21:00 UTC (4 p.m. ET). Slipping 1.9% over the previous 24 hours. Bitcoin’s 24-hour range: $54,565-$57,043 (CoinDesk 20) BTC close to the 10-hour and 50-hour moving average on the hourly chart, a sideways signal for market technicians. Bitcoin’s hourly price chart on the Bitstamp exchange since April 18.Source:

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