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
Read More »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
Read More »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
Read More »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
Read More »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
Read More »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
Read More »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
Read More »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
Read More »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
Read More »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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