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Written by Dana Sanchez Apr 02, 2021 Filecoin Goes Parabolic To $237, Passes Litecoin To Become 9th Largest Crypto. Photo: The Soyuz-2.1a rocket booster blasts off on Oct. 14, 2020 (Roscosmos Space Agency via AP) Early miners, new investors, and Chinese tech companies keen to diversify have helped drive up the price of Filecoin, the token behind an open-source, cloud-based storage system that is operated by its users, rather than a… Source link

Monero rose past $250 and could see further upside in the days to come after flipping the $247-level to support. Zcash was also strongly bullish as it targeted the $193-level. Augur‘s charts suggested that demand from buyers was present, despite its price noting a slight decline in recent days, hinting at a quick recovery. Monero [XMR] Source: XMR/USDT on TradingView On the hourly chart, XMR had a bullish outlook. It had risen past an area of supply once more and was attempting to flip it… Source link

If you’re ready to buy your first Bitcoin, make sure you do it safely. Ready to buy your first Bitcoin? You might be buying because you believe in its original ideology or think it’s a solid investment. Or perhaps you want to put some Bitcoin aside for your children. Whatever your reason, it’s important to keep your investment safe. What is Bitcoin? And what are the risks? Bitcoin is a digital currency that was launched in 2009. It’s stored using something called blockchain technology –… Source link

Bitcoin (BTC) briefly hit $60,000 on April 2 in the latest installment of its slow grind back to all-time highs. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price taps $60,000 Cointelegraph Markets Pro and TradingView showed bullish tendencies remaining overnight for BTC/USD, with local highs of $60,110 on Bitstamp. A correction brought the pair down nearer to $59,000, circling $59,500 at the time of writing.  The sustained higher levels mean that Bitcoin has effectively… Source link

Ethereum Ethereum rose by 2.52% on Thursday. Following on from a 4.29% gain on Wednesday, Ethereum ended the day at $1,968.38. A mixed start to the day saw Ethereum rise to a late morning high $1,966.0 before hitting reverse. Falling short of the major resistance levels, Ethereum slid to a late afternoon intraday low $1,886.11 before making a move. Steering clear of the first major support level at $1,812 Ethereum rallied to a late intraday high $1,982.21. Ethereum came within range of the first… Source link

Bitcoin (BTC/USD), Litecoin (LTC/USD), Ethereum (ETH/USD), Technical Analysis – Talking Points Bitcoin approaching all-time highs after period of consolidation Litecoin trading in a Symmetrical Triangle, awaiting breakout Ethereum upside momentum fading ahead of record highs Recommended by Daniel Dubrovsky … Source link

Litecoin price building a symmetrical triangle pattern. Volume trending downwards over the last five weeks. 10-week simple moving average (SMA) remains vital short-term support. Litecoin price climbed almost 900% in less than a year and is now consolidating the substantial advance in the form of a symmetrical triangle as buyers and sellers’ uncertainty has led to gradually declining volatility. A breakout from the continuation pattern is often a precursor to a longer… Source link

Larry Fink, chief executive officer of BlackRock Inc. © 2020 Bloomberg Finance LP According to Securities and Exchange Commission filings submitted Wednesday, the BlackRock Global Allocation Fund held 37 futures contracts, which expired on March 26, from the Chicago Mercantile Exchange (CME) worth $6.15 million. The contracts had appreciated by $360,458. The filings match prospectus documents filed with the SEC in January, which showed that BlackRock was eyeing cash-settled… Source link

Filecoin fundamentals may make it plausible for the digital currency to sustain the 9th largest crypto ranking as the project seeks to offer a highly sustainable and secure decentralized storage system. Decentralized storage system Filecoin (FIL) is seeing the best of its days as its continuous growth has earned it a place as the 9th largest cryptocurrency by market capitalization. According to Coindesk, a major factor fueling the upsurge in the price of the asset is its addition to the… Source link

Ether’s (ETH) price has broken out for the first time in 23 days in its Bitcoin (BTC) pair. It follows a high-profile announcement from Visa to use USDC, a stablecoin based on the Ethereum blockchain. Although ETH/BTC saw a strong technical breakout, the uptrend has been fueled by firm fundamental catalysts, buoying the short-term bull case for ETH. Traders think Ethereum will outperform Bitcoin in April According to the pseudonymous trader known as “Rekt Capital,” Ethereum was close to… Source link