Bitcoin Cryptocurrency Bitcoin Ethereum Litecoin Monero

Ki Young Ju, head of on-chain analytics platform Crypto Quant, thinks it’s time to go “all in” on Bitcoin. What Happened: When Bitcoin dipped to $53,000 on March 23, the analyst surmised that the bull run wasn’t over yet. He explained that while he was ready to buy the dip, he would patiently wait till on-chain supply/demand indicators say “all-in.” “I think it’s time,” said Ju referring to his comments last week, adding that the crypto market is getting better in terms of supply and… Source link

The crypto market has been consolidating, especially when you examine the alts with lower market capitalization. Altcoins like Aave, Monero, and Elrond have been witnessing sideways movement, however, this has interestingly translated into bullish and bearish outlooks for different coins. Aave [AAVE] Source: AAVEUSD on TradingView The Aave market had observed a consolidation phase at the beginning of the year. This phase was followed by an uptrend in price and as the value went below… Source link

Early on Monday morning, March 22, during the Bank of International Settlement’s Innovation Summit, Federal Reserve chair Jerome Powell had this to say about bitcoin or, in his words, “crypto assets”: “Crypto assets are highly volatile — see bitcoin — and therefore not really useful as a store of value. They’re not backed by anything. They’re more of an asset for speculation… It is essentially a substitute for gold rather than the dollar.” -Chair of the Federal Reserve… Source link

Litecoin continues to trade in tandem with Bitcoin prices, notching up a gain of 6.00% as of the time of writing. Bitcoin prices have broken the critical $57,000 resistance, allowing for a similar move on Litecoin as both pairs maintain their positive correlation. The LTCUSD pair has violated the 186.82 resistance level but needs a 3% penetration close above this level to confirm the breakout. The Litecoin price prediction following this breakout is for the… Source link

Bitcoin and other cryptocurrencies rose after Visa Inc. said its payments network will use a stablecoin backed by the U.S. dollar to settle transactions, as blockchain technology gains more acceptance in the established financial system. As part of a pilot program, Visa is using USD Coin to settle transactions over Ethereum, with the help of the Crypto.com platform and Anchorage, a digital-asset bank, according to a statement Monday by the San Francisco-based payments giant. Visa will offer… Source link

Hester Peirce Hester Peirce Since being appointed in 2018 by former president Donald Trump, SEC Commissioner Hester Peirce has been affectionately known as “Crypto Mom” throughout the industry. Long seen as a champion for bitcoin and crypto adoption, she is best known for sharply-worded dissents to rejected bitcoin exchange-traded fund applications that often argue for bitcoin to be treated the same way as any other type of investable asset. The implication being that her fellow… Source link

National Review Bernie’s Lost on Space Socialist Senator Bernie Sanders really wants billionaire space entrepreneur Elon Musk to stay on the ground. “Space travel is an exciting idea, but right now we need to focus on Earth and create a progressive tax system so that children don’t go hungry, people are not homeless and all Americans have healthcare. The level of inequality in America is obscene and a threat to our democracy,” Sanders recently tweeted, responding to Musk’s Twitter… Source link

Bloomberg Ships Start to Move in Canal After Ever Given Freed: Suez Update (Bloomberg) — Ships were starting to move in the Suez Canal after the dislodging of the giant Ever Given container ship cleared the key trade route for traffic.At least three vessels were on the move, according to ship-tracking data. The return of navigation will come as a relief for global trade that was under strain even before the latest crisis.There were 437 ships waiting to transit through the waterway, shipping… Source link

TipRanks Goldman Sachs Bets on These 3 Stocks; Sees Over 50% Upside Potential What goes up must come down, as we all know. This fact of physics is the underlying worry of the stock market, that fuels our suspicions of bubbles. But investment firm Goldman Sachs doesn’t believe we should worry; the firm’s chief global equity strategist Peter Oppenheimer gives several reasons to expect that the market’s current upward trend is real. His key points include the equity risk premium, the real… Source link

FUYANG, CHINA – MARCH 13, 2021 – A view of bitcoin, Fuyang City, Anhui Province, March 13, … [+] 2021.PHOTOGRAPH BY Costfoto / Barcroft Studios / Future Publishing (Photo credit should read Costfoto/Barcroft Media via Getty Images) Barcroft Media via Getty Images Cryptocurrencies hit the big time in January, but doesn’t mean they are money. Not yet anyway. In January the cryptocurrency market hit a major milestone. The market value exceeded $1 trillion in value, with Source link