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Benzinga What Keystone Pipeline Cancellation Means For Crude-by-rail President Joe Biden’s revocation of the March 2019 permit enabling the construction of the Keystone XL pipeline will likely result in more crude-by-rail volumes, according to industry observers. But how much volumes will increase could largely depend on the price that heavy crude oil can fetch in the global market. “The cancellation of the Keystone pipeline project was inevitable once the government changed. Despite its… Source link

Litecoin (LTC) has decreased slightly since falling short of the $238 long-term resistance level last week. Despite the rejection, the Litecoin trend still looks bullish. The price is expected to make another breakout attempt in the near future.   Long-Term Litecoin Resistance Levels Litecoin increased considerably over the past week, creating a bullish candlestick to reach a high of $230. The high was just below the $238 resistance area, created by the 0.618 Fib… Source link

Greg King of Osprey Funds Julia King As bitcoin grazes $50,000, a mad frenzy is underway to create crypto funds. Near the front of this stampede is an entrepreneur who has survived many a wild ride in the most volatile corners of Wall Street. Now is his moment to cash in. Greg King, 46, is the controlling shareholder in Osprey Funds, manager of what is likely to become the second freely traded pure play bitcoin fund in the U.S. The first one, Grayscale Bitcoin Trust, is… Source link

Ethereum Ethereum fell by 1.31% on Monday. Following on from a 0.77% decline on Sunday, Ethereum ended the day at $1,780.59. A mixed start to the day saw Ethereum rise to an early morning high $1,814.74 before hitting reverse. Coming up short of the first major resistance level at $1,843, Ethereum tumbled to an early morning intraday low $1,659.93. The sell-off saw Ethereum fall through the major support levels before finding support. Steering clear of the 23.6% FIB of $1,454, Ethereum broke back… Source link

Photographer: Akos Stiller/Bloomberg Bitcoin reached another record, coming ever closer to $50,000, as the world’s largest cryptocurrency extends its breathtaking rally. The token climbed as much as 3.6% to $49,913 in Asian trading Tuesday, according to a composite of prices compiled by Bloomberg. Bitcoin’s volatile, fivefold advance over the past year towers above the returns from… Source link

Bitcoin, after taking a week-long breather in its blistering 2021 bull run, has suddenly shot higher. The bitcoin price briefly climbed past the closely-watched $50,000 per bitcoin level for the first time late on Monday evening, hitting $50,110 on the San Francisco-based exchange Coinbase and $50,240 on the Singapore-based crypto derivatives exchange Bybit before falling back. MORE FROM FORBESLawyers Warn Tesla Billionaire Elon Musk Over Bitcoin Boosting TweetsBy Billy Bambrough … Source link

Photographer: Akos Stiller/Bloomberg Photographer: Akos Stiller/Bloomberg China’s blockchain stocks are missing out on the cryptocurrency mania that has pushed their global peers to record highs. A Bloomberg-curated basket… Source link

Bitcoin came close to breaking the $50,000 barrier at the weekend and our Big Read on the cryptocurrency looks at its 350 per cent gain in the past 12 months. Driving the price in the past week has been the Tesla revelation that it had spent $1.5bn on bitcoin. Then BNY Mellon — America’s oldest bank — on Thursday said it would start holding and transferring cryptocurrencies for asset management clients, while Mastercard announced it would soon support “select… Source link

In the early hours of Feb. 15, Ether (ETH) price plunged to $1,660, followed by a 9% recovery within 10 hours. The move triggered $280 million in futures contracts liquidations, indicating excessive leverage from longs. Although the initial anxiety regarding CME’s ETH futures launch on Feb. 8 seems to have faded, sustained excessive transaction fees might have undermined investors’ confidence. Nevertheless, the fundamentals behind Ethereum remain solid, indicating ETH price should promptly… Source link

Bitcoin fell back after nearing $50,000 yesterday, but quickly recovered to more than $48,800. This … [+] helped show its strength. (Photo Illustration by Mykola Tys/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Bitcoin illustrated its resilient nature today, managing to keep much of the gains it experienced during its recent climb toward $50,000. The world’s most prominent digital currency reached a fresh,… Source link