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Ethereum Ethereum rallied by 2.88% on Wednesday. Following on from a 0.29% gain on Tuesday, Ethereum ended the day at $752.86. Another mixed start to the day saw Ethereum rise to an early morning high $746.86 before hitting reverse. Falling short of the first major resistance level at $751.61, Ethereum slid to a late morning intraday low $717.00. Steering clear of the first major support level at $699.95, Ethereum rallied to a late intraday high and a new swing hi $759.00. Ethereum broke through… Source link

Ether (ETH) price has gained 88% since November, astonishing even the most bullish investors as the top altcoin secured a 2020 high at $750. Aside from the upcoming CME ETH futures launch scheduled for Feb. 8, the phenomenal growth of the total value locked (TVL) in Decentralized Finance protocols also played a major part. Total Value Locked, USD. Source: DeFi Pulse As the above data indicates, investors are even more confident that Eth2 has been a success, despite the real potential of delays… Source link

Text size Dreamstime Bitcoin’s price hit a record Wednesday. A strategist at Fundstrat sees even more upside from current levels in the next six to… Source link

Monero traded within a range, but the past few hours saw the price approach the $164 level of resistance once more. It has stayed above the mid-point of the range over the past week, which was a bullish development. Dash formed a scallop trading pattern that was not yet confirmed to be tradeable, while Augur attempted to rise past a level of resistance but was rejected. Monero [XMR] Source: XMR/USDT on TradingView In mid-December, XMR touched the $164 price point and dipped to $142 a few… Source link

Few assets in 2020 have outpaced the gains of bitcoin but the shares of one company have been deftly riding the coattails of the epic resurgence in the No. 1 digital currency, and the rally in ethereum. Riot Blockchain Inc. RIOT, +9.31%, once a biotechnology company back in 2017 and now a digital currency miner, has gained nearly 1,500% thus far on the year. Meaning that $1,000 invested in the company at its Dec. 31, 2019 closing price at $1.12 would… Source link

For many reasons 2020 will loom large in future textbooks on financial history.  This year saw the biggest drop-off in economic output since the Great Depression, the biggest spate of money printing in the Federal Reserve’s 107-year history spurred by a coronavirus pandemic, an epochal shift toward remote working and negative prices for crude oil futures. Perhaps as important in the pantheon of monetary milestones, 2020 saw the first real signs banks, money managers, insurance firms and… Source link

Bitcoin is an attention grabber. It has gained 271%, more or less, so far for 2020. That’s a whopper of a number. And no wonder that it’s getting the attention of everyone from newly minted super-speculative traders to old market veteran guys like me. Source: Bitcoin U.S. dollar Spot — Source: Bloomberg And that price gain includes the minor plunge in February-March of a mere 46.11% which, in perspective, may just be argued as a bad series of trading days for the cyber… Source link

In less than 48 hours, 2020 will be behind us.  It almost seems too big a task to recount all that has happened in this world, in this industry and in our own personal lives but our colleague Brad Keoun, editor of CoinDesk’s daily cryptocurrency markets newsletter, First Mover, offers an excellent start to summarizing  2020. He writes: “This year saw the biggest drop-off in economic activity since the Great Depression, the biggest money-printing episode in the Federal Reserve’s 107-year… Source link

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. As 2020 draws to a close, Bitcoin is continuing its remarkable rally. The cryptocurrency has surged to a new all-time high today, bursting over $28,500 early this morning. That’s a gain of over 5% today, and means bitcoin has jumped by 46% since the start of the month. For 2020, it’s up almost 300%, among increased interest from institutional investors, and concerns… Source link

Digital asset exchange Huobi noted earlier this month that the ongoing upgrade of Ethereum (ETH), the world’s largest platform for building decentralized applications (dApps), is expected to make the original smart contract enabled blockchain “much more usable, scalable, and effective” — but it will also take a fairly long time before the transition to Ethereum 2.0 has been successfully completed. As mentioned in a blog post by the Huobi Group, the path to Ethereum 2.0 will “not… Source link