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Ethereum Ethereum rose by 0.46% on Tuesday. Partially reversing a 0.69% gain from Monday, Ethereum ended the day at $589.08. A bullish start to the day saw Ethereum rose to an early morning intraday high $597.04 before hitting reverse. Ethereum broke through the first major resistance level at $593.54 before sliding to a mid-morning intraday low $579.15. Steering clear of the first major support level at $577.41, Ethereum briefly revisited $593 levels before easing back. The first major… Source link

Bitcoin has been able to hold above $19,000 as it has for the past several days. Meanwhile, the ether options market on Deribit has dipped in December although a block trade strategy in the $600-$800 price range has developed. Bitcoin (BTC) trading around $19,510 as of 21:00 UTC (4 p.m. ET). Gaining 1.6% over the previous 24 hours. Bitcoin’s 24-hour range: $19,053-$19,555 (CoinDesk 20) BTC above its 10-hour and 50-hour moving averages on the hourly chart, a bullish signal for market… Source link

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source link

Senator-elect Cynthia Lummis, a Republican from Wyoming Stefani Reynolds/Pool via REUTERS Senator-elect Cynthia Lummis told the What Bitcoin Did podcast that bitcoin is a better store of value than paper money and she plans to teach Congress how to use it to reduce the national debt when she assumes office in January. “If we reach the point where we have overspent so much that things start crashing down, the black swan event occurs with any regard to any fiat currency…there… Source link

WILMINGTON, DELAWARE – DECEMBER 14: U.S. President-elect Joe Biden speaks about the Electoral … [+] College vote certification process at The Queen theater on December 14, 2020 in Wilmington, Delaware. On Monday, presidential electors of the Electoral College gathered in state capitals across the nation to cast their ballots for president and vice president. Their ballots will be formally counted during a joint session of Congress on January 6, 2021. (Photo by Drew… Source link

Bitcoin (BTC) was rising for a fourth straight day, though in a repeat of last week’s action the cryptocurrency struggled to push above $20,000 after its months-long rally from a low around $5,000 in March.  “The level of $20,000, which is commonly equated with bitcoin’s all-time high, represents a massive psychological barrier and could likely require a lot of force to break through,” Mati Greenspan, founder of the foreign-exchange and cryptocurrency research firm Quantum Economics,… Source link

ETH/USD currently trades within an ascending triangle pattern and could see a breakout to highs of $770 by end of December Ethereum price could surge to highs of $750 within the next two weeks if bulls breach a major resistance level. The smart contracts platform could also see the value of the native digital asset spike by 25% or more given historical price action over December months. At the time of writing, Ethereum price is trading around $583, about 2% down on the day. Bulls are… Source link

Bitcoin’s ascent above $19,500 was cut short early on Tuesday, possibly due to profit taking by large Asia-based investors, according to one analyst. The top cryptocurrency fell from $19,555 to $19,035, with most of the drop unfolding during the two hours to 06:00 UTC, according to CoinDesk 20 data. “I think Asian whales sold around $19,500 causing prices to drop,” Ki Young Ju, CEO of South Korea-based blockchain analytics firm CryptoQuant, told CoinDesk. He highlighted an increased… Source link

Bitcoin and major cryptocurrencies including ethereum, Ripple’s XRP, litecoin and chainlink are eyeing two huge pillars of support in the run up to Christmas. The bitcoin price, boosted along with equity markets by massive government stimulus measures throughout 2020, last month climbed back to its 2017 all-time highs of around $20,000 per bitcoin. Now, after a bipartisan group of lawmakers outlined details of a $908 billion stimulus package on Monday, traders are closely watching for… Source link

Banca Generali listed in the MIB in Milan (Photo by Alexander Pohl/NurPhoto via Getty Images) NurPhoto via Getty Images Banca Generali is to provide bitcoin custody to its customers following an agreement with Conio that will see the bank acquire a $14 million stake in the crypto-focused fintech. Financial institutions that once gave cryptocurrency the cold shoulder are now embracing it in the latest deal that further demonstrates the convergence of… Source link