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Ethereum is trading at $601 after finally breaking the psychological barrier at $600 for the first time in two years. At the time of writing, around 305,920 ETH has been staked in the Eth2 deposit contract, representing 58% of what is needed for the contract to launch.  Institutional investors are paying $2,750 for Litecoin as the price premium widens Grayscale is known for its massive investments in Bitcoin, but the trust fund has also purchased Ethereum,… Source link

With a collective market cap of over half a trillion, it is safe to say that almost every major digital asset in the market is impressing its bag holders at the moment. Litecoin is no different and right now, for reasons unexpected, many are somewhat on its bandwagon once again. Source: LTC/USD on Trading View Since the 20th of October, Litecoin’s value has risen by a staggering 91.26%, with its press time price found to be very close to its 2020 high. In fact, there is a good chance that… Source link

Source: Adobe/ginettigino Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. (Updated at 18:37 UTC with a quote from Dan Schulman, CEO PayPal). Investments news US-based blockchain analysis firm Chainalysis told Forbes it expects to raise USD 100m venture capital at a USD 1bn valuation as soon as this week. Led by Tiger Global alum Lee Fixel’s newly founded venture capital firm,… Source link

Litecoin price is currently $86.76, but some investors are paying a lot more to purchase the digital asset. The Grayscale Litecoin Trust is trading at a premium of 3,193% to NAV. Grayscale is known for its massive investments in Bitcoin, but the trust fund has also purchased Ethereum, Litecoin, and other digital currencies in the past. Institutional investors are currently paying a lot more for the LTCN shares than the real value of Litecoin, which is around… Source link

Bitcoin price has more than doubled since its latest block subsidy halving and is now outpacing its last bull run. Data compiled by on-chain monitoring resource ChartsBTC on Nov. 23 shows that versus its two previous halvings, Bitcoin (BTC) in 2020 is right on track to deliver major price gains. Bitcoin price up 120% since May Using figures from Coin Metrics and statistician Clark Moody, ChartsBTC’s Halving Index compares Bitcoin’s progress since May’s halving with the six months after… Source link

Litecoin, the sixth most valuable cryptocurrency in the global market, increased by 30% in the past week. As LTC shows strong momentum, on-chain data points demonstrate both bear and bull cases. The daily price chart of Litecoin with moving averages. Source: LTCUSD on TradingView Researchers at Santiment identified various on-chain indicators that buy the case for a pullback and also for a continued rally. They wrote: “The often ignored and overlooked #Litecoin has experienced quite a month,… Source link

A major online poker website has been buying millions of dollars of bitcoin every day to meet demand from players wanting to cash out in bitcoin. This amounts to $100 million in bitcoin a month as about 95% of players now demand payouts in the cryptocurrency. Poker Site Buys $100 Million of Bitcoin Demand for bitcoin payouts has been rising, particularly after the recent price rally. One of the largest online poker… Source link

Ethereum, the most-actively used blockchain in the world, is approaching its deadline to convince users to pledge enough digital currency to enable a network upgrade that would allow it to process a similar number of transactions as Mastercard Inc. and Visa Inc. Since Ethereum went live it 2015 it has relied on an energy-intensive and slow method to… Source link

Yuriko Nakao/Getty Images Ethereum and Ripple are soaring, echoing the powerful rally in Bitcoin, as mass interest in cryptocurrencies picks up steam. Ethereum has jumped almost four-fold this year to just below $600, although this is still short of its record $1,500 in January 2018. The price of smaller crypto rival Ripple has hit its highest since mid-2019, having doubled in value in this month alone. This growing interest raises red flags, because many people are pouring in money… Source link

A metric from bitcoin’s perpetual futures market suggests some traders may have become overleveraged during the recent rally to above $18,000. The average level of the “funding rate” across major exchanges has risen sharply from 0.023% to a five-month high of 0.087% in the past 48 hours, according to data source Glassnode. “Rising funding rates have in the past been associated with a larger portion of the market utilizing leverage via perpetuals,” Matthew Dibb, CEO of Stack Funds,… Source link