Tag Archives: Bitcoin

[ad_2][ad_1] Wrapped bitcoin, the bitcoin-backed token on Ethereum that is now worth over $ 2 billion, has seen an increase in burns (or “discards”) from some of its largest users as the Ethereum-based decentralized finance industry continues to cool down. BitGo clients, including Three Arrows Capital and Alameda Research, are …

[ad_2][ad_1] After a three-year hiatus, cryptocurrencies are back and attracting the attention of investors. Will it be different this time? Readers might remember the Bitcoin craze that sent the largest digital currency to an all-time high of $ 20,000 in 2017 and spawned numerous cryptocurrencies such as Ethereum and Litecoin. …

[ad_2][ad_1] Key points LTC whales aggressively increased their holding balances. This week saw the largest spike in LTC’s daily active addresses in six months. Litecoin remains challenged with a daily resistance of $ 90 as traders aim for $ 100. Share this article Litecoin has entered a period of consolidation …

[ad_2][ad_1] Bitcoin’s dramatic rise may seem overly speculative. Yet bitcoin has lagged behind other cryptocurrencies. While bitcoin has climbed 15% in the past week to a new all-time high just below $ 20,000, ethereum – the second largest cryptocurrency after bitcoin – has grown by more than 20% in the …

[ad_2][ad_1] Meanwhile, XRP, the third largest cryptocurrency, has risen by nearly 25%. Litecoin, Polkadot, Cardano, and Stellar, all of which are among the top dozen largest cryptocurrencies, also enjoyed greater gains than bitcoin. “Part of what’s going on is simple math. Smaller coins can have bigger coins [percentage] and there …

[ad_2][ad_1] The CEO of Blackrock, the world’s largest asset manager, said bitcoin “can evolve in a global market.” Furthermore, the cryptocurrency has a “real impact on the US dollar”, making the need for the USD “less relevant”. Bitcoin evolves into a global market Blackrock CEO Larry Fink made some bullish …

[ad_2][ad_1] Bitcoin’s price has nearly doubled in the past eight weeks as several major publicly traded companies bought the cryptocurrency to protect themselves from a decline in the value of their cash holdings caused by inflation. Hedging demand for the cryptocurrency may now be set to rise further, with long-term …

[ad_2][ad_1] Bitcoin was climbing towards the all-time high price of $ 19,920 dented earlier this week. “So far, prices remain limited, either with sellers unwilling to part with their coins at a lower price or with buyers unwilling to take further bets on a rally,” Matt Blom, head of sales …

[ad_2][ad_1] There has been a break to the upside in the bitcoin price above the USD 19,000 and USD 19,200 levels. BTC even rose above USD 19,400 but struggled to break out of the USD 19,500 resistance. The price is currently (13:00 UTC) trading above USD 19,200 and the bulls …

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