Tag Archives: Ethereum

Bitcoin Bitcoin, BTC to USD, rose by 0.48% in the week ending 6th June. Following a 2.50% gain from the previous week, Bitcoin ended the week at $35,780.0. A mixed start to the week saw Bitcoin fall to a Sunday intraweek low $34,160.0 before making a move. Steering clear of the first major support level at $32,362, Bitcoin rallied to a Thursday intraweek high $39,482.0. Falling short of the first major resistance level at $39,875 and $40,000 levels, Bitcoin fell back to sub-$35,000… Source link

Buyers have attempted to push prices higher to new growth levels, but these attempts have not succeeded in the past few days. This is because the broader market sentiment which always favors the sellers always often pushes the price downward. Bitcoin’s Rejection at $38,000 Shows the Buyer’s Weakened Accumulation Despite the fears of a clampdown on Bitcoin in China, the press is notably at odds with the possibility of succeeding with banning the merging asset. Although the market may… Source link

Bloomberg This Time Is Different: Outside OPEC+, Oil Growth Stalls (Bloomberg) — “This time is different” may be the most dangerous words in business: billions of dollars have been lost betting that history won’t repeat itself. And yet now, in the oil world, it looks like this time really will be.For the first time in decades, oil companies aren’t rushing to increase production to chase rising oil prices as Brent crude approaches $70. Even in the Permian, the prolific shale basin at… Source link

Bloomberg World’s Best Rally Has Morgan Stanley to Newton Eyeing Europe (Bloomberg) — For so long the laggards of global equity markets, European stocks are back in favor and with the likes of Credit Suisse Group AG and Morgan Stanley joining an increasingly bullish chorus, investors are taking note.The Euro Stoxx 50 Index of eurozone blue-chips is up 13% so far in 2021, outperforming the S&P 500 in the opening five months of the year for the first time since 2017 and topping all other… Source link

Watch: Bitcoin falls again as China reiterates crackdown Bitcoin (BTC-USD), ethereum (ETH-USD) and other cryptocurrencies crashed on Friday after China announced a harsh clamp down on the market.  The top crypto, bitcoin, plummeted over 11% to $37,429 (£26,428), while etherreum — the world’s second largest crypto — plunged 13% to $2,552.  Dogecoin (DOGE-USD) fell as much as 15% to $0.34 during the session. Chart: Yahoo Finance The crash was triggered by Chinese vice-premier Liu Hu saying… Source link

Bitcoin Bitcoin, BTC to USD, slid by 20.06% in the week ending 16th May. Reversing a 2.96% gain from the previous week, Bitcoin ended the week at $46,597.0. A mixed start to the week saw Bitcoin rise to a Monday high intraweek high $59,589.8 before hitting reverse. Falling short of the first major resistance level at $60,831, Bitcoin slid to a Sunday intraweek low $44,021.0. The extended sell-off saw Bitcoin fall through the first major support level at $54,341 and the second major support level… Source link

SINGAPORE (Reuters) -Cryptocurrency ether broke past $3,000 on Monday to set a new record high in a dazzling rally that has outshone the bigger bitcoin, as investors bet that ether will be of ever greater use in a decentralised future financial system. Ether, the token transacted on the ethereum blockchain, rose 3% on the Bitstamp exchange to $3,051.99 by lunchtime in Asia. It is up more than 300% for the year so far, easily outpacing a 95% rise in the more popular bitcoin. In part, the big… Source link

undefined It is unclear exactly why supporters have decided 20 April, which is also International Weed Day, will be celebrated as ‘doge day’. Photo: Getty Images Bitcoin and ethereum on Tuesday extended price declines that began last week, while Dogecoin maintained its rally on what supporters have dubbed ‘DogeDay’. Bitcoin (BTC-USD) was down 4.6% to trade at $54,763.19 (£39,152.67) by 9.20am in London. Ethereum (ETH-USD), the second largest cryptocurrency, was down around 5.3% to… Source link

Bitcoin’s potential institutional adoption has been a hot topic in markets. Photo: Chesnot/Getty Images Cryptocurrency prices were volatile on Monday morning, after a wild weekend of selling that saw some tokens plunge by as much as 13%.  Bitcoin (BTC-USD) was down 1.2% to trade at $57,096 (£41,113) by 9.40am in London. Meanwhile, ethereum (ETH-USD), the second largest cryptocurrency, was down around 1% to trade at $2,253.41. Ripple (XRP-USD) was at one point 9.2% higher on Monday morning… Source link

Bitcoin believers may have new reason to rejoice following the stimulus checks, but Ethereum has use cases on its side. U.S. President Joe Biden’s $1.9 trillion COVID Relief Bill has passed congress and stimulus checks are soon to be distributed. Early signs indicate recipients are ready to buy Bitcoin. A survey by Mizuho Securities showed that out of 235 participants who expect to receive stimulus checks from the COVID Relief Bill, 10% are interested in investing in Bitcoin. It’s a small… Source link