Bitcoin under pressure as comeback fades Forex Analysis 

Bitcoin under pressure as comeback fades

By Administrator_ India Capital Sands Bitcoin fell 3% on Friday, giving up gains from the Asia session, as its recovery from this week’s plunge shows signs of faltering. Bitcoin fell to $39,262 on the Bitstamp exchange. That is roughly 30% above its Wednesday low, but just below its 200-day moving average. Rival cryptocurrency ether also came under pressure on Friday, falling 2% to $2,714. Ether is down 24% for the week and bitcoin down 15%.

Read More
Litecoin Climbs 12% As Investors Gain Confidence Cryptocurrency 

Litecoin Climbs 12% As Investors Gain Confidence

By Administrator_ India Capital Sands Litecoin was trading at $302.894 by 23:42 (03:42 GMT) on the Investing.com Index on Tuesday, up 12.23% on the day. It was the largest one-day percentage gain since May 5. The move upwards pushed Litecoin’s market cap up to $20.351B, or 0.98% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $279.000 to $307.346 in the previous twenty-four hours. Over the past seven days, Litecoin has seen a drop in value, as it lost…

Read More
Ethereum Cryptocurrency 

Ethereum Climbs In Bullish Trade

By Administrator_ India Capital Sands The move upwards pushed Ethereum’s market cap up to $490.91B, or 19.37% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $479.29B. Ethereum had traded in a range of $4,151.39 to $4,238.94 in the previous twenty-four hours. Over the past seven days, Ethereum has seen a rise in value, as it gained 26.44%. The volume of Ethereum traded in the twenty-four hours to time of writing was $51.25B or 21.87% of the total volume of all cryptocurrencies. It has traded in…

Read More
Economic News 

Dollar near multi-week lows before Fed, bitcoin reclaims $54,000

By Administrator_ India Capital Sands The dollar hovered near multi-week lows versus major peers on Tuesday, weighed by subdued Treasury yields, as investors consolidated positions ahead of the Federal Reserve’s policy decision this week. The safe-haven greenback was also out of favor after world stocks started the week hitting a record high, amid increasing investor confidence in a rapid global recovery from the pandemic. In cryptocurrencies, bitcoin traded around $54,000 following a 10% surge on Monday, driven by reports that JPMorgan Chase  is planning to offer a managed bitcoin fund.…

Read More
Bitcoin under pressure as comeback fades Market 

Bitcoin Finds Support at $50K as Long-Term Appears Intact

By Administrator_ India Capital Sands Bitcoin‘s slump Thursday was blamed on hedge funds rebalancing their portfolios ahead of the quarter-end, but the selling to $50,000 found support at a time when signs pointing to the strength of the long-term ‘hold rose to a record high for the year. BTC/USD fell 3.38% to $52,217, though had been as low as $50,350. Net transfer volume from/to exchanges – the difference between the amount of bitcoin moving on versus off-exchange – fell to a record low for the year, suggesting the move from exchanges…

Read More
Bitcoin under pressure as comeback fades Market 

Bitcoin tumbles 17% as doubts grow over starry valuations

By Administrator_India Capital Sands Bitcoin tumbled 17% on Tuesday, sparking a sell-off across cryptocurrency markets as investors grew nervous at sky-high valuations and leveraged players took profit. The world’s biggest cryptocurrency suffered its biggest daily drop in a month, falling as low as $45,000. Bitcoin was last down 11.3% at 0939 GMT. The drop extended a slump of nearly a fifth from a record high of $58,354 hit on Sunday – though bitcoin remains up around 60% for the year. “The kinds of rallies we’ve been seeing aren’t sustainable and just invite pullbacks like this,” said Craig Erlam, senior…

Read More
Business 

Bitcoin nears $50,000-mark as it hits a record in weekend action

By Administrator_ India Capital Sands Bitcoin reached a new record on Sunday, rising above $49,000 for the first time. The world’s largest cryptocurrency reached about $49,344 earlier in the day and was around $49,202 as of 10:20 a.m. in London. It’s now up about 70 percent so far this year. Rival cryptocurrency Ether hit a record on Saturday and is up about 150 percent year-to-date. Bitcoin has been buoyed in recent months by endorsements from the likes of Paul Tudor Jones and Stan Druckenmiller. Bloomberg reported earlier that Morgan Stanley may bet on Bitcoin in its $150…

Read More
Business 

Bitcoin hits all-time high after Mastercard, BNY Mellon support crypto

By Administrator_ India Capital Sands Bitcoin jumped to a record high after Mastercard and Bank of New York Mellon moved to make it easier for customers to use cryptocurrencies. The largest digital asset rose as much as 7.4 percent to $48,364, surpassing the all-time high reached Monday after Tesla announced it would hold $1.5 billion of the cryptocurrency on its balance sheet. The wider Bloomberg Galaxy Crypto Index also touched a record. “The crypto-asset world is bursting into the realms of traditional finance at a staggering pace,” said Simon Peters, an analyst…

Read More
Crypto market value tops $1 trillion as Bitcoin hits $37,000 Business News 

Crypto market value tops $1 trillion as Bitcoin hits $37,000

By Administrator_ India Capital Sands The total market value of cryptocurrencies surpassed $1 trillion for the first time Thursday amid a frenzied and volatile rally in Bitcoin to yet another record. Cryptocurrencies hit the milestone after a fivefold climb in market value in the past year, data from tracker CoinGecko shows. Strategists have cited demand from speculative retail traders, trend-following quant funds, the rich and even institutional investors as among the reasons for the surge. Bitcoin rose as much as 5 per cent on Thursday to touch a high of $37,802 and has…

Read More
Crypto market value tops $1 trillion as Bitcoin hits $37,000 Market 

Bitcoin climbs towards all-time high after topping the $19,000 mark

By Administrator_ India Capital Sands Bitcoin moved to within a whisker of its all-time high on Tuesday, after hitting $19,000 for the first time in nearly three years. The world’s most popular cryptocurrency was last up 4.8% at $19,225, just shy of its all-time record of $19,666 hit in December 2017. Bitcoin has gained around 25% in the last two weeks alone, and is up around 160% this year. Fuelling its rally have been demand for riskier assets amid unprecedented stimulus programmes to counter the COVID-19 hit; hunger for assets perceived as resistant to inflation;…

Read More