Tags : Surge

Market

Market Wrap: Bitcoin Near $48K While Ether Transaction Fees Surge

Bitcoin was trading between $47,000 and $48,000 for much of Thursday, breaking the $48,000 level multiple times throughout Thursday. Traders and analysts told CoinDesk they remain bullish on the overall market, as institutional investors’ interest in bitcoin is growing “at a staggering pace.” Bitcoin (BTC) trading around $47,174.04 as of 21:00 UTC (4 p.m. ET). […]Read More

Market

Litecoin Hits 3-Year High as Prices Surge Across Altcoin Markets

Alternative cryptocurrencies such as litecoin, Cardano and Chainlink are flying high Wednesday, as bitcoin takes a bull breather. Litecoin traded at $195 earlier on Wednesday, its highest level since March 2018, according to CoinDesk 20 data. At the lower press-time price of $180, the cryptocurrency is up 8.3% on a 24-hour basis. Litecoin’s network activity […]Read More

Market

Elon Musk-Prompted Bitcoin Price Surge Causes Liquidation of $387M in

Bitcoin’s latest over 10% price rise – which came after Elon Musk added “Bitcoin” to his Twitter bio – has forced out a ton of selling pressure from the derivatives market.  The sharp rise to a 10-day high of $38,020 sparked $387 million-worth of short liquidations on major exchanges including Binance, Bitfinex, BitMEX, ByBit, Deribit, […]Read More

Market

Robinhood CEO: We Weren’t ‘Forced’ to Limit Stock Buying Amid

Despite chatter circulating Thursday that Robinhood had been compelled to halt trading of stocks being targeted by a Reddit group, the firm’s CEO said it alone had made the decision in order to safeguard the firm. In a video interview on Thursday with Bloomberg’s Emily Chang, Vlad Tenev said the rumors were “categorically false” and […]Read More

Market

Crypto Volume Surge Leaves Tron Out of CoinDesk 20

The surge in cryptocurrency trading in the last three months of 2020 led to one change in the CoinDesk 20: tron (TRX) has been taken off of the list of the top crypto assets traded on verified markets while Maker’s dai (DAI) stablecoin has returned.  Verifiable crypto volume nearly tripled in the fourth quarter of […]Read More

Market

Bitcoin Mining Difficulty Hits Record High Amid Miner Revenue Surge

Bitcoin’s mining difficulty just reached a record high above 20.6 trillion as more people are mining at a larger scale than ever before thanks to ballooning mining revenue and bitcoin’s parabolic price rally. “A new difficulty all-time high is no surprise considering mining revenue has tripled in recent months,” said Edward Evenson, business development lead […]Read More

Litecoin

Litecoin (LTC) continues to surge with another intraday rally—but why?

The Litecoin price surged 6% again in the past 24 hours, after a week-long rally. It has become the second-best performing cryptocurrency by weekly gain. What’s triggering the Litecoin price rally? There are three major factors behind the Litecoin price rally: ideal technical structure, Bitcoin’s rally, decent fundamentals. Jonny Moe, a cryptocurrency trader, pinpointed the […]Read More

Altcoin

3 Reasons Why XRP is Unlikely to Benefit From Ongoing

Despite the fact that all eyes have been on Bitcoin as of late, the hype around a rally in XRP and other altcoins has grown over the past few weeks. After all, Ethereum has embarked on an extremely strong rally against BTC over the past few weeks, retaking support level after support level on the […]Read More