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A crypto crash wiped out $1 trillion this week. Here’s what happened

New York (CNN Business) Wild, stomach-churning moments are part of the experience when you buy a ticket to the crypto circus. But the past week’s volatility was enough to make some of the crypto faithful wonder whether they’ve been bamboozled. On Wednesday, a broad crypto crash wiped out about $1 trillion in market value — a staggering […]

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Mark Cuban on his cryptocurrency portfolio: ‘I own a lot of Ethereum because I think it’s the closest to a true currency’

[CNBC, Getty Images] Billionaire investor Mark Cuban is bullish on the future of cryptocurrency and frequently compares blockchain technology to the early days of the internet. I don’t think people realize I try to test and use all this stuff and have for years. I still have crypto from the early days of coinbase. I’ve never […]

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Ethereum, Dogecoin And Other Cryptocurrencies You Can ‘Create’ Using Your Laptop

[Benzinga] Bitcoin (BTC) hit its all-time high of $41,941.56 just at the beginning of this year, but the apex cryptocurrency is not rising in isolation, the so-called altcoins are also experiencing new highs. Investors can wet their feet in cryptocurrencies by buying the coins directly from exchanges like Coinbase and Binance or fintech platforms like PayPal Holdings […]

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Bitcoin is Settling More Value Than Ethereum Again

[DeCrypt, Shutterstock] For three months, Ethereum was settling more value than Bitcoin each day. But now Bitcoin is back in the lead. Bitcoin’s (BTC) blockchain has outpaced Ethereum (ETH) in terms of the daily transferred value, reaching $14 billion per day—versus the latter’s $13 billion, Money Movers’ data shows today. More value was being moved daily across […]

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Ether, XRP and other ‘altcoins’ rally as bitcoin heads for all-time high

[CNBC, GETTY IMAGES] Ether passed the $600 level, a point it hasn’t reached since June 2018, and is up 350% year-to-date.Crypto investors said altcoins were tracking the momentum that has seen bitcoin surge recently.Bitcoin last week crossed the $18,000 threshold and is close to an all-time high.Bitcoin isn’t the only cryptocurrency posting strong gains lately. Ether, XRP and […]

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The Crucial Level To Watch As Ethereum Prepares To Shoot Toward $700

[Bitcoinist, Shutterstock] Ethereum topped out dramatically in August when it hit $490, then crashed.The coin currently trades for $370, 25% below those highs.Analysts think that Ethereum could soon shoot higher as the macro trend remains bullish.ETH will need to hold a crucial support level in the $300 range, then decisively surmount the year-to-date highs around […]

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Nearly $100M in Bitcoin Moved to Ethereum in July, Led by Retail Traders

[Coindesk, Getty Images] Ethereum is still the most popular off-chain destination for bitcoins as its supply of tokenized bitcoin (BTC) grew more than 70% in July. Monthly tokenized bitcoin supply growth since January 2020. Source: Dune Analytics, OnChainFX, CoinDesk ResearchMore than 20,000 BTC — worth roughly $225 million — are now tokenized and used in Ethereum-based protocols.Wrapped Bitcoin […]

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Here’s Why Altcoins Bouncing as Bitcoin Retraced From $10K Is Bullish

[Cointelegraph] Bitcoin price is struggling to crack $10,000 while other cryptocurrencies are attempting to catch up during the weekend lull. The price of Bitcoin (BTC), the top-ranked cryptocurrency by market capitalization, hit the psychological barrier of $10,000 but immediately rejected. Meanwhile, the sentiment is shifting from fear towards greed as the Crypto Fear & Greed Index is now […]

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