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Day: December 21, 2020
Bitcoin Falls by Over $1,000 as New Covid Strain Boosts Dollar Demand
A minor rebound in the US dollar market prompted Bitcoin to reverse its upward momentum on Monday. The benchmark cryptocurrency fell by more than $1,000 in the early morning European session, hitting an intraday low at $22,430. So it appears, Bitcoin’s latest downside move came as a correction to neutralize its overbought conditions. The BTC/USD exchange rate topped near $24,300 on Sunday, after rallying by 127 percent in 10 weeks. Bitcoin flips uptrend after logging $24,300 as its record high. Source: BTCUSD on TradingView.com Bitcoin flips uptrend after logging $24,300…
Bitcoin, Ether, and XRP Weekly Market Update December 21, 2020
The total crypto market cap added $78.1 billion to its value for the last seven-days and now stands at $637.4 billion. The top 10 currencies were mostly in green for the same time period with Litecoin (LTC) adding 27.6 percent to its value while ChainLink (LINK) lost 4.7 percent. By the time of writing bitcoin (BTC) is trading at $22,860, ether (ETH) is hovering around $616. XRP dropped further to $0.532. BTC/USD Bitcoin closed the trading day on Sunday, December 13 at $19,155 after successfully rebounding from the weekly support…
Tesla to Enter S&P 500 as 5th Largest Company by 1.69% Weightage in Index
As Tesla prepares to make an entry to the S&P 500 index later today, here’s how it will impact the index movements. The world’s largest automobile company Tesla Inc (NASDAQ: TSLA) is all set to debut on the S&P 500 on Monday, December 21. With a weighting of 1.69%, Tesla will be the fifth-largest company in the index beating other giants like Alphabet Inc (NASDAQ: GOOGL) and Berkshire Hathaway Inc (NYSE: BRK.A). After an outstanding performance, Tesla has finally roared its way to the prestigious index. As of last Friday’s…
Filecoin network suffers temporary outage
Decentralized storage protocol Filecoin (FIL) came to a standstill on Dec. 19 as a bug caused instability on the network. According to a project status report issued by the Filecoin team: “The Filecoin network is halted with most nodes stuck at height 336459 with mismatched state compute error due to indeterminate behavior.” Based on the timeline given in the status update, it took less than four hours for the Filecoin dev team to fix the problem. As part of the solution, miners had to upgrade to the new Lotus client.…
Pounds Sterling Takes Hit as UK Discovers New COVID-19 Strain and Brexit Trade Talks Deadlock
The ongoing Brexit trade negotiations hit another deadlock further contributing to the decline seen in the British Pound Sterling. The Pounds Sterling appears to be taking more of the hit in a new development that saw the UK announce the discovery of a new COVID-19 strain amid a deadlock on the ongoing Brexit trade talks. Per a report from CNBC, the United Kingdom said it had discovered a new strain of the novel COVID-19, also known as the coronavirus and that this new strain spreads more quickly than previous variants.…
Bitcoin price drops to $22.4K after weekend all-time highs
Bitcoin (BTC) lost $23,000 support on Dec. 21 as Monday trading saw a long-awaited correction begin to take shape. The move comes as U.S. futures also dropped in pre-market hours by roughly 2.5% on concerns over the new coronavirus strain in the U.K. BTC price falls to $22,400 Data from Cointelegraph Markets and TradingView showed BTC/USD hitting lows of $22,410 at press time, with 24-hour losses totaling around 3.3%. BTC/USD hourly chart (Bitstamp). Source: TradingView The move confirms suspicions among analysts that Bitcoin is due for a retracement after a…
Ethereum (ETH) Price Now
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Here is our latest Ethereum (ETH) price now. It’s time to stop the confusion. Join Us!!! Join This Elite Group – Sign Up Here: Follow us on Twitter @HueFin_News Follow us on Instagram – huefinnews Follow us on Facebook – HueFin News Inquiries: contact us at huefinnews@gmail.com Here at HueFin News we will show you that you do not need to buy expensive charting software or use indicators to understand where the market is going. The cryptocurrency market, stock market, and commodities…
270K Physical Addresses and 1M Emails of Ledger Customers Get Leaked on Raidforms
Ledger has indicated that the leaked database will not compromise the customers’ funds or even their personal hardware wallet. More than five months after major hardware wallet provider Ledger revealed a data breach from its website, the attackers have finally dumped the leaked databases on hackers’ forum Raidforms. Apparently, the leaked database is said to contain information such as Ledger Customers’ Email addresses, Physical Addresses, Phone numbers. According to co-founder and CTO Hudson Rock, Alon Gal, who reported the leak, approximately 272,000 Ledger buyers and Emails of 1,000,000 additional users…
Elon Musk Compares Bitcoin to Fiat Money, Calls Dogecoin Supreme
Endorsing the DOGE cryptocurrency, Elon Musk also changed his Twitter bio to “Former CEO of Dogecoin”. Although his Bitcoin bashing hasn’t had much effect on the BTC price. On Sunday, December 20, Tesla Inc (NASDAQ: TSLA) boss and business tycoon Elon Musk took the crypto community by storm tweeting about Bitcoin (BTC). The tweets come just at a time when Bitcoin (BTC) has been trading at a price of $23,900 levels. However, it still seems that Musk is a huge fan of Dogecoin. Firstly, Musk tweeted that “Bitcoin is my…