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(Bloomberg) -- A cryptocurrency data network run by some of Wall Street’s biggest players showed a roughly 90% plunge in Bitcoin on Monday, a glitch that didn’t show up on other platforms.

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The platform, called Pyth, is heralded by its supporters as an industrial-grade source for pricing information on assets like stocks and cryptocurrencies. Its contributors include finance giants like Jump Trading Group, DRW and FTX.

On Monday, it briefly reported Bitcoin’s price as $5,402. “Engineers are continuing to investigate the cause and a full report is in the works,” Pyth tweeted Monday morning. There have been no further tweets from Pyth on the matter.

It’s an eye-catching error for a system that gets its information from some of the most sophisticated traders.

“For something like this to succeed, the data needs to be something people can rely on,” Joe Molluso, co-president and co-chief operating officer of Pyth contributor Virtu Financial Inc., said in a June interview.

Things seem to have returned to normal Tuesday. Bitcoin’s price was recently given as $41,888, close to prevailing levels.

It’s the second recent problem. Pyth connects to the Solana blockchain, which stopped working for more than 17 hours last week. That outage also took down Pyth.

Read More: What the Solana Blackout Reveals About the Fragility of Crypto

It’s unclear how widespread any troubles caused by the Bitcoin plunge on Pyth might have been. The Twitter account for Bonfida, a project built on Solana, said the decline “caused a series of liquidation events on the Audaces protocol BTC-PERP market (unfortunately working as intended).” Audaces is Bonfida’s perpetual futures platform.

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Five cryptocurrencies have skyrocketed 100% or more in just one week despite the broader correction in the crypto markets. 

At the top of the list is XYO Network (XYO), a decentralized network of devices that anonymously collects data with a geographical component. The crypto asset, which holds a market cap of over $590 million, surged nearly 285% from a seven-day low of $0.013 to a high of $0.05, according to CoinGecko. 

Next up is Oasis Network (ROSE), a privacy-focused decentralized blockchain platform for open finance. The crypto asset ignited a 167% rally this week after climbing from a low of $0.12 to a high of $0.32. The token has retraced since and is now trading at $0.26. 

Interoperable blockchain technology Quant (QNT) is also on the list of top performers this week. The crypto asset rose over 124% after rallying from a seven-day low of $190.48 to a fresh all-time high of $427.42.

Quant has given up some of its gains as it is now valued at $377.76.

Algorand (ALGO) is also seeing a price surge. The digital asset for decentralized finance (DeFi) with a market cap of over $10 billion soared from a seven-day low of $1.19 to a high of $2.41, marking an increase of 102% in just one week.

Even after more than doubling its value in seven days, ALGO is still down from its all-time high of $3.56.

The fifth altcoin that saw a major rally this week is the token of the artificial intelligence-operated blockchain project Velas (VLX). From a low of $0.09, the crypto asset ascended to a high of $0.18, representing gains of 100% in a week.

At time of writing, VLX is trading at $0.12. 

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Coinbase is making due on its promise to accelerate the listing of new assets by expanding full trading support to yet another cryptocurrency.

The exchange now enables customers to buy, sell and hold the native asset for Horizen (ZEN), an interoperable blockchain ecosystem, via Coinbase.com and its mobile apps.

Coinbase Pro listed ZEN on Wednesday. The crypto asset is trading at $94.46 at time of writing and is up nearly 8% on the week, according to CoinGecko.

Coinbase’s CEO Brian Armstrong said this summer that the exchange was hustling to list as many altcoins as possible.

It has recently added support for the Rari Governance Token (RGT), XYO Network (XYO), DerivaDAO (DDX), DFI.money (YFII), Radicle (RAD), COTI (COTI), Axie Infinity (AXS), Request (REQ), TrueFi (TRU), Wrapped Luna (WLUNA), Harvest Finance (FARM), Fetch.ai (FET), Paxos Standard (PAX), Polymath Network (POLY), Clover Finance (CLV), Mask Network (MASK), Rally (RLY), BarnBridge (BOND), Livepeer (LPT), Quant (QNT), Braintrust (BTRST) and Shiba Inu (SHIB).

Coinbase has also said it is considering adding support for these cryptos:

Aragon (ANT)Arweave (AR)Ampleforth (AMPL)Helium (HNT)Hedera Hashgraph (HBAR)Kava.io (KAVA)Ocean Protocol (OCEAN)Reserve Rights (RSR)tBTC (TBTC)Theta Network (THETA)UMA (UMA)DigiByte (DGB)Render Token (RNDR)Siacoin (SC)VeChain (VET)

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The cryptocurrency Quant trading strategy is a quantitative analysis trading system that relies on price and volume to identify profitable trading opportunities.The basic quantitative trading tools that are available to individual crypto traders and investors includes moving averages and oscillators.The attached indicators are quite helpful in optimizing the probability of executing a profitable trade.Owing to the secured trade setups used herein, traders are safe from getting overwhelmed as a result of the vast amount of incoming crypto chart data.One of the most pervasive problems associated with trading is emotion, which eventually leads to losses.Be in control of your cryptocurrency trading career with this one-stop system.Lets show you howTrade Setup MT4 Indicators: KeltnerChannels.ex4 (Colors Modified; #0=None, #2=None, Colors Width Modified; #1=2), Moving Average.ex4 (Inputs Variable Modified; Period=24, Style=Magenta), kg-wave-minor.ex4 (Default Settings)Suitable for: Scalping, day trading, swing trading, investingTrading Time: 24/7, Around the ClockCryptocurrency: Any (Bitcoin and Altcoins)Timeframes: AnyDownload Download the Cryptocurrency Quant Trading StrategyBuy Trade Example : NEO/USD (NEO / US Dollar), H1 Chart Fig. 1.0Strategy Rules Buy Signal Open a buy trade if the following trading conditions appear on the crypto chart:If the magenta line of the 24 SMA Metatrader 4 currency indicator line crosses below the yellow line of the KeltnerChannels indicator as shown on Fig. 1.0, Neo coin price is said to be dragged higher i.e. a trigger to buy the designated cryptocurrency.If the blue and red histograms of the KeltnerChannels currency custom indicator waves above the 0.00 horizontal level (see Fig. 1.0), the overall Neo crypto market sentiment is said to be bullish, therefore a buy alert will suffice.Suggested Stop Loss for Buy Trade : Place stop loss below medium-term support.Suggested Exit Strategy/Take Profit for Buy Trade Exit the buy trade if the following trading conditions appear on the chart:If the magenta 24 SMA indicator line intersects the yellow line of the KeltnerChannels indicator while a bullish trend is running (refer to Fig. 1.0), it is a signal to exit or take profit immediately.If the kg-wave-minor pops up a red histogram below the 0.00 horizontal level while a bullish trend is ongoing, bullish Neo coin price pressures is said to be halting, thus an exit or take profit will do .Sell Signal Open a sell trade if the following trading conditions appear on the crypto chart:If the magenta line of the 24 SMA digital currency indicator line crosses above the yellow line of the KeltnerChannels indicator as illustrated on Fig. 1.1, bearish price pressures is said to be building up, therefore a trigger to sell the cryptocurrency of interest.If the red and blue histograms of the KeltnerChannels currency custom indicator waves below the 0.00 horizontal level as exemplified on Fig. 1.1, the general Neo market sentiment is said to be bearish i.e. a signal to go short on the Neo cryptocurrency.Suggested Stop Loss for Sell Trade: Place stop loss above medium-term resistance.Suggested Exit Strategy/Take Profit for Sell Trade Exit the sell trade if the following trading conditions appear on the chart:If while a bearish trend is ongoing, the magenta 24 SMA indicator line intersects the yellow line of the KeltnerChannels custom indicator (checkout Fig. 1.1), it is a trigger to exit or take profit at once.If the kg-wave-minor indicator pops up a blue histogram above the 0.00 horizontal level during a bearish trend, Neo price is said to be making a likely bullish reversal, thus an exit or take profit stance is apt .Sell Trade Example: NEO/USD (Neo / US Dollar), H1 Chart Fig. 1.1Free Download Download the Cryptocurrency Quant Trading StrategyAbout The Cryptocurrency Technical Indicators Used The KeltnerChannels indicator is a volatility-based envelopes that can be added to any crypto chart for the purpose of spotting volatility and trend buildups.The 24 SMA (Simple Moving Average) is a technical analysis indicator that smoothens out digital currency price data by constantly creating an updated average price.The kg-wave-minor MT4 indicator is an oscillator that mimics wave-like motion when defining market trends.EasyInstallation Start using this cryptocurrency strategyin just 5 minutes.Click hereto get started now. Share Now!

Higher-profile projects Polkadot and Chainlink have had solid rallies over the past week.

Terra is up 30% in the past week, while Quant recently hit an all-time high.

Meanwhile, THORChain is on the rebound after recovering from a series of hacks and attacks.

In this episode of the BeInCrypto video news show, host Jessica Walker takes a look at our pick for the top 5 altcoins of August. We will discuss updates for each platform and analyze recent price movements.

Polkadot (DOT)

Polkadot is first on our list of top altcoins. DOT registered a staggering 13.2% gain overnight as prices rallied owing to broader market stability. At the time of recording, DOT stood at $18.74. A slight push from the bulls would have the token test its resistance level of $19.69. In case prices retrace, the support region for DOT can be marked at $16.77 and then at $15.76. Market volatility remained high and after a 40% surge over the last ten days or so, this could herald more upside in August.

This most recent jump isn’t fueled only by the recovery in the broader market. There have been several very positive developments around the project with its first decentralized exchange launched by Karura, the decentralized finance (DeFi) network of the Acala Foundation. Progress on parachains has also been reported, and we could see some hype after they are officially announced.

Chainlink (LINK)

Number two is Chainlink. After initial hype in 2020, Chainlink has been generally unable to recapture the same levels of enthusiasm in 2021, but it has gained 20% in the last week.

Something that makes Chainlink a very powerful tool is its oracle contracts. It gives economic incentives to those running them and the responsibility to be accurate and reliable. This is because the reputation of each oracle is stored on a public blockchain. This potentially attracts high-quality node operators to the network. These incentives will motivate them to build a reputation on the Chainlink network.

It’s broken through several resistances that were set over the last months and momentum could keep it going in the next weeks. 

We also think this is one to watch especially in August, with the Smart Contract Summit, aka SmartCon, Chainlink’s largest event of the year scheduled to run from August 5 to 7.

Terra (LUNA)

Next up is Terra. With a 30% jump this week here we have a crypto which stablecoin fans have known about for a while. They have a unique way to mint stablecoins pegged to fiat currencies.

Some of the major developments for the Terra ecosystem include the launch of Mirror V2, the addition of Terra farming opportunities on Dfyn, and the listing of LUNA on the Crypto.com exchange. Another important bit of news was the partnership with the Harmony protocol. This represents another confirmation of the demand for stablecoins and their role in the future of cryptos and DeFi.

The chart shows we are at an interesting point in this recovery. The price is trying to break above a resistance set in mid-April, as well as the downtrend line since late March. A consistent move above these two could signal another large surge upward.

As a final note, we have to include that lately there have been rumors of more stable regulation from central banks. That could pose a risk for Terra in the long run, but right now all we’re seeing here is potential.

(QNT)

At number four we have a crypto for which we can use a phrase that we haven’t for quite a while on our channel – here is a crypto that just hit an all-time high! 

Quant network has one main goal, to provide seamless interoperability between distributed ledger technologies (DLTs). DLTs are just distributed databases and blockchains like Ethereum and Bitcoin are a subset of DLTs. Public health operations, large corporations, banks and even central governments are starting to move to DLTs over regular databases. The issue arises when all these different entities are using different DLTs and need to send information between each other. Quant’s flagship Overledger OS bridges the gaps.

The Quant token was trading at about $95 two days ago, and it shot up to its all-time high of $187. It skyrocketed from about $12 at the beginning of the year to $90 by the end of June. Although, it’s difficult to determine if today’s price action will hold. However, if Quant gains further widespread adoption, it could easily succeed. The main reason Quant was up massively is because of its new listing on Binance Exchange, announced on July 30. This one will very likely see sharp moves in both directions during August, but it’s definitely one to watch! 

THORChain (RUNE)

Last on our list is THORChain. There’s been a lot of back and forth for this project in recent days. There were two attacks in the space of two weeks, with the latest hack costing about $8 million in Ethereum. Only a week before that, the protocol’s ETH liquidity providers suffered losses of about $5 million dollars in similar circumstances. The protocol was also hit by an incident in late June, though that time the losses amounted to only $140,000 dollars.

After the latest incident, THORChain confirmed that it would halt its network chain and conduct additional security audits. The team even hosted 20 white hat hackers for a THORChain “code walkthrough.” All the measures seem to have done the trick and the token is up 64% in the last week.

After touching a multi-month high above $51,000, bitcoin has retraced slightly and currently stands around the coveted $50,000 mark. Most altcoins have also stalled on a 24-hour scale, except for Polygon, which has surged by roughly 20% in a day.

Bitcoin Stands Around $50K

Ever since the primary cryptocurrency recovered from its dip to $46,300 at the start of the month, the bulls have had control over the market. They pushed the asset to and beyond $50,000, as reported yesterday.

Furthermore, bitcoin went to just over $51,000, which became the highest price tag since the mid-May correction. However, as it happened with the previous attempts to overcome this particular level, BTC was rejected and dumped by a few thousand dollars.

This resulted in a drop to around $49,000 hours ago. As of now, though, bitcoin has reclaimed some ground and currently sits just beneath $50,000 once again.

Its market capitalization is just shy of $950 billion, while BTC’s dominance over the alternative coins stands still at over 41%.

Alts Stall While MATIC Surges

Most alternative coins have also calmed since yesterday. Ethereum went to a high of just over $4,000 but has failed to continue upwards. A quick retracement has driven the second-largest cryptocurrency down beneath $3,900.

Further declines come from Cardano (-2%), Ripple (-2.5%), Solana (-5%), and Polkadot (-3%).

On the other hand, Binance Coin, Dogecoin, Uniswap, and Litecoin are slightly in the green.

Polygon is the most significant gainer from the larger-cap altcoins. MATIC has surged by nearly 20% in a day to around $1.75.

Quant’s performance has trumped the rest of the top 100 coins. QNT has skyrocketed by 27% and has neared $250. IOTA (16%), Axie Infinity (15%), Filecoin (12%), and Siacoin (10%) follow suit.

Consequently, the cumulative market cap of all crypto assets has remained rather stable as well and is just below $2.3 trillion.

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Did you Know?

Financial payments startup Square is working on a real-world wallet for bitcoin. Hardware wallets can be used to store digital currency offline, synching with applications for transactions on the internet.

After the crash, the crypto heavyweights recovered briefly. Thereafter, it was a pretty flat week for Bitcoin and Ether. The third-largest crypto by market capitalization, Cardano, which had a fantastic rally during the beginning of the month, remained under the grip of bears this past week. However, it was not all gloomy for the investors. Solana, the closest competitor to Ethereum, has been a hot favorite of several investors lately. A fantastic rally propelled it to the spot of the sixth largest cryptocurrency in terms of market capitalization. Another interesting crypto project that did spectacularly well was Algorand. Its native token, ALGO, managed to grab eyeballs and rose to the seventeenth position. ALGO did not tank hard even during some of the severe market crashes over the past three months. The total crypto market cap stood at around $2.07 trillion as of September 11, 2021. The US Securities and Exchange Commission appears to have locked horns with cryptocurrency exchanges lately. The US Securities and Exchange Commission (SEC) has threatened to sue Coinbase if the crypto exchange goes ahead with its plans to launch a program allowing users to earn interest by lending crypto assets. The SEC is also investigating the crypto exchange developer Uniswap Labs, the lead developer behind one of the world's largest cryptocurrency exchanges, Uniswap, the Wall Street Journal reported on Friday, citing people familiar with the matter. Among the top 10 cryptocurrencies, the best performer for the week has been Solana. All other coins among the top 10 ended the week in the red. The worst performer among the top 10 this past week was the meme-coin, Dogecoin. Reports suggest that institutional investors have continued to ramp up their Bitcoin holdings. Asset managers accumulated more than 4% of Bitcoin's total supply, while both private and public companies, both hold more than 1% of it. Additionally, Investment bank Morgan Stanley bought shares worth $240 million of Grayscale Bitcoin Trust (GBTC). Investors are still hopeful of the SEC approving multiple Bitcoin ETFs in October. Top 5 crypto gainers during the week: Algoran (ALGO) 71% Quant, (QNT): 60% Elrond (EGLD): 50% Harmony (ONE): 47% NEAR Protocol (NEAR): 46% Top 5 crypto losers this week: eCash (XEC): 31% Revain (REV): 27% Internet Computer (ICP): 26% Polygon (MATIC): 25% Telcoin (TEL):23% (The author is Edul Patel, CEO & Co-founder, Mudrex. The views are his own.).

Bitcoin (CRYPTO: BTC) and major cryptocurrencies remained rangebound as the global cryptocurrency market capitalization rose 1.37% to $1.57 trillion on Thursday night.

What Happened: The apex coin traded largely flat, up 0.32% at $40,020.55, over 24 hours at press time. Over the week, BTC is up 24.13%.

Ethereum (ETH) traded 4.56% higher at $2,393.61 and, over a seven-day period, is up 18.42%.

See Also: How To Buy Ethereum (ETH)

Shiba Inu-themed Dogecoin (CRYPTO: DOGE) was up 0.36% at $0.205 over 24 hours. For the week, DOGE has risen 8.2%.

DOGE was up 0.07% against BTC and, against ETH, it fell 3.88% over 24 hours.

Solana (CRYPTO: SOL) was among the top gainers over 24 hours on Thursday. The so-called Ethereum-killer rose 12.91% to $31.18 over 24 hours. For the week, SOL has risen 13.09%.

SOL is up 12.39% and 7.95% against BTC and ETH respectively over 24 hours.

Minor altcoins that were in the green over 24 hours included Quant (CRYPTO: QNT), THORChain (CRYPTO: RUNE), and Fantom (CRYPTO: FTM).

QNT rose 33.22% to $131.11, RUNE spiked 20.94% to $5.62, while FTM was up 10.14% to $0.25 in the period.

Why It Matters: Some analysts are of the view that BTC will move within the $30,000 to $40,000 range in the short term.

“Our sense is that the market will keep looking to trade within this $30K-$40K range in the near term,” said QCP Capital, reported Coindesk.

Amber Group’s head of America Jeffrey Wang said, “Price levels to consider are the $40,000 psychological price level, and $44,000, which is the next resistance level BTC saw when Tesla announced they would accept BTC as payment back in February.”

On ETH’s chart, Benzinga’s Tyler Bundy said Thursday that the $3,000 level has previously held as resistance. 

See Also: Bitcoin Active Addresses At Their Lowest Since February Of 2019

Bundy wrote that the low trendline is holding as support and has been building up to the resistance level, while the relative strength index has been moving up, and should that trend continue in line with price, there may be a breakout above resistance.

Meanwhile, PayPal Holdings Inc’s (NASDAQ:PYPL) “super app” digital wallet interface will come with enhanced cryptocurrency functionality. The company’s CEO Dan Schulman told analysts at an earnings call he was “pleased with the momentum we're seeing on crypto.”

Read Next: Is Now A Good Time To Buy Dogecoin?

If you’re a Cardano (CCC:ADA-USD) bull, you’re likely watching the minutes tick by as Sunday approaches. It will be one of the biggest days in the network’s history, considering how large its impending Alonzo hard fork will be. Cardano crypto fans are waiting excitedly for the big day. With official channels confirming the date, investors are holding tightly to their wallets.

© Provided by InvestorPlace The Cardano (ADA) token with other gold and silver tokens in the background.

Early last month, momentum began to seriously build around the Alonzo Purple upgrade. The hard fork will be the final step in a series of network upgrades. Most notably, the fork will bring smart contracts to the Cardano network. Of course, smart contracts are one of the most popular technologies for any burgeoning crypto project; they allow for faster transactions, thanks to automated brokerage of trades when conditions are met. This removes a lot of the energy needed to conduct transactions on the Cardano chain.

Additionally, they provide Cardano with the opportunity to catch onto some of the largest trends going on in blockchain: non-fungible tokens (NFTs). The NFT space is a multi-million dollar industry, and everybody from retail investors to celebrities and art collectors are trying to get their hands on their own unique tokens. With smart contract capabilities, Cardano can mint its own NFTs, bringing some market share from the trend to the network. Also, as NFTs morph and evolve, Cardano will be able to keep pace with the industry better than other networks who don’t currently accommodate smart contracts.

Cardano Crypto Looks to Gain Over the Weekend With Alonzo Fork

The Alonzo hard fork has been long teased, but its release is just on the horizon. Cardano founder Charles Hoskinson’s crypto research firm Input Output confirmed on Tuesday that the fork will be occurring on Sunday, Sept. 12.

With the hard fork on the horizon, investors are expecting the token to push past its all-time high of $3.10; it reached this level just a week ago. Earlier in the week, the coin fell to a seven-day low of $2.16 as a result of the market-wide crypto flash crash. It’s steadily gaining back value as the weekend approaches. Today, the ADA coin is up over 6%.

On the date of publication, Brenden Rearick did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

BTC price still trading north of $47,000 | Source: BTCUSD on TradingView.comFeatured image from AtoZ Markets, Chart from TradingView.comTags: bitcoinbitcoin pricebtcbtcusdBTCUSDTtim draperxbtcusdTweetShareBitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?Win up to $1,000,000 in One Spin at CryptoSlots Best Owie Related PostsMid-Cap Altcoins Crushed Bitcoin And Ethereum In August 14 hours agoWhy So Bearish? Fidelity Suggests Bitcoin Price Could Rise To $100 Million 15 hours agoQuant Explains Why Bitcoin Bull Cycle Is Only In Phase 1 2 days agoThe 411 On “Adopting Bitcoin,” A Lightning Network Conference in El Salvador 2 days agoBillionaire Who Predicted 2008 Housing Crash Says Bitcoin Is “Worthless” 2 days agoBitcoin Mempool Shows Low Demand?, Why Bears Could Stage A Comeback 2 days agoPremium Partners Top Brokers eToroReview·Visit ArbiSmartReview·Visit PrimeXBTReview·VisitTop Casinos BitStarzReview·Visit mBitReview·Visit CryptoGamesReview·Visit Bonusfinder DEReview·Visit BspinReview·Visit Top ICOs Student CoinReview·VisitPress ReleasesBitget Unveils Rewards Center, Offering New Users with up to $630September 2, 2021 JuicyFields: 75 tons of Medicinal Cannabis Harvest in 2021 is Just the Beginning of the Long-Running GameSeptember 2, 2021 aelf Mainnet Token Swap: Inaugural Activation of All-Connected EcologySeptember 1, 2021 Mars Ecosystem – Bringing New Innovation to DeFiSeptember 1, 2021 MOONIMON UNIVERSE: The Next Generation of NFT under the RadarSeptember 1, 2021

Bitcoin surpassed the $52K handle on Monday morning, as crypto-asset markets have been moving northbound and gathering more fiat value. The overall crypto economy is around $2.45 trillion and it has gained 3.5% during the last 24 hours. Meanwhile, bitcoin charts show a pending golden crossover which to many means the overall market outlook looks bullish.

Bitcoin Hits Resistance Above the $52K Handle

Digital asset markets are in the green today and many crypto assets have seen single to double-digit gains during the last 24 hours. At the time of writing, the entire crypto-economy of 10,000+ cryptos in existence is around $2.45 trillion on Monday. Bitcoin (BTC) has gained more than 3.5% today and 6.3% during the last seven days. On Monday morning (EST), BTC surpassed the $52K zone reaching $52,230 per unit. Many assume BTC’s next few months will be bullish and a pending golden cross chart signal indicates this may be the case.

Basically, when the short-term moving average jumps over the long-term moving average and starts moving northbound, traders call it a golden cross and assume an upward trend is coming. “On Friday, BTC broke through the resistance of $50,500, paused for the weekend, and exceeded $51,500 on Monday, where it is now struggling to hold on,” Fxpro senior financial analyst Alex Kuptsikevich told Bitcoin.com News.

“Actually, Bitcoin has been trading above $50,000 since last week as the bulls managed to keep the rate above the 200-day moving average. In light of this, the price of ‘over fifty’ has become quite common over the past few days,” Kuptsikevich added. The analyst further stressed:

Anchoring above this mark will open the way to $60,000 and may become a catalyst for a fully-fledged reversal of the crypto market.

Ethereum Closing in on All-Time Highs, Myriad of Other Cryptos See Double-Digit Gains

Meanwhile, ethereum (ETH) is only up 0.3% today but over the last week, ether has gained 22.2%. ETH hit a high above the $4K handle on September 1, but has been below that region since then. Simon Peters, Etoro’s crypto-asset analyst, says ether is headed toward all-time price highs.

“Ether is closing in on all-time highs while bitcoin has reached above $50,000 for the first time since mid-May,” Peters said. “ETH surged in the last week, coming close to breaching the $4,000 level. The crypto asset began the week below $3,200 but rose quickly through the week, reaching $3,981 by Friday. Over the weekend gains have flattened but remain trading in this range,” he added. The Etoro crypto analyst continued:

A confluence of factors is contributing to the rising price of ETH. ETH burning, staking, gas fees, transactions, and locked away tokens on defi are all working in concert to support price levels. BTC meanwhile has hit above $50,000 for the first time since mid-May. The crypto asset started the week with falls to below $47,000 before rallying midweek above $50,000. In early trading today BTC has surged again, closing in on $52,000.

As bitcoin and ethereum have seen some gains and of course attention, a number of other crypto-assets have seen better returns over the last 24 hours. Coins like quant, omg network, filecoin, ftx token, fantom, qtum, chainlink, mdex, bitcoin cash, and EOS have all seen double-digit 24-hour gains.

What do you think about bitcoin and the rest of the crypto economy’s recent improvements? Let us know what you think about this subject in the comments section below.

Smart contracts have finally come to Cardano, fixing what many considered a glaring deficiency with the world’s third-biggest cryptocurrency by market cap.

The Alonzo upgrade that adds smart contract functionality took effect around 8am AEST today, and already dozens had been deployed.

— Charles Hoskinson (@IOHK_Charles) September 13, 2021

— HUNNIT D (@HunnitD_) September 13, 2021

— Jason Appleton (Crypto Crow) (@jasonappleton) September 12, 2021

“By allowing Plutus scripts to be written and executed on-chain, we’ll have the backbone for a new decentralized application platform, enabling numerous DApp and decentralized finance (DeFi) use cases – from simple swap type apps to decentralized exchanges (DEXs), and more complex computational programs such as Oracles and crypto-backed algorithmic stablecoins,” wrote IOHK marketing and communications director Tim Harrison in a blog post.

But he added that users should expect some bumps in the road, with imperfect user experiences, issues with early decentralised applications and perhaps hacks from bad actors looking to exploit poor coding practices.

At 11am AEST, Cardano’s ADA tokens were down 0.5 per cent to US$2.55 (A$3.59).

Crypto is notoriously tribal, and some backers of other smart contract platforms had bet against Cardano being able to offer them on time – literally.

But prediction market Polymarket was now showing the bet resolved. Crypto fans had bet $890,684 on it.

Shane Stevenson, chief executive of Australia’s Cointree exchange, said that the upgrade would help Cardano rival Ethereum.

“If Cardano continues the performance it has had over the last month, it wouldn’t be surprising to see ADA hit A$5 by the end of the year,” he said, adding that many of Cointree’s top traders hold ADA in their portfolios.

“We see a multi-chain future as the cryptocurrency industry continues to grow and we expect Cardano to be a major competitor to Ethereum.”  

Cosmos soars

Cosmos (ATOM), the No. 19 coin, was up 30 per cent to US$34.76, and had earlier this morning hit an all-time high of $36.58.

I cant emphasize enough that now is the time to be buying $ATOM while it is still cheap.

— Jerry Smith (@Whoopensocker3) September 11, 2021

Osmosis, a decentralised exchange for trading tokens in the Cosmos ecosystem, was the biggest gainer in the top 100, rising 30.7 per cent to US$6.38.

It had earlier this morning hit an all-time high of $6.81.

The No. 96 coin, Osmosis was trading under $2 as recently as mid-August.

Overall the crypto market was up 3.3 per cent to US$2.2 trillion, with Bitcoin up 2.2 per cent to US$46,057, reclaiming its 200-day simple moving average.

Still, Bitcoin chartist @MICKrypto (formerly @bitcoin_charts), wrote on Twitter that there were a “few bullish developments on the chart, but please be aware that there are still more bearish points than bullish.”

Solana had cooled off after days of strong gains, falling 6.4 per cent to US$163, while XRP had regained the No. 6 spot with a 2.3 per cent rise to US$1.09.

Ethereum was up 3.9 per cent to US$3,389.

Polkadot, the No. 8 crypto, was up 15.9 per cent to US$35.91 after a successful weekend hackathon.

Harmony had also hit an all-time high this morning, of US22.5c, and at noon was up 20 per cent to US21.4c.

Avalanche, Raydium, Serum, Luna and Arweave all hit all-time highs over the weekend.

Other big gainers in the top 100 were Tezos (up 21.6 per cent), Algorand (20.3 per cent) and Tron (18 per cent).

On the flip side, Quant was down 9.7 per cent and Fantom had fallen 7.6 per cent.

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O Bitcoin abre esta quarta-feira em forte queda de 4,6% e volta a ser negociado na faixa dos US$ 47.000, levando boa parte do mercado consigo e fazendo o valor total das criptomoedas perder cerca de US$ 130 bilhões.

O recuo começou por volta das 4h30 da manhã, quando o BTC era cotado a US$ 48.481. Uma hora depois, a criptomoeda já caía para US$ 47.000 e iniciava um descenso mais agudo que levaria o preço para pouco menos de US$ 47.300 pouco após às 6h, segundo dados do Coingecko.

O Bitcoin e demais criptomoedas apresentam leve alta no momento, mas analistas alertam para a possibilidade de um mergulho mais profundo que poderia levar o BTC para cerca de US$ 42.000 antes de iniciar um novo movimento de alta.

No fechamento da matéria, o BTC era negociado a US$ 47.448, praticamente zerando os ganhos dos últimos 15 dias e levando a alta semanal para de mais de 40% para 33%.

Altcoins despencam de preço

Apesar de recuo de menos de 5% do Bitcoin, diversas altcoins reagem mal ao cenário pessimista e passam por forte baixa. No momento, 40 criptomoedas das 100 maiores por valor de mercado registram perdas de dois dígitos, entre 10% e 15%.

As piores são Ziliqa (ZIL), Telcoin (TEL) e Terra (LUNA), com recuo de mais de 14%, seguidas por Solana (SOL), THORChain (RUNE), IOTA (MIOTA), Synthetix Network Token (SNX) e Enjin Coin (ENJ), todas com perdas de pelo menos 13% nas últimas 24 horas.

Por outro lado, dessas, apenas a MIOTA registra queda semanal, já todas as outras, mesmo em mal momento, ainda acumulam alta entre 5% e 25% nos últimos sete dias.

Em meio a perdas generalizadas, a criptomoeda Coin98 (C98) andou em caminho oposto e disparou de preço nas últimas horas, com alta impressionante de mais de 57% no dia. Na semana, o criptoativo já soma alta de quase 277%. Tirando a C98, apenas a Quant (QNT) e uma criptomoeda recém-entrada no top 100 chamada Constellation (DAG) sobem no dia, com valorização de 5% e 2,7%, respectivamente.

O resultado do movimento é uma perda de cerca de US$ 130 bilhões no valor de mercado total das criptomoedas, que recua de US$ 2,23 trilhões ontem para atuais US$ 2,1 trilhões.

O que esperar do Bitcoin

O analista de criptomoedas Valdrin Tahiri identificou no meio da madrugada que o Bitcoin teria provavelmente alcançado um topo local no dia após criar um longo pavio superior (quando o preço sobe até determinado nível, mas cai e fecha o dia a um preço bem mais baixo que a máxima).

Ao tentar subir até a resistência de US$ 51.200, o BTC caiu e gerou diversos sinais de alerta nos gráficos de curto prazo, indicando uma possível correção.

Além disso, o especialista aponta que a criptomoeda vinha sendo negociada acima de uma linha ascendente desde meados de julho, mas acaba de chegar a um ponto crítico e pode cair abaixo dela pela primeira vez desde então. Uma queda abaixo de US$ 47.000 poderá levar o BTC a um forte recuo até o suporte próximo de US$ 42.000.

Outro ponto negativo é que a ferramenta de contagem de ondas, que tenta prever movimentos de prazo mais longo, também indica quedas no curto prazo: ou o BTC cai agora para subir logo em seguida, ou cai para buscar novas mínimas – de qualquer modo, o cenário de curto prazo não é favorável.

Para o analista @CryptoCapo_, o cenário pode ser ainda pior. Em gráfico publicado há pouco no Twitter, ele aponta que o BTC deverá buscar um fundo local entre US$ 37.000 e US$ 40.000 no curto prazo, zona em que afirma ser uma boa oportunidade de compra para o longo prazo, pois “novas máxima virão este ano”.

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Mass adoption has been a long-term goal of the crypto industry ever since Bitcoin trading began, some 12 years ago. However, it would appear that another cryptocurrency managed to get ahead of BTC when it comes to being adopted by firms, banks, and governments — Quant (QNT).

Quant has recently attracted quite a bit of attention after announcing on its Twitter that it has already integrated with a number of central banks, enterprises, and even governments. The project noted that even Europe’s leading payment provider, SIA, also adopted the coin. As a result, the token is now connected to hundreds of banks on the continent.

The project’s team has also been interacting with a number of central banks that were open to integrating QNT into their systems. There are numerous benefits that are followed by Quant integration, such as the ability for businesses to create scalable networks, and even networks of networks.

This is possible due to the fact that the Quant network is highly interoperable, and compatible with many other networks. Not to mention that it provides a very scalable any-to-any interoperability. This means that it can integrate with any legacy system or blockchain out there.

The project also makes it a lot easier to create multi-chain dApps, and have them introduced to various blockchains.

As mentioned, Quant was also accepted by SIA, which functions as the backbone of the entire European financial market. By adding support for the coin, SIA will connect it to nearly 600 banks, including central banks.

Not to mention the fact that SIA is one of only two providers for the Eurosystem Single Market Infrastructure Gateway, with SWIFT being the other one.

On top of that, Quant is now also a guarantor of Pay.UK — the UK’s largest payment network. It is also a supplier for the UK government’s Crown Commercial Services, and it is one of the founders of the INATBA, the European Commission’s International Association of Trusted Blockchain Applications, among other things. In other words, the project is now extremely well connected, as well as adopted and approved by entire governments and their central banks, and it still seeks to enter new partnerships and collaborations down the road.

Right now, there’s renewed global interest in cryptocurrencies as investment vehicles. That has a lot to do with the lengthy bull run the market has seen of late. And the addition of multiple DeFi investing platforms over the past year has helped, too. But for all of the attention the market’s getting, it remains an enigma for the average investor.

After all, cryptocurrencies are poorly understood financial instruments. The technology that makes them possible is something that requires careful study to comprehend. And the intangible nature of the assets themselves defies easy description. For that reason, a shocking one-third of all cryptocurrency investors admit that they don’t know anything about where they’re putting their money.

But crypto isn’t the only investment market that suffers from this problem. The traditional stock market, for example, is still looked at by the public as little more than a casino. And the forex market makes it look like child’s play, by comparison. The difference is – those mature markets feature countless options to help inexperienced investors navigate them and turn a profit.

And now, the crypto market is about to join them.

In response to the glaring deficiency in the crypto space for investor-focus trading solutions, a new platform has arisen. It’s called Zort , and it’s built from the ground up to help investors both large and small capitalize on investment opportunities in the crypto market. At its core, Zort works much like the automated quant solutions favored by high-end forex traders. The major difference is that it uses a custom-designed suite of AI engines that do all of the work those traders would normally do by hand.

It monitors vast troves of both historical and real-time data to identify patterns in crypto prices and uses its conclusions to create and execute trading strategies on behalf of its users. And because it does so at high speed, it can take advantage of even the smallest price fluctuations to deliver solid returns to investors. In effect, Zort offers a single-click investment option in a market that’s notoriously complex and hard to master. And it doesn’t stop there.

One of the reasons that few others have attempted to create an automated crypto investing solution like the one Zort built is simple: transaction fees. Due to the nature of the cryptocurrency market, high gas fees make most high-speed trading platforms impractical at best. But Zort developed a customized high-frequency trading strategy that minimizes fees for its users. And that’s where the platform’s native ZORT coin enters the picture.

Holders of the ZORT coin get a 50% discount on trading fees on the Zort platform. This is how the platform passes the savings on fees generated by its unique strategy to its users. In that way, investors gain a critical advantage that shortens their time-to-profitability when compared with any similar investment strategy. And that’s not all.

Holders of the ZORT coin also have the option of staking their holdings on the platform in exchange for a fixed 15% yearly yield. This allows them to earn money on their otherwise inactive capital, while simultaneously helping the platform to grow. But the unique aspect of the staking opportunity is that it doesn’t require locking. That means the investors remain free to sell or invest their ZORT coins in any way they wish, whenever it suits them, especially now that Zort has been listed on Kucoin and the team has plans to list the token on five more top exchanges in the future.

And because the staking yield is paid every month, there’s little to no penalty to pay for that flexibility. This means investors can leave their coin staked for as long as they want as a hedge against market drawdowns, and move to take advantage of more favorable investment conditions with ease.

The ZORT coin made its public sale debut on June 14th, 2021, giving interested members of the general public their first chance to get financially involved with the platform. With the listings on major CEXs, it will give the coin wide availability as well as a higher profile within the crypto community.

And in the meantime, it’s already possible to sign up for an account on the platform via a simple form on its website. Doing so will give users the ability to check out the Zort interface and to keep abreast of the latest developments going on as the platform continues to mature. They may even begin using the investment system when they’re ready – which is an attractive proposition now that it’s possible to purchase ZORT and get access to the trading fee discount.

From this moment forward, the investors in the crypto market will finally have access to an automated trading system that’s on par with the tools available to traditional investors in other, more mature markets. It’s a development that should clear the way for casual investors and even more experienced ones to go all-in on crypto with reasonable certainty that they’ll see worthwhile returns.

It should also help to increase new capital inflows into the market, too, which is good for the whole cryptocurrency ecosystem. And while it may still take some time for newcomers to recognize the value of what Zort and the ZORT coin have to offer, the wait will be worth it. And as for those already in the know – the sky’s the limit.

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[EN VIDÉO] Les cryptomonnaies, comment ça fonctionne ?  Comme le Bitcoin, il existe aujourd’hui plus de 6.000 cryptomonnaies dans le monde. Ces monnaies sont basées sur la technologie blockchain. 

L'EIP-1559 ou Hard Fork London suscite de nombreux débats et controverses au sein de la communauté crypto. Il s'agit de la plus grande mise à jour de l'Ethereum (ETH) et elle modifie certains aspects fondamentaux de la blockchain. Alors que beaucoup d'utilisateurs d'ETH estiment que la mise à jour a lieu d'être, d'autres pensent qu'elle fera baisser leurs gains. Qu'en est-il ? Qu'est-ce qui change avec le Hard Fork London ?

L’EIP-1559 divise la communauté

Hard Fork London est le nom donné à la dernière mise à jour (MAJ) en date de la blockchain Ethereum (ETH). Les partisans de cette mise à jour avancent qu'elle apportera des transformations majeures relatives à la vitesse et à la fiabilité des transactions. D'un côté, celles-ci deviendront plus rapides et de l'autre, elles seront plus sécurisées.

Le nom de la MAJ lui a été donné en référence à la capitale britannique où a eu lieu la Devcon (conférence internationale de développeurs) durant laquelle le projet a été présenté. Le Hard Fork London compte cinq « Propositions d'amélioration d'Ethereum » (EIP). Il s'agit de l'EIP-3554, l'EIP-3529, l'EIP-3198, l'EIP-3541 et l'EIP-1559, et c'est cette dernière qui est au cœur des controverses. Pourquoi ? Elle a divisé la communauté d'utilisateurs de l'ETH en deux factions distinctes.

La première se range du côté de la Fondation Ethereum qui avance que la mise à jour améliorera significativement l'expérience des utilisateurs. La seconde faction, quant à elle, pense que le Hard Fork London aura un impact négatif sur l'activité des mineurs. Selon ces derniers, leurs revenus pourraient être revus à la baisse en raison des frais de transaction.

Les changements annoncés par la Fondation Ethereum

Le Hard Fork Londona été déployé le jeudi 5 août 2021 au niveau du bloc 12 965 000. Proposé par Vitalik Buterin, le créateur d'Ethereum (ETH), l'EIP 1559 est censé rendre les variations des prix de la cryptomonnaie plus prévisibles. Mais son avantage principal à en croire Vitalik Buterin, c'est qu'il permettra de réduire drastiquement les frais de transaction.

Un autre avantage a été mis en avant par l'équipe derrière la mise à jour. Il s'agit du dédoublement de la taille des blocs. Qu'est-ce que cela signifie ? Tout simplement que, en théorie, il doit être désormais possible de faire deux fois plus de transactions dans chaque bloc.

Avec ce changement, la Fondation Ethereum annonce que les pics aléatoires de la demande seront réduits. Conséquence : il y aura la diminution des frais de transaction. Par ailleurs, la fondation soutient que les transactions seront accélérées, ce qui permettra de rendre la plateforme plus attractive pour les utilisateurs. Ainsi, davantage de personnes rejoindraient le rang des mineurs.

Vers une totale scission de la communauté des utilisateurs d’ETH ?

Si la controverse que suscite l'EIP-1559 n'est pas rapidement résolue, elle pourrait entraîner des conséquences, disons... désastreuses. Le pire scénario selon les observateurs, c'est que le Hard Fork London provoque une division complète au sein de la communauté. En effet, les mineurs anti-EIP-1559 pourraient refuser de procéder à la mise à jour et continuer d'utiliser l'ancien système. À l'inverse, les pro-EIP-1559 feront la mise à jour et bénéficieront du nouveau système. Résultat des courses : on risque d'avoir une scission de la communauté.

Cela dit, les risques que se produise la scission semblent minces. Pour cause, les « mineurs rebelles » ne disposeraient pas d'une base d'utilisateurs conséquente. Cependant, rien ne garantit que cette scission ne se fera pas. Ce serait une erreur que de se hasarder à prédire l'avenir dans ce cas. Mais une chose est certaine : le Hard Fork London n'a pas fini de faire parler de lui.

Le Hard Fork London ou EIP-1559 est la plus grande mise à jour de la blockchain Ethereum (ETH). Elle suscite des controverses, car tous les utilisateurs d'ETH ne le perçoivent pas sous le même angle. Provoquera-t-il une scission de la communauté ? Difficile à prédire. Quoi qu'il en soit, le feuilleton de l'EIP-1559 nous réserve encore de belles surprises, après son lancement le 5 août 2021. Sortez les popcorns, le feuilleton ne fait que commencer !

Pablo Heman is the pseudonym for a crypto influencer who's gathered more than 600,000 followers on TikTok. According to his LinkedIn, he's a former investment bank trader who now uses his social platforms to update his followers on his analysis of price action in the crypto sector. 

He previously broke down how he reaches his conclusions, stating that on-chain data, the economic environment, and some technical analysis drive the bulk of his forecasts. His early posts and videos were primarily focused on bitcoin's price action, but more recently, he's turned his focus to altcoins. 

Traditionally, bitcoin has dominated the crypto sector. Whenever bitcoin's price peaks, investors see a bull run in altcoins shortly after and vice versa. But this time, it looks like ethereum, the largest altcoin by market cap and second-ranked to bitcoin, is taking the lead, says Heman. 

Altcoins are beginning to reach new highs, a trend that Heman says may mean we are already in altcoin season, well ahead of a bitcoin price peak. 

"I've never seen it like this before," Heman said. "I've never seen the alts, led by ETH, be so eager to run in front of bitcoin."

But some experts are cautioning that the altcoin rally is unsustainable. JPMorgan strategist Nikolaos Panigirtzoglou, for example, said in a recent note that a "big question mark" remained over whether the traffic in networks like cardano, binance, and solana will justify their valuations.

For Heman, this new frontier is reminiscent of a similar transition that took place around 2005, when the Nasdaq and S&P 500 flipped the Dow and began to lead the stock market. Right now, blockchains like Ethereum and Solana are bringing many new things to the table, like smart contracts that enable NFT transactions and DeFi, all of which have nothing to do with bitcoin.

Even institutional investors who were very conservative and stuck to ethereum or bitcoin are now beginning to understand the various use cases these blockchains bring to the table, Heman says. 

This might mean that soon, ether may flip bitcoin in market cap, Heman says. It has some catching-up to do, though: as of Friday, bitcoin's market cap was $890.66 billion, while ethereum's was $400.65 billion according to CoinMarketCap. At ether's current supply, its price would need to more than double to around $7,575. 

In terms of trading volume, there have been moments when ethereum has already flipped bitcoin, he adds. This means that other cryptocurrencies can do the same in the future. 

"The front runner, the leader can change all the time. And that's what drives innovation," Heman said. 

He argues that you won't hear this from bitcoin maximalists because they got lucky and bought bitcoin at a low price. And now, they just want to spread this perpetual myth that bitcoin is a sacred thing that's never going to get overtaken, Heman says. 

But it doesn't mean that bitcoin's impact is nullified. Heman says if bitcoin drops by 20% or 30%, it can still drag the altcoins down with it; bitcoin and various altcoins fell sharply on Monday amid market-wide volatility. And bitcoin remains a store of value that is equivalent to gold because people believe in it. 

Even though bitcoin is trading just below $50,000, it may touch the low $40,000s before it traces to year-end highs, like previous cycles. If it drops to $41,000 or $42,000, Heman says it will drag down the altcoins, and that would be a good time for investors to dollar-cost average into strong altcoins. 

Two altcoins he says investors should have their eye on for this bull run are solana (SOL) and terra (LUNA). Both are rising in popularity this month and have already experienced new highs. He told Insider he recommended both of the coins to his Discord followers at the end of July and they have done pretty well so far. 

Terra is about to undergo an upgrade known as Columbus-5, with tentative dates set throughout September, which will improve token swapping and burn tokens, similar to ethereum's EIP-155 upgrade. 

Solana can compete with ethereum but on a faster and cheaper scale. Heman was surprised that it had not increased more in price during previous bull runs on altcoins. But as developers and users begin to adapt it for NFTs and DeFi, the crypto's price is beginning to rapidly pick up pace.

Hedera Hashgraph (HBAR) is a distributed ledger. Its crypto is HBAR and it's up 73% since the beginning of September. It's similar to proton (XPR) in the sense that it's gaining institutional attention. The governing council currently includes the London School of Economics.  Heman likes it because it tries to bridge the old traditional banking world to the blockchain world, making it easier to adopt. 

Chainlink (LINK) is another altcoin he's betting on and says it's one of the better oracles that links real-world data to on-chain data. 

"So for example, if interest rates moved and then you have to relay that information onto the blockchain and create an options trading instrument or a futures contract on the blockchain, then you need something like that," Heman said. 

Heman says LINK's price hasn't yet reached its previous highs during this bull run, and that's a good thing because it means there's room to grow. It also has a strong use case, so if there's a pullback, it would see less of a drop, making it a safer bet. 

Quant (QNT) is another strong project, Heman says. It's based on distributed ledger technology (DLT) that creates interoperability between different distributed ledgers and legacy databases. It leans more toward serving enterprise rather than individual users. Heman says it was one of the few coins that has defied bitcoin's downward trend. Instead, its price has steadily grown over the last four months.  

Finally, he adds Kava.io (KAVA) to the list because it's a decentralized platform that can bypass the existing banking system to provide the ability to borrow or lend cryptocurrencies. It provides USDX, a stablecoin, in exchange for collateral cryptos like BTC, XRP, and BNB. 

Heman says he's currently holding SOL, LINK, and HBAR in his portfolio. As for the remaining cryptos, he's waiting for a price drop to buy in.

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If Bitcoin is digital gold – Litecoin is its silver counterpart. However, this digital currency was created as a lighter, faster, and more cost-effective version, and a key component of successfully safeguarding your valuable assets is finding the right storage solution.

Today we save you hours of research as we review the very best Litecoin wallets in the UK and walk you through the process of getting set up in minutes.

Best Litecoin Wallet in the UK – Top 5 List

Out of the many Litecoin wallets available in the UK – you will find a list of the best below. As you can see, there is something for every type of crypto investor.

– Overall Best Litecoin Wallet in the UK Coinbase – Best Litecoin Wallet for Beginners OKEx – Recommended Litecoin Wallet for Features and Tools Binance – Best UK Litecoin Wallet for Asset Diversity Coinjar – Best Litecoin Wallet for Buying and Selling Small Amounts

Need a little more information? It’s always important to weigh up your options by accessing a more detailed account of the company behind the Litecoin wallet and what features it is able to offer you.

Best Litecoin Wallet in the UK – Full Reviews

In the sections below, you will find full reviews of the best Litecoin wallets in the UK. The key metrics we look for in a top Litecoin wallet include security, reputation, supported coins, core features, and more.

1. eToro – Overall Best Litecoin Wallet in the UK

The first thing to note about eToro is that the broker takes the safety of client funds extremely seriously. This shows in the fact it is regulated by the FCA (UK), CySEC (Cyprus), and ASIC (Australia) – with added approval from FINRA and SEC (US). There are over 20 million registered users from over 100 countries buying and selling cryptocurrencies via this platform. The Litecoin wallet itself comes in the form of an app for your mobile and is licensed by Gibraltar-based GFSC. With that said, you may also opt to leave your LTC tokens within your eToro web portfolio. This is because the vast bulk of tokens will be kept in cold storage on your behalf.

In terms of supported cryptocurrencies, the application allows you to buy, sell, and transfer over 120 tokens. This guide found in excess of 500 tradable crypto pairs too. There are also 29 alternatives listed on the main eToro site. This includes large tokens such as this, Bitcoin, Dash, Ethereum, Cardano, and Binance Coin. Later additions consist of Maker, Enjin, Yearn.finance, Shiba Inu, and other alternatives. eToro is compatible with fractional purchases, which allows you to buy Litecoin from $25 (around £18). This is ideal for beginners who may want to avoid taking a gung-ho approach in this speculative marketplace.

Imagine if you could shorten the learning curve by investing in a pro-crypto trader to grow your portfolio on your behalf? eToro makes this possible with its Copy Trading feature. You can whittle down your options using the built-in filter. For instance, you might decide you want to allocate $1,000 to someone who focuses on cryptocurrencies and stocks and has a medium risk score. If they risk 30% of what they have on a Litecoin investment and 10% on Amazon shares – your portfolio will reflect this (in proportion). This would show $300 in LTC tokens and $100 in Amazon.

If you decided to create a diverse basket of assets for yourself, you can also do this passively using the copy portfolio feature – managed by the eToro team. In a nutshell, this is an investment vehicle containing different markets to minimize your long-term risk. eToro rebalances this regularly. If you would rather take the bull by the horns and select your own individual assets, you may want to take a look at the main platform where you will find stocks with 0% commission fees, as well as ETFs, commodities, forex, and more.

Importantly, this online broker operates on a spread-only basis to buy and sell Litecoin and all other listed cryptocurrencies. This starts from 0.75% – which keeps costs down. Other platforms in this space charge excessive commission fees instead. The minimum first-time deposit is $200, which is around £145. You can fund your eToro account using a plethora of methods. The supported list includes debit and credit cards by Mastercard and Visa. You might also opt for an e-wallet such as Neteller, Skrill, or PayPal – or a bank transfer. The latter can take days. Either way, you will need to pay a small FX fee of 0.5% to deposit funds – which is very competitive.

Pros

Invest in cryptocurrencies on a spread-only basis Top-rated cryptocurrency wallet app on Android and iOS Minimum investment per trade from just $25 Supports debit/credit cards, e-wallets, and local bank transfers Regulated by the FCA, CySEC, and ASIC Used by over 20 million people Perfect for beginners Social and copy trading tools

Cons

Perhaps too basic for technical traders No support for MT4 or MT5 2. Coinbase – Best Litecoin Wallet for Beginners

Coinbase also serves millions of people and offers a mobile app wallet as well as the option of leaving your crypto investment on the main platform. With regards to the former, the application is free of charge and allows you to take complete responsibility for your own private keys – thus meaning when you invest in Litecoin, only you have access to the tokens. This software storage option supports a wide selection of cryptocurrencies covering over 500 digital assets, as well as NFTs

Coinbase also lists Bitcoin, Ethereum, Cardano, Tether, Solana, and Polkadot. Lesser-known offerings include Rally, Orchid, ShushiSwap, Decentraland, Uniswap, and Quant. Some beginners may find the implications of securing their own digital assets a little overwhelming. If this sounds like you, consider the web wallet option, whereby you can invest in Litecoin in the UK and have the provider put 98% of your LTC tokens in cold storage. You will also benefit from biometric logins using your fingerprint, 2FA, and even insurance in case Coinbase is hacked.

This platform complies with AML rules, so the completion of the KYC process is essential to add fiat money to your trading account. This means you must upload ID and proof of your home address. It has to be said that fees are costly at Coinbase. If you want to add funds to your account with a debit card – you will pay 3.99% of the amount added. You may also choose a UK bank transfer, which is free but slow. The standard commission stands at 1.49% per slide when trading crypto.

Pros

One of the most popular cryptocurrency exchanges Mobile wallet on iOS and Android devices – control your private keys More than 68 million users Supports instant debit card purchases Dozens of digital currencies to choose from Institutional-grade security practices

Cons

Debit card deposits are expensive at 3.99% You will pay a standard trading commission of 1.49%

Tony Spilotro · @tonyspilotroBTC | Nov 25, 2020 | 15:00

As Bitcoin soars toward a new all-time high and has recaptured the interest of the world of finance, a sizable supply of liquidity is building on exchanges, not in BTC, but in stablecoins. The rising supply alongside surging crypto valuations suggests that the recent rally is “liquidity-driven,” according to one cryptocurrency quantitative analyst.

That liquidity as it continues to stack up on exchanges everywhere could soon bring the most “unprecedented buying pressure in history” to the crypto market. Could the likes of Tether and USD Coin be the key to unlocking the prices in Bitcoin that experts someday predict?

Bitcoin price is nearing $20,000, and at this point, the asset has gone parabolic, and most technical analysis has gone out the window. Trendlines no longer hold the unstoppable cryptocurrency back, and indicators have been overheated for weeks on end with not so much as a stumble, let alone a significant pullback.

Beyond technical analysis, fundamental analysis – consisting of quantitive and qualitative analysis – can also be used to determining the health or strength of an asset and its expected performance. Data showing that BTC was moving off of exchanges was perhaps the most useful information leading up to the recent rally.

With no BTC on exchanges to buy and a diminishing supply, a sell-side liquidity crisis played out, sending the cryptocurrency from $10,000 to $20,000 in a few months flat.

With Bitcoin still trending hard and technicals remaining unreliable, quantitative data is king. And according to a leading crypto quant analyst, there is plenty of reason for more upside. In fact, billions and billions of reasons are pilling up on exchanges right now.

According to Ki Young Ju, CEO of Crypto Quant, the stablecoin supply is growing rapidly on cryptocurrency exchanges. This liquidity, he claims, will soon drive “unprecedented buying pressure” in crypto markets. The capital pouring in tells the CEO that the current rally is liquidity-driven, and is set to continue henceforth.

The data is yet another factor backing up the theory that Bitcoin has begun a new bull trend, and could reach some of the astronomical prices that experts predict.

In the past, sharp-eyed crypto analysts notice a correlation between new Tether minted and Bitcoin rallies. That relationship is all due to the liquidity that the stablecoin supplies, which eventually flows into the Bitcoin and crypto market cap.

But liquidity pouring in like never before, things will only get more bullish for Bitcoin and crypto from here on out.