The past week saw Bitcoin’s price surge by over 18 percent, with the world’s largest cryptocurrency trading close to $45,000, at press time. It should be noted, however, that following reports of Tesla investing over $1.5 billion in Bitcoin, BTC climbed to register a new ATH above $48,000, before corrections set in. The question thus...Read More
Hackers took control of a Belgian Minister’s Twitter account on the night of 10 February; however, the fact that the account’s name was changed to ‘Ethereum Foundation’ seemed to have made news in the crypto space. The account belongs to Tinne Van der Straeten who is Belgium’s Federal Minister for Energy. The incident occurred just...Read More
After recording yet another ATH on the charts, one well beyond $1,800, Ethereum currently has its eyes set on the $2,000-mark. While quite a few of its on-chain metrics are flashing positive signs, other noticeable concerns are creeping up as well. The culprit here, according to many, is a familiar foe (fee*). Source: Coinstats Ethereum...Read More
The effects of Elon Musk’s tweets and Twitter bio update have been felt throughout the Bitcoin community, with the crypto’s price responding to the same in the last 72 hours. In fact, in a 24-hour period alone, Bitcoin’s price hiked by over 18 percent, a hike fueled by Musk’s tweets and institutional demand. In response...Read More
Ethereum has been hitting milestone after milestone this year, and the latest is the amount of it staked on the Beacon Chain deposit contract. There is now just over 3 million ETH staked on the ETH 2.0 blockchain, worth a staggering $5.4 billion at current prices. According to the beaconcha.in analytics platform, there are currently...Read More
The narrative has been very similar for the market’s top-two digital assets over the past couple of months. Relishing the scale of bullish momentum in the market, Bitcoin investors turned up the buying pressure over the last 24-hours after Tesla announced its 7.7% capital reserve investment. In fact, just a few hours later, Bitcoin climbed...Read More
The popular Layer-2 scaling solution for the Ethereum blockchain, Matic Network, has rebranded its project to Polygon. Upon the name change, Polygon also announced plans to enhance its support for the Ethereum network to scale faster and reduce the growing transaction costs. Matic Network Becomes Polygon Known as Matic Network until today, the project serves...Read More
The regulated stablecoin fully backed by the US dollar, Stably USD (USDS), will launch on the popular public blockchain – Tezos as a part of an ongoing collaboration between the two parties. The stablecoin issuer aims to target lower fees with the Tezos network, which recently went through an upgrade that decreased the costs by...Read More
With its massive $1.5 billion purchase of bitcoin, the electric vehicle giant Tesla has inadvertently helped the cryptocurrency to surpassed it in terms of market capitalization. With BTC’s price skyrocketing to new highs and its market cap following, bitcoin is now ranked as the 7th largest asset. Bitcoin Surpasses Tesla For The 7th Spot Elon...Read More
In what is more good news for the crypto-ecosystem, Ethereum, the world’s largest altcoin, surged past yet another milestone on the price charts, with ETH breaching the $1,800-mark to post a new ATH. Corresponding to the price hike, ETH’s market cap also exceeded $200 billion for the first time recently. It should be noted, however,...Read More
After purchasing 16,244 BTC ($607 million at the time) on 18 January, Grayscale remains as one of the biggest institutional buyers in the Bitcoin market. On 15 January another update from the firm stated that Grayscale’s total assets under management were $27.1 billion in crypto. Charles Edwards, founder of Capriole investments put forward that Grayscale...Read More
As of last week, Ethereum’s native crypto surprised the market as it reached another all-time high above $1,700, on 5 February. Following this, many in the crypto space began to think that the asset could become more established. Especially with the expected launch of ether futures contracts from CME. Even though the second-biggest cryptocurrency by...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Ethereum formed an ascending triangle pattern on the charts but faced some resistance at the $1760 mark. While high gas fees are a blow to decentralized exchanges, they could also persuade users to turn...Read More
The CME Group has opened its doors to its much-anticipated Ethereum futures after the ETH futures contract went live at 6 p.m ET on February 8th for its first trade. According to the website, the futures opened at $1604, and the real-time index was currently around $1648. Source: CoinStats The CME futures are cash-settled and...Read More
The fear among many is that there will be a repeat of the colossal market crash that occurred after similar futures products were first launched by the massive exchange for Bitcoin in December 2017. Futures effectively allow institutional traders to short the asset, and considering Ethereum is hovering around its all-time high, this is quite...Read More
This week was undoubtedly an altcoin party. Even though Bitcoin is up quite a bit in the past seven days, it was altcoins that stole the show, charting major increases almost every single day. Let’s start with BTC, though. It began the week at around $34,000 and was rather indecisive in the first few days,...Read More
Disclaimer Any predictions contained herein are based on the author’s particular opinion. This analysis shall not be treated as trading advice. RoboForex shall not be held liable for the results of the trades arising from relying upon trading recommendations and reviews contained herein. The post appeared first on The MerkleRead More
Scammers are targeting Discord users on crypto-focused servers, through private messages that appear to come from fake exchanges that are giving away Bitcoin and Ether. A new report from Kaspersky stated that the perpetrators even went to great lengths to make the fake site appear as convincing as possible. The message contains a link that...Read More
Japanese giant SBI Group will include a new addition to its crypto lending service via its subsidiary VC Trade. Apart from the other options, Bitcoin (BTC) and Ethereum (ETH), the organization’s customers will be able to deposit XRP to earn interest as well. Adding XRP to the List of Bitcoin and Ethereum Lending Japanese giant...Read More
Ethereum surged past the $1450 level of resistance that held it back over the past few weeks and looked strongly bullish on the charts. Elrond regained some steam to push onward and climb higher while Dash sought to defend an important level of support from short-term selling pressure. Ethereum [ETH] Source: ETH/USD on TradingView Ethereum...Read More
The price of Ether is still climbing. On 4 February, the world’s second-largest crypto asset by market cap breached another all-time high. Ether was trading well above $1,600 range, priced at $1,614.16 at press time, across all major crypto exchanges. In the past 24 hours, Ethereum hiked by 5%. Source: Trading View The phased upgrade...Read More
Months before the commencement of the bull run in December 2020, DeFi was receiving all the attention in the summer. Decentralized applications were building a new financial system on Ethereum, and the demand for block space on ETH was rapidly increasing. Soon, yield farming became a common term and the popularity of DeFi triggered further...Read More
Ethereum’s price tested its resistance level for a few weeks, before hitting a new all-time high of $1,540 on the charts, based on data from Santiment. In fact, at the time of writing, on-chain and technical analysis pointed to a short-term top ahead of the CME Futures listing. Another positive sign observed on the charts...Read More
Ethereum [ETH], the second-largest cryptocurrency by market cap, hit a new all-time high earlier today, with the crypto valued at $1,571, at the time of writing. That wasn’t the only notable development in the crypto’s ecosystem, however, since amidst the rising demand for the digital asset, Grayscale revealed that it had added $38 million worth...Read More
On 2 February, Ethereum reached a new all-time high above $1,500, across major exchanges, just days before the launch of the CME Ethereum futures contracts, which is slated for 8 February. The surge in price could have been a result of several positive announcements about the second-largest crypto by market cap. Source: TradingView Recently, asset...Read More
Cryptocurrencies ranging from Bitcoin to joke, token Doge, have seen much mainstream support in the past week. After Elon Musk said “he was a supporter of Bitcoin” and OnlyFans star Mia Khalifa bought Doge, another new celebrity has shown support for the coins. This time it was Gene Simmons, from the rock and roll band...Read More
XRP’s price recovered from the blow dealt by news of the SEC lawsuit on December 22 to trade at $0.56. Monero surged after exhibiting a bullish divergence while Basic Attention Token hovered above a level of support. XRP Source: XRP/USD on TradingView On December 22nd, XRP was trading at $0.53. News of the SEC lawsuit...Read More
Ethereum was consolidating under its all-time high and traders eagerly anticipated a breakout past this final level of resistance. Aave showed bullish momentum and could post further gains past $300, and does not yet hint at a pullback on its rally. Dogecoin sent users into a rapture, apart from those who bought the absolute top....Read More
The biggest crypto market after that of Bitcoin’s has to be Ethereum. It has been the second-largest altcoin in the market noting an 85% surge since the beginning of the year. With its price surpassing $1k earlier in January, ETH’s value remained at $1,350 at the time of writing and registered a 24-hour trading volume...Read More
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The second-largest cryptocurrency, Ethereum [ETH] has remained unimpacted by Bitcoin’s volatility over the past couple of days. The value of the digital asset has managed to stay above the $1,322 support and was currently...Read More
