Ethereum, the market’s second-largest cryptocurrency and the king of the altcoins, exhibited bullish bias at the time of writing. For the same, there seemed to be more than two reasons behind it. With the cryptocurrency’s price trading at $600 per coin, more price appreciation may be incoming and here’s why, On-chain metrics Ethereum investors Source:...Read More
Ethereum registered its highest weekly close in the past 120 weeks with a price level of $601.95. While the short-term outlook and momentum remained neutral over the past few days, ETH bulls might be able to bounce off the $580-support and attempt to go past $620. NEM and FTX Token were also on a strong...Read More
Major cryptocurrencies Bitcoin, Ethereum, and Tether have all got a mention on the Season 11 premiere of the long-running American comedy-drama television series “Shameless” which features on Showtime. The first episode – ‘This Is Chicago’ shows how Kevin (Steve Howey) is confused about the plight of one cryptocurrency user who says: My Bitcoin. It’s down...Read More
With over 1 million ETH amounting to nearly $690 million being staked in the ETH 2.0 deposit contract, more and more exchanges and custodians are making staking services available to thousands of its users. In fact, Binance, Huobi, Kraken, OKEx, and Coinbase have already offered ETH 2.0 staking options to their users, with rewards ranging...Read More
The ratio of the 24-hour Open Interest [OI] change and market cap seemed to highlight an interesting trend on the question of which coin is the most leveraged in the market. Interestingly, the most leveraged cryptocurrency isn’t Bitcoin or any other crypto in the top 10 of CoinMarketCap’s charts. In fact, the most leveraged cryptos...Read More
Secret Network, a Layer 1 privacy-enabled blockchain, has announced that it will be bringing programmable privacy to the Ethereum blockchain on 14 December. The mainnet, scheduled to launch next week, will enable the Secret Ethereum Bridge that will create bridge mining opportunities for ETH and ERC-20 holders. This will also allow users to create synthetic...Read More
Hauck & Aufhäuser, one of the oldest German banks is making a play for the emerging cryptocurrency space with the launch of a crypto fund early next year. Commercial banks in the country continue to show a significant appetite for virtual currencies on the back of a firm but a favorable regulatory mandate from government...Read More
Confirmed ‘Bearish’ signal for ETH The Exponential Moving Average(EMA) which is the average of the closing prices for a specific number of days divided by the number of days considered, is falling with the Ethereum(ETH) price. According to analysts, the EMA is below 10 which signifies a confirmed bearish trend for the ETH price. The...Read More
EIP-1559 is one of the most anticipated upgrades to the Ethereum blockchain, and according to reports, it is likely to be on the mainnet fairly soon. ETH devs handling the proposal are in the process of moving EIP to the mainnet, coming to an agreement that solutions to most research questions have been solved. Finally,...Read More
Top derivatives exchange, Deribit has hit a new all-time high in terms of open interest for Ethereum options. The Exchange announced on 4 December that it hit this new peak as the value of the ETH options reached $826 million. With Ethereum’s value still being high at $589, at press time and returning 370% to...Read More
These are bullish times for Ethereum and its growing community. After all, why would anyone expect anything else? A week after the deposit contract was finally filled with a few hours to spare, the much-anticipated genesis block of the Ethereum 2.0 beacon chain was launched on 1 December. The said development came as a relief...Read More
Ethereum continues to dominate the altcoin market, after having cemented its position as Bitcoin’s most notable rival. The last few weeks have been particularly exciting for the community since it saw the much-awaited launch of ETH 2.0, with the beacon chain going live on 01 December. However, on the question of Ethereum’s scalability, how many...Read More
While much of the community is still elated after the beacon chain went live on 1 December, it would seem that something else entirely grabbed its attention today. With the amount of ETH staked on the deposit contract nearing almost a million and worth over $500M, the first ‘validator slashing’ took place today. Eth2 slashed...Read More
Quartz Devkit, a blockchain developer toolkit backed by leading Indian IT service provider, Tata Consultancy Services, has just announced its support for the Ethereum Blockchain. The development platform will now enable decentralized applications and the deployment of smart contracts on three blockchain platforms – Hyperledger Fabric, R3/Corda, and Ethereum. Quartz DevKit claims to allow programmers...Read More
The memory of November 2020 will remain in the minds of Bitcoin investors and the collective crypto-industry for a long time. A rally ignited in mid-October finally realized its full potential in the penultimate month of the year, with many of the market’s premier crypto-assets climbing to new highs. While most digital asset sectors pictured...Read More
From what happened in the last couple of weeks, it appears that the crypto bull market is upon us. Bitcoin has been consistent with its volatility-induced rallies, and this is infusing confidence in investors. So much, so that VIP clients in Kraken’s latest Crypto Sentiment Survey say that BTC will skyrocket to about $36,000 in...Read More
Ethereum recently took its first steps towards Ethereum 2.0 after the Beacon Chain went live, with many centralized exchanges soon extending support for staking too. Joining them now is a publicly-traded company, Ether Capital Corporation, after it revealed that it began staking on the Ethereum 2.0 network back on 1 December. That’s not all either...Read More
While Ethereum exhibited a massive drop below $500 on the 26th of November, a sharp recovery has brought back the asset above $600. While the price is currently hovering under the range, the short-term analysis indicated a rather uncertain trend. Ethereum 1-hour chart Source: ETH/USD on Trading View On 24th November, Ethereum’s value topped at...Read More
Ethereum’s mining difficulty has noted a significant drop over the past 24-hours, after having reached an all-time high. The Ethereum difficulty decreased to 3,430 terahashes on 2 December. This was a 9.6% fall from its all-time high of 3,794 terahashes, according to data provider, Glassnode. The mining difficulty showed how hard it is to mine...Read More
In the past 24 hours, Bitcoin has had a high of $19915 and a low of $18,100. This volatility saw some altcoins shed a few percentage points worth in value. Ethereum dipped from $620 and moved beneath the $580 support, although it remains to be seen if that level will be flipped to resistance in...Read More
Ethereum has taken its first step towards Proof of Stake [PoS] today, with the Beacon Chain going live. The excitement was visible all across Twitter as people celebrated the new beginning for ETH. Adding to this celebration, Binance, one of the largest cryptocurrency exchanges, launched ETH 2.0 Staking service from 2 December. The announcement noted:...Read More
Bitcoin Dominance stood steady at around 63% even as Ethereum and the altcoin market posted gains over the past few days and matched Bitcoin’s performance. Longer-term analysis pointed toward a possible pullback to $400 for Ether, while in the short-term ETH could see the $580 region retested as support. Tezos was trading within an ascending...Read More
Ethereum is trading above $600, just as it did over the past weekend. What’s interesting however is that despite its dropping correlation with Bitcoin, the price has sustained at the current level. The latest developments in Ethereum charts indicate that the narrative that led to the BTC price rally may be brewing for Ethereum as...Read More
Ethereum is finally going to kickstart its journey towards ETH 2.0 today, with the Beacon chain going live. This was possible only after the ETH holders stakes over 867,000 ETH, more than the required 524,288 in order to set this in motion. As Ethereum sets on the transition path, users will only have to wait...Read More
Today marks the long-awaited genesis of Phase 0 in the Ethereum 2.0 upgrade roadmap which stretches ahead for the next couple of years. According to the Beacon Chain countdown, there is now less than seven hours to go before the genesis event spawns the first block on the new chain. The Beacon Chain explorer reports...Read More
Disclaimer: The findings of the following article are the sole opinion of the writer and should not be considered as investment advice Both the 30-day and 60-day correlations of Bitcoin with Ethereum have dropped since May 2020 from 0.95 to 0.51. While this is news to rejoice over, especially for ETH enthusiasts, it may just be...Read More
At the time of writing, ETH was trading at $552, with the cryptocurrency gaining by 6.2% over the previous 24 hours. In fact, the transaction fee for ETH had also risen alongside the rise in demand, relative to the previous week, based on trade volume data from spot exchanges. Closer to the launch of ETH...Read More
Ethereum, unlike Bitcoin, had a relatively active weekend in terms of price action, with ETH hovering around the $550-mark, at press time. In fact, Ethereum shorts equivalent to over 2500 ETH were liquidated across derivatives exchanges like OKEx and Binance. While more and more retail traders expected ETH’s price to slow down over the weekend,...Read More
With the 1st of December and the scheduled launch of ETH 2.0’s Phase 0 looming with every passing hour, crypto-exchanges are preparing themselves by offering new ETH 2.0 staking services. Popular crypto-exchange Huobi has taken the lead in this respect, with the Singapore-based exchange announcing the launch of ETH 2.0 One-Click Stake Function a few...Read More
As things stand, Bitcoin and Ethereum trail their respective 2017 peaks by 10 percent and 150 percent, respectively. Clearly, one is further away than the other, but both cryptocurrency’s markets are closer to the infamous bull market than you’d think. According to the market intel report by blockchain analytics firm Chainalysis, while Bitcoin might’ve seen...Read More
