Ethereum saw an impressive 13% price surge today as the coin reached as high as $276. This allowed ETH to break out of the previous phase of consolidation and turn bullish. Against Bitcoin, Ethereum is attempting to create a fresh high-day closing candle for 2020. ETH/USD: Bullish Breakout Could Start Surge Toward $300 Key Support...Read More
Reacting to positive news from the US, Bitcoin continued its decisive move forward, reaching an intraday high of $9,560. On its way up, the primary cryptocurrency took most of the altcoins along for the ride, and they managed to decrease BTC’s dominance to 61.6%. Bitcoin To $9,500 Following weeks of stagnant price actions, Bitcoin made...Read More
Ethereum is currently one of the top-performing high capitalization crypto assets with a surge of 11.5% on the day to reach a five-month high of $270. ETH on a Tear The move was initiated a few hours ago following weeks oscillating between $225 and $245. A minor pullback has occurred as trading begins in Asia,...Read More
The latest data from on-chain analytics firm, Glassnode shows that the dollar value of transactions on the Bitcoin blockchain has been steadily increasing. Also, crypto research firm Messari has dispelled misconceptions regarding the failure of public blockchains like Bitcoin and Ethereum as payment channels. Median BTC Transfer Volume up 100 Percent Since 2020 Beginning As...Read More
Ethereum saw a small increase today as it attempts to break the resistance at $245. Against Bitcoin, Ethereum retested the 0.0263 BTC level. ETH/USD: Bulls Looking To Break Above Ascending Triangle. Key Support Leves: $225, $215, $210.Key Resistance Levels: $245, $250, $265. Ethereum was trading at the lower boundary of an ascending triangle pattern earlier...Read More
After weeks of sitting in a tight range, Bitcoin finally made a move yesterday and conquered the $9,300 resistance. The majority of large-cap altcoins also followed the upward tick, and, as usual, there are some notable fluctuations among low-cap alts. Bitcoin Is Alive The last time the primary cryptocurrency stood above $9,300 for more than...Read More
Ethereum co-founder Vitalik Buterin admitted in a tweet that the higher transaction fee on the second-largest blockchain network is opening the door to security risks. However, he said that the fee market reform EIP 1559 will solve this. Higher Transactions Fees Vs. Block Reward Encourage Malicious Mining In a recent tweet, Buterin said that the...Read More
The leading digital asset management company Grayscale Investments has received approval from FINRA for public quotations for two more of its cryptocurrency products. Consequently, shares of both Grayscale Bitcoin Cash Trust (BCHG) and Grayscale Litecoin Trust (LTCN) have become the first publicly-quoted securities in the US deriving value from Bitcoin Cash (BCH) And Litecoin (LTC)....Read More
Recent research has indicated that Ethereum has ‘blown past Bitcoin’ in terms of daily settlement value, which is a testament to how much economic activity has increased on the network. Ethereum Beats Bitcoin on Economic Activity Messari researcher, Ryan Watkins, recently posted his findings stating that a quarter ago, Ethereum had just about reached parity...Read More
Ethereum increased by a small 1.62% over the past 24 hours as it reached $238. The cryptocurrency remained above a rising trend line this weekend, which kept the uptrend intact. Against Bitcoin, Ethereum rebounded from the 0.0253 BTC level to reach 0.026 BTC today. ETH/USD: Bulls Defend Rising Trend Line To Keep Bull Run Alive...Read More
Altcoins continue gaining traction, while Bitcoin remains calm. This decreases BTC’s dominance over the cryptocurrency market down to 62%, which is the lowest point in five months. Altcoin Market Rises To The Occasion The past 24 hours come as another example that the altcoin market is fluctuating massively lately. This is especially evident among lower-cap...Read More
Proof of Work, a consensus mechanism, has proved to be the backbone of some of the leading and widely-adopted blockchain networks. These include Ethereum, Litecoin, and, of course, Bitcoin. Many from the blockchain industry have wondered how come Proof of Work (PoW) remained so resilient over all these years. Some are even baffled by its...Read More
While Bitcoin remains relatively calm in its comfort price territory, lots of alternative coins have been fluctuating significantly. Decentralized finance (DeFi) and some prominent developments from several projects initiated serious price increases for various altcoins, and given the decrease in Bitcoin’s dominance, a new altcoin season booms. Chainlink (LINK) continues to impress with its performance,...Read More
The weekend turns out to be a rather boring one again for Bitcoin’s price as the asset continues hovering at about $9,150. However, the fluctuations within the altcoin market attract attention, with numerous double-digit gainers, led by Binance’s most recent acquisition – Swipe. Twitter Hack And Bitcoin After the blatant Twitter hack earlier this week,...Read More
Phase 0 of Ethereum 2.0 has been running full nodes on the Topaz testnet for months. However, the first block on the highly anticipated Beacon Chain has been mined and validated in mid-April. The first testnet was called Sapphire, and it was a scaled-down version that successfully tested smaller 3.2 ETH deposits. Topaz went live...Read More
Bitcoin Bitcoin saw a small 1% price decline this week, but it managed to remain within the confines of a symmetrical triangle pattern. Throughout the week, BTC attempted to break above the upper boundary of the triangle on numerous occasions but failed each time. The coin recently found support at the lower edge of the...Read More
The highly anticipated upgrade from ETH 1.0 to ETH 2.0 has been in the pipeline for a couple of years now. The initial phase, Beacon Chain, has been running full nodes on testnet since May, and staking rewards are being paid out to validators testing the new platform. The mainnet launch is unlikely to happen...Read More
With a bit of delay following the Twitter hack, Bitcoin finally sees a slight movement downwards to $9,100. Interestingly, this time the three major US stock market indexes decrease in value with a similar percentage. The situation appears much more favorable in the low-cap altcoin market, as massive gainers include Aurora, Ampleforth, and Algorand. Bitcoin...Read More
Ethereum saw a sharp 3% price drop today as it falls to the $230 level. This price decline has put ETH in danger of breaking beneath a rising trend line and turning bearish. Against Bitcoin, Ethereum fell lower from the 0.0263 BTC resistance to reach 0.0253 BTC again today. ETH/USD: ETH Bears Push Into Trend...Read More
An ongoing scam is being promoted on Twitter through some of the biggest accounts of major cryptocurrency companies and proponents. These include the world’s leading exchange, Binance, the US-based exchange Coinbase, as well as the account of one of the best-known Bitcoin proponents, AngeloBTC, and even Winklevoss’ Gemini. Ongoing Crypto Scam In the past few...Read More
The continuous rise of institutional interest towards the cryptocurrency industry is exemplified by Grayscale Investments’ record Q2 2020 earnings report. The large digital asset management company announced today that it had received total investments in Q2 of over $900 million – $400 million more than its previous record. Grayscale’s Best Quarter To date The company,...Read More
Ethereum is currently undervalued and is poised to increase in the long-term, potentially reaching market cap parity with Bitcoin, some analysts claim. Ethereum Might Be Bullish In the Long-Term As Ethereum is getting closer to its 5th anniversary, some market onlookers are waiting for its revival, especially amid the context of the awakening altcoin season....Read More
Ethereum saw a small 1.6% price drop today as the coin reached the $240 level. Earlier in the week, ETH hit the $250 level but was unable to overcome it, which caused it to fall to $240. Against Bitcoin, Ethereum has traded in a range between 0.026 BTC and 0.026 BTC this past week. ETH/USD:...Read More
Ethereum has seen its active addresses count explode by nearly 150% since the start of the year. Its addresses are also massively outperforming Bitcoin’s despite being up by 50% YTD. Ethereum Outperforms BTC In New Active Addresses According to data provided by the blockchain monitoring company Messari, the number of Ethereum active addresses year-to-date has...Read More
Trading in financial markets can be a profitable but also dangerous endeavor. It requires knowledge, skills, and experience no matter the market traders are employing. Of course, gaining experience could be related to actually registering losses but it could also help to learn from traders with a long history in the field. CryptoPotato recently had...Read More
Bitcoin prices followed stock markets down on Friday, sliding to an intraday low of $9,050; however, the primary cryptocurrency was able to recover in order to reclaim $9,300 over the past day but failed to break resistance there, sliding again to around $9,200 during most of Saturday. BTC/USD, Bitstamp. Source: TradingView The move has kept...Read More
Bitcoin Bitcoin saw a small 1% increase this week as it continued to trade sideways within the confines of a symmetrical triangle pattern. BTC has been trapped within this triangle since the start of June 2020, and a breakout will dictate the next direction. Looking ahead, if the buyers can rebound from the lower boundary...Read More
Ethereum saw a 2.2% price decline today as it dropped from $250 level to hit $240 today. Earlier in the week, ETH rebounded from the strong $225 support, which allowed it to start to climb toward $250 this week. Against Bitcoin, Ethereum created a fresh 3-month high after breaking above 0.026 BTC to reach 0.0263...Read More
Bitcoin and most altcoins have retraced slightly in the past 24 hours, after a few days of gains. Interestingly, similar price fallbacks are visible in the traditional stock markets, as the Dow Jones is down by 1.4%. Bitcoin’s False Breakout After the unsuccessful attempt to conquer $9,500, Bitcoin hovered above the significant 50-MA level at...Read More
There is no doubt that the hottest thing in the crypto industry at the moment is decentralized finance. However, Ethereum as its foundation still hasn’t caught up. Another day has heralded another all-time high for the total dollar value of collateral locked up in DeFi markets. That milestone has just hit $2.15 billion as more...Read More
