The United States equity markets and the cryptocurrency space are witnessing a relief rally this week. Supporting the rise in risky assets is the U.S. dollar index (DXY), which retreated from its multi-year high. Generally, cryptocurrencies move inverse to the price of the U.S. dollar, but this week's bounce does not necessarily mean that bulls' […]
The Ethereum price prediction reveals that ETH is currently trading above $1000 after a significant dip towards $900. Ethereum Prediction Statistics Data: Ethereum price now – $1136 Ethereum market cap – $137.7 billion Ethereum circulating supply – 121.2 million Ethereum total supply – 121.2 million Ethereum Coinmarketcap ranking – #2 ETH/USD Market Key Levels: Resistance […]
Following yesterday’s drop in price, bitcoin stabilized during Thursday’s session, as prices hovered marginally below $21,000. Bulls are attempting to take BTC back towards this resistance level, which was broken as a result of Wednesday’s sell-off. Bitcoin BTC was trading marginally below $21,000 on Thursday, as prices slightly rebounded following declines on hump day. Following […]
Bitcoin (BTC) continues to face a tough battle near the psychological level of $20,000 as the bulls and the bears attempt to assert their supremacy. Trading firm QCP Capital said in their latest market circular that funding rates on derivatives markets were stable and bearish conditions were fading. Another ray of hope for the Bitcoin […]
Source: AdobeStock / Alex The crypto market reversed lower again on Wednesday, after some optimism earlier in the week that the bottom could be behind us. According to analysts, the outlook for crypto is now highly uncertain, with some warning that prices could fall based on historical precedence, and others pointing to risks from the […]
For a few years now, the pseudonymous creator of the popular stock-to-flow (S2F) bitcoin price model, Plan B, has become a very well known bitcoin influencer gathering 1.8 million Twitter followers. However, after the S2F price model didn’t come to fruition and dropped well below the price targets in 2022, Plan B and his price […]
The great Merge has taken the market and miners from their feet. It is predicted that the Merge will force Ethereum’s 19 billion USD mining industry to find a new home. Vitalik Buterin, Ethereum’s co-founder in his statement at the ETH Shanghai Web 3.0 Developer Summit said that “the merging” will be concluded by this […]
Bitcoin price is up over 4% today as the cryptocurrency continues to rally past the $21k mark, currently trading at $21,546. Major cryptocurrencies like Ethereum, Cardano, XRP, and Solana are also showing substantial price growth, with SOL gaining upwards of 10% in the past 24 hours. The bullish momentum this Tuesday comes amid the stock […]
Bitcoin was trading higher for a second consecutive session on Tuesday, which is the first time it’s seen back-to-back gains in over two weeks. ETH also climbed in today’s session, as bulls continued to re-enter the market. Bitcoin BTC was trading higher for a second consecutive session on Tuesday, as markets continued to move away […]
Ethereum price started a fresh decline below the $1,200 support against the US Dollar. ETH price is now trading below $1,200 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $1,300 on the 4-hours chart (data feed from Coinbase). The pair could struggle to clear the […]
After falling below $1,000 over the weekend due to growing economic fears, a weak stock market, and rising inflation, Ethereum saw a price rise on Monday. As of Monday morning, Ethereum was trading near $1,100. Due to a broader market retreat from risky assets, the price of Ethereum, like Bitcoin, has been extraordinarily volatile in […]
The crypto markets have been in a strong bear phase for the past several months but JPMorgan Chase analysts expect that to change and they projected significant upside from the current levels. The analysts cited the rising share of all stablecoins in the total crypto market for their bullish outlook. Unperturbed by the current fall, retail […]
Source: Adobe/3D motion Bitcoin, Ethereum & Crypto Analysts Search for Bottom as Investors in 'Historically Meaningful Degree' of Pain As Bitcoin (BTC) and the broader crypto market are trying to recover after diving below crucial levels this past weekend, analysts are digging into data, trying to identify the next steps in the market. "The selloff […]
While digital currencies suffered this past month, non-fungible token (NFT) sales dropped by 74.44% during the last 30 days. Data shows that during the last seven days, NFT sales have slipped 17.33% lower than the sales recorded the week prior. NFT floor values for popular collections have rebounded this week in terms of ethereum value, […]
As recession fears pushed stock markets and cryptocurrencies to two-year lows last week, things are looking better this Juneteenth, as a federal holiday observes the end of slavery in the United States. Stock markets are closed today, which provides an extra day for cryptocurrencies to show bullish momentum and regain some of their prices. However, […]
Source: Adobe/Microgen Bitcoin (BTC), the most popular cryptocurrency and cryptoasset, dropped below USD 20,000 for the first time since December 2020, while the second-largest cryptoasset, ethereum (ETH), broke the USD 1,000 level for the first time since January 2021. (This is a developing story and is being updated.) At 08:19 UTC, BTC trades at USD […]
Source: Adobe/PixieMe Bitcoin (BTC) is the best asset to “moderate the economic impact” of major interest rate announcements, according to a new report from Babel Finance, a crypto-financial services provider. The report, written by Babel Finance analysts Robbie Liu and Yuanming Qiu, arrived at its conclusions by looking at the market reaction in regards to […]
Source: Adobe/Syda Productions There is not enough liquidity in centralized and decentralized exchanges combined for the troubled crypto lender Celsius to sell their Lido staked ethereum (stETH) tokens on the open market, leaving over-the-counter (OTC) transactions as the only option, according to digital assets data provider Kaiko. The report, written by Kaiko research analyst Conor […]
On Thursday, Circle’s CEO Jeremy Allaire announced that the company has launched a new stablecoin pegged to the value of the euro (EUR). Allaire said that the new EUROC token is now live on the Ethereum network and will be “available to mint and redeem on June 30th.” Circle Launches EUROC Circle has announced the […]
Source: Adobe/SYARGEENKA Despite market volatility, leading play-to-earn (P2E) blockchain games have built communities of players who log on every day to make money playing video games. Read on to learn about the top play-to-earn games on Ethereum (ETH) by the number of users. What is Ethereum? Ethereum was launched in 2015 to improve upon the […]
Vitalik Buterin. Source: Bankless / YouTube Ethereum (ETH) co-founder Vitalik Buterin has been quite vocal recently about the non-financial applications of blockchain technology and has published a paper on June 12 listing some use cases. In a paper titled “Where to use a blockchain in non-financial applications,” in the first place, the Ethereum mastermind said […]
