Ether (ETH) remains the second-largest cryptocurrency and it absolutely dominates the smart contract industry according to an array of network usage metrics. Even though the network has been overwhelmed by peak activity which is causing median fees to surpass $10, the network effect of its large user and developer base seems to be enough to sustain its position as the second ranked cryptocurrency by market capitalization. Nevertheless, some key on-chain metrics are beginning to show a… Source link

Treasury Secretary Janet Yellen has been sounding the alarms about bitcoin NEW YORK, NEW YORK – FEBRUARY 24: (EXCLUSIVE COVERAGE) Personal finance commentator and author Suze … [+] Orman surprised the financial world when she proclaimed this week in an interview, “I love bitcoin!” Getty Images and cryptocurrency. At a conference in late February, Yellen called bitcoin “an extremely inefficient way of conducting transactions” and “a highly… Source link

Monero struggled to maintain a level above its $225.5-resistance since the bears were asserting their control on the market. Ontology flipped a key resistance line at $1.05, but looked unlikely to hold on to the aforementioned in the next few trading sessions. Finally, CRO projected rangebound movement as volatility remained on the lower side. Monero [XMR] Source: XMR/USD, TradingView Despite several attempts, Monero’s bulls have been unable to rise above the coveted resistance of $225.5,… Source link

Monero struggled to maintain a level above its $225.5-resistance since the bears were asserting their control on the market. Ontology flipped a key resistance line at $1.05, but looked unlikely to hold on to the aforementioned in the next few trading sessions. Finally, CRO projected rangebound movement as volatility remained on the lower side. Monero [XMR] Source: XMR/USD, TradingView Despite several attempts, Monero’s bulls have been unable to rise above the coveted resistance of $225.5,… Source link

Trading contracts of polkadot, the ethereum rival that’s soared over 1,000% since August, have suffered a 99% so-called flash crash on the cryptocurrency exchange Binance. Binance polkadot futures contracts briefly dropped to under $1 on Friday before bouncing back to around $33. During the sudden drop, lasting mere seconds, some $18 million of polkadot futures contracts were traded on the exchange. MORE FROM FORBESBitcoin Still ‘Early’ Despite Huge 500% Price Rally-$28 Billion Asset… Source link

Ethereum Ethereum fell by 0.70% on Friday. Following a 1.83% decline on Thursday, Ethereum ended the day at $1,528.82. A bearish start to the day saw Ethereum slide to a late morning intraday low $1,442.32 before finding support. Ethereum fell through the first major support level at $1,488 and the second major support level at $1,435. Steering clear of sub-$1,400 levels, however, Ethereum bounced back to strike a late intraday $1,551.19. While breaking back through the major support levels,… Source link

Bitcoin ended the first week of March with little fanfare as the market reset after the prior week’s 21% plunge. There are more signs the global economic recovery might come faster than previously expected, and traders are speculating on what that might mean for the largest cryptocurrency. Bitcoin (BTC) trading around $49,196.78 as of 21:00 UTC (4 p.m. ET). Climbing 1.93% over the previous 24 hours. Bitcoin’s 24-hour range: $46,393.39-$49,462.13 (CoinDesk 20) BTC trades above its 10-hour… Source link

Key Takeaways Bitcoin sits on top of a significant support wall that may allow it to rebound towards new all-time highs. Ethereum’s upcoming protocol update could be the catalyst that ignites another bull rally.  XRP remains one of the most popular cryptocurrencies in Asia Pacific despite its legal uncertainty in the U.S.  … Source link

Dado Ruvic/Reuters Bitcoin struggled to regain the $50,000 per coin support level in the latter half of this week. The bitcoin pullback led to a sharp drop in share price of in crypto mining companies. Marathon Patent Group, Riot Blockchain, and Hive Blockchain technologies all sank double digits in percentage terms on Friday. Visit the Business section of Insider for more stories. Bitcoin-mining stocks sank across the board on Friday as the cryptocurrency struggled to reclaim… Source link

Before last week’s price crash really got underway, there was a brief crash in the price of ether on Tuesday, Feb. 22. The TradeBlock ETX, a spot reference rate for ETH, fell 15%, from about $1,765 to $1,534 in just over half an hour, before recovering almost as quickly. It was notable because it broke one of the most liquid markets in crypto.  The Feb. 22 ETH sell-off came with larger than usual volume on all four of the exchanges that are components of the ETX. One of these exchanges,… Source link