Cryptocurrency is a hot topic everywhere. It elicits passionate discussions from both sides of the aisle. Today we will discuss the opportunity that Ethereum (CCC:ETH-USD) has as a successful cryptocurrency. A concept image of mining an Ethereum (ETH) token. Source: Shutterstock There are extremes lovers of crypto and even more haters. And then there’s a giant mass of people who don’t want to even try and understand it. The concept is too foreign still. They are be apathetic about it, but… Source link

Should you buy Ethereum on the dip? Cryptocurrencies fell across the board yesterday after Tesla CEO Elon Musk raised environmental concerns about Bitcoin, the world’s biggest cryptocurrency. Ethereum, which is sometimes seen as silver to Bitcoin’s gold, initially fell about 9% on the news, though it recovered later in the day. According to figures on Coinmarketcap.com, the whole market was down yesterday due to fears that Musk had gone cold on cryptocurrency as a whole. Musk tweeted: “Tesla… Source link

Bitcoin (BTC) tanked on Wednesday, hitting multi-month lows near $46,000. Renewed fears of an early rate hike by the Federal Reserve, the recent dour mood in financial markets and Tesla’s decision to suspend bitcoin payments have all been blamed for the price slide.  But the downward move was likely aggravated by options market makers selling the cryptocurrency in the spot/futures market to hedge their books (offset bullish exposure), according to Fredrick Collins, a seasoned options… Source link

The number of Ethereum addresses that hold more than or equal to 32 Ether (ETH) has been declining, pointing at a possible lack of interest among traders and investors to become “full validators” for its upcoming proof-of-stake blockchain. At the same time, the price of ETH has rebounded back above $4,000 on Friday, while Bitcoin (BTC) tries to reclaim $51,000 following this week’s “Elon candle” plunge. Eth2 validators wanted? On-chain data analytics platform Glassnode revealed that… Source link

The bitcoin and cryptocurrency roller coaster has continued its wild ride this week, with the “joke” digital currency dogecoin jumping in value. The dogecoin price has added around 30% over the last 24 hours, climbing after Tesla TSLA billionaire Elon Musk said he’s “working with doge devs to improve system transaction efficiency,” adding it’s “potentially promising.” Musk, who has previously said all of his dogecoin-related comments shouldn’t be taken seriously, exacerbated a… Source link

Ethereum Ethereum fell by 2.05% on Thursday. Following on from an 8.45% decline on Wednesday, Ethereum ended the day at $3,719.23. A bearish start to the day saw Ethereum slide to an early morning intraday low $3,530.89 before finding support. Ethereum fell through the first major support level at $3,556 before striking an early morning intraday high $4,055.62. Falling well short of the first major resistance level at $4,241, however, Ethereum slid to a late afternoon low $3,545.00. Ethereum fell… Source link

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Text size Dreamstime The world’s largest cryptocurrency exchange, Binance Holdings, is under investigation by federal authorities for money laundering and tax evasion, according to a report in Bloomberg.  The news is sending another shock wave through the crypto market. Prices for Bitcoin (BTC) and other cryptos were already reeling from a… Source link

It’s Elon Musk’s crypto world. A bearish tweet from the entrepreneur on bitcoin and Tesla reneging on using it as a payment method sent crypto markets dropping. Bitcoin (BTC) trading around $48,769 as of 21:00 UTC (4 p.m. ET). Losing 10% over the previous 24 hours. Bitcoin’s 24-hour range: $47,720-$54,781 (CoinDesk 20) Ether (ETH) trading around $3,651 as of 21:00 UTC (4 p.m. ET). Dropping 10% over the previous 24 hours. Ether’s 24-hour range: $3,595-$4,243 (CoinDesk 20) Bitcoin fails to… Source link

Is an new crypto winter upon us? It’s impossible to know for sure but digital assets were in the midst of a significant decline on Thursday that was taking most prices back down to their lowest levels in months, and it wasn’t just comments from crypto bull Elon Musk sparking a bearish tone in the sector. Bitcoin prices BTCUSD, +2.00% are down more than 20% over the past two days, which would mark its steepest two-day slide since March 13, 2020,… Source link