Ethereum Ethereum surged by 26.25% on Monday. Reversing an 8.58% slide from the previous day, Ethereum ended the day at $2,651.24. A mixed start to the day saw Ethereum fall to an early morning intraday low $2,072.15 before making a move. Steering clear of the first major support level at $1,756, Ethereum rallied to a late intraday high $2,678.25. Ethereum broke through the first major resistance level at $2,412 to wrap up the day at $2,650 levels. At the time of writing, Ethereum was up by 2.67%… Source link

The Litecoin price has done relatively well in the past few sessions. The LTC price is trading at $178.80, which is 52% above the lowest level last week. It has a market cap of more than $12 billion and is the 13th biggest cryptocurrency in the world. Litecoin news: Litecoin is a digital currency that is used to make transactions. It was developed using the same concepts as Bitcoin. Over the years, the number of people using the currency for transactions has been… Source link

Cryptocurrencies have had a tough time recently. After reaching its peak of around $4,200 per token in mid-May, the price of Ethereum (CRYPTO:ETH) has plummeted by more than 40% over the past week. However, the current crypto crash doesn’t necessarily mean it’s a bad time to buy. If you’ve done your research and have decided you’re interested in investing in Ethereum, it can be a smart move to buy when the price is lower. This way, you can get more… Source link

Amid the devastation within the cryptocurrency sector, many of the popular and more reasonably priced digital assets suffered disproportionately. Litecoin (CCC:LTC-USD), which was once the original altcoin or alternative cryptocurrency to Bitcoin (CCC:BTC-USD), was among the hardest hit of the well-known cryptos. Source: Shutterstock Bitcoin shed more than 14% of market value over the trailing seven days. In contrast, Litecoin fared much worse, dropping 38% in the same comparison…. Source link

Bitcoin and Ethereum prices are making a comeback, following two weeks of market losses. Bitcoin rebounded 13 per cent for a value of USD$38,000, while the world’s second largest cryptocurrency, Ethereum, is up more than 27 per cent, worth just under USD$2,475. Bitcoin’s value was chopped in half just weeks after April’s record peak of $64,895. The cryptocurrency’s markets operate 24/7, meaning prices can drastically change at any hour. Read more: Bitcoin rebound comes under… Source link

Founder of Ethereum Vitalik Buterin during TechCrunch Disrupt London 2015 John Phillips/Getty Images for TechCrunch Ethereum’s price rose roughly 40% to briefly touch $2,500 per coin on Monday. The jump in price came after a brutal sell-off last week for the second-largest cryptocurrency by market cap. Despite a recent drop in prices, new research shows ether miners made a record $1.93 billion in revenue in May. Sign up here for our daily newsletter, 10 Things Before the Opening… Source link

Founder of Ethereum Vitalik Buterin during TechCrunch Disrupt London 2015 John Phillips/Getty Images for TechCrunch Ethereum’s price rose roughly 40% to briefly touch $2,500 per coin on Monday. The jump in price came after a brutal sell-off last week for the second-largest cryptocurrency by market cap. Despite a recent drop in prices, new research shows ether miners made a record $1.93 billion in revenue in May. Sign up here for our daily newsletter, 10 Things Before the Opening… Source link

The next Ethereum network could reduce crypto’s energy consumption by 99%. Yuriko Nakao/Getty Images Renewable energy pioneer Elon Musk recently made a 180-degree turn on Bitcoin, announcing that Tesla would no longer accept the cryptocurrency as a payment method after realizing that Bitcoin mining and transaction consume too much electricity generated from fossil fuel. “Cryptocurrency is a good idea on many levels…but this cannot come at great cost to the environment,” the… Source link

Ether’s (ETH) futures premium has gone through a complete cycle, from April’s extreme euphoria to the present level, which is the most bearish in six months.  Believe it or not, in both situations, Ether’s price was roughly $2,100. This change shows how investors’ mood depends on a few weeks’ performances and holds no relation to longer timeframes. By analyzing the futures markets’ price difference versus regular spot exchanges, traders can better understand how the price move has impacted… Source link

Here’s what you need to know: Elon Musk, the chief executive of Tesla, which bought $1.5 billion in Bitcoin last quarter.Credit…Michele Tantussi/Reuters Over the weekend, the price of Bitcoin briefly fell to around $31,000, more than 50 percent down from its high last month. It has recovered somewhat and is currently trading at around $37,000. “About $20 billion of long positions were liquidated last week,” Sam Bankman-Fried, the chief executive of the crypto derivatives exchange FTX,… Source link