Derivatives data shows that Ether (ETH) traders are feeling less bullish when compared to Bitcoin (BTC). Even though the altcoin captured a nearly 200% gain in the first half of 2021 versus Bitcoin’s modest 22% price increase, traders seem to be more affected by Ether’s recent underperformance. Institutional flow also backs the decreased optimism seen in Ether derivatives, as ETH investment vehicles suffered record outflows this past week while Bitcoin flows began to stabilize. According to Source link

Bitcoin traded lower on Wednesday as traders took profits into the June close. The world’s largest cryptocurrency is on track for a record second-quarter price drop of 41%, snapping a four-quarter winning streak that saw prices chart a sixfold rise to almost $65,000 in April.  The crypto sell-off over the past quarter was triggered by regulatory crackdowns, concerns about tighter monetary policy, environmental issues and a slowdown in institutional demand. Selling stabilized in June,… Source link

At the beginning of the year, the dominant narrative permeating cryptocurrency markets was that institutions were going to add large swaths of bitcoin to their assets. Big, established investors from hedge funds to Wall Street mainstays and blue-chip companies would be quick to jump on the bandwagon.  Now, as bitcoin (BTC) trades close to half of the all-time high of almost $65,000 reached in April, things are starting to look slightly different: Despite what looks like a clearance sale on… Source link

Hackers Loot Around $2M Monero Using Crackonosh Malware Cybercriminals are targeting gamers with Crackonosh “mining malware” $2M worth of Monero lost resulting from Crackonosh mining malware Crackonosh malware aided the theft of the cryptocurrency Monero (XRM). In detail, the thieves stole $2 million worth of Monero. There were illegal Monero-mining malware accounts for more than 4% of the XMR in circulation. More so, it has created $57 million in profits for cybercriminals. As per… Source link

There is no shortage of cryptocurrencies for investors to trade, with roughly a couple thousand circulating in the market. Investors can add one more name to the list, now that ETL, the native token on the new decentralized EtherLite blockchain, is poised for public trading. EtherLite uses the coveted proof-of-stake (PoS) consensus model as it seeks to pick off where its much larger peer, Ethereum, leaves off. In fact, EtherLite is a hard fork of Ethereum, representing a major change in the… Source link

“The Hash” tackles today’s hot topics: The Bank of Russia has reportedly named 12 banks, including Russia’s largest credit organizations, to pilot the digital ruble, Subway passengers in Beijing can now use the digital yuan to pay their fares, Spain is considering a national digital currency alternative to the Euro, the USDC stablecoin may soon expand to 10 more blockchains, NYDIG and partners announce a bitcoin ad blitz in mainstream media, and U.S. Congressman Bill Foster, who co-chairs a… Source link

Bitcoin prices are on track for a record second-quarter percentage decline, weighed down by China’s crackdown, concerns the U.S. Federal Reserve will start tapering its stimulus program and persistent demand for downside hedges. The leading cryptocurrency was trading near $34,824 at 10:39 UTC on Wednesday (6:39 a.m. Eastern time), down almost 41% for the April to June period. The drop snaps a four-quarter winning streak that saw prices chart a sixfold rise to almost $60,000, according to… Source link

‘If we compare today to the April highs, we can say with absolute certainty that the hype has left the market,’ said one analyst. Cryptocurrencies were recovering slowly but steadily from an earlier sell-off but are once again down on Wednesday, with bitcoin’s price quite a distance from its all-time high of $63,000 (£45,552) in April. Bitcoin (BTC-USD) fell 0.7%, trading at $34,891 on Wednesday morning. “If we compare today to the April highs, we can say with absolute certainty that the… Source link

Ethereum Ethereum rose by 3.94% on Tuesday. Following on from a 4.99% gain on Monday, Ethereum ended the day at $2,166.18. A mixed start to the day saw Ethereum fall to an early morning intraday low $2,074.53 before making a move. Steering clear of the first major support level at $1,980, Ethereum rallied to a late afternoon intraday high $2,247.03. Ethereum broke through the first major resistance level at $2,166 to end the day at $2,166 levels. The second major resistance level at $2,248 had… Source link

Bitcoin traded higher on Tuesday, rising about 6% over the past 24 hours. Cryptocurrencies are in relief mode as selling pressure from May stabilizes in a tight range between $30,000 and $40,000. Traders are watching for signs of capitulation as bitcoin appears to be oversold and shorts unwind positions. Crypto markets have been resilient despite regulatory crackdowns in China and the U.K. On Monday, Reuters reported that several companies have abandoned their efforts to register with the… Source link