Bitcoin remains on a downward trajectory toward $32,000 despite rallying as much as 4.6% during the early trading hours in Asia on Wednesday. Bouncing from a 24-hour low of $31,620, prices were hovering just around $32,500 at press time after reaching a 24-hour high of $33,182, CoinDesk data show. The gradual slide is continuing to eat into year-to-date gains, which stand just above 12%. Intraday volume for the world’s oldest cryptocurrency remains considerably lower than weeks past, with… Source link

China’s share of global electricity usage for bitcoin mining fell to under half for the first time this April, while Kazakhstan has catapulted to third place as its share of mining increased sixfold. China’s global hashrate, the computational power required to mine new bitcoins, fell from over 75 per cent to 46 per cent of the global total between September 2019 and April 2021, according to data from the Cambridge Centre for Alternative Finance. The following month, Source link

If you are looking for lightning-fast transactions, with complete anonymity – look no further than the popular privacy coin Monero. Just about any Joe Investor can buy Monero these days – however, it’s important to have a good broker of crypto exchange on your side for the smoothest experience possible. Today, we talk about every aspect of how to buy Monero in the UK. This includes the best two cryptocurrency platforms to facilitate your purchase, the key advantages of this crypto… Source link

Ethereum Ethereum rose by 2.77% on Wednesday. Partially reversing a 4.43% fall from Tuesday, Ethereum ended the day at $1,994.11. A bearish start to the day saw Ethereum fall to a late morning intraday low $1,865.50 before making a move. Ethereum fell through the first major support level at $1,890 before rallying to an early afternoon intraday high $2,019.90. Coming up against the first major resistance level at $2,020, however, Ethereum slipped back to end the day at sub-$2,000 levels. At the… Source link

Ethereum’s native token Ether (ETH) reclaimed $2,000 in the early New York trading hours Wednesday as crypto traders assessed the Federal Reserve Chairman Jerome Powell’s prepared congressional testimony. The ETH/USD exchange rate surged 7.19% to reach its intraday high of $2,019.90. Likewise, Bitcoin (BTC), whose 7-day positive correlation with Ether stands at 0.84 above zero, climbed, albeit by a modest 0.75%, hitting $32,379. Ether bounces of key support area Wednesday morning. Source:… Source link

Follow @crypto Twitter for the latest news. Bitcoin’s stayed quiet so far this month, even as inflation prints show up hotter than expected. Chartists are now keying in on technical indicators to see where it could be headed. The price of Bitcoin is nearing the lower band of its Trading Envelope indicator — which smooths moving averages to map out higher and lower limits — suggesting it’s near a critical inflection point. If the lower level of the band is breached,… Source link

Bitcoin (BTC) decreased considerably on July 13, resuming the descent that began the previous day and hit a low of $32,202. So far, BTC has continued moving downwards in the early hours of July 14. However, it’s rapidly approaching a confluence of support levels. BTC trading range BTC is still trading inside the range of $31,300 and $40,550 that’s been in place since May 19. Currently, it’s trading slightly above the $31,300 horizontal support area. The price has been moving downwards… Source link

New Delhi: Most major cryptocurrencies plunged on Wednesday as bears continue to push prices lower. Barring US dollar pegged coins, the top 10 traded cryptocurrencies were down up to 25 per cent in the last 24 hours. Bitcoin was down 8 per cent while Ethereum tanked 21 per cent. Binance Coin, XRP and Cardano were also down in double digits. Interestingly, the sell-off happened at a relatively higher volume, meaning this trend may continue for some time, said analysts. “The markets are… Source link

Ethereum Ethereum fell by 4.43% on Tuesday. Following a 5.17% slide on Monday, Ethereum ended the day at $1,940.76. A mixed start to the day saw Ethereum rise to a late morning intraday high $2,047.72 before hitting reverse. Falling short of the first major resistance level at $2,133, Ethereum slid to a late intraday low $1,917.40. Ethereum fell through the first major support level at $1,966 to end the day at sub-$1,950 levels. At the time of writing, Ethereum was up by 0.02% to $1,941.17. A… Source link

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