Ethereum Ethereum rose by 1.64% on Monday. Following a 0.29% gain on Sunday, Ethereum ended the day at $2,228.26. A mixed start to the day saw Ethereum fall to an early morning intraday low $2,172.99 before making a move. Steering clear of the first major support level at $2,135, Ethereum rallied to a late intraday high $2,437.99. Ethereum broke through the day’s major resistance levels before a late pullback to sub-$2,250 levels. The pullback saw Ethereum fall back through the third major… Source link

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What happened The cryptocurrency market received a major boost on Monday from a report that Amazon (NASDAQ:AMZN) was preparing to accept Bitcoin (CRYPTO:BTC) and other cryptoassets as forms of payment in the coming months.  The news helped to drive Bitcoin’s price up 9% as of 4:55 p.m. EDT on Monday. Ethereum (CRYPTO:ETH) and Dogecoin (CRYPTO:DOGE) also rallied, to the tune of 5% and 7%, respectively. So what Amazon recently listed a job posting for… Source link

If you’re just starting out in blockchain and cryptocurrency, it’s essential to understand the industry jargon.  The terms digital assets, cryptocurrencies, and tokens are often used interchangeably, but they’re materially different in a few ways. If you’re in the legal industry, these small variations can make all the difference in a case– just wait until you get to security token classifications!  As you will inevitably notice, most… Source link

A rally by bitcoin on Monday wasn’t all about a help-wanted ad from Amazon.com Inc., crypto analysts said. The ad, seeking a “digital currency and blockchain product lead” got credit for getting the ball rolling as it stoked expectations the e-commerce and cloud computing giant could soon begin accepting bitcoin for payment. That theme was reinforced after City A.M., a London-based financial news organization, cited an unnamed Amazon AMZN,

Altcoins have started to move in the right direction as the market has built up on the recent bullish momentum. Litecoin has been one of the surprise inclusion which was facilitated growth from an on-chain perspective. While it may look great on paper, there are few more things that needs to incorporated and understood before estimating a Litecoin rally. Active Addresses and Hodling Act? According to Santiment, most altcoins were at a state of decline when it came to their daily on-chain… Source link

News of the cryptocurrency market’s death may have been greatly exaggerated, with Bitcoin and Ethereum climbing again from their brutal correction from only a few weeks ago. Bitcoin is up 12% in the last 24 hours, and Ethereum climbed around 10% in the same timeframe. Since most cryptocurrencies are still pegged to Bitcoin’s value, this means a rebound across most of the market. With today’s gains, orver the past week Bitcoin is up around 25%, while Ethereum has bested it with a 27% increase… Source link

Names like bitcoin (BTC-USD), dogecoin (DOGE-USD), ethereum (ETH-USD), and litecoin (LITE-USD) are entrenching themselves in the financial and cultural lexicon.  But most people are not ready to take the cryptocurrency plunge, a new poll suggests. A YouGov survey of 1,715 U.S. adults, conducted exclusively for Yahoo, found that 89% of respondents had heard of bitcoin and a clear majority (57%) of those who were aware would not invest in any cryptocurrency. (The poll, conducted July 13-15,… Source link

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The price of Ether (ETH) jumped to a three-week high on Monday, triggered by similar gains in the Bitcoin (BTC) market that appeared in the wake of rumors about Amazon’s foray into the cryptocurrency sector. A job posting from the retail giant showed that it is seeking an executive to build its “digital currency and blockchain strategy.” Meanwhile, global media reports have been speculating, based on inside sources that Amazon would start accepting Bitcoin as payments. As a result, the… Source link