A lot of energy and money comes from these mining rigs.  Getty Images … Source link

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) rallied, but their gains were eclipsed by those made by less well-known cryptocurrencies with much slower market caps. What Happened: According to a recent Fortune report, many minor tokens rode the waves made by Bitcoin and Ethereum well enough to rake in higher gains than those behemoths. Cardano (CRYPTO: ADA) doubled this month, Binance Coin (CRYPTO: BNB) also rallied significantly, while Avalanche (CRYPTO: AVAX) tripled in August. Read also: Source link

Bitcoin (BTC) continued to range below $50,000 on Aug. 31, the final day of the month, as analysts demanded higher levels in order to continue the bull run. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $51,000 remains the deal-breaker for BTC Data from Cointelegraph Markets Pro and TradingView painted a dull picture for investors on Aug. 31 as BTC/USD continued to trade in a four-day-old descending channel. Despite highly encouraging on-chain metrics and fundamentals, BTC price… Source link

What Happened: Kevin Wadsworth, technical analyst and co-founder of Northstar & Badcharts, has predicted this Bitcoin (CRYPTO: BTC) bull market will reach its peak in October. In an interview with Kitco News on Monday, Wadsworth said he believes that the crypto bull market will likely conclude before the end of the year. “All the crypto charts I’ve been drawing and looking at vary a little bit in timing between the third week of September and some of them perhaps into mid-October or even… Source link

Some financial experts believe that the price of cryptocurrencies is solely driven by investors’ speculation, and in the past few years detractors have suggested that fixed income instruments like treasury bills have no relation to do with digital assets. This point of view is fairly accurate because, at this time, most investors from the asset class are not allowed to invest in Bitcoin (BTC) and altcoins. Public pension funds, retirement plans, fixed income and most non-leverage equity and… Source link

Ethereum price poised for 40% rally vs. Bitcoin after breaking out of four-month range ‘s native token, Ether (ETH), has the prospect of logging a 40% price rally against its top rival, (BTC), per a classic technical pattern. Dubbed a “symmetrical triangle,” the structure develops after the price forms a series of higher lows and lower highs. Doing so results in a convergence of two trendlines with a degree of symmetry, which appears a a triangle. weekly chart featuring a symmetrical… Source link

After shooting up to an 11-week high of $191.8, Litecoin has slowed down on the charts. A horizontal channel was now in the thick of things as price oscillated between their upper and lower trendlines. From this point, a breakout in either direction was possible but sellers had the edge over proceedings. To outlast selling pressure, LTC would need to continue defending the lower trendline. This could invigorate a fresh wave of buying pressure to help with a retest of LTC’s 200-SMA… Source link

Litecoin was among the most bearish pairs during the previous three months in the crypto market. losing around 75% of the vale, as it crashed from $414 and continued making lower lows until it formed a support zone above $100. The 20 SMA (gray) was pushing it down, which was another bearish sign, since this is the smallest moving average, indicating that sellers were jumping in on the first opportunity. Although, the reversal came in the crypto market in the last week of July, which pulled Source link

Ethereum’s native token, Ether (ETH), has the prospect of logging a 40% price rally against its top rival, Bitcoin (BTC), per a classic technical pattern. Dubbed a “symmetrical triangle,” the structure develops after the price forms a series of higher lows and lower highs. Doing so results in a convergence of two trendlines with a degree of symmetry, which appears a a triangle. Analysts treat symmetrical triangles as trend continuation indicators — i.e., they usually send prices in the… Source link