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On-chain analyst Willy Woo asserted that Bitcoin (BTC) would break above the $42,000-resistance level in its coming attempts. The researcher based his bullish analogy on the so-called Rick Astley indicator, a heat-map that tracks investors—the Rick Astleys of this world—that buy Bitcoin to hold the asset for longer timeframes. The indicator earlier predicted Bitcoin price spikes based on investors’ buying activity below certain technical resistance levels. Investors’ buy-and-hold habits… Source link

Bitcoin (BTC) and Ether (ETH) are due for a “huge” move, but short-term signals suggest a correction, an analyst warned on Friday. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Buy into resistance? “Not interested” Data from Cointelegraph Markets Pro and TradingView showed both BTC/USD and ETH/USD acting near critical range resistance as the week drew to a close. A late surge the day before punctuated an overall downtrend after swift upside throughout the previous week,… Source link

Developers successfully completed a ‘hard fork’ of ethereum on Thursday, essentially changing the underlying code that the cryptocurrency relies on to run. Photo: Jakub Porzycki/NurPhoto via Getty A successful change to the code underlying the world’s second biggest cryptocurrency ethereum (ETH-USD) has helped improve sentiment and drive crypto prices higher. Developers successfully completed a “hard fork” of ethereum on Thursday, essentially changing the underlying code that the… Source link

The United States tax bill, which could hurt Bitcoin (BTC) and crypto holders, will “continue the plunder of future generations,” Cameron Winklevoss argues. According to new estimates, the proposed Infrastructure Bill currently under discussion in Washington would pile on an extra quarter of a trillion dollars in debt. Bill may add $256 billion in debt As the contentious bill makes its way through government, crypto voices continue to warn about a potential tax nightmare, which, they… Source link

Today, neither bulls nor bears are dominating as some coins are in the green zone while others are in red. Top coins by CoinMarketCap LTC/USD Litecoin (LTC) could not follow the rise of Bitcoin (BTC) and other growing coins as the rate of the “digital silver” has gone down by 1.21% since yesterday. LTC/USD chart by TradingView On the hourly chart, Litecoin (LTC) has bounced off the $136 mark, following a rising trading volume. At the moment, there is a high… Source link

Ethereum Ethereum rose by 3.84% on Thursday. Following an 8.63% rally on Wednesday, Ethereum ended the day at $2,829.39. A bearish start to the day saw Ethereum fall to a mid-day intraday low $2,534.30 before making a move. Coming within range of the first major support level at $2,530, Ethereum rallied to a late intraday high $2,845.00. Ethereum broke through the 38.2% FIB of $2,740 to test the first major resistance level at S2,845 before easing back. At the time of writing, Ethereum was up by… Source link

Crypto compliance firm Ciphertrace has announced enhanced tools for tracing Monero transactions. “Ciphertrace takes Monero tracing capabilities to the next level with the ability to follow the flow of funds backwards from the transaction of interest to its source,” the company claims. Ciphertrace Claims to Have ‘Enhanced’ Tools to Trace Monero Transactions Blockchain analytics and crypto compliance firm Ciphertrace announced Thursday “enhanced… Source link

A new software update for Ethereum, the second-largest blockchain network, will likely stabilize transaction fees and cut down on the supply of the tokens, according to Reuters. Ether was trading lower prior to the news but gained afterward and was up 2.6 percent to $2,796, Reuters reported. The adjustment is called the Ethereum Improvement Proposal (EIP) 1559. It entails changing how transactions are processed on Ethereum by offering more transparent pricing for transaction fees in ether… Source link

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