Bitcoin price failed once again to clear the $48,500 resistance zone against the US Dollar. BTC is declining and it could even decline below the $46,200 support zone. Bitcoin started a fresh decline after it failed to surpass the $48,500 resistance zone. The price is still trading below $47,500 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $48,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could… Source link

During the last few months, cross-chain bridge technology has grown a great deal and users can now swap assets between a myriad of networks. Today, between eight different bridges there’s $7.6 billion total-value locked across these platforms. Cross-Chain Bridges There’s a decent quantity of cross-chain blockchain bridges these days and it has allowed users to do a variety of different decentralized finance (defi) techniques. Interestingly, a great deal of bridges connect to the… Source link

Following broader market price trends of mostly just consolidation, coins such as Litecoin, Solana and Avalanche walked the same path. Litecoin moved towards its four-week low price of $160.58. Solana fell by 1.7% and moved closer to immediate support level of $140.91. Finally, Avalanche’s rally took a pause and declined by 1.9% over the last 24 hours.  Litecoin (LTC) LTC/USD, TradingView Litecoin continued to consolidate with a loss of 1.7% over the last 24 hours. The coin was priced at… Source link

According to Jay Milla, the director of the Litecoin Foundation, the number of active addresses on the Litecoin (CRYPTO: LTC) network has surpassed that of Bitcoin Cash (CRYPTO: BCH), and Dogecoin (CRYPTO: DOGE). In a recent tweet, Jay mentioned that the growth of wallet activity on the Litecoin network has risen to 450k, outpacing other large-cap cryptocurrencies. Cardano’s (CRYPTO: ADA) active address count stood at 214k, followed by Bitcoin Cash with 101k and Dogecoin with just 60.89k. The… Source link

Bitcoin’s hashrate has been climbing higher during the last two weeks, hitting 174 exahash per second (EH/s) on two occasions since June 28. Currently, Bitcoin’s network hashrate is coasting along at 158 EH/s, up 128% since the low 83 days ago when it hit 69 EH/s. Meanwhile, unknown hashrate has subsided a great deal as 96% of the mystery miners recorded at the end of June have disappeared. Bitcoin Hashrate Gathers Strength Since the End of June Approximately 83 days or over two… Source link

Ethereum (ETH) came off $4,100 at the end of August and looked for support. ETH support came in the first week of September around $3,018. The correction was an excellent opportunity for buyers to step in and make future ETH price action in favor of bulls. Ethereum (ETH) hit a curb at the beginning of September. With the full retrace of the profitable price action the week before, a descending trend line formed and is limiting further expectations to the upside…. Source link

The term “Ethereum killer” is beginning to pick up the pace once again in the cryptocurrency markets as the native tokens of several competing blockchain networks are posting significant gains during September. For any alternative network to be considered as a part of this category, it needs to have one essential feature that serves as the backbone of the Ethereum network: smart contracts. Keeping this in mind, the most prominent blockchain networks by market capitalization that usually… Source link

Vitalik Buterin Vitalik Buterin dreamed up ethereum in 2013. Getty Images/John Phillips Vitalik Buterin has compared the eight founders of the ethereum blockchain to JRR Tolkien’s close-knit “fellowship of the ring”, according to the Financial Times. Yet, the story of the group is one marked by feuds and competition, with two members splintering off to create ethereum rivals cardano and polkadot. Buterin recently said choosing seven other founders “nondiscriminately” to build the… Source link

One of the reasons behind Bitcoin’s (BTC) volatility, the substantial price oscillations that occur regularly, is the discrepancy of its use cases. Some pundits deem it “digital gold,” a truly scarce and perfect store of value (SoV). Others consider Bitcoin a technology project or a type of software with a corresponding network. El Salvador’s adoption as legal tender will likely evidence the means of exchange (MoE) functionality that the Lightning Network provides. The Layer-2 scaling… Source link

Bitcoin is a fully decentralized peer-to-peer payment system, notorious for its volatility. The crypto’s volatility doesn’t occur in isolation. In fact, it determines the course of the crypto market. Most cryptocurrencies are impacted by Bitcoin’s fluctuating prices. Understanding the determinants that affect Bitcoin’s volatility will help you gauge the developments and tendencies in the crypto market better. Here’s a look at some of the key factors. Cryptocurrency Live Previous Next