Ethereum price continues to consolidate as it prepares to breach $4,000 and climb higher. ETH layer two and adoption continue to progress in the right direction after the recent London hard fork. A retest of the all-time high at $4,372 is plausible if ETH bulls remain optimistic. Ethereum price is coiling up after tagging a crucial psychological level. Investors can expect ETH to shoot higher as the overall outlook of the cryptocurrency market remains optimistic…. Source link

The Litecoin price jumped on Monday as the overall mood of cryptocurrencies improved. The LTC token jumped to $230, which was the highest level since May 14. This price was also about 120% above the lowest level since July 20th.  LTC follows BTC In an interview early this year, Litecoin’s founder, Charlie Lee made the case that Litecoin was the closest rival to Bitcoin. Besides, the two cryptocurrencies use the same technology, with the main difference… Source link

Ethereum Ethereum rose by 1.66% on Sunday. Reversing a 1.33% loss from Saturday, Ethereum ended the week up by 22.49% to $3,952.17. A mixed start to the day saw Ethereum fall to an early morning intraday low $3,835.70 before making a move. Steering clear of the first major support level at $3,825, Ethereum rallied to a late intraday high $3,982.64. Ethereum broke through the first major resistance level at $3,960 before easing back. At the time of writing, Ethereum was down by 0.29% to $3,940.60…. Source link

Institutional interest in Litecoin is on the rise. While it is known as the “silver” to Bitcoin’s gold, that narrative is changing. It looks like Litecoin might be standing independently, since institutions and retail investors alike, are starting to see potential in it.  Grayscale Litecoin Trust (LTCN), after over a month, finally witnessed some gains as LTCN rose by 32.39% today. Grayscale Litecoin Trust (LTCN) rose by 32% today | Source: TradingView – AMBCrypto There are 2… Source link

Over the past month, the crypto market has looked like a rising tide for all coins — but data suggest growth across the asset class hasn’t been equal. Last week, Bitcoin (BTC-USD) breached $50,000 for the second time in two weeks, extending a rally that put a grim sell-off that started in May further in the rear-view mirror. While notable for its volatility, gains in the the largest cryptocurrency may have gotten lost in the swell of rising prices across the entire asset class. With a… Source link

Bitcoin is becoming legal tender in El Salvador in three days. However, a nationwide survey conducted by the University Institute of Public Opinion (Iudop) shows that seven out of 10 Salvadorans want the government to repeal the Bitcoin Law. El Salvador’s Bitcoin Law Goes Into Effect in 3 Days The University Institute of Public Opinion (Iudop) in El Salvador conducted a study between Aug. 13 and Aug. 20 of how the public views the country’s upcoming Bitcoin Law. The institute is a… Source link

Let’s talk about scarcity: what it is, and how it relates to the dollar, gold and bitcoin. First let’s start by defining it. Scarcity is the gap between the limited supply of various resources and the limitless want of humans. The principle of scarcity is a core concept in the study of economics. Thomas Sowell, an economist at the Hoover Institute, defines economics as such: “The study of the allocation of scarce resources with alternative uses.” There Are Two Different Types Of… Source link

A strong bullish response at an important support zone lifted Litecoin above its 38.2% Fibonacci level, for the first time since the 19 May crypto crash. Before setting its sights on the 50% and 61.8% Fibonacci levels, a market correction was expected due to RSI’s overbought nature. A few areas that could trigger a selling response can be found on the 4-hour timeframe. At the time of writing, LTC traded at $219.8, up by 15% over the last 24 hours. LTC 4-hour Chart Source: LTC/USD,… Source link

advertisement The daily issuance of the world’s second largest cryptocurrency has gone negative for the first time since the Ethereum network’s EIP-1559 upgrade. The Block’s Data Dashboard shows that the daily net emission of ether (ETH) on September 3 was -333, which became negative about 30 days after the EIP-1559 upgrade was activated on August 5. The upgrade changes Ethereum’s monetary policy by burning part of the transaction fees in every new block that previously belonged to… Source link