Ethereum large wallet investors accumulated 13.9% more tokens as ETH approaches a new all-time high. ETH contract holdings hit a record high with $11.82 billion, according to Bybt. Purpose Ether ETF increased Ethereum holdings by 18% to 76,000 ETH. ETH has offered the highest risk-adjusted returns in the past 24 hours, dominating Ethereum-killers SOL, ADA and DOT. The Ethereum “triple halving” narrative is looming, predicting a massive rally in ETH price as… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, October 21, 2021 Bitcoin to $100K+? Don’t rule it out Bitcoin (BTC-USD) “hodlers” are looking awfully prescient these days. A rough summer swoon followed by a whipsaw start to the fall is now starting to give way to the cryptocurrency’s moment in the sun. With the introduction of a new exchange-traded fund this week and more lining… Source link

Ethereum Ethereum rallied by 7.31% on Wednesday. Following a 3.55% gain on Tuesday, Ethereum ended the day at $4,161.94. A mixed start to the day saw Ethereum fall to a mid-morning intraday low $4,144.00 before making a move. Steering clear of the first major support level at $3,776, Ethereum rallied to a late intraday high $4,169.00. Ethereum broke through day’s major resistance levels to end the day at $4,152 levels. The third major resistance level at $4,152 delivered support late in the… Source link

Litecoin has approached a critical juncture at the 50% Fibonacci Retracement level. A daily close above the $190-mark would allow LTC to overturn a stubborn resistance and be in hot pursuit of its September local high. If bullish momentum wavers over the coming week, bears could take advance of the chinks in LTC’s armor and initiate a drawdown back towards the $140 support. At the time of writing, LTC traded at $187.5, down by a marginal 0.8% over the last 24 hours. Litecoin Daily Chart

This week has witnessed cryptocurrency history with the launch of the first Bitcoin (CCC:BTC-USD) exchange-traded fund (ETF). The ProShares Bitcoin Strategy ETF (NYSE:BITO) has given Wall Street the opportunity to gain exposure to the crypto without the risk that can come from holding it. This news has sent Bitcoin shooting up, leading to it hitting an all-time high of $66,000, continuing a record year in which the crypto has risen by more than 130%. Bitcoin isn’t the only name… Source link

At the time of writing Litecoin (LTC) is being traded at the price of $200. The price has increased by almost 8.10% in the past 24 hours. The volume has decreased by almost 6%. LTC is listed at the 14th spot according to the marketcap and has a dominance of 0.52%. 3 Tiny Stocks Primed to Explode The world’s greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market… Source link

Ethereum’s native token Ether (ETH) is likely to hit its own record high in the short term as ETH has broken above $4,000, a crucial resistance level. Ethereum breaks $4,000, nearing new all-time high ETH price rallied on Oct. 20 by over 5% to approach $4,100 on the Coinbase exchange for the first time since May 2021. The cryptocurrency’s run-up above $4,000 appeared primarily in the wake of Bitcoin (BTC) breaking above $65,000 to enter price discovery. According to data provided by Crypto… Source link

This article originally appeared in Valid Points, CoinDesk’s weekly newsletter breaking down Ethereum 2.0 and its sweeping impact on crypto markets. Subscribe to Valid Points here. During Ethereum Core Devs Meeting #124 on Oct. 15, a proposal to push December’s “difficulty bomb” was discussed. According to ETH Hub, the “Difficulty Bomb refers to a mechanism that, at a predefined block number, increases the difficulty level of puzzles in the proof-of-work mining algorithm resulting… Source link

The Litecoin price has diverged from Bitcoin. The LTC token is trading at $187, which is a few points below the key resistance of $192. The coin is about 55% below its all-time high of $412 and has a market capitalization of more than $12.8 billion. It is the 15th biggest cryptocurrency in the world. Bitcoin and LTC correlation Litecoin is a second-generation blockchain project that was launched in 2014. The goal of the developers was to provide users with… Source link

Ethereum Ethereum rose by 3.55% on Tuesday. Partially reversing a 2.65% slide from Monday, Ethereum ended the day at $3,878.17. A mixed start to the day saw Ethereum fall to an early morning intraday low $3,731.22 before making a move. Steering clear of the first major support level at $3,650, Ethereum rallied to a final hour intraday high $3,890.36. Ethereum broke through the first major resistance level at $3,868 to end the day at $3,878 levels. At the time of writing, Ethereum was up by 0.18%… Source link