The U.S. jobs data, which released on Friday, showed Nonfarm payrolls increased by 194,000 in September, compared to the Dow Jones estimate of 500,000. However, the jobless rate dropped to an 18-month low of 4.9%, keeping the Fed on track to begin unwinding the crisis-era stimulus from November and lift interest rates by mid-2022. Source link

Ethereum was looking pretty bullish and it was leading the cryptocurrency market for some time, before the major crypto crash in May. Even after the crash ended, Ethereum has been showing resilience, as it gained around 250% from July’s low until early September, when it broke above the $4,000 level. The second crypto crash in September took its toll on all cryptos, and Ethereum retreated below $3,000, but nothing can keep a good cryptocurrency down. The 100 SMA (green) held as support on… Source link

In May, Dukascopy Bank increased leverage from 1:3 to 1:5 on BTC/USD, ETH/USD, and LTC/USD. Dukascopy has expanded its list of cryptocurrencies for MT4 trading accounts with four new instruments: DSH/USD (Dashcoin), EOS/USD (EOS), TRX/USD (TRON), and XMR/USD (Monero). The new instruments are already available for trading on Demo and Live accounts and were added to the existing crypto portfolio at Dukascopy, which incudes BTC/USD (Bitcoin), ETH/USD (Ethereum), LTC/USD (Litecoin), BCH/USD… Source link

Ethereum Ethereum fell by 4.48% on Sunday. Reversing a 0.33% gain from Saturday, Ethereum ended the week down by 0.15% to $3,415.0. A mixed start to the day saw Ethereum rise to a mid-morning intraday high $3,605.49 before hitting reverse. Falling short of the first major resistance level at $3,627, Ethereum slid to a late intraday low $3,406.44. Ethereum fell through the first major support level at $3,532 and the second major support level at $3,487 to end the day at $3,410 levels. At the time… Source link

55 days from now will be the hundred-year anniversary of when the American industrialist and business magnate Henry Ford talked about a unique “energy currency” that could “stop wars.” The well known founder of the Ford Motor Company suggested that a currency could be backed by energy in kilowatt-hours (kWh) in a similar fashion to the way energy is leveraged to mine bitcoin. New York Tribune, December 4, 1921: ‘Ford Would Replace Gold With Energy Currency and Stop… Source link

Ethereum price action offered bulls a solid entry point this week with the monthly pivot and the 55-day SMA.  ETH price was capped by profit-taking around the monthly R1 resistance level and a medium-term red descending trend line on the topside. Bulls are building up momentum for the break higher with possible new all-time highs next week. Ethereum price action saw bulls flocking it at $3.250, around the 55-day Simple Moving Average (SMA) and the monthly pivot,… Source link

Like a toddler in a car seat on a long drive, last week the cryptocurrency market persistently asked the gnawing and annoying question, “Why?” Specifically, why did someone make a massive purchase of $1.6 billion worth of bitcoin on Wednesday in a couple of minutes? You’re reading Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every Sunday. While many see this huge buy as a signal of… Source link

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not… Source link

This time on Speaking of Bitcoin, join hosts Stephanie Murphy, Jonathan Mohan and Adam B. Levine for a look at bitcoin tipping through the ages. From the dogecoin-like fun and fervor of the early days to the game-changing bridges that first brought it to twitter, the hosts dig into Youtube, Changetip, TechCrunch and more. Source link

Experienced analysts and media outlets including Cointelegraph recently highlighted some indicators suggesting that the Bitcoin (BTC) price rally could be overextended. Those bearish views include one from Bollinger bands creator John Bollinger, suggesting traders use a trailing stop, as signs of a “top” were building up. However, it is worth noting that Bollinger Bands and the Fear and Greed indicator are backward-looking metrics. Therefore, those will usually flash overbought levels… Source link