Newsletter: #techFT The latest news and comment on the most pressing issues in the technology sector. Delivered every weekday. This article is an on-site version of our #techFT newsletter. Sign up here to get the complete newsletter sent straight to your inbox every weekday The ethereum blockchain has come to prominence over the past year, with its underpinning of the non-fungible token (NFT) craze and of the creation of decentralised finance projects (DeFi). So could ethereum be the… Source link

Ethereum’s native token Ether (ETH) has the potential to double its market valuation in the coming months, thanks to a confluence of supportive technical and fundamental indicators. Ether price soared by more than 9% Friday to hit nearly $3,300 for the first time in ten days. Its gains surfaced primarily in the wake of a price rebound across all the top cryptocurrencies, including Bitcoin (BTC), which gained 9.5% to hit $48,000, the highest level in 10 days. Ether-Bitcoin correlation against… Source link

Bitcoin and other cryptocurrencies jumped suddenly Friday, a day after Federal Reserve Chairman Jerome Powell said the U.S. didn’t have plans to ban cryptocurrencies. Bitcoin rose 9.4% from its 5 p.m. ET value on Thursday to $47,528.91, its highest level in almost two weeks. Ether, the second-largest cryptocurrency by market value, gained 8.7% to $3,230.46 over the same period. There was no obvious catalyst for… Source link

Shares of crypto-related stocks, including Marathon Digital Holdings Inc (NASDAQ: MARA) Riot Blockchain Inc (NASDAQ: RIOT) and Coinbase Global, Inc. (NASDAQ: COIN) are trading higher amid an increase in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). Bitcoin is trading 8.8% higher at around $47,300 Friday morning. Ethereum is trading 7.8% higher at around $3,230 Friday morning. See Also: Bitcoin Surges, Liquidating 0M Short Positions In One Hour Marathon Digital focuses on mining… Source link

S&P 500 E-mini futures, meantime, are nursing a loss, indicating a lower opening for the benchmark stock index. The dollar index, which tracks the value of the greenback against major fiat currencies, is trading just short of the 12-month high of 94.50 reached Thursday. Source link

Check out what’s clicking on FoxBusiness.com. Bitcoin was trading 4.05% higher on Friday morning. The price was just above $45,000 per coin, while rivals Ethereum and Dogecoin were trading around $3,119 (+4.59%) and 20.6 cents (+2.61%) per coin, respectively, according to Coindesk. ELON MUSK SAYS CRYPTOCURRENCY REGULATORS SHOULD ‘DO NOTHING’ AND ‘LET IT FLY’ During a two-hour meeting Thursday with members of the House Financial Services Committee, U.S. Federal Reserve Chairman Jerome… Source link

An advertisement for bitcoin and cryptocurrencies. Photo: Reuters Cryptocurrencies were broadly higher on Friday morning, ending a volatile week on a high note, as Venezuela’s government-backed digital currency kicks into gear and the US Federal Reserve chair said he has no intentions of banning crypto. Bitcoin (BTC-USD) was up roughly 3% to trade at $44,537 (£33,108) while Ethereum (ETH-USD) the world’s second largest crypto by market cap was up 2.3% to trade at $3,074. Venezuela had… Source link

Litecoin price over the monthly chart is trying to rebound after witnessing a sharp decline from the higher levels.  Presently, the crypto asset is trading below all major or vital moving averages of 20, 50, 100 and 200-day lines, with average volume action. The pair of LTC/BTC is trading at 0.003535 BTC with 24-hour gains of +1.84%, and the ratio of LTC/ETH is CMP at 0.05138 ETH with an intraday increment +2.93%.    tradingview Litecoin price at the monthly chart is heading towards the… Source link

Ethereum Ethereum rallied by 5.29% on Thursday. Following a 1.59% gain on Wednesday, Ethereum ended the down by 12.53% to $3,000.46. A mixed start to the day saw Ethereum fall to an early morning intraday low $2,836.21 before making a move. Steering clear of the first major support level at $2,771, Ethereum rallied to a late afternoon intraday high $3,048.58. Ethereum broke through the first major resistance level at $2,940 and the second major resistance level at $3,030. A late pullback,… Source link

Is ethereum the future of the internet? Interest in the ethereum blockchain has soared over the past year, as developers have turned to it to create a wave of decentralised finance projects, known as DeFi, and unique digital tokens called NFTs. The rise of new applications like these — among the first running on a public blockchain — have already created what supporters claim is a powerful network effect, as increasing activity brings more and more developers to ethereum. That could… Source link