This is the technical analysis for Ethereum, Litecoin, and Ripple’s XRP. We will be looking at previous day price action and today’s support, resistance, and pivot levels and, when in play, the Fibonacci’s. Ethereum Ethereum rose by 3.02% on Wednesday. Reversing a 1.01% loss from Tuesday, Ethereum ended the day at $4,441. After a mixed start to the day, Ethereum fell to a mid-day intraday low $4,227 before making a move. Finding support at the first major support level at $4,236, Ethereum… Source link

The amount of computing power dedicated to churning out new units of bitcoin has jumped close to an all-time high as cryptocurrency miners shift their operations to new countries following a clampdown in China. The bitcoin hash-rate, a measure of how difficult it is to create new coins, has risen to 172m terahashes per second, the highest since May, according to data from Blockchain.com. The increase suggests digital “miners” are dedicating more computing resources to crack… Source link

Podcast host Natalie Brunell reacts to crypto CEOs testifying before lawmakers on ‘Making Money.’ Bitcoin was trading around the $50,000 level Thursday morning.   Cryptocurrencies were the focus on Capitol Hill on Wednesday at a House Financial Services Committee hearing. Leaders from major crypto exchanges, mining and other related businesses testified for four-and-a-half hours. The fast-growing industry understands more regulation is likely coming, but its representatives don’t want it… Source link

The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Today, we’re revisiting a useful on-chain metric, Liveliness, that tracks the accumulation and distribution behavior of HODLers. As a refresher, Liveliness is calculated as a ratio: the sum of all Coin Days Destroyed and the sum of all coin days ever created…. Source link

Litecoin is still undervalued than Bitcoin, though it tripled its value this year. It has an ATH of $412, but experts believe its current market value would be $1500. That is why it is in the news as an alternative to Ethereum and Bitcoin. The catalyst of increasing the Litecoin value is halving. Two halvings have been done till now. After 840,000 blocks are minded, the Bitcoin miners are rewarded with a halve. It is an inbuilt process of the algorithm and occurs every four years. The… Source link

Follow @crypto Twitter for the latest news. Bitcoin swung between gains and losses around the $50,000 price level as traders sought direction in the wake of one of the biggest one-day selloffs this year.  Source link

Top Privacy-Focused Crypto Projects Introducing Anonymity to Web 3.0 DApps Data privacy is a serious issue in the status quo. Privacy-focused crypto projects are emerging to solve the concern. Some of these projects include Partisia Blockchain, Safle, Zcash, Manta, PhotoChromic, and Monero. Data privacy is a serious concern in today’s internet consuming generation; most interactions and financial services have shifted to the digital ecosystem. This paradigm shift peaked at the onset… Source link

Ethereum ( ETH -0.18% ) and Solana ( SOL -0.84% ) are both making headlines in the world of cryptocurrency. They’re growing in leaps and bounds when it comes to hosting projects on their blockchains and attracting investors to their coins. But their stories are a bit different. Ethereum arrived early on the crypto scene — back in 2015. While Solana launched in 2020. Now, the question is which is the best buy today — the more established player or the new kid on the block? Image… Source link

The Monero price has rebounded in the past few days. XMR, its native token, is trading at $213, which is about 20% above the lowest level during the weekend. The coin is still about 60% below the highest level this year. Its total market capitalization has dropped to about $3.8 billion, making it the 46th biggest cryptocurrency in the world. Monero is one of the biggest privacy-focused cryptocurrencies in the world. It is beloved for its privacy features that make it impossible to track… Source link

This is the technical analysis for Ethereum, Litecoin, and Ripple’s XRP. We will be looking at previous day price action and today’s support, resistance, and pivot levels and, when in play, the Fibonacci’s. Ethereum Ethereum fell by 1.01% on Tuesday. Partially reversing a 3.59% gain from Monday, Ethereum ended the day at $4,310. A mixed start to the day saw Ethereum rise to a late morning intraday high $4,434 before hitting reverse. Falling well short of the first major resistance level… Source link