Ethereum – The Calm Before the Price Storm A crypto market flippening is imminent as demand for block space allocation grows. Ethereum’s supply is contracting with the network having burned a total of 109,000 tokens since implementing the EIP-1559 Ethereum’s price level rising above the $3,200 mark is a bullish indicator for additional price increases. The prominence of ICOs, DeFi, and NFTs has emphasized that Ethereum retains smart contract platform supremacy, while also showing… Source link

After a mixed week for the majors in the week ending 29th August, it’s been a bearish morning for Bitcoin and the broader crypto market. At the time of writing, Bitcoin, BTC to USD, was down by 2.25% to $47,702.0. A mixed morning saw Bitcoin rise to an early morning high $48,924.7 before hitting reverse. Falling short of the first major resistance level at $49,713, Bitcoin slid to a mid-morning low $47,644.0. Bitcoin fell through the first major support level at $47,823 before briefly… Source link

Bitcoin (BTC) may score a new all-time high in 2021, but the odds are that it won’t happen next month. Historical price data confirms that September tends to see BTC price losses — and its best-ever returns are still single figures. September 2021 looks like a classic for BTC As Bitcoin matures, it becomes more noticeable that BTC/USD behaves in similar ways during the same month each year. Q4 is the clear standout for top performance, especially in the year following a block subsidy… Source link

Rich crypto investors are turning their attention back to Bitcoin (BTC) as its price continues to eye a breakout move above $50,000. Crypto-focused newsletter Ecoinometrics reported positive changes in Bitcoin holdings for addresses controlling 1,000–10,000 BTC. So, based on their rising account balances throughout August, Ecoinometrics spotted a renewed accumulation sentiment among “whales,” hinting that wealthy investors consider the current Bitcoin price levels as attractive to place… Source link

For the past week, the Litecoin price has been hovering below the key resistance level at $190. The coin has a total market capitalization of $11.5 billion. LTC ranks as the world’s 15th largest cryptocurrency, after Bitcoin Cash. Crypto Market According to Coinmarketcap, Litecoin’s total volume traded in the last 24 hours has fallen 14.30% to $2.16 billion. This indicates that most large holders of the coin are exiting their trades. The coin has slipped… Source link

This article was written exclusively for Investing.com  Collapse in April and May Consolidation and recovery A move near the midpoints Three factors supporting cryptos in early September Higher highs by the end of 2021 Over the past years, the burgeoning cryptocurrency asset class has provided market participants with a wild and volatile ride. The ascent of over the past decade has given new meaning to the term bull market. , the second-leading cryptocurrency, has also been a bullish… Source link

Check out what’s clicking on FoxBusiness.com. Bitcoin was trading 0.60% lower on Monday morning with a price above $48,000. The price was around $48,204 per coin, while rivals Ethereum and Dogecoin were trading around $3,203 (-0.21%) and 28 cents (+0.46%) per coin, respectively, according to Coindesk. Hedge fund billionaire John Paulson, who made a fortune in 2008 when he shorted the housing bubble, said in an interview published Sunday that he believes cryptocurrencies will eventually… Source link

Bitcoin (BTC) is keeping everyone guessing this week as another Monday starts below $50,000. After rangebound movements over the weekend, bulls are still waiting for a decisive attack on the $50,000 mark — could it happen now? Despite optimism from analysts, it seems that not even an “uber dovish” Federal Reserve has the fuel to push BTC/USD above crucial resistance. Cointelegraph takes a look at five things which could still provide Bitcoin with new momentum. Dollar comedown as stocks set… Source link

Ethereum has weathered a bug that split the world’s most-used blockchain and opened up the risk of counterfeit Ether tokens. Outdated software last week caused the fork in the digital ledger, which is popular for blockchain-based financial services and transactions in online collectibles. Users minimized the damage by rapidly updating a key program and the deviant fork should wither, said Joseph Lubin, founder and CEO of Consensys Systems, and a co-founder of Ethereum.  Source link

Ethereum Ethereum fell by 0.66% on Sunday. Following a 0.83% decline on Saturday, Ethereum ended the week down by 0.46% to $3,226.46. A mixed start to the day saw Ethereum rise to an early morning intraday high $3,287.73 before hitting reverse. Coming up against the first major resistance level at $3,288, Ethereum slid to an early morning intraday low $3,153.75. The sell-off saw Ethereum fall through the first major support level at $3,210 and the second major support level at $3,172. Steering… Source link