The scale of Bitcoin’s (BTC) ongoing downside correction might not be as alarming as it was in 2018, indicates data shared by Glassnode. The blockchain analytics firm reported that investors who have held Bitcoin for more than one year showed a lesser interest in liquidating their investments versus those who held the digital asset for three to six months. Its dataset covered the period of Bitcoin’s correction from around $65,000 on April 14 to around $44,000 on Monday. Bitcoin spent… Source link

Check out what’s clicking on FoxBusiness.com. Bitcoin is slightly lower Monday morning, trading slightly above the $43,000 level. The price was hovering about $43,715 per coin early Monday, while rivals Ethereum and Dogecoin were trading around $2,940 and 24 cents per coin, respectively, according to Coindesk. Bitcoin reached its highest point in almost three months Saturday before paring back some of the weekend’s gains. BIDEN SPURNS POWERFUL DEM ON CRYPTOCURRENCY REGULATION IN… Source link

Bitcoin (BTC) is delighting bulls as it heads into a new week after closing a weekly candle in which it gained another $4,000 — can it hold? After spending much of the previous seven days hitting but then descending from local highs, sentiment was mixed going into the weekend. In the event, Saturday and Sunday turned out to be just what bulls had been waiting for, with Bitcoin passing multiple resistance lines and going on to top $45,000. With a sense that there is everything to play for,… Source link

Ethereum Ethereum slid by 4.71% on Sunday. Partially reversing a 9.34% rally from Saturday, Ethereum ended the week up by 17.95% to $3,014.13. A mixed start to the day saw Ethereum rise to a mid-morning intraday high $3,191.99 before hitting reverse. Falling short of the first major resistance level at $3,269, Ethereum slid to a late intraday low $2,948.76. Ethereum fell through the first major support level at $2,962 before returning to $3,000 levels. At the time of writing, Ethereum was down by… Source link

Bitcoin closed above $45,000, for the first time since May 19, and this milestone pumped the altcoins too. BTC’s next resistance is at $48,000,  whereas, Ethereum eyed a move towards $3500. Conversely, Litecoin failed to mimic its larger counterparts as it noted a minor decline in prices. Bitcoin (BTC) BTC/USD, TradingView BTC traded at $45,312 after closing above an important resistance level of $42,000. The next is resistance  at $48,000. The 4-hour chart of BTC pointed towards… Source link

@serkhitrovSergei Khitrov Entrepreneur, Listing.Help Agency Founder and CEO The famous EIP-1559, one of the most anticipated updates for Ethereum and the entire cryptocurrency industry in 2021, is finally set to roll out on August 4. This update should change the fee structure of each transaction, making those fees less volatile while reducing the amount of ETH in circulation. EIP-1559 is Ethereum’s most significant update, which is part of the London Hard Fork, proposed on block 12965000. Its… Source link

Ethereum began as a spark in the eye of co-founder Vitalik Buterin’s back in 2013. That’s when he released the whitepaper for the project, though the Ethereum network wouldn’t see the light of day until 2015. In between, there was the Ether sale in 2014, which is when early buyers could scoop up some of the now second-biggest cryptocurrency using bitcoin. Back then, Ether fueled the Ethereum network as a payment method for transactions on the network, and years later it stills serves… Source link

Bitcoin (BTC) reached its highest level in more than two months with just a few days remaining before the July inflation report. The top cryptocurrency climbed 1.65% to $45,363 on Aug.8, continuing the upside momentum that has already seen it jumping 21.62% from its August 5 low of $37,300. BTC/USD daily chart. Source: TradingView.com Momentum was strong among the Bitcoin rivals as well. Ether (ETH), the second-largest crypto by market cap, increased 29.78% from its Aug. 3 low of $2,630, Source link

Bitcoin accumulation patterns continue to point to the fact that the recent rally might not be ending anytime soon. Investors have continued to hoard assets as the volume of bitcoins sent to exchanges to be sold off or traded falls below the accumulation rate. Outflows from exchanges have continued to exceed inflows into exchanges. Signaling accumulation patterns rather than sell patterns. Related Reading | On-Chain Expert Predicts $162K Bitcoin Peak This Cycle Wednesday saw the price of… Source link