Bitcoin and Ethereum Yuriko Nakao Ether overtook bitcoin in the number of active addresses on its network on Friday, a sign that demand is faltering for the world’s biggest cryptocurrency as its counterpart gains in stature. Data from Bitinfocharts shows ethereum in the lead with 757,859 active addresses, around 49,154 more than bitcoin, which has 708,705. The total number of active addresses on the bitcoin network has dropped 38% from its April peak of 1.1 million. Bitcoin active… Source link

The Ether price has fallen about 50% from its all-time high of USD 4K as it has taken investors on a roller coaster ride. Nonetheless, Ether is also up more than 11% in the last seven-day period alone. That volatility is sure to persist as the blockchain field gets more competitive, especially in the area of smart contracts. Ethereum, however, is still the leader in that realm and based on a few recent developments, its use cases appear to be on the rise. Much of the attention in the… Source link

Ethereum has stuttered in its pursuit of surging above the $2,300 level of resistance, subsequently falling back to the $2,000 level of support following a gruelling 11.64% sell-off over the past 48 hours. The world’s second largest cryptocurrency has now re-established itself in a bearish posture on both lower and higher time frames, with the potential of a major correction to below $1,000 still on the cards before the end of the year. Sunday’s weekly candle close beneath the 21… Source link

If you’re looking at opportunities in under-the-radar altcoins, Algorand (CCC:ALGO-USD) may be of interest. Algorand Source: Shutterstock It may be a relative newcomer to the world of crypto, but it’s accomplished quite a bit since its launch in 2019. It has secured hundreds of millions in funding for its development. Numerous third-parties now operate within its ecosystem. InvestorPlace – Stock Market News, Stock Advice & Trading Tips Sure, it’s still far away from starting to give Ethereum… Source link

The price of the world’s biggest cryptocurrency declined again on Friday. Photo: Liu Junfeng/Costfoto/Sipa USA Bitcoin (BTC-USD) looked set to register a weekly price decline, as the world’s biggest cryptocurrency lost value yet again on Friday morning. Bitcoin was down 1.4% against the dollar in early trade to reach $33,067 (£24,042). The early weakness raised the prospect of a third straight day of price declines for bitcoin, which is now below the $34,294 mark it started the week at. Other… Source link

Reuters Tesla top-of-range car caught fire while owner was driving, lawyer says A Tesla Inc Model S Plaid electric vehicle burst into flames on Tuesday while the owner was driving, just three days after the $129,900, top-of-the-range car was delivered following its June launch, an attorney for the driver told Reuters. The driver, identified as an “executive entrepreneur”, was initially not able to get out of the car because its electronic door system failed, prompting the driver to “use force… Source link

Ethereum Ethereum slid by 7.45% on Thursday. Reversing a 5.13% gain from Wednesday, Ethereum ended the day at $2,107.01. A mixed start to the day saw Ethereum rise to an early morning intraday high $2,277.44 before hitting reverse. Falling short of the first major resistance level at $2,347, Ethereum tumbled to an early afternoon intraday low $2,072.06. Ethereum fell through the first major support level at $2,148 before finding support. Steering clear of the second major support level at $2,019,… Source link

The number of addresses active on the Bitcoin network has crashed roughly 60% in the past six weeks from 1.3 million to roughly 500,000. The collapse in activity has seen Ethereum overtake Bitcoin by the number of active addresses, with the Ethereum network hosting roughly 200,000 more active wallets than Bitcoin on Friday. It is the third time in a month that Ethereum has overtaken Bitcoin by the metric, also happening on June 5, 2021, and June 6, 2021. The previous time Ethereum was in the… Source link

Ether’s (ETH) $1.5 billion monthly expiry on June 25 was slightly favorable for bears, and at the time, Cointelegraph reported that the $2,200 price was critical to eliminate 73% of the neutral-to-bearish put options.  However, bulls were not able to sustain their advantage because the expiry price was near $1,950. In the end, the protective put options outnumbered the neutral-to-bullish call options by $30 million. Fast forward to July, and after a noticeable 10% rally, Ether’s price again… Source link

Bitcoin dipped below $34,000 on Thursday as selling pressure increased into July. However, traders expect buyers to remain active above $30,000 support as sentiment improves.  Positive news could limit downside moves after a volatile first half of the year. Concerns about regulatory crackdowns appear to have eased, especially as the bitcoin hashrate stabilized after falling for 10 straight days. The hashrate decline was mostly due to China’s shutdown of several cryptocurrency mining… Source link