‘If we compare today to the April highs, we can say with absolute certainty that the hype has left the market,’ said one analyst. Cryptocurrencies were recovering slowly but steadily from an earlier sell-off but are once again down on Wednesday, with bitcoin’s price quite a distance from its all-time high of $63,000 (£45,552) in April. Bitcoin (BTC-USD) fell 0.7%, trading at $34,891 on Wednesday morning. “If we compare today to the April highs, we can say with absolute certainty that the… Source link

Ethereum Ethereum rose by 3.94% on Tuesday. Following on from a 4.99% gain on Monday, Ethereum ended the day at $2,166.18. A mixed start to the day saw Ethereum fall to an early morning intraday low $2,074.53 before making a move. Steering clear of the first major support level at $1,980, Ethereum rallied to a late afternoon intraday high $2,247.03. Ethereum broke through the first major resistance level at $2,166 to end the day at $2,166 levels. The second major resistance level at $2,248 had… Source link

Bitcoin traded higher on Tuesday, rising about 6% over the past 24 hours. Cryptocurrencies are in relief mode as selling pressure from May stabilizes in a tight range between $30,000 and $40,000. Traders are watching for signs of capitulation as bitcoin appears to be oversold and shorts unwind positions. Crypto markets have been resilient despite regulatory crackdowns in China and the U.K. On Monday, Reuters reported that several companies have abandoned their efforts to register with the… Source link

Ethereum has shot up in value in recent months and this has seen more investors scramble to buy ETH. The growth of the second-largest cryptocurrency has been attributed to the soaring popularity of decentralized finance (DeFi) and non-fungible tokens (NFTs). At press time, Ethereum is trading at $2,013 and is up by 8.33% in the last 24 hours according to CoinMarketCap. This article explores Ethereum and whether or not it’s a good time for investors to buy ETH. Ethereum: Birthplace of… Source link

Ethereum Ethereum rose by 4.99% on Monday. Following an 8.51% rally on Sunday, Ethereum ended the day at $2,083.79. A mixed start to the day saw Ethereum fall to an early morning intraday low $1,957.24 before making a move. Steering clear of the first major support level at $1,866, Ethereum rallied to a late intraday high $2,143.67. Ethereum broke through the first major resistance level at $2,046 and the second major resistance level at $2,108 before easing back. A late pullback saw Ethereum… Source link

Ethereum transaction fees have dropped to their lowest since December because blockchain activity has cooled while use of Ethereum layer 2 solution protocols such as Polygon (MATIC) has heated, according to blockchain data and analysts. As of June 27, the average transaction fee on the Ethereum blockchain was $4.42, according to data from Coin Metrics. That’s down from fee levels above $60 as recently as mid-May. Gas refers to the computational efforts required to execute specific… Source link

What is your first thought when you hear the word “cryptocurrency”? We bet Bitcoin immediately pops up. But with the rapid success of this cryptocurrency, many other cryptocurrencies, called altcoins, began to appear on the market. One of the most outstanding altcoins today is Ethereum. With a full-fledged launch in 2016 today this cryptocurrency ranks second in the world. Its capitalization in 2021 is $30.5 billion, which is six times more than that of Bitcoin. Despite the fact that… Source link

BackyardProduction / iStock.com Cryptocurrencies have skyrocketed in popularity recently and this trend shows no signs of slowing. Given all the talk around these digital assets, you might be wondering whether now is the time to invest. But before pulling the trigger, it’s always a good idea to have an understanding of the underlying asset. Cryptocurrency is no exception and it is quite different than investing in stocks or bonds. Find Out: Where Does Cryptocurrency Come From?Binance Coin… Source link

Ether (ETH) prices reclaimed $2,000 on Monday, increasing expectations that the latest rebound would serve as a cue for further upside moves based on bullish fundamental and technical outlooks. The world’s second-largest cryptocurrency by market capitalization surged up to 4.96% to $2,083 ahead of the London opening bell. Its gains appeared as a part of an overall upside correction that started late Saturday. At that time, bids for ETH/USD had fallen to as low as $1,717.41. On Sunday, the… Source link

Ethereum Ethereum rallied by 8.51% on Sunday. Following a 1.11% gain on Saturday, Ethereum ended the week down by 11.51% to $1,984.71. A mixed start to the day saw Ethereum rise to an early morning high $1,892.78 before hitting reverse. Ethereum broke through the first major resistance level at $1,882 before sliding to a late intraday low $1,807.89. Steering clear of the first major support level at $1,747, however, Ethereum surged to a final hour intraday high $1,988.62. Ethereum broke back… Source link