Ethereum is currently trading at $2,476 following an impressive 9.31% bounce from its weekend lows of $2,265. The world’s second largest cryptocurrency has mimicked the somewhat bullish path of Bitcoin, which is now taking on the psychological level of resistance at $40,000. However, in contrast to Bitcoin, Ethereum remains in a series of lower highs, signalling that the altcoin market is showing signs of weakness against its respective BTC trading pairs. In order for Ethereum to re-establish… Source link

We take you through the comparison of Bitcoin vs Litecoin. Cryptocurrencies are growing to be a daunting topic among people. Over the past few years, especially, since Bitcoin made its debut, the interest in the cryptocurrency market among the general public has dramatically increased. Although Bitcoin is still the stage stealer, many other cryptocurrencies including Litecoin are getting attention from it. The crypto investors are also moving slowly from Bitcoin to other possible… Source link

Ethereum Ethereum rallied by 5.83% on Sunday. Following a 0.70% gain from Saturday, Ethereum ended the week down by 7.40% to $2,510.23. A bearish start to the day saw Ethereum fall to an early morning intraday low $2,309.67 before making a move. Steering clear of the first major support level at $2,270, Ethereum rallied to a late intraday high $2,550.00. Ethereum broke through the first major resistance level at $2,463. Coming up against the second major resistance level at $2,554, however,… Source link

Ethereum continues to get fundamentally stronger in terms of becoming a decentralized financial layer and almost a quarter of the supply is now locked in smart contracts. Industry observer and ETHhub founder, Anthony Sassano, has noted that the amount of ETH locked into smart contracts is similar to that during the DAO event in mid-2016. “The amount of ETH in smart contracts is now at a similar level to what it was during The DAO event (around 23% of all ETH).” He added that at the time, it… Source link

Ten years ago, Sandra Ro was working in finance in London when some currency-trading friends told her about bitcoin. The cryptocurrency had been released only a couple of years previously and was still far from a global phenomenon. “Bitcoin was only really known in geeky tech circles and eventually currency traders in London found out about it around 2010,” says Ro. She invested in the cryptocurrency, made a substantial fortune and is now chief executive of the Global Blockchain… Source link

Topline As the cryptocurrency market’s weeks-long rut continues, Tesla’s billionaire CEO Elon Musk took to Twitter Sunday afternoon to refute claims that he engaged in a bitcoin pump-and-dump scheme earlier this year and said the electric-vehicle company would once again invest in the world’s largest cryptocurrency once its mining operations constitute a “reasonable” amount of clean energy usage. Elon Musk in March 2020. AFP via Getty Images Key Facts “This is not… Source link

Tesla TSLA chief executive Elon Musk may no longer be the bitcoin community’s favorite tech billionaire but he can still move the bitcoin price. Musk, who has alienated many in the bitcoin space over recent months with his tongue-in-cheek support of “joke” cryptocurrency dogecoin, sent the bitcoin price sharply higher on Sunday afternoon. Sign up now for Billy Bambrough CryptoCodex—a free, new, daily newsletter that gets you up to speed and ahead of the market. Arriving in your… Source link

Monero, the latest cryptocurrency, is claimed to have a great privacy feature that is not easily breached by any tracking tools. Aside from this, security experts claimed that it can allow the consumers as anonymous as they want to be.  (Photo : Photo by Jack Taylor/Getty Images)In this photo illustration of the ethereum, ripple and litecoin cryptocurrency ‘altcoins’ sit arranged for a photograph on April 25, 2018 in London, England. Cryptocurrency… 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. Show Support: It’s Not Too Late To Nominate Your Favorite… Source link

Ethereum Ethereum fell by 4.71% on Friday. Following on from a 5.35% decline on Thursday, Ethereum ended the day at $2,355.27. A mixed start to the day saw Ethereum rise to an early morning intraday high $2,499.34 before hitting reverse. Falling short of the first major resistance level at $2,588, Ethereum slid to a late intraday low $2,322.16. The reversal saw Ethereum fall through the first major support level at $2,392 before steadying to end the day at $2,350 levels. At the time of writing,… Source link