CryptoCorner Bitcoin may be poised to move higher, but it won’t be a meteoric rise, and any increase will be well below the cryptocurrency’s all-time high. The world’s leading crypto by market cap has rebounded and traded in a narrow range after falling as much as 50% from its record high last month. However, Bitcoin mining activity suggests a move above $40,000 is possible. “Several on-chain and network indicators have reflected a bullish skew over the week, albeit most being relatively… Source link

A common critique of Bitcoin (CRYPTO:BTC) is that it is outdated technology in the fast-moving world of cryptocurrency and it will eventually be replaced by something better. There are different versions of this theory, with some saying another decentralized cryptocurrency will overtake bitcoin as the best crypto money and others saying bitcoin will eventually be made obsolete by central bank digital currencies (CBDCs). Let’s focus on the former… Source link

Ethereum (CRYPTO:ETH) has been making waves in the crypto world, rivaling Bitcoin (CRYPTO:BTC) as one of the most popular cryptocurrencies. It’s also experienced explosive growth, with its price increasing by more than 1,000% over the past 12 months. While crypto prices have plummeted over the past few weeks, that doesn’t necessarily mean it’s a bad time to buy. In fact, downturns can provide a great opportunity to invest when prices are lower…. Source link

Share Tweet Share Share Share Email The bitcoiners are coming, the bitcoiners are coming! To Miami, that is, as the Sunshine State’s largest city gets set to host what is projected to be the largest gathering of cryptocurrency enthusiasts the world has ever seen.   An estimated 50,000 people are expected to participate in an in-depth, two-day… Source link

The month of May was filled with a couple of new all-time highs for Ether, during which time it crossed the psychologically important USD 3,000 and USD 4,000 thresholds within days of each rally. After some profit-taking, now it is on the comeback trail and traders are predicting a continued upward momentum if the Ether price indeed reaches the latest target, including a possible “retest” of USD 3,650. Some attention from the mainstream financial media has not hurt. DeFi Pop Ethereum has… Source link

Though market Indicators suggest limited upsides towards $40,000 price levels as resistance remains strong, amid reports that some leading multinational banks have plans on issuing Crypto brokerage services to their high-net-worth clients coupled with Google recently lifting a ban on Crypto ads. It’s important to observe the Crypto-verse is still having some anxious moments with many investors’ minds wondering if the brief bearish market trend will resume on the account of the record… Source link

Ethereum Ethereum rose by 2.74% on Wednesday. Reversing a 2.71% fall from Tuesday, Ethereum ended the day at $2,706.64. A mixed start to the day saw Ethereum fall to an early morning intraday low $2,552.28 before making a move. Steering clear of the first major support level at $2,525, Ethereum rallied to a late afternoon intraday high $2,803.00. Ethereum broke through the 38.2% FIB of $2,740 and the first major resistance level at $2,746. A late pullback, however, saw Ethereum fall back through… Source link

The cryptocurrency market is still recovering from last month’s volatile correction. Bitcoin (BTC) was up about 4% over the past 24 hours as of press time and was holding support above $35,000. Technicals suggest limited upside towards $40,000 and $45,000 as resistance remains strong.  Bitcoin (BTC) trading around $37,800 as of 21:00 UTC (4 p.m. ET). Gaining 4.25% over the previous 24 hours. Bitcoin’s 24-hour range: $35,805.21-$38,214.79 (CoinDesk 20) Ether (ETH) trading around $2,756 as… Source link

Almost two weeks ago, see here, I showed Ethereum (ETH), was according to the Elliott Wave Principle (EWP) in “[red] wave-v of [black] major wave-c of blue Primary-IV,” which “should ideally target between $1445-1850.” ETH bottomed on May 23rd at $1736. Right smack in the middle of my ideal (black) target zone. See Figure 1 below. It has since rallied and is now trading at $2750s—a 58% rise. Figure 1. ETH daily EWP count and technical indicators. Long-term upside potential outweighs… Source link

Almost two weeks ago, see here, I showed Ethereum (ETH), was according to the Elliott Wave Principle (EWP) in “[red] wave-v of [black] major wave-c of blue Primary-IV,” which “should ideally target between $1445-1850.” ETH bottomed on May 23rd at $1736. Right smack in the middle of my ideal (black) target zone. See Figure 1 below. It has since rallied and is now trading at $2750s—a 58% rise. Figure 1. ETH daily EWP count and technical indicators. Long-term upside potential… Source link