Ethereum Ethereum rallied by 9.71% on Friday. Reversing a 2.05% loss from Thursday, Ethereum ended the day at $4,080.51. A bearish start to the day saw Ethereum fall to an early morning intraday low $3,695.00 before finding support. Steering clear of the first major support level at $3,482 Ethereum rallied to a late afternoon intraday high $4,177.77. Ethereum broke through the first major resistance level at $4,006 before briefly easing back to sub-$4,000 levels. A bullish end to the day,… Source link

Mimesis Capital: Inside The Event Horizon, Report #16 Bitcoin Versus Ethereum And Other Alts It’s been “alt season” for the past couple months. Bitcoin has remained situated around $50,000 while Dogecoin, Shiba Inu and Ethereum are soaring. While short-sighted gamblers like to make bets on the next big dog meme coin, it’s important to review the basics of why bitcoin has accrued value and compare bitcoin to other tokens. Bitcoin is the best monetary good. Why? It has specific credible… Source link

Two of the world’s most prominent billionaires, Tesla Inc.’s TSLA, +3.16% CEO Elon Musk and Jack Dorsey, are facing off over the merits of bitcoin, with the future of the world’s No. 1 crypto likely hanging in the balance. On Friday, Dorsey, a longtime bitcoin advocate and co-founder and CEO of Twitter TWTR, +3.23% and Square SQ, +5.44% tweeted that bitcoin changes everything “for the better,” and… Source link

Bloomberg Over 700 Barges Stuck in Mississippi River From Bridge Crack (Bloomberg) — A crack in a bridge over the Mississippi River has stranded more than 700 barges, cutting off the biggest route for U.S. agricultural exports when the critical waterway is at its busiest.The route is shut near Memphis while the Tennessee Department of Transportation inspects a large crack in a highway bridge spanning the river, according to the U.S. Coast Guard. A queue has expanded to 47 vessels and 771… Source link

Bitcoin has been portrayed as an alternative to the dollar and other currencies, but there’s no question that it and other virtual currencies are highly volatile. For traders and investors who believe bitcoin BTCUSD, +3.42% has already replaced gold GC00, +0.79% as a hedge against inflation and government mismanagement, Michael Wilkerson has a counterargument. More crypto news: Dogecoin is coming to crypto platform Coinbase in 2… Source link

Text size Vladyslav Yushynov/Dreamstime Coinbase Global, the leading U.S. cryptocurrency exchange, is highly dependent on Bitcoin. But Bitcoin is becoming a smaller overall part of the crypto-economy, and that could pose a problem for Coinbase. If other coins that aren’t supported by Coinbase… Source link

Cryptocurrency is a hot topic everywhere. It elicits passionate discussions from both sides of the aisle. Today we will discuss the opportunity that Ethereum (CCC:ETH-USD) has as a successful cryptocurrency. A concept image of mining an Ethereum (ETH) token. Source: Shutterstock There are extremes lovers of crypto and even more haters. And then there’s a giant mass of people who don’t want to even try and understand it. The concept is too foreign still. They are be apathetic about it, but… Source link

Should you buy Ethereum on the dip? Cryptocurrencies fell across the board yesterday after Tesla CEO Elon Musk raised environmental concerns about Bitcoin, the world’s biggest cryptocurrency. Ethereum, which is sometimes seen as silver to Bitcoin’s gold, initially fell about 9% on the news, though it recovered later in the day. According to figures on Coinmarketcap.com, the whole market was down yesterday due to fears that Musk had gone cold on cryptocurrency as a whole. Musk tweeted: “Tesla… Source link

Bitcoin (BTC) tanked on Wednesday, hitting multi-month lows near $46,000. Renewed fears of an early rate hike by the Federal Reserve, the recent dour mood in financial markets and Tesla’s decision to suspend bitcoin payments have all been blamed for the price slide.  But the downward move was likely aggravated by options market makers selling the cryptocurrency in the spot/futures market to hedge their books (offset bullish exposure), according to Fredrick Collins, a seasoned options… Source link

The number of Ethereum addresses that hold more than or equal to 32 Ether (ETH) has been declining, pointing at a possible lack of interest among traders and investors to become “full validators” for its upcoming proof-of-stake blockchain. At the same time, the price of ETH has rebounded back above $4,000 on Friday, while Bitcoin (BTC) tries to reclaim $51,000 following this week’s “Elon candle” plunge. Eth2 validators wanted? On-chain data analytics platform Glassnode revealed that… Source link