Filecoin fundamentals may make it plausible for the digital currency to sustain the 9th largest crypto ranking as the project seeks to offer a highly sustainable and secure decentralized storage system. Decentralized storage system Filecoin (FIL) is seeing the best of its days as its continuous growth has earned it a place as the 9th largest cryptocurrency by market capitalization. According to Coindesk, a major factor fueling the upsurge in the price of the asset is its addition to the… Source link

Ether’s (ETH) price has broken out for the first time in 23 days in its Bitcoin (BTC) pair. It follows a high-profile announcement from Visa to use USDC, a stablecoin based on the Ethereum blockchain. Although ETH/BTC saw a strong technical breakout, the uptrend has been fueled by firm fundamental catalysts, buoying the short-term bull case for ETH. Traders think Ethereum will outperform Bitcoin in April According to the pseudonymous trader known as “Rekt Capital,” Ethereum was close to… Source link

Bloomberg Biden Infrastructure Plan Targets Electric Cars, Clean Power (Bloomberg) — President Joe Biden is calling for sweeping investment in electric vehicles, renewable power and the electric grid as part of a broad blueprint to bolster the U.S. economy while combating climate change.The president’s plans, part of a $2.25 trillion infrastructure and stimulus blueprint he is set to unveil in Pittsburgh on Wednesday, are meant to catalyze investments in a clean energy economy and encourage… Source link

This article was written exclusively for Investing.com The crypto asset class offers many investment and trading options The higher the market cap, the greater the liquidity Monero: around since 2014 Solana provides an open infrastructure With over 9000 tokens, liquidity is critical for success As the two digital currencies with over 72% of the asset class’s market cap and get all of the press. Futures contracts for both have also helped increase their profiles. ETF products, when they… Source link

Ethereum Ethereum rallied by 4.29% on Wednesday. Following on from a 1.40% gain on Tuesday, Ethereum ended the day at $1,920.00. A mixed start to the day saw Ethereum fall to a late morning intraday low $1,771.94 before making a move. Ethereum fell through the first major support level at $1,798 before rallying to a late intraday high $1,948.00. The rally saw Ethereum break through the first major resistance level at $1,872 and the second major resistance level at $1,903. Coming up short of the… Source link

Gains in Bitcoin (BTC) appear faint in comparison with Ethereum (ETH) as the latter’s supply diminishes. What Happened: BTC traded 0.13% at $59,285.22 over 24 hours at press time while ETH was up 4.08% at $1,925.03.  Over a seven-day trailing period, ETH has surged 21.92%, while BTC has moved up 12.77%. CryptoQuant data indicates ETH reserves held in all wallets fell to 19.53 million as of March 31 as prices soared over $1,921. ETH Held In All Exchange Wallets — Data From CryptoQuant.com On… Source link

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A proposed modification of how Ethereum miners are being compensated will result in a profit … [+] decrease as high as 60%. Miners started to organise online forums to oppose the change, with minor effects so far. SOPA Images/LightRocket via Getty Images Lowering of increasing blockchain transaction fees, which could be as high as $60 USD per transaction, called ‘contract execution’ is currently a matter of concern for the Ethereum Foundation.   The proposed changes… Source link

LTC is facing pressure near $190 as bears look to extend the breakdown below the 20-day exponential moving average Litecoin price continues to trade near $190 as bulls target a breakout towards $200 and a possible rally to another multi-year high. The cryptocurrency looked to have picked an uptrend on 28 and 29 March, but buyers could not sustain the momentum above $200 as profit booking kicked in. While it looks like bears have plans heading into April, Litecoin’s price could benefit… Source link

Mary Rich, who is about to become the new global head of digital assets for Goldman Sach’s private wealth management division, said in an interview with CNBC Wednesday that Goldman will begin offering cryptocurrencies to investors sometime in the next three months. Goldman will announce Rich’s new position Wednesday, according to an internal company memo shared with CNN. “In this newly-created role, she will work closely with advisors to educate clients about blockchain technology and the… Source link