Today Ether (ETH) price briefly touched $4,760, exciting investors and reminding the world that the altcoin is a mere 2.2% below the $4,870 all-time high reached 20 days ago. While the spot price action might be intriguing, let’s see what’s happening in Ether’s derivatives markets. Ether ETH/USD price at Bitstamp. Source: TradingView While it is possible to draw a descending channel that shows support at $3,960, today’s 5.4% positive move seems decoupled from Bitcoin’s (BTC) negative… Source link

“As BTC is looking good to close November below the expected target of $60,000, investors are optimistic that the cryptocurrency will repeat its historic trend of ending the year on a stellar bullish note,” Nikita Rudenia, co-founder of asset management firm 8848 Invest, wrote in an email to CoinDesk. Rudenia has a $70,000 BTC price target by the end of this year. Source link

The chart below shows how on-chain users have grown alongside new Coinbase accounts, signaling users are genuinely interested in interacting with applications on Ethereum. Cheaper alternatives to the Ethereum mainnet, or live version, have gained even more traction, with Polygon flipping mainnet in active users for a single day early in October. Additionally, Arbitrum has onboarded 275,000 users looking for cheaper blockchain interactions. Source link

What happened It’s party on in the crypto world today. Investors in most digital currencies are seeing tremendous interest resume, following a rather bearish week last week among most major cryptocurrencies. As of 10 a.m. ET, Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Dogecoin (CRYPTO:DOGE) surged 2.3%, 8.5%, and 3%, respectively. These gains today have wiped out most of the losses seen in the crypto segment from last Friday’s… Source link

Dressed in pristine white in front of an audience of investors and foreign visitors, El Salvador’s president, Nayib Bukele, recently announced plans to create an oceanside “Bitcoin City” at the base of a volcano. Bukele said his new urban center was inspired by the legendary cities built by Alexander the Great — except El Salvador’s would be fueled by cryptocurrency. “This is not just a nice idea. It’s the evolution of humankind,” Bukele told the audience amid a display of lights,… Source link

Source: Adobe/alswartThe first atomic swap between monero (XMR) and ethereum (ETH) has occurred on Ethereum Layer 2 solution Arbitrum, according to data by Arbitrum blockchain explorer Arbiscan and Monero explorer. Elizabeth Binks, a software engineer at blockchain R&D firm ChainSafe Systems, and contributors have completed the “XMR<->ETH atomic swap project“, marking their first XMR and ETH atomic swap. Atomic swaps, also referred… Source link

Ethereum price continues to consolidate after recording a new all-time high but is preparing to take off. There are three major reasons why ETH supply is quickly decreasing, which could propel prices higher. The governing technical pattern suggests that Ethereum is aiming to tag $6,300 next. Ethereum price has been consolidating after the second-largest cryptocurrency registered a new all-time high on November 10. Although ETH has been moving sideways, a few… Source link

What happened The price of Bitcoin (CRYPTO:BTC) was going up on Monday, as some big-name investors “bought the dip” over the weekend. As of 4 p.m. ET, Bitcoin was up 6% over the previous 24 hours, according to CoinDesk. And as is often the case, other popular cryptocurrencies like Ethereum (CRYPTO:ETH) and Dogecoin (CRYPTO:DOGE) were trading higher as well, up 7% and 8% respectively. Bitcoin buyers over the weekend included a technology company… Source link

Popular crypto strategist and trader Michaël van de Poppe is looking at two altcoins that he says are potentially flashing reversal signals. In a new strategy session, Van de Poppe tells his 149,000 YouTube subscribers that Litecoin could be forming a bullish higher-low setup against Bitcoin (LTC/BTC) at 0.0033 BTC or $190.38. “Even Litecoin might be a great one at this point as we are seeking for a higher low to be taking place. And when we go back in history and we create… Source link

Some analysts expect volatility to eventually rise next year, especially as the correlation between bitcoin and the S&P 500 remains elevated. For now, pullbacks in assets deemed to be risky, such as cryptocurrencies and stocks, appear to be limited given strong seasonal trends. Source link