Ethereum jumped by 10.12% on Tuesday. Following on from a 4.62% rally on Monday, Ethereum ended the day at $1,513.67. A mixed start to the day saw Ethereum fall to an early morning intraday low $1,360.27 before making a move. Steering clear of the first major support level at $1,305, Ethereum rallied to a late intraday high and a new swing high $1,549.00. Ethereum broke through the first major resistance level at $1,411 and the second major resistance level at $1,448. Coming up short of… Source link

Bitcoin reversed several days of sideways trading to head higher, ether broke $1,500 for the first time and DeFi’s ecosystem has a record amount of value locked in dollar terms. Bitcoin (BTC) trading around $35,824 as of 21:00 UTC (4 p.m. ET). Gaining 6% over the previous 24 hours. Bitcoin’s 24-hour range: $33,459-$35,824 (CoinDesk 20) BTC above the 10-hour but below the 50-hour moving average on the hourly chart, a sideways signal for market technicians. Bitcoin trading on Bitstamp since… Source link

Source: Adobe/puhimec Litecoin (LTC) MimbleWimble (MW) initial code may be finished by the end of March, with the activation to follow necessary audits and reviews, according to David Burkett, the developer of Grin++, a Grin wallet with a built-in full node. “I’m wrapping up the code, but we also have auditors reviewing it and making suggestions. I have no idea how long that will take, or how large of changes they will suggest,” Burkett, who’s actively working on the LTC MW, told… Source link

The price of Ether (ETH), the native cryptocurrency of the Ethereum blockchain network, achieved a new all-time high of $1,500 today. Data suggests that the ETH options market showed dominant call activity, and this may be a primary factor in the rally to a new high. Across major exchanges, the price of ETH surpassed $1,500 after the options market showed dominant call activity. In the options market, there are two types of contracts: puts and calls. Puts are sell orders, and calls are buy… Source link

After marking a new $1,477 high on Jan. 24, Ether’s (ETH) price was shaken down to $1,206 on Jan. 27. But according to derivatives markets, bulls remain confident that $2,000 is still within reach. The neutral-to-bearish put options open interest above $1,360 is irrelevant, and only 2,540 ETH options, equivalent to $3.4 million in open interest, is above that price level. That being said, more than 99.5% of the put options open interest will become worthless if ETH trades at $1,360 or above.

Happy Groundhog Day. Bitcoin is ticking up, though still rangebound. XRP continues to bleed after a semi-successful orchestrated pump. Exchange tokens are seemingly benefiting from GameStop-style gamesmanship.  Three stories 1. IBM Blockchain has reportedly missed its revenue goals by a wide margin two years running. The legendary computing giant’s enterprise blockchain unit has atrophied to approximately 10% of its peak size, according to anonymous sources close to the matter. Expectations… Source link

Monero and Zcash have been trading inside massive uptrends since March 2020. Both cryptocurrencies have just defended crucial support levels and aim to resume uptrends. In the past week, privacy coins have been underperforming in comparison to others. Monero price had a massive 50% spike at the beginning of 2021 but plummeted shortly after hitting a low of $121.8 on January 22. Zcash, on the other hand, had an even stronger pump of 122% and continues to trade 70%… Source link

Bitcoin (BTC) was higher for a second day, pushing toward the upper end of the range between roughly $30,000 and $36,000 where it has traded for the past couple weeks. Ether (ETH), the second-biggest cryptocurrency, rose toward a new record, potentially fueled by fresh interest in the blockchain’s decentralized trading systems amid widespread dismay over the retail-investing platform Robinhood’s handling of the GameStop saga. (See Token Watch, below.)   XRP (XRP), whose prices had  Source link

Bitcoin’s on-chain metrics are painting a bullish picture after weeks of consolidation. The top cryptocurrency hit a peak price of $41,962 on Jan. 8 and has mostly traded the range of $29,000–$40,000 since then, according to CoinDesk 20 data. However, demand continues to outstrip supply amid the price lull. “In 2021 so far, around 26,000 BTC have been mined. Meanwhile, the Grayscale Investment Trust has acquired over 40,000 BTC in the same period,” Glassnode said in its weekly… Source link

After the pandemic hit, PayPal CEO Dan Schulman (left) seized on digital cash to speed e-commerce transactions. MicroStrategy CEO Michael Saylor filled his company’s treasury with Bitcoin as a bet against devaluation of the dollar. The move made him a billionaire.  Up 300% in 2020, Bitcoin is suddenly getting respect in the C-suite. Here’s how PayPal, Square and the 48 other big companies on Forbes’ third annual Blockchain 50 are outpacing their competition using Bitcoin and the… Source link