Ethereum is still far ahead in market share as it hosts 69% of DeFi applications and has a total value lock of $135.05bn. Photo: Mateusz Slodkowski/SOPA Images/Sipa USA In mid-October, the Binance Smart Chain (BSC) received a cash injection of $1bn (£725.5m) to encourage widespread engagement by both users and developers. This billion-dollar adoption drive has placed pressure on competing crypto networks, particularly Ethereum, the world’s largest and most established blockchain for… Source link

The price of Ethereum (ETH) has bounced to a new all time high (ATH) today as it hit $4,400.97 at around 1:02 am UTC, according to the ETH/USD price indexs on Coinbase and Coinmarketcap. At the time of writing, ETH is currently priced at $4,380, with the asset surging around 46.6% since the start of October. Coinmarketcap’s price index indicates that the previous ATH was only eight days ago, with the asset reaching a price of $4,308.48 on Oct. 21. ETH has been on a bullish tear since… Source link

The Litecoin price has recovered most of Wednesday’s losses and trying to establish a base above the 200-day moving average. Litecoin (LTC) is trading at $192.89 (+1.57), up 25.85% in October and around 55% year-to-date. There is currently 68.85 million LTC in circulation, with a total value of $13.25 billion, ranking Litecoin the 18th most valuable cryptocurrency. Litecoin, like other payment-focused cryptos such as Stellar Lumens (XLM) and Ripple (XRP), has… Source link

Bitcoin rose toward $61,000 on Thursday, albeit within a choppy trading range. Analysts have mixed views about the short-term direction of BTC’s price, which is up about 2% over the past 24 hours. On Wednesday, El Salvadorian President Nayib Bukele tweeted that his government had “bought the dip,” adding an additional 420 BTC to the treasury, the equivalent of around $25 million. That purchase was one reason behind today’s price bounce. Bitcoin’s price has whipsawed over the past… Source link

“Some believe what is happening is a quick balancing process and preparation before the push for new highs, while others think it’s the beginning of a broader correction that will take BTC to $45K-$50K,” FxPro analyst Alex Kuptsikevich, wrote in an email to CoinDesk. Kuptsikevich also mentioned that technical price indicators are retreating from overbought levels, which could lower the odds of a sustained correction. Source link

Ether (ETH) has gained 950% in 2021 and from the look of things, the altcoin has no intention of stopping. This can also be seen in the ultra-optimistic bets for October’s $1.25 billion options expiry. However, this phenomenon is not exclusive to Ether bulls. The right to acquire Ether at a fixed price in the future does not come at a cheap price. On Sep. 4, the $5,000 call option for Oct. monthly expiry was trading at ETH 0.082 which is equivalent to $320. Unfortunately, for the bulls,… Source link

Bitcoin. Sean Gladwell Sean Gladwell Crypto miners hanging onto their bitcoin are creating “supply shocks,” Kraken said in a blog Thursday. The supply shocks are helping to boost bitcoin prices even further. The trend indicates bitcoin’s bull run may have farther to go, Kraken said. Crypto miners are stockpiling bitcoin, driving a supply shock and setting the world’s most popular cryptocurrency up for further gains. In a report from Kraken, the crypto exchange said that… Source link

The sentiment in the cryptocurrency market turned positive during October as Bitcoin broke above the previous all-time high of $65,000. But, yesterday we saw a quick selloff on the market, as traders booked profit and closed some of the long positions in many cryptocurrencies which sent the market on a flash crash, with Bitcoin tumbling below $60,000 and Ethereum below $4,000. Fantom H4 Chart Price Analysis Fantom also went through a flash crash, which set it back from almost $3.47 to $2.50,… Source link

Bitcoin (BTC) investors will resist selling their coins for a lot longer and the bull run will continue, new analysis argues.  In a Twitter debate on Oct. 28, data analyst Mitch Klee delivered fresh evidence that the current bull run is only 50% complete. RHODL demands more upside Using the Realized HODL Ratio (RHODL) indicator, created by popular analyst Philip Swift, Klee showed that Bitcoin is still far from the classic top signals it gave at the height of previous bull markets. RHODL is… Source link

Ethereum Ethereum slid by 5.04% on Wednesday. Following a 2.12% decline on Tuesday, Ethereum ended the day at $3,923.94. A bullish start saw Ethereum rise to an early morning intraday high $4,314.63 before hitting reverse. Ethereum broke through the first major resistance level at $4,249 before sliding to a late morning intraday low $3,940.00. The sell-off saw Ethereum fall through the first major support level at $4,061 and the second major support level at $3,991. Steering clear of sub-$3,900… Source link