In brief The cryptocurrency market is up nearly 11% over the last 24 hours. Bitcoin has popped 15% during the span and is back above $43,000, while Ethereum is flirting with a move back to $3,000. This morning’s rise in prices across the cryptocurrency market wasn’t a short-lived blip: the price of Bitcoin, Ethereum, and other top coins has continued to accelerate over the course of the day, with Bitcoin rising above $43,000 and Ethereum eyeing a move back towards $3,000. As of this… Source link

Litecoin (CRYPTO: LTC) is trading higher Monday and looks to be bouncing off support in a sideways channel. The crypto has been in a steady downward trend for the past few months, but could be turning around if the support level can hold. Litecoin was up 6.28% at $109.52 at time of publication. Related: After Trading Lower, Will Litecoin Get Its Groove Back? Litecoin Daily Chart Analysis Litecoin looks to be bouncing off the $100 support level, as it has a few times in the… Source link

Throughout the previous year, Ethereum‘s rising gas fee was among the biggest concerns of the cryptocurrency industry. Well, especially due to Ethereum’s major role in DeFi and NFTs. The rising gas fees had inadvertently led to more congestion. Hence, higher transaction time and costs. Ethereum’s development team has been breaking necks over fixing these issues. However, the gas fee appears to be regressing of late. Source: bitinfocharts In fact, Ethereum’s average network fee hit a… Source link

“I’m asking all major crypto exchanges to block addresses of Russian users,” Mykhailo Fedorov, vice prime minister of Ukraine and minister of the country’s digital transformation, tweeted on Sunday. “It’s crucial to freeze not only the addresses linked to Russian and Belarusian politicians, but also to sabotage ordinary users.” Source link

Whenever Bitcoin (BTC) fails to break through important resistance levels, traders gain confidence and add to their altcoin positions. The logic is that, unless BTC drops significantly, these movements historically provide decent rewards for those shifting their portfolios toward higher risk. Bitcoin/USD at FTX. Source: TradingView In the past seven days, the aggregate market capitalization performance of the cryptocurrency market showed a modest 3% increase to $1.78 trillion. This number is… Source link

What is the Ethereum Name Service? Crypto addresses are long strings of numbers and letters designed to be read by computers. These long addresses have led to confusion and even loss of funds.  The Ethereum Name Service, or ENS, is a distributed technology based on the Ethereum blockchain that provides an elegant solution to long and confusing crypto addresses: one URL, just like a website name or email, that represents a crypto address. … Source link

After climbing to a price of more than $41,000 on Monday, Bitcoin’s market capitalization has surpassed that of the Russian ruble.  According to data from CoinMarketCap, the market cap of Bitcoin (BTC) surged to roughly $780 billion on Monday amid the price rising to $41,391, a 5.7% increase over the last 24 hours. BTC’s market capitalization exceeds the money supply of the Russian ruble, which according to the Central Bank of Russia, was 65.3 trillion rubles as of Feb. 1 — roughly… Source link

What happened Top cryptocurrencies Bitcoin ( BTC 11.11% ), Ethereum ( ETH 8.45% ), and Dogecoin ( DOGE 5.21% ) each rocketed higher in late-morning trading, making up all of this morning’s losses, and then some. As of 11:30 a.m. ET, these three tokens have surged 5.3%, 1.7%, and 1.5% higher. This surge negates earlier intraday declines of 4.8%, 6.7%, and 3.8%, respectively. This impressive crypto turnaround followed the movements seen in most stock indexes,… Source link

New York, NY, Feb. 28, 2022 (GLOBE NEWSWIRE) — Till very recently, the idea of earning 100% ROI in crypto mining was too good to believe. However, over the last few months, many mining enthusiasts have managed to achieve this feat by using ultra powerful ASIC mining rigs from BITMANU. Crypto mining has always been a preferred investment option for many. However, making guaranteed profits in quick time hasn’t been easy because of the rising level of mining difficulty. BITMANU has… Source link

Ethereum price is retesting the $2,160 to $2,567 demand zone after tagging it twice over the last week. A bounce here is necessary for ETH to retest the 50-day SMA at $2,863, which is the first major hurdle.   Litecoin price is experiencing a pullback after it experienced a quick run-up. The price action prior to the minor rally plays a crucial role in identifying trend reversals; currently, it hints at a bullish outlook for LTC.   Bitcoin (BTC) is… Source link