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Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) were trading flat on Tuesday afternoon, after each soared about 26% over the past six days. Some analysts attribute the sharp increases to a rise in the popularity and necessity of the decentralized crypto sector following harsh Russian sanctions that have left the traditional financial system, at least in Russia, exposed. From a charting perspective, after a months-long decline, both Bitcoin and Ethereum have developed… Source link

Early in February, investors and analysts were discussing the possibility of a cryptocurrency crash. However, today begins a new month and crypto prices are booming. Even after last week’s turbulence caused by the U.S. Federal Reserve and geopolitical uncertainty, many popular cryptos are now back in the green. One of the day’s winner is Litecoin (LTC-USD). Currently, the peer-to-peer altcoin is up 3%-plus for the day and more than 6% for the week. Although it continues to be… Source link

While the global crypto market poked above the $2 Trillion-mark, Algorand’s 20 EMA moved above its 50 EMA. But it faced a strong hurdle near the 23.6% Fibonacci level. Further, Cronos saw an ascending triangle breakout but struggled to topple its trendline resistance.  Interestingly, Litecoin formed a bullish pattern on its 4-hour chart while the bulls needed to defend the $111-mark to confirm its strength. Algorand (ALGO) Source: TradingView, ALGO/USD The January sell-off fueled the… Source link

The Ethereum protocol has reached another milestone as the number of Ethereum 2.0 validators has surpassed 300,000. At the time of writing, the Ethereum 2.0 contract has over 9.6 million ether deposited worth more than $28.4 billion. Ethereum Beacon Chain Validators Jump Past the 300,000 Mark For quite some time now, Ethereum (ETH) network participants have been preparing to transition from a proof-of-work (PoW) system to a protocol that solely relies on the proof-of-stake (PoS)… Source link

What happened It’s been a wild and wacky day in the crypto world. As of Tuesday morning, most cryptocurrencies were up for the trailing 24-hour period, with top tokens Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Dogecoin (CRYPTO:DOGE) each surging at some points by double-digit percentages. While those tokens have given up some of their gains, as of 11:15 a.m. ET, Bitcoin, Ether, and Dogecoin were still higher by 7%, 5.1%, and 3.8%,… Source link

Text size Dreamstime Russia’s invasion of Ukraine is pressuring global equities, pumping up oil prices, stoking… Source link

Ethereum’s (CRYPTO: ETH) price has increased 8.53% over the past 24 hours to $2,982.78. Over the past week, ETH has experienced an uptick of over 13.0%, moving from $2,641.83 to its current price. As it stands right now, the coin’s all-time high is $4,878.26. The chart below compares the price movement and volatility for Ethereum over the past 24 hours (left) to its price movement over the past week (right). The gray bands are bollinger bands, measuring the volatility… Source link

Image source: Getty Images Staking Ethereum is not the same as other cryptos. Key points Coinbase said Ethereum is the most-staked asset on its platform. Staking is a way to earn rewards on your crypto and contribute to the network’s security. Staking ETH means tying up your coins until Ethereum… Source link

As of 5:25 a.m. ET on Tuesday, bitcoin had jumped 13% over the last 24 hours to $43,163, according to cryptocurrency tracker CoinDesk. Other cryptocurrencies moved higher, too. Ethereum climbed 10% Tuesday to reach $2,878. Dogecoin rose nearly 6% to about 13 cents apiece. Virtual currencies are traditionally seen as a risky bet, but as conventional assets experience curbs or greater volatility because of geopolitical tensions, some analysts believe they will gain more traction. According to… Source link