Bullish cryptocurrency traders hoping that the market was on a path higher received a dose of reality on June 29 as the price of Bitcoin (BTC) dipped below $20,000 again during intraday trading.  Data from Cointelegraph Markets Pro and TradingView shows that the top cryptocurrency fell under pressure in the early trading hours on June 29 with bears managing to drop BTC to a daily low of $19,857 before price was bid back above the $20,000 mark. BTC/USDT 1-day chart. Source: TradingView Here’s… Source link

Source: Adobe/sorapop   The authors of a new report claim that Ethereum (ETH) is “ready” for use in the world of business – albeit with “some caveats.” The report was compiled by the Ethereum Enterprise Alliance (EEA) – a business-focused affiliate of the Ethereum Foundation. Its authors claimed that while the “pieces are in place” for “the safe and productive use of Ethereum as a business platform,” the… Source link

News Home Wednesday, June 29, 2022 02:06 PM | InvestorsObserver Analysts InvestorsObserver gives Litecoin an average long-term technical score of 51 from its… Source link

Security firm Trail of Bits posted a report on potential vulnerabilities that can allegedly affect the Bitcoin (BTC) and Ethereum (ETH) blockchain. Called “Are Blockchains Decentralized?”, the report was funded by the U.S. Department of Defense via its Defense Advanced Research Projects Agency (DARPA). Related Reading | Response From Tether CTO On Reports Of Shorting USDT By Hedge Funds The report is focused on Bitcoin and Ethereum but approaches other… Source link

Ethereum has returned to the red as it was rejected as a major area of resistance. The cryptocurrency is bleeding out and records the second-worst performance in the crypto top 10 by market capitalization with a 10% loss in the last 24 hours. Solana (SOL) holds the number one position with a 13% loss. Related Reading | TA: Ethereum Topside Bias Vulnerable If It Continues To Struggle Below $1.2K The general sentiment in the market seems to be at an all-time low, but there is room for it to… Source link

On June 25, Litecoin prices hit the $60 resistance level and failed to break to the upside. Another trial followed this in the early hours of June 26, when prices also failed to break to the upside. As the session progressed, a new bearish trend emerged, which saw the session close with a price loss of 3.8 per cent. Since then, Litecoin prices have continued to plummet, dropping by 13 per cent in the past three trading sessions. Today, the prices are down by a percentage point, continuing… Source link

Bitcoin fell below $20,000 during Wednesday’s session, as markets reacted to yesterday’s weaker-than-expected consumer confidence report. The expectation for economic growth also fell to a nine-year low. This resulted in ETH also dropping, with prices hitting a six-day low. Bitcoin The world’s largest cryptocurrency fell below $20,000 on hump day, as traders reacted to Tuesday’s consumer confidence report. Figures from the Conference Board showed that its index went from 103.2… Source link

Ethereum price sees long holders stuck in a bull trap. ETH price faces headwinds coming from  tailwinds that flaring up again at the US closing bell. Expect to see losses mounting up again with a possible retest of this year’s low. Ethereum (ETH) price is revealing a not-that bright picture for bulls this week, both from a technical perspective and because of ballooning tail risks. As bulls could not manage a close above a crucial technical hurdle, price action… Source link

Last week, Lido put forward a governance proposal to limit the amount of Ethereum that users can stake after facing criticism from the crypto community. “Who will be the first staking provider to publicly commit to limiting themselves to not operating more than 22% of validators on the chain?” tweeted Ethereum’s Beacon Chain community manager Superphiz. “Who do you want to see step up to the plate and prioritize beacon chain health above profits?” Lido is a liquid staking service, that lets… Source link

Miners spend an average of $15,000 to produce each coin, JPMorgan estimates. Dreamstime … Source link