Ethereum price has come close to retesting the $1,731 support floor. A bounce off this barrier could trigger ETH to rally at least 16%. If sellers produce a four-hour candlestick close below $1,701, it will invalidate the bullish thesis. Ethereum price has been on a downtrend for roughly four days and is currently approaching a support level. The price action over the last ten days suggests the possibility of a reversal pattern that forecasts gains for ETH.

Arthur Hayes, the Former CEO of Bitmex, harped on the potential of Ethereum registering $10,000 in value by the end of 2022. But, he reiterates that the market could be turbulent, especially in the middle of the year. More so, Hayes also expressed his opinion regarding the downfall of Terra, which is the direct result of the increase in the rates of the Federal Reserve and the liquidity crises that pushed the stablecoin price to crash. Suggested Reading | Johnny… Source link

Bloomberg Green Climate change is the defining story of our time. Bloomberg Green brings you the news, science, and data to understand it in full. Every week, Bloomberg’s Kailey Leinz speaks to thought leaders and innovators, while our reporters around the globe bring you the stories of a changing planet. Issues, data, solutions, — this is Bloomberg Green. Source link

The emergence of forty-year high inflation readings and the increasingly dire-looking global economy has prompted many financial analysts to recommend investing in gold to protect against volatility and a possible decline in the value of the United States dollar.  For years, crypto traders have referred to Bitcoin (BTC) as “digital gold,” but is it actually a better investment than gold? Let’s take a look at some of the conventional arguments investors cite when praising gold as an… Source link

The end of the first week in June brought more pain to global financial markets as the tech-heavy Nasdaq composite closed the day on June 3 down 2.3%, while the S&P 500 shed 1.4% of its value.  The cryptocurrency market hasn’t faired any better and data from Cointelegraph Markets Pro and TradingView shows that an early morning attempt to push Bitcoin (BTC) above $30,000 was hit with a wave of selling that dropped it to a daily low of $29,286. BTC/USDT 1-day chart. Source:… Source link

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Nature/iStock via Getty Images Bitcoin (BTC-USD) was supposed to revolutionize the financial world and the way we use currency. Alongside other cryptocurrencies, it was promised as a more-secure, anonymized, efficient blockchain payment for the modern world. In reality, Bitcoin has failed to deliver on hardly any of its supposed goals/benefits, faces more competitors than ever, and lacks any intrinsic value to back up its worth. Lacks Stability Bitcoin’s price chart for the past five years… Source link

Arman Shirinyan ApeCoin DAO believes there is no need to migrate to new chain Contents Community does not think so Issues with migration The offering of ApeCoin was a complete disaster for the Ethereum network, which experienced massive issues with network congestion after a flurry of transactions appeared on the network, causing a more than tenfold spike in transaction fees. Later on, developers of APE made a migration proposal. Community does not think so As the voting suggests, the… Source link

Former Monero lead maintainer, Riccardo Spagni, faces over 370 counts of fraud, forgery, and uttering. The charges against the developer stem from fraudulent activities he allegedly committed when he was still employed by Cape Cookies. Fluffypony Pleads Not Guilty The so-called crypto mogul and former Monero lead developer, Riccardo Spagni, has been charged with 378 counts of fraud by the South African government, a report has said. The charges follow allegations that Spagni… Source link

The announcement follows a difficult few months for the digital assets industry in India, despite the country’s growing appetite for cryptocurrencies. In April, Indians began paying a 30% capital gains tax on crypto transactions after Parliament passed a controversial tax law. The legislation, which the industry vehemently opposed, will also require crypto investors in the country to pay a 1% tax deducted at source (TDS), as well as taxes on crypto gifts, with no ability to take deductions… Source link