Yesterday, with the announcement of the inflation rate in the United States, the market experienced a sharp decline. Ethereum briefly dropped by $103, but the bulls held the price above $1,000. Technical Analysis By Grizzly The Daily Chart ETH trades above the descending line (in yellow) on the daily timeframe. The RSI 14D index has not been able to break above the dynamic resistance (in blue), which was rejected by the baseline showing the weakness of bulls in the market…. Source link

Bitcoin (BTC) avoided losses as United States equities dived on the July 14 Wall Street open, but traders remained nervous. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: “No way” Bitcoin bottomed at $17,500 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it lingered around $20,000 on the day. Wall Street opened with losses, the S&P 500 and Nasdaq Composite Index both down around 1.8% at the time of writing. Bitcoin nonetheless managed to hold its own… Source link

Text size Bitcoin prices remain down in the dumps after the crypto’s worst quarter since 2011, a year in which it broke $1 for the first time. Martin Bureau/AFP via Getty Images … Source link

Bitcoin briefly broke back into the $20,000 region on Thursday, following a volatile day of trading. Volatility in crypto markets came as data released showed that inflation in the United States had risen to its highest level in over four decades. ETH also briefly rose above $1,100. Bitcoin BTC was marginally higher on Thursday, as prices rallied following a turbulent 24 hours of trading, which saw prices fall below $19,000. Following this drop, the world’s largest crypto token… Source link

When Bitcoin first launched in January 2009, it was effectively valueless.  In fact, it took two years for Bitcoin to reach $1. It took many subsequent years for the cryptocurrency to popularize the concept of blockchain assets, paving the way for other types of blockchain networks. The most important alternative to Bitcoin is Ethereum. Only, it’s not really an alternative but an entirely different proposition. Unlike Bitcoin, which is designed to be a form digital money,… Source link

Text size Bitcoin prices remain down in the dumps after the crypto’s worst quarter since 2011, a year in which it broke $1 for the first time. Martin Bureau/AFP via Getty Images … Source link

The Monero blockchain platform needs users to validate its transactions. That’s the responsibility of miners. They play a pivotal role in ensuring duplicates are avoided and Monero transactions are validated. But Monero mining is an expensive activity if users opt for buying their own equipment. A more affordable alternative is doing it on mining platforms. Users can start immediately and only risk their initial deposit, as opposed to buying expensive equipment and spending a lot of time… Source link

A specific deadline for the transition to proof-of-stake has been been offered by Ethereum developers who are working on implementing the merging. Ethereum Merge Now Has A Date The Ethereum mainnet is now scheduled to launch the merging during the week of September 19, according to a recent developer teleconference. This will happen after switching the final testnet before the merge to PoS. The adoption of the transition has been delayed on a number of occasions. The crucial transition of… Source link

Ethereum’s price faces three hurdles on its path to recovering from the recent slump. Amid the increase in institutional inflow to Ethereum funds, experts believe the Merge is the key to improved sentiment. The next major support for Ethereum is near the $1,000 level; dropping below this could bring $965 into play. Ethereum (ETH) price wiped out its gains after news of the US CPI increase. The Federal Reserve released US inflation data and Ethereum price tumbled in response…. Source link

Ethereum [ETH], the largest altcoin, remained in a bearish zone as it stood below the $1,150 support zone, at press time. It suffered a fresh 2% correction as it traded closer to the $1,000 mark at the time of writing. ETH’s prices have been trading within a range for quite some time now. But are investors making a profit in the current market structure as the highly anticipated Merge draws closer? Whatever it takes ETH has witnessed an ‘improved’ sentiment in the past… Source link