Ethereum is up by a whopping 16% in the past seven days alone as the bulls have pushed the price above $1200 and seek higher levels. The question is if this rally is sustainable or if we’re bound to go into another pullback. Technical Analysis By Grizzly The Daily Chart The following chart contains the daily 50 DMA (in yellow) and MACD (14, 30), marked in blue. During the last three attempts to initiate a rally, every time the MACD line broke the baseline, the histogram… Source link

Internet technologies are rapidly evolving, and people are taking advantage of them in full. Online entertainment, online payments, and online employment options are some of the things that Internet technologies have brought to our life. There is even a combo option for those who want to have fun and earn money at the same time. And this is something that online gambling offers. Many people bet on the Internet because it is a… Source link

In principle, MiCA offers a sweet deal to crypto companies – who, in exchange for jumping through the EU’s hoops, get to market their wares across the bloc, which is one of the biggest economies in the world. But there’s still some pretty major questions over exactly who will have to sign up to the new system, and whether stablecoin rules that are designed to avoid collapses like terraUSD’s (UST) might strangle the market all together. In particular, there’s a lot of confusion… Source link

Text size Cryptos are recovering after weeks of losses. Dreamstime Bitcoin led a… Source link

Bitcoin (BTC) may be down 70% from its November 2021 peak, but its rebound move in the past three weeks is raising the possibility of more upside in Q3. Bitcoin eyes 30% price rally At the core of the bullish argument is a technical pattern called the “Adam-and-Eve double bottom.” Notably, the structure appears when the price forms two bottom-and-recovery cycles. The first cycle, called “Adam,” features a pointed bottom while the other, called “Eve,” is round-shaped. Also, the peaks of both… Source link

Some ENS buyers treat the names as investments, purchasing popular and common names and selling them for a profit, research firm Delphi Digital said in a note this week. Last week, “000.eth” was sold for a record 300 ether, fueling interest in three-digit ENS names as “traders tried to capitalize on the hype,” Delphi Digital added. Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

After weeks of being in the red, Bitcoin and Ethereum are climbing. Bitcoin, the world’s top cryptocurrency by market cap, is $21,663, up roughly 10% in the past week and is up 6% on Thursday alone, per CoinMarketCap data. Similarly, Ethereum has also seen notable gains, up to $1,238 or 7% Thursday and 19% over the past seven-day period. The rest of the cryptocurrency market appears to be following suit, with Solana up 4%, Polkadot up 5%, Cardano up about 3%, and Dogecoin up 3.% in the… Source link

Monero [XMR] bulls are back but the ghost of the 2022 bear market is still lurking in the background. The current upside might thus, be a temporary bullish relief, in which case a retracement might be on the way. XMR traded at $122 at press time, which means it is up by roughly 31% from its 2022 low at $96.50. A sizable retracement might be inbound, considering its latest upside. Additionally, Fibonacci lines place the next potential retracement near the $142 price level.

The company mined 707 bitcoin during Q2 – that’s up 8% from Q2 one year ago, but down from 1,259 mined in Q1. At issue were “operational obstacles” including maintenance issues and a severe storm at the power-generating facility supplying the company’s Hardin, MT rigs, and continued delays in energization for nearly 30,000 installed miners in Texas. Source link