Arman Shirinyan Unfortunately for Ethereum holds, on-chain data shows that assets still remain under pressure Following Independence Day in the U.S. on July 4th, traders have pushed the price of the second biggest cryptocurrency on the market to local highs, reaching $1,120. Unfortunately, with the price of Ether going back up, we are seeing disturbing on-chain data appearing on the market. According to Ethereum’s supply on exchanges, we are seeing an intensification of inflows on… Source link

A day after the U.S Independence day, Bitcoin (BTC), the largest cryptocurrency by market capitalization, is up 5% over the past 24 hours and is currently trading at around $20,107, according to data from CoinMarketCap. Ethereum (ETH), the second-largest cryptocurrency, has gained 9% in the last 24 hours and is changing hands for around $1,148. The global cryptocurrency market capitalization is up 5.3% to $910.9 billion in the last 24 hours, suggests data from CoinMarketCap. [BITCOIN PRICE]

So-called “market tourists” are fleeing from Bitcoin (BTC), leaving only long-term investors holding and transacting in the top cryptocurrency, according to blockchain analytics firm Glassnode. In its July 4 Week Onchain report, Glassnode analysts said June saw Bitcoin have one of its worst-performing months in 11 years, with a loss of 37.9%. It added activity on the Bitcoin network is at levels concurrent with the deepest part of the bear market in 2018 and 2019, writing: “The Bitcoin… Source link

Ether rose even more in Monday trading along with several other major altcoins as investors seemed more receptive to risk. The second largest cryptocurrency by market cap, was changing hands at more than $1,150, a nearly 8% gain over the previous day. Among other major cryptos, SOL and SAND jumped more than 9% and 8%, respectively. Source link

Ethereum has continued to enjoy a fair share of dominance among the altcoins. That goes for miners as well. Ether miners in 2021 earned over $3 billion more than their Bitcoin counterparts. However, the positive narrative around ETH miners took a major blow this year. Are miners out? Well, the first thing is the much-anticipated Merge. The Merge would force Ethereum’s $19 billion mining industry to find a new home. This would shift Ethereum’s consensus mechanism from… Source link

Ethereum active addresses have continued to decline. This follows the market crash where the price of Ethereum had dropped to below $1,000 before staging another recovery. This decline has shown various implications for the digital asset and also points towards how investors could be feeling towards the digital asset. Activity Falls To 2020 Lows Data from the Block shows that the active addresses on the Ethereum network on a seven-day basis are down. These active addresses had hit a new… Source link

Key Insights: Bitcoin’s price saw a close to 56% drop in the second quarter of 2022. The global crypto market cap and most of the top crypto assets saw significant pullbacks and rangebound trajectories over the last three months. Largely stagnant futures and options markets and low trading volumes have been a bear market constant. A long and cold winter in the crypto bear market has left participants looking at price charts to seek relief in patterns. Top crypto assets – bitcoin (BTC) and Source link

Why being an early buyer of the Solana price is unnecessary Solana price is one of the charts to consider observing from an academic standpoint but is still unfavorable for trading in the short term. It is quite uncertain where the SOL price wants to go next.  Why lower gas fees is super bullish for the Ethereum price Ethereum price shows subtle signals that a bull rally could be underway. On July 4, 2022, the bulls are fighting neck and teeth to hold ground amidst… Source link

News Home Monday, July 04, 2022 02:55 PM | InvestorsObserver Analysts InvestorsObserver gives Litecoin an average long-term technical score of 59 from its… Source link

Ethereum price shows historically low gas fees. ETH price shows a bounce at a critical Fibonacci level. Invalidation of the uptrend is a breach below $878.  Ethereum price could make a run for the 200-week moving average at $1,200 and then some. Here are the factors to keep in mind. Ethereum price could start pumping Ethereum price shows subtle signals that a bull rally could be underway. On July 4, 2022, the bulls are fighting neck and teeth to hold ground… Source link