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Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – It was another day of underwhelming activity in the crypto market as prices traded flat in the absence of any major developments, which is typical for crypto winters.  Data from TradingView shows that several attempts by bears to hammer the price of Bitcoin (BTC) below… Source link

U.S. Equities: The S&P 500, Dow Jones Industrial Average and the tech-heavy Nasdaq Composite all traded down slightly on Wednesday, at least partly because of the tepid ADP jobs figure. The DJIA, Nasdaq and S&P 500 fell 0.9%, 0.6% and 0.8% respectively. Source link

Ethereum’s native token, Ether (ETH), looks ready to grow stronger compared to the U.S. dollar and Bitcoin (BTC) in the days leading up to its proof-of-stake transition in September. ETH price chart bullish setup The bullish outlook emerges from classic technical indicators on ETH/USD and ETH/BTC charts. For instance, ETH/USD has been forming a “falling wedge” pattern with a profit target sitting around 30% above the current prices.  Meanwhile, the ETH/BTC chart is painting a potential “bull… Source link

The cryptocurrency landscape has changed dramatically over the past five years or so, and there are now over 34 million Americans who have had some experience trading their favorite digital coins. While novelty tokens gained a lot of attention in 2021, this year has seen a noticeable shift toward innovative cryptos like BudBlockz and co. As cryptos continue to transcend the digital space to provide real-world solutions, innovative tokens will dominate the arena. Here are three that could… Source link

Ethereum was hovering close to $1,600 during Wednesday’s session, as market volatility eased today. Following a turbulent week of trading, crypto markets mostly consolidated on hump-day, with the global market capitalization down 0.23% as of writing. Bitcoin’s price was mostly unchanged, as it remained above $20,000. Bitcoin Cryptocurrency markets consolidated on Wednesday, with bitcoin (BTC) largely unchanged from yesterday’s session. Following a high of $20,542.64 on Tuesday,… Source link

“So, of course, now we can come up with an engineering solution that would say, ‘well, stake at home,’” Köppelman explained. “But next, internet service providers could block traffic that’s related to [staking]. Again, you could come up with an engineering solution, but each time you lose a percentage of users. In the end, it becomes this kind of mammoth thing where three guys have a super engineered solution, but still, regulators and broader social consensus could try to force… Source link

Text size Bitcoin has been trading below its 200-week moving average since June. Ozan Kose/AFP via Getty Images … Source link

The Ethereum Merge is slated for Sept. 15, which will see the Ethereum blockchain move from its current proof-of-work (PoW) mining consensus to proof-of-stake (PoS). The Merge is being touted as one of the biggest upgrades for the Ethereum blockchain as it would help the network move to a more energy-efficient way of verifying transactions and eliminate PoW mining completely. With the Merge date approaching, Ether (ETH) miner’s balance has touched a new four-year high. According to Oklink… Source link

Bitcoin’s (BTC) price may climb by more than 50% in September, a month otherwise considered ominous for the cryptocurrency due to its poor historical returns.  BTC price double-bottom and then to $30K? The conflicting upside signal comes from a potential double-bottom pattern on Bitcoin’s longer-timeframe charts against the United States dollar. Double-bottoms are bullish reversal patterns that resemble the letter W due to two lows and a change in direction from downside to upside.