Ethereum started a consolidation phase above the $1,300 level against the US Dollar. ETH could start a fresh increase if there is a clear move above $1,350. Ethereum recovered above $1,300 and started a consolidation phase. The price is now trading above $1,310 and the 100 hourly simple moving average. There is a key declining channel forming with resistance near $1,340 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase… Source link

Monero price has been bullish despite the broader market trends. Over the last 24 hours, XMR has continued moving up on its chart. It gained close to 4%. In the past week, Monero price gained significantly as there was a 9% appreciation on the altcoin’s chart. The technical outlook for the coin was bullish on the one-day chart. Monero has experienced low buying pressure over the past few days. The technical indicator now displayed that buying strength was… Source link

When an anonymous person posted on a message board last week, claiming to have broken into Optus’ servers and extracted a huge haul of personal information, they asked for a million dollars to make the problem go away. Specifically, they asked for a million dollars worth of the cryptocurrency monero. For many this may have been the first time they’d heard of monero, the favourite digital coin of the nefarious denizens of the internet. That’s because monero, launched in 2014, is a… Source link

Litecoin (LTC) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Digital Money has increased 1.14% to $53.91. InvestorsObserver is giving Litecoin a 28 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin! Moderately Volatile InvestorsObserver gives Litecoin a moderate volatility rank of 28, placing it in the bottom 28% of… Source link

XRP price has validated the bullish trade idea published at FXStreet just a few days prior. After a deep correction early this morning near the $0.45 levels, the bulls stepped back into the market in an applaudable fashion. XRP price has, at the current time, rallied 18% in the last 24 hours.  Litecoin has been stuck between the same support and resistance levels for three months, oscillating between $65 and $46.5. According to price indicators, Litecoin is… Source link

Arman Shirinyan Bitcoin facing mild recovery but still moving in sharp downtrend The cryptocurrency market is once again showing a mild recovery by the end of the week as its capitalization saw a $30 billion inflow in the last 24 hours. The main reason, however, is purely technical as no signs of a fundamental reversal appeared in the space previously. Monero and Solana on the run Both XMR and SOL have unexpectedly entered the top of the most profitable assets on the market in the last… Source link

Litecoin has been stuck between the same support and resistance levels for three months, oscillating between $65 and $46.5. According to price indicators, Litecoin is witnessing a bullish squeeze release, which could propel it towards the 23.6% Fibonacci level. The lack of recovery has led to over 78% of all Litecoin investors witnessing losses on their holdings. Litecoin might not be the flagbearer of the crypto market like Bitcoin or the constant center of… Source link

One hundred and eleven days have passed since Bitcoin (BTC) posted a close above $25,000 and this led some investors to feel less sure that the asset had found a confirmed bottom. At the moment, global financial markets remain uneasy due to the increased tension in Ukraine after this week’s Nord Stream gas pipeline incident.  The Bank of England’s emergency intervention in government bond markets on Sept. 28 also shed some light on how extremely fragile fund managers and financial… Source link

Ethereum won the spotlight with the Merge, which cut the crypto’s energy use and carbon footprint more than expected by 99.99%. The second-largest cryptocurrency – Ethereum – recently eliminated its energy consumption overnight by shifting to a new “proof of stake” blockchain system called the Merge. Designed to drastically cut down the network’s overall energy use, the upgrade has indeed done just that. Initial estimates of energy consumption reduction is about 99.95%. But the… Source link

Bitcoin’s global electricity usage Using network hash rate data from January 2016 through December 2021 and data on mining equipment power consumption and efficiency5,30, Fig. 1 presents global electricity usage of mining BTC and prices per coin. On the basis of these estimates, in 2020 BTC mining used 75.4 TWh yr−1 of electricity, which is more energy than used by Austria (69.9 TWh yr−1 in 2020) or Portugal (48.4 TWh yr−1 in 2020)31. There is a general upward time trend in BTC… Source link