A popular crypto analyst thinks both Bitcoin (BTC) and Ethereum (ETH) could capitalize on their recent momentum and move even higher. The pseudonymous crypto trader known as Altcoin Sherpa tells his 182,800 Twitter followers that Bitcoin could soon surge by another 8% if it reaches $21,700. “Squeeze came. $21,000ish hit. I think it’s best to take profit if you bought yesterday/last few days. this is an area of resistance and 200 exponential moving average on the 4-hour… Source link

European Central Bank president says Bitcoin is worth nothing. Many users will turn to privacy coins when CBDCs become mainstream. In a recent statement, Christine Lagarde (the head of the European Central Bank, ECB) commented on Bitcoin, saying it’s worth nothing. She says it’s going to zero. “In my humble assessment, Bitcoin is worth nothing; it has no basis. There is no underlying asset to… Source link

Ethereum Foundation on Friday announced the shutdown of the Ethereum Merge testnet Kiln during the week of September 12. Moreover, Ropsten and Rinkeby testnets will also deprecate and shut down after the Merge in Q4 2022 and Q3 2023, respectively. As per Ethereum co-founder Vitalik Buterin, the Merge is estimated to happen between September 13-15. Ethereum Foundation Announces Kiln Testnet Shutdown Ethereum Foundation in an official announcement on September 9 said the Kiln testnet… Source link

Bitcoin (BTC) sought to overturn August resistance on Sep. 10 as whale buy-levels dictated BTC price action. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Whales provide short-term price ceiling Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting new multi-week highs of $21,671 on Bitstamp. The pair capitalized on a short squeeze which began early on Sep. 9, taking it around 10% higher after plumbing the lowest levels since the end of June. Analyzing the… Source link

The Ethereum [ETH] Merge expectations remain high especially now that D-day is less than two weeks away. The same cannot be said for ETH’s demand that has been heavily affected by macro factors especially in the first week of September. Nonetheless, the demand for ETH achieved a swift recovery in the last three days as the tides shifted. ETH, along with most of the top cryptocurrencies, appeared to be headed downward earlier in the week as sentiments dampened. Instead, the… Source link

Litecoin price hovers just below a descending trend channel established in February 2022. Litecoin price shows fewer transactions amidst the current uptrend move than the previous decline. A breach above the $64 level could be the catalyst  to a rally targeting the 2000-week moving aveage at $100, Litecoin price could make a run for the 200-week moving average at $100. Still traders should wait for more confirmation or be subject to a smart money trap. Litecoin… Source link

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Almost ten days into September, market volume in bitcoin has started rising, as traders return to action following the summer break. As volume returns, so does volatility, with this week showing both high levels of bullish and bearish sentiment in the token. Looking forward to the remainder of the month, the main question is undoubtedly whether either of these can prevail, or will price consolidation continue for another month. Current Market Status Last Friday saw the release of… 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

The correlation between Bitcoin (BTC) and stock markets has been unusually high since mid-March, meaning the two asset classes have presented near-identical directional movement. This data might explain why the 10% rally above $21,000 is being dismissed by most traders, especially considering S&P 500 futures gained 4% in two days. However, Bitcoin trading activity and the derivatives market strongly support the recent gains. Curiously, the current Bitcoin rally happened a day after the White… Source link