Ethereum’s native token, Ether (ETH), looks poised to log a major price rally versus its top rival, Bitcoin (BTC), in the days leading toward early 2023. Ether has a 61% chance of breaking out versus Bitcoin The bullish cues emerge primarily from a classic technical setup dubbed the “cup-and-handle” pattern. It forms when the price undergoes a U-shaped recovery (cup) followed by a slight downward shift (handle) — all while maintaining a common resistance level (neckline). Traditional analysts… Source link

Fourteen years ago on Halloween, the idea of bitcoin was hatched and since then, the world of cryptocurrency has taken off, most recently experiencing a meteoric rise and fall in the last year. To mark the white paper that started it all, Yahoo Finance is kicking off its first episode in a series on crypto that hits the basics of what this newer technology is and how its assets have swept into finance. Whether you’re a staunch believer like Jack Dorsey and sometimes Elon Musk or longtime… Source link

A $250 surprise rally took place between Oct. 25 and Oct. 26, pushing the price of Ether (ETH) from $1,345 to $1,595. The movement caused $570 million in liquidations in Ether’s bearish bets at derivatives exchanges, which was the largest event in more than 12 months. Ether’s price also rallied above the $1,600 level, which was the highest price seen since Sept. 15. Let’s explore whether this 27% rally over the past 10 days reflects any signs of a trend change. Ether/USD 4-hour price… Source link

Ethereum has been dominating the crypto market since the rally began. The digital asset had outperformed even bitcoin during this time, which saw a higher drive in its price compared to its larger counterparts. Even now, this outperformance continues to wax stronger. However, as the month of October draws to a close, the question becomes if Ethereum would be able to maintain on this part, and indicators are pointing in the affirmative. Ethereum Dominates Crypto… Source link

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing Source link

Happy white paper day, Bitcoin. It’s been 14 years since Satoshi Nakamoto first sent an email to the Cypherpunk mailing list with the subject line, “Bitcoin P2P e-cash Paper.” The email included a link to the white paper, an outline of what would soon become a one trillion-dollar market.  The first sentence of the email has become iconic among the Bitcoin community: “I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party.” Over… Source link

Ethereum was trading above $1,600 on Monday, as markets prepared for the latest U.S. Federal Reserve policy meeting. The Fed is expected to hike rates by 75 basis points this week, as inflation remains at historical highs. Bitcoin also rebounded, hovering marginally below $21,000 in today’s session. Bitcoin Bitcoin (BTC) remained closer to $21,000 on Monday, as markets rebounded from yesterday’s sell-off. Following Sunday’s low of $20,461.72, BTC/USD surged to an intraday peak… Source link

“Spot prices DO INDEED look constructively bullish … but that said, Q4-22 doesn’t resemble the Q4-20 environment, where buying call exposure was the right move to make,” Gregoire Magadini, CEO of Genesis Volatility, said in a weekly newsletter. “[build] Tactial long but don’t ape into unhedged calls.” Source link

Litecoin price analysis shows a bearish trend for today. The bears have taken over the price charts once again and have reduced the price level to 56.11, as market sentiment is bearish towards LTC/USD. Selling pressure came in at the start of today’s trading session, but the trend remained undetermined during the first four hours, and after that, bears outplayed the bulls. Litecoin price analysis 1-day price chart: Bearish swing lowers the price to $56.11 boundary The 1-day price chart… Source link

There are a few technological advancements that changed the world forever. One of those is the invention of cryptocurrency. If you had told us 20 years ago that there will be a virtual currency that can be used digitally to make transactions, we probably wouldn’t have believed you. Now however, the use of cryptocurrency doesn’t so much as garner a wide eye. The crypto journey began with one soldier – Bitcoin. But thanks to the genius minds, that family has grown… Source link