Bitcoin (BTC) reclaimed and held $20,000 into Oct. 6 as the latest rebound punished short speculators. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin preserves “important” $19,600 zone Data from Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing from local lows of $19,740 on Bitstamp around the Oct. 5 Wall Street open. The pair then reversed prior losses, leading early shorters into $20 million in liquidations in 24 hours. BTC liquidiations chart (screenshot)…. Source link

Image by Peter Patel from Pixabay Environmental Aspect of Cryptocurrencies: Ethereum vs Monero The climate and energy debate gets more heated every year. So do the criticisms of energy-intensive cryptocurrencies. The Bitcoin network uses more energy than some countries like Argentina (with a population of 45 million). A single BTC transaction emits 300kg of carbon dioxide.   So, for those with environmental concerns, do any other… Source link

Gamza Khanzadaev Ex-Ripple top developer shares controversial opinion on Bitcoin Contents Bitcoin-oriented aspirations Bitcoin’s share of total cap In explaining the difference between Bitcoin and other cryptocurrencies, Matt Hamilton, former director of development at Ripple, approached the answer from a nonstandard angle. Thus, the developer stated that the main difference is that Bitcoin revolutionized and proved the concept of artificial digital scarcity, but now other… Source link

Ethereum is showing positive signs above the $1,350 resistance zone against the US Dollar. ETH could gain bullish momentum if there is a clear move above the $1,400 resistance. Ethereum is gaining pace and recently traded above the $1,375 level. The price is now trading above $1,350 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,355 on the hourly chart of ETH/USD (data feed via Kraken). The… Source link

Blockchain Generated $200M In The Third Quarter Ethereum revenue “fell off a cliff” in the third quarter of 2022, squeezing staking yields in the process, according to a recent report from crypto research firm Messari. Ethereum generated almost 137,000 ETH in transaction fees, also known as “gas fees,” between July and October, down from a million-plus in the first three months of the year. The drop was most pronounced between the second and third quarters, with fees dropping 74%. Source link

LTC price shows bullish momentum on the Relative Strength Index. The volume profile indicator shows bears are not actively shorting. Invalidation of the bullish thesis is a breach below $50.81. Litecoin price could rise in the coming days. Key levels have been identified. Litecoin price might rally Litecoin price could take the cryptocurrency market by surprise as a bullish retaliation may unfold in the coming days. Litecoin, the digital silver akin to… Source link

Bitcoin Suisse has added support for Polkadot protocol governance on its proprietary, hyper-secure cold storage solution, the Bitcoin Suisse Vault. Polkadot’s governance process is the most sophisticated governance system in the blockchain ecosystem, incorporating knowledge from many fields to enable stakeholders to vote on both community proposals and upgrades to the network. With an easy-to-use proxy account setup from the Bitcoin Suisse Vault interface, clients who hold DOT, KSM and CFG… Source link

Bitcoin [BTC] is back above $20,000 once again but this time there is a notable lack of enthusiasm about it. This is because the cryptocurrency had been bouncing back and forth between the $17,000 to $22,000 range. The king coin has been shuffling within the same range for the last few weeks. BTC whales played a significant role in enabling the range by buying near the range bottom and selling near the range top. However, there are some recent observations that strengthen the… Source link

On Oct. 4 and 5, Bitcoin (BTC) took another step through the $20,000 mark, bringing the price above a long-term descending trendline that stretches all the way back to April 22 or Nov. 15, depending on one’s style of technical analysis. Some traders might be feeling a bit celebratory now that the price trades outside of the descending trendline, but have any relevant metrics or macro factors changed enough to support a bullish point of view for Bitcoin price? In reality, BTC price simply… Source link

The most recent Litecoin price analysis shows a bearish trend for the cryptocurrency as the bears have been at the winning edge for the last 24 hours. Although a strong bullish wave was controlling the price trend in the previous day, today’s trend proved relatively in support of the sellers. The LTC/USD value currently sits at $54.10, and a further decrease in coin value can be expected if the bears remain consistent. Cryptocurrency has decreased by 1.11% in the last 24 hours, and a… Source link