Monthly Archives: October 2022

Bitcoin hits new 6-week high as Ethereum liquidates $240M more shorts

Bitcoin hits new 6-week high as Ethereum liquidates 0M more shorts

Bitcoin (BTC) attempted to retake $21,000 on Oct. 29 as weekend trading began on a strong footing. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar lurks as BTC price rebounds Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it rebounded overnight to local highs of $21,078 on Bitstamp — enough to clinch new six-week highs. The pair had seen a consolidatory phase ensue after its first trip to the $21,000 mark, the first time it had traded above $21,000… Source link

Read More »

What Does Apple’s Controversial NFT Policy Mean for Ethereum and Solana?

The good news is that Apple (AAPL 7.55%) is now supporting non-fungible tokens (NFTs) in its App Store. Given Apple’s massive influence in the tech world, this would seem to signal the future mass-market adoption of NFTs. The bad news is that Apple’s new NFT rules are potentially so restrictive and onerous that there has already been blowback in the crypto community. Since Ethereum (ETH 3.84%) and Solana (SOL 2.07%) are the two top crypto players in the NFT world, it’s clear that Apple’s… Source link

Read More »

A truly decentralized cryptocurrency like Monero and Pancakeswap

ANI | Updated: Oct 29, 2022 14:41 IST New Delhi [India], October 29 (ANI/ATK): Rocketize is a memecoin created by a team of passionate developers and crypto enthusiasts.Unlike Dogecoin, Rocketize is not a joke or a mockery of crypto but an emerging memecoin aiming for the top spot.The project and token are primarily owned by its community of investors and crypto enthusiasts,… Source link

Read More »

The Merge brings down Ethereum’s network power consumption by over 99.9%

The Merge brings down Ethereum’s network power consumption by over 99.9%

The Merge, which is considered one of the most significant blockchain upgrades on Ethereum to date, brought down the network’s energy consumption by 99.9% immediately. On Sept. 15, the Ethereum blockchain migrated from proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism in an effort to transition into a green blockchain. What followed was an immediate and steep drop in total energy consumption of the Ethereum network. The Ethereum Energy Consumption Index…. Source link

Read More »

Litecoin price analysis: LTC retests $55.32, ready to continue higher?

Litecoin price analysis shows that the LTC/USD pair is currently in a bullish trend. The pair has formed higher highs and higher lows, indicating that the bulls control the market. The price is now facing resistance at the $0.02342 level. If the bulls can break this resistance, they will likely target the $55.58 resistance level, While support for the pair is at $53.74, which is the previous low, a break below this level could signal a bearish trend reversal. The LTC/USD pair is currently… Source link

Read More »

Bitcoin Price and Ethereum Prediction – Breakout This Level Could Pump BTC by 10% Today

Bitcoin Price and Ethereum Prediction – Breakout This Level Could Pump BTC by 10% Today

The Bitcoin price is trading bearish near $20,600 during the Asian session, having bounced off the $20,000 support level. Similarly, Ethereum has gained over 4% to $1,585 and is heading north toward the 78.6% Fibonacci retracement level. Early on October 29, major cryptocurrencies were trading in the green, as the global crypto market cap surpassed $1 trillion, up from $979.72 billion the day before. DeFi’s total volume was… Source link

Read More »

Ethereum Undervaluation is Great News for Investors

It is important to be security-aware when navigating the crypto ecosystem. Choosing projects with security verification, such as Dash 2 Trade, Calvaria, IMPT, and Tamadoge. Scams, rug-pulling, and other illegal activities are bad side effects of the fact that the internet economy works anonymously and with little interference. So, it’s important to know how to spot red flags in some projects and which projects to avoid in general. This article tells you about popular… Source link

Read More »

Why Bitcoin (BTC) Could Not Surpass Litecoin (LTC) In This Area

Bitcoin is slowly losing its grip on the bullish momentum it had for the last couple of days, declining by 2.7% over the last 24 hours. At press time, according to tracking from Coingecko, the alpha crypto is trading at $20,392 and is once again showing a little sign of retreat in the past few hours. Bitcoin struggles to break past the $20,500 marker Despite bull run, BTC failed to enter the top 10 list of Galaxy Score LTC leaves Bitcoin behind after cracking… Source link

Read More »

Why Bitcoin (BTC) Could Not Surpass Litecoin (LTC) In This Area

Bitcoin is slowly losing its grip on the bullish momentum it had for the last couple of days, declining by 2.7% over the last 24 hours. At press time, according to tracking from Coingecko, the alpha crypto is trading at $20,392 and is once again showing a little sign of retreat in the past few hours. Bitcoin struggles to break past the $20,500 marker Despite bull run, BTC failed to enter the top 10 list of Galaxy Score LTC leaves Bitcoin behind after cracking… Source link

Read More »

Anticipating Crypto Crisis: Bitcoin Price Might Drop 35% (BTC-USD)

Anticipating Crypto Crisis: Bitcoin Price Might Drop 35% (BTC-USD)

BT Series The increase in the price of the most significant world indices, namely the S&P 500 (NYSEARCA:SPY) and Nasdaq 100 (NASDAQ:QQQ) by 5% this week contributed to the growth of investment interest in cryptocurrencies, which are still under pressure. The economic situation in the world continues to deteriorate due to rising inflation, which entails an increase in the cost of mining equipment. The economic growth of China, which is the second largest Bitcoin mining country, slightly… Source link

Read More »