Ethereum remained well bid above the $1,550 zone against the US Dollar. ETH could start a fresh increase if it clears the $1,625 resistance zone. Ethereum is stable and is showing positive signs above the $1,550 support zone. The price is now trading above $1,560 and the 100 hourly simple moving average. There is a major contracting triangle forming with resistance near $1,620 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh… Source link

Nov 1 (Reuters) – After months of tears and tantrums, bitcoin wants to split up with stock markets. The cryptocurrency, which has been closely correlated with tech stocks for much of its torrid 2022, is staging one of its strongest efforts yet to break away. Its 30-day correlation with the Nasdaq (.IXIC) slid to 0.26 last week, its level lowest since early January, where a measure of 1 indicates the two assets are moving in lock step. The correlation, which shows the degree to which the two… Source link

Alex Dovbnya Many market participants bought into “Uptober” optimism, with Bitcoin remaining above the $20,000 level Contents The logic behind the monicker  “Moonvember”?  Bitcoin, the world’s largest cryptocurrency, keeps hovering above the $20,000 level.  At press time, it is sitting at $20,520 on the Bitstamp exchange after adding 5.5% in October. Image by tradingview.com Bitcoin managed to close its first green monthly candle since July, with the “Uptober” meme… Source link

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