Arman Shirinyan Second-biggest cryptocurrency finally making breakout attempt after month of moving sideways Contents Ethereum’s attempt to break through Shiba Inu’s first reversal sign The last few weeks were tough for the cryptocurrency market, as most assets entered and did not exit local resistances despite negative netflows on exchanges and appearing signs of accumulation. Today, however, some assets are showing some important reversal signs. Ethereum’s attempt to break… Source link

A look at BTC options open interest by strike price also implies support at $18,000 given the accumulation of call options at the $18,000 strike price. A similar level of call options exists at the $18,500 strike price, while the number of put options begins to exceed calls at $18,750. Source link

Aave and Oasis.app Launch Offering Letting Users Increase Exposure to Staked ETH In a move that may accelerate the growth of staked Ether in a post-Merge market, Oasis.app, a dApp that spun out of MakerDAO, launched a product letting users bolster their exposure to stETH staking yields, the venture announced on Oct. 24.  Oasis.app partnered with DeFi lending giant Aave in the deal. The product allows Aave users to borrow ETH against stETH — Lido’s liquid staking derivative — and then… Source link

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Support at $20.00 will determine if ETC price regains momentum above $30.00 or drops to retest $13.50. Ethereum Classic mining hashrate continues to drop approximately six weeks from the Merge. Based on the Super Trend indicator’s sell signal on the daily chart, sellers have the upper hand. Ethereum Classic price is trading 51% down from its September peak at $45.81. Market participants were surprised when ETC price more than tripled its value from $13.50, thanks… Source link

Litecoin price has pulled back in the past few days as investors continue waiting for the next catalyst. The LTC/USD price was trading at 53, which was about 10% above the lowest level last week. This price is about 22% below the highest point last month. Low volume and volatility Litecoin is one of the oldest cryptocurrencies. It was developed to become the best alternative to Bitcoin, the biggest coin in the world. As such, Litecoin has similar mechanics to BT. For example, the two are… Source link

Fat fingers? A Bitcoin (BTC) user spent over $200 to make a transaction, paying astronomically above the average fee.  In a transaction that entered Bitcoin block 760,077, a user paid 1,136,000 satoshis, (0.0136 BTC or $220.52) to move 3.8 BTC ($63,000). This extraordinarily high fee is a whopping 1,000 times the usual Bitcoin transaction fee, as at block height 760,077, the average transaction fee was roughly $0.20. Twitter user Bitcoin QnA first spotted the out-of-the-ordinary… Source link

First came the crash of Terra, a blockchain with its own dollar-linked stablecoin, UST. The UST token was supposed to retain a value of $1, but the price came unpegged – and soon traders also lost confidence in the blockchain’s native cryptocurrency, LUNA, whose price eventually would tumble 99%. Source link

First came the crash of Terra, a blockchain with its own dollar-linked stablecoin, UST. The UST token was supposed to retain a value of $1, but the price came unpegged – and soon traders also lost confidence in the blockchain’s native cryptocurrency, LUNA, whose price eventually would tumble 99%. Source link

Ethereum went through a key network upgrade on Sept. 15, shifting from its proof-of-work (PoW) mining consensus to a proof-of-stake (PoS) one. The key upgrade is dubbed the Merge.  The Merge was slated as a critical change for the Ethereum network that would make it more energy efficient, with later improvements to scalability and decentralization to come. A little over a month later, however, some industry observers fear the PoS transition has pushed Ethereum toward more centralization and… Source link