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

Bitcoin has been through a lot of hardships since its inception and investors and traders are feeling the agony of the crypto market meltdown this year. BTC is now trading at $19,322 at the time of writing. Coingecko reports a 0.3% decrease in value for the token. This month, crypto expert @woonomic tweeted that Bitcoin (BTC) has not yet touched bottom and would not soon rally. However, Twitter’s anonymous crypto expert Capo has suggested that Bitcoin may have… Source link

Crypto strategist Michaël van de Poppe says he’s planning to accumulate a handful of altcoins including three Ethereum (ETH) competitors. Van de Poppe tells his 636,300 Twitter followers that he has his sights set on decentralized oracle network Chainlink (LINK), as well as XCAD, the native asset of non-fungible token (NFT) marketplace XCAD Network, and Skale (SKL), a blockchain network designed to allow developers to create and provide decentralized chains that are completely… Source link

Litecoin price analysis for today shows the prices have entered a bullish trend for the past 24 hours. The prices have been trading above the $51.97 support level and are currently facing resistance at $54.17. The prices had dipped to lows of $51.97 yesterday before the market corrected its high. The market is currently trading in a bullish trend with prices expected to continue rising to new highs. The prices opened the daily trading session trading low at $52.56 and have corrected to… Source link

Bitcoin (BTC) starts the last week of “Uptober” in a firmly average mood as the trading range to end all trading ranges continues to stick. After a welcome attempt to break out, BTC/USD remains bound to a narrow corridor now in place for weeks. Some of the lowest volatility in history means that Bitcoin has found a temporary function as a “stablecoin” — even some major fiat currencies are currently more volatile. The longer the status quo drags on, however, the more convinced… Source link

Alex Dovbnya Is Bitcoin finally on the verge of a much-awaited comeback? Scott Redler thinks another rally is about to ignite In a recent tweet, Scott Redler, a veteran professional trader, claims that another significant Bitcoin rally is about to ignite.  Redler believes that it is finally time for the largest cryptocurrency to surge higher.  At press time, the world’s largest cryptocurrency is trading at $19,330 after three consecutive days in the green.  The top cryptocurrency… Source link

On October 24, the Bitcoin price showed a bearish correction after getting rejected at the $19,700 resistance mark. In contrast, Ethereum is rising, gaining over 2% to $1,347 during the early Asian session. Major cryptocurrencies were trading bullish early on October 24, with a global crypto market cap of $931 billion on the previous day with a trading volume of $479 billion.  Let’s take a look at the top winners and losers so… Source link

Ethereum gained pace and broke the $1,320 resistance against the US Dollar. ETH is showing positive signs and might surge above the $1,400 resistance. Ethereum started a steady increase above the $1,320 and $1,330 levels. The price is now trading above $1,300 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $1,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rally before bitcoin if… Source link

Bitcoin price is grappling with the 20-day EMA at $19,440 after a twelve-hour candlestick close above it.  If BTC stays above $19,440, it will likely target the $22,048 level.  A daily candlestick close below the range low at $17,593 indicates the start of a bearish outlook. Bitcoin price produced a bullish candlestick over the weekend, allowing it to face off with a crucial hurdle. A breakout above this blockade could trigger a quick run-up to important levels,… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Litecoin shows a distinct lack of trend Buyers can wait for a move to the range lows, but Bitcoin could complicate matters Litecoin continued to trade within a range, as it has for the past five months. Technical indicators also showed a lack of strong momentum and buying volume in recent months behind Litecoin. With Bitcoin also trading just above an… Source link