A descending triangle pattern has been pressuring Bitcoin (BTC) for the past three weeks and while some traders cite this as a bullish reversal pattern, the $19,000 support remains a crucial level to determine the bulls’ fate.  BTC-USD 12-hour price. Source: TradingView Despite the apparent lack of a clear price bottom, Bitcoin derivatives metrics have significantly improved since June 30 and positive news from global asset manager VanEck may have eased traders’ sentiment. On July 5, two… Source link

The price of Ethereum (ETH) has continued to trade upwards over the past several days, following a dramatic reversal from the previous low near $1,000 during the last seven days. Wednesday saw the ETH/USD pair surge to the $1,175 barrier level, recording a clear higher high. As of this writing on Thursday, ETH was trading at $1,218 — an increase of 10.6 percent over the previous week, according to data from Coingecko. The announcement that Ethereum developers successfully executed The… Source link

Image source: Getty Images The Ethereum Merge from proof-of-work (PoW) to proof-of-stake (PoS) cleared another testnet hurdle and appears on track to go live later this year. Key points Ethereum programmers have successfully completed deploying upgrades to the second of three public test… Source link

Bitcoin (BTC) faces a new selling threat in the near future as users of defunct exchange Mt. Gox prepare to get their BTC back. In fresh correspondence dated July 6, attorney Nobuaki Kobayashi, appointed trustee in the Mt. Gox rehabilitation process, confirmed that he was “preparing to make repayments” to account holders. Cash, Bitcoin or Bitcoin Cash? Over eight years after Mt. Gox imploded, it appears that those who lost money are about to receive BTC. The event has been long coming, as have… Source link

Bitcoin (BTC) said “no” to volatility for a third day on July 7 as Wall Street trading began with little change in mood. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Next move “likely sets direction going forward” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it fluctuated just north of $20,000, retaining a pattern characteristic of the week so far. The pair stayed well within a defined range overnight, leading analysts to assume that a break up or… Source link

Text size Bitcoin prices have advanced this week. Dreamstime Bitcoin prices have… Source link

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Ethereum 2.0 stakers are feeling the full weight of the ongoing bear market, with the vast majority of them now being “firmly underwater” on their positions, according to a new report from blockchain analytics firm Glassnode. With the second-largest cryptocurrency hitting an all-time high of $4,891 in November last year, the total dollar value of staked Ethereum back then reached an impressive $39.7 billion. However, as the prolonged crypto rout brought Ethereum to the current levels of… Source link

A popular analyst is diagnosing the state of four leading crypto assets as the markets approach the weekend on cautious footing. Pseudonymous crypto analyst Altcoin Sherpa tells his 180,000 Twitter followers that if Bitcoin (BTC) can recapture the $20,300 area, then he’ll be eyeing $21,600 as the next leg up. “Still need to see a reclaim of this $20,300 region before any further upside [in my opinion]. $21,600 would be the next target.” Source: Altcoin Sherpa/Twitter Source link

Text size Bitcoin prices have advanced this week. Dreamstime Bitcoin prices have… Source link