Bitcoin price gained 5% and climbed above USD 31,000. Ethereum jumped towards USD 1,900, XRP is testing USD 0.40. SOL and ADA are up over 9%. Bitcoin price remained supported near the USD 29,500 level and started a recovery wave above the USD 30,500 resistance. It even broke USD 31,000 and is currently (04:10 UTC) eyeing more gains above the USD 31,200 resistance zone. BTC is up 5% in a day and 6% in a week. Similarly, most major… Source link
Read More »Yearly Archives: 2022
Ethereum Loses $1800 Handle – Will Bear Market Pull ETH Down Deeper?
During the previous week, the price of Ethereum has stabilized between $2,000 and $1,700. Because of this, the ETH price remained largely unchanged compared to the last seven days and lost 2.5% of its value. While Bitcoin has fallen below the $29K range, Ether has lost its hold on the $1800 handle and is approaching the $1700 support level. In addition, ETH’s price behavior indicates a significant chance of adverse repercussions that might push the cryptocurrency’s value below $1700. If… Source link
Read More »Ethereum [ETH]: With the Merge just a few days away, here’s all you should know
With Ethereum 2.0 underway, the transition into a Proof-of-Stake Network for the Ethereum [ETH] blockchain is about to become a reality. Users and developers are excited over the developments this upgrade will usher into the network. With the merge on Ropsten scheduled for 8 June, the whales appear to be gearing up for a pump in price that might follow the merge. According to data from Glassnode, the number of addresses holding 32+ Ether Coins just reached a 13-month high of… Source link
Read More »Who accepts Bitcoin as payment?
This is a list of some of the biggest places that accept Bitcoin, such as Microsoft and Whole Foods. First, we’re going to take a look at businesses that accept Bitcoin. There are some early adopters, but most of them recently started to accept payments using this digital currency. These major companies are the ones where you can pay via Bitcoin: Microsoft Microsoft is one of the early adopters of BTC, as they started accepting payments with Bitcoin in 2014. Users could buy… Source link
Read More »Bitcoin price needs to close above $29,450 for its first green weekly candle since March
Bitcoin (BTC) kept traders guessing into the June 5 weekly close as BTC price action closely mimicked last weekend. BTC/USD 1-week candle chart (Bitstamp). Source: TradingView BTC price traders $300 in the gree Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling its May 30 opening level at the time of writing, just $300 higher than seven days ago. With hours to go before the weekly candle closed, the pair thus retained the threat of sealing yet another lower low. This… Source link
Read More »Defi Educator Says $22 Billion in ETH 2.0 Funds Won’t Be Liquid Immediately After PoS Transition – Technology Bitcoin News
As Ethereum’s transition to proof-of-stake (PoS) gets closer and the network’s hashrate taps another all-time high, the Ethereum 2.0 contract is close to nearing 13 million ether worth $22.6 billion using today’s ether exchange rates. Moreover, according to a decentralized finance (defi) educator, the $22.6 billion worth of ethereum that continues to grow won’t be unlocked until another upgrade is enforced following The Merge. Ethereum 2.0 Contract Nears 13 Million Ether… Source link
Read More »Bitcoin long-term hodlers begin ‘distribution’ which preceded BTC price bottoms
Bitcoin (BTC) stayed wedged in a tight range on June 4 as traders’ demands for a new macro low persisted. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Long-term holders begin ‘distribution’ Data from Cointelegraph Markets Pro and TradingView showed BTC/USD stuck between $29,000 and $30,000 into the weekend. The pair had managed a revival to near $31,000 the previous day, but the last Wall Street trading session of the week put pay to bulls’ efforts. As “out-of-hours” markets… Source link
Read More »The Secure and Profitable Benefits of Liquid Staking with Ethereum (ETH), Filecon (FIL) and CashFi (CFI)
When using liquid staking, holders of cryptocurrency don’t need to decide whether to stake or access their assets to chase other possibilities. They can stake their tokens, get receipts that prove ownership of those tokens and use them to take part in the wider web3 economy. Let’s look at Filecoin (FIL) and CashFi (CFI) to see how they use liquid staking in Ethereum (ETH) to add security and profit for their investors. The Power of Ethereum (ETH) Ethereum (ETH) is an extremely powerful… Source link
Read More »Litecoin price analysis: LTC recovers at $62, will bears make a comeback?
The Litecoin price analysis for today shows LTC is in the recovery process. The bulls are attempting to take the price higher, and currently, the LTC/USD price has recovered up to $62.6 and it seems like the price will increase further today, but for that, the market sentiment must remain positive. After yesterday’s correction, the bulls are trying to break the pattern and continue their course as they have recovered the loss made by bears at the start of today’s trading session.
Read More »Ethereum buyers in luck as this bullish pattern could propel ETH to…
Ethereum price has come close to retesting the $1,731 support floor. A bounce off this barrier could trigger ETH to rally at least 16%. If sellers produce a four-hour candlestick close below $1,701, it will invalidate the bullish thesis. Ethereum price has been on a downtrend for roughly four days and is currently approaching a support level. The price action over the last ten days suggests the possibility of a reversal pattern that forecasts gains for ETH.
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