The Bitcoin (BTC) chart has formed a symmetrical triangle, which currently holds a tight range from $28,900 to $30,900. This pattern has been holding for nearly two weeks and could potentially extend for another two weeks before price makes a more decisive movement. Bitcoin/USD 12-hour price at Kraken. Source: TradingView For those unfamiliar with technical analysis, a symmetrical triangle can be either bullish or bearish. In that sense, the price converges in a series of lower peaks and… Source link

The 12-year-old web security company, Cloudflare, announced on May 17 that it would be launching its next series of experiments for advancing web3. This will include supporting the Proof of Stake (PoS) consensus mechanism Ethereum is preparing for by launching its own validator nodes. Ethereum’s Merge Known to be one of the most anticipated events since last year, “The Merge” will officially bring a Proof-of-Stake consensus mechanism to the Ethereum blockchain. Running on Proof of… Source link

Non-fungible tokens (NFTs) are digital assets built on cryptocurrency platforms or blockchains having unique codes that distinguish them from other cryptocurrencies (i.e., identification codes). NFT continues to grow with each token and platform being developed to help foster the evolution of this technology. And Parody Coin (PARO), existing at the forefront of this platform, is at its peak. These cryptocurrencies are often used globally with encryption… Source link

Litecoin confidential transactions spook Korean exchanges The recent privacy-focused MimbleWimble upgrade on the (LTC) blockchain has prompted two of Korea’s largest crypto exchanges to issue investment warnings about the fifth-largest cryptocurrency. Bithumb and Upbit, which together account for the majority of trading volume in South Korea, released statements on Monday advising investors about the risks associated with the privacy-enhancing upgrade. Litecoin’s use of privacy-focused… Source link

Key Takeaways Bitcoin is in a no-trade zone between $28,870 and $30,750. Likewise, Ethereum is stuck between $1,960 and $2,145. Only a break above support or below resistance can resolve the ambiguity.   Share this article Bitcoin and Ethereum continue to consolidate while searching for new catalysts that will help them gain the momentum needed to break out. Crypto Traders Are 50/50 Bitcoin and Ethereum remain stagnant, trading within a tight price range, as traders cannot decide on… Source link

It’s been a record-breakingly good month for ENS domain name registrations as revenue tops $8 million, according to lead developer Nick Johnson.  The Ethereum Name Service (ENS) is a domain name provider for the Ethereum blockchain. The service itself, which was launched in 2017, is governed by a DAO, or decentralized autonomous organization. “May is now an all-time high for every single ENS metric we track—registrations, renewals, revenue (ETH & USD) and income (ETH & USD),” Johnson… Source link

Monero (XMR) gets a bullish rating from InvestorsObserver Monday. The Digital Money asset is up 7.94% to $195.82 while the broader crypto market is up 1.6%. Monero has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Bullish Over the last five days, Monero has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of… Source link

Monero (XMR) price may witness a sharp pullback by June because its 75% rally in the last two weeks has left the gauge almost “overbought.” Monero price RSI meets rising wedge Downside risks have been mounting due to XMR’s relative strength index (RSI), which almost hit 70 this May 23, indicating that the market is considered overvalued. An oversold RSI could amount to a bout of declining moves, as a rule of technical analysis. Additionally, Monero is also painting a bearish reversal pattern,… Source link

Bitcoin (BTC) stayed glued to $30,000 on May 23 as the start of Wall Street trading failed to spark volatility. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin to range before “real breakout?” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD lingering in a tight trading range in place since before the weekend. The pair had closed out the week on its eighth weekly red candle in a row, this becoming a bearish record amid an absence of overall price trajectory…. Source link

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