Ether (ETH) price has been trying to establish an ascending channel since the May 12 market-wide crash that sent its price to $1,790. Currently, the altcoin’s support stands at $2,000, but the high correlation to traditional markets is causing traders to be highly skeptical s cryptocurrency market recovery.  Ether/USD 4-hour price at Bitstamp. Source: TradingView To date, the Federal Reserve continues to dictate the markets’ performance and uncertainty has been the prevailing sentiment… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice USDt Dominance, which is a metric for the dominance of Tether in the crypto market, has fallen from 7.12% to 6.18% at press time. The implication of this development is that market participants have moved out of holding USDt and likely have deployed it in the crypto markets. However, with Bitcoin unable to climb past the $30.8k mark in the past few days, can… Source link

Popular crypto and stock trading platform Robinhood enters the NFT space with a standalone multichain Ethereum wallet similar to the likes of Coinbase and Metamask which are Web3-focused products. The non-custodial crypto wallet allows storage of varied NFTs which is also designed to be compatible with NFT marketplaces. There is a waitlist for Robinhood and the crypto wallet set to launch by the end of the year will be available for the first 1,000 registered… Source link

Many regarded Bitcoin as the future currency, whereas Ethereum is the second most cryptocurrency behind Bitcoin Evolution App. It is the fastest-growing currency. They are both comparable. Both are decentralized, which means a central bank does not govern them—in both cases, deploying blockchain technology. Now discuss them one by one. About bitcoin Bitcoin, is the world’s first decentralized peer-to-peer digital currency. Because all bitcoin transactions are between equal network… Source link

Higher rates tend to negatively affect company earnings because companies borrow money to run their businesses. With rates on consumer loans, such as mortgages, also on the rise, households are additionally left with lower disposable incomes, which in turn causes a ripple effect in the broader economy. Source link

Ethereum price has flipped bearish from a macro perspective after creating a second lower low at $1,700. Investors should be prepared for a worst-case scenario that puts ETH at $600. A three-day candlestick close above $3,396 will invalidate the bearish thesis.  Ethereum price is in a tough spot despite the recent crash and indicates that a further downtrend is on the cards. The case for a bullish trend will only be revived after ETH produces a higher high from a… Source link

Bitcoin failed at decisively overcoming $31,000 and has retraced by over $1,000 to a familiar ground of approximately $30,000. Most altcoins are also slightly in the red today, with Ethereum fighting to stay above $2,000. Polkadot has lost the most from the larger-cap alts. Bitcoin Stalls at $30K Last week was nothing short of a volatile rollercoaster for bitcoin, in which the asset plummeted by $15,000 at one point from $40,000 to a multi-month low of $25,300. After… Source link

The latest variant of the Sysrv botnet malware is menacing Windows and Linux systems with an expanded list of vulnerabilities to exploit, according to Microsoft. The strain, which Microsoft’s Security Intelligence team calls Sysrv-K, scans the internet for web servers that have security holes, such as path traversal, remote file disclosure, and arbitrary file download bugs, that can be exploited to infect the machines. The vulnerabilities, all of which have patches available, include flaws… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link