What happened The top altcoin by market captailization in the cryptocurrency sphere, Ethereum ( ETH 5.41% ), had a fine Friday. The coin was up by nearly 5% across the preceding 24 hours as of late afternoon trading, a rate that was more than three times the percentage gain of the S&P 500 index of stocks. Investors are clearly feeling more confident about cryptocurrencies, and Ethereum is a top name within that group of assets. So what As a whole, cryptocurrencies are coming… Source link

Bitcoin is still in what some refer to as the ‘early innings’ meaning that the value of the digital asset is far from where they believe it will be in the future. This has birthed some rather optimistic predictions for the digital asset. The latest of these predictions has come from BitMex co-founder Arthur Hayes who sees the pioneer cryptocurrency reaching as high as $1 million. What Will Drive This Growth? There are currently a lot of socio-political… Source link

More than $500 million worth of Ethereum was withdrawn from cryptocurrency exchanges earlier this week, as traders look to hold on to their crypto in anticipation of bullish price action. This is according to data shared by IntoTheBlock, a crypto market research firm, which shows that 180,000 ETH was withdrawn from exchanges on Tuesday. This figure represents the highest aggregated exchange withdrawal of ETH since October, the firm tweeted. At the time, the outflow of ETH preceded a 15%… Source link

“We have seen a corresponding increase in the number of active validators on the Beacon Chain from 300,702 at the end of February to 315,576 as of March 17. That’s a 4.9% increase in just 17 days compared to 3.9% during the full month of February or 4.8% during the full month of January,” David Duong, head of institutional research at Coinbase, wrote in a Friday newsletter. Source link

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 compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

Key Takeaways Ethereum is up nearly 16% in the last five days.  On-chain data shows a large number of tokens moving out of exchanges.  Further buying pressure could push ETH to $3,300 or higher.  Share this article Ethereum could be ready to rise after overcoming a significant supply barrier. A spike in buying pressure could result in a major rally. Ethereum Breaks Critical Resistance Ethereum appears to be bound for significant price action as its on-chain activity turns… Source link

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 compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

Bitcoin (BTC) saw brisk upwards action during the Wall Street trading session on March 18, conforming to predictions that higher levels would see a retest. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bets placed on $46,000 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it advanced $1,650 from daily lows to nearly matching the $41,700 high from March 16. The move buoyed traders, who began to reinforce their short-term view of levels near the top of… Source link

Image source: Getty Images Galaxy Digital Founder and CEO Mike Novogratz boldly predicts a single Bitcoin will be worth a half million dollars by 2027, pegging Bitcoin’s market cap at $9.2 trillion. Key points During a broadcast interview Tuesday, the CEO of crypto investment firm Galaxy… Source link

Following a rise to a high beyond $41,700 earlier this week, bitcoin’s price has fallen for two consecutive sessions. Despite this, BTC continues to trade above $40,000, whilst ETH continues to hover above $2,800. Bitcoin BTC fell for its second consecutive session on Friday, as the world’s largest cryptocurrency has lost some momentum, following Wednesday’s Fed decision. Yesterday saw bitcoin trade at a peak of $41,102.23, however as of writing, prices have fallen to an… Source link