Whenever Bitcoin (BTC) fails to break through important resistance levels, traders gain confidence and add to their altcoin positions. The logic is that, unless BTC drops significantly, these movements historically provide decent rewards for those shifting their portfolios toward higher risk. Bitcoin/USD at FTX. Source: TradingView In the past seven days, the aggregate market capitalization performance of the cryptocurrency market showed a modest 3% increase to $1.78 trillion. This number is… Source link

What is the Ethereum Name Service? Crypto addresses are long strings of numbers and letters designed to be read by computers. These long addresses have led to confusion and even loss of funds.  The Ethereum Name Service, or ENS, is a distributed technology based on the Ethereum blockchain that provides an elegant solution to long and confusing crypto addresses: one URL, just like a website name or email, that represents a crypto address. … Source link

After climbing to a price of more than $41,000 on Monday, Bitcoin’s market capitalization has surpassed that of the Russian ruble.  According to data from CoinMarketCap, the market cap of Bitcoin (BTC) surged to roughly $780 billion on Monday amid the price rising to $41,391, a 5.7% increase over the last 24 hours. BTC’s market capitalization exceeds the money supply of the Russian ruble, which according to the Central Bank of Russia, was 65.3 trillion rubles as of Feb. 1 — roughly… Source link

What happened Top cryptocurrencies Bitcoin ( BTC 11.11% ), Ethereum ( ETH 8.45% ), and Dogecoin ( DOGE 5.21% ) each rocketed higher in late-morning trading, making up all of this morning’s losses, and then some. As of 11:30 a.m. ET, these three tokens have surged 5.3%, 1.7%, and 1.5% higher. This surge negates earlier intraday declines of 4.8%, 6.7%, and 3.8%, respectively. This impressive crypto turnaround followed the movements seen in most stock indexes,… Source link

New York, NY, Feb. 28, 2022 (GLOBE NEWSWIRE) — Till very recently, the idea of earning 100% ROI in crypto mining was too good to believe. However, over the last few months, many mining enthusiasts have managed to achieve this feat by using ultra powerful ASIC mining rigs from BITMANU. Crypto mining has always been a preferred investment option for many. However, making guaranteed profits in quick time hasn’t been easy because of the rising level of mining difficulty. BITMANU has… Source link

Ethereum price is retesting the $2,160 to $2,567 demand zone after tagging it twice over the last week. A bounce here is necessary for ETH to retest the 50-day SMA at $2,863, which is the first major hurdle.   Litecoin price is experiencing a pullback after it experienced a quick run-up. The price action prior to the minor rally plays a crucial role in identifying trend reversals; currently, it hints at a bullish outlook for LTC.   Bitcoin (BTC) is… Source link

Early today, the gap between the one-month London Interbank Offered Rate (LIBOR) and Fed rates for one-month contracts widened the most since March 2020, according to Bloomberg. The widening of the spread represents tighter liquidity for the dollar, the global reserve currency. Source link

“Hodling” really is the way when it comes to accumulating Bitcoin (BTC). At least, that’s the conclusion made by an artificial intelligence (AI) trading bot coded up by a Portuguese software developer. Bitcoiner Tiago Vasconcelos is the man behind the trading experiment. Vasconcelos built an AI trading bot that would help him accumulate more Bitcoin and test his coding skills. Almost inconceivably, instead of trading, the bot quickly concluded that the best way to trade Bitcoin is to… Source link

Cryptocurrencies and the metaverse. It sounds like a match made in investors’ heaven. Both could offer tremendous growth prospects over the next decade and beyond. Unsurprisingly, investors are already placing their bets on the intensifying horse race among metaverse cryptocurrencies. There could be a dark horse in the competition, though. Could Ethereum ( ETH 1.08% ) be the biggest metaverse cryptocurrency winner of all? Image source: Getty Images. One common… Source link

Litecoin price completed its bear trap after setting a swing low below the January 22 low at $96.39. The resulting upswing will propel LTC to contend with the $117.80 and $124.09 hurdles. A four-hour candlestick close below $91.61 will create a lower low and invalidate the bullish thesis. Litecoin price is experiencing a pullback after it experienced a quick run-up. The price action prior to the minor rally plays a crucial role in identifying trend reversals;… Source link