Bitcoin and Ethereum prices have been on the rise for the past few months, and even today. This has resulted in many investors wondering if another 5% rise is possible for BTC and ETH today.  To answer this question, we need to look at the current market conditions and analyze whether or not there is enough momentum in the market to push Bitcoin and Ethereum prices higher.  Risk-On Crypto Mood: What You Need To Know About The… Source link

A crypto strategist who nailed Bitcoin’s (BTC) 2018 bottom believes we’re in for a rough few weeks after this year’s bullish start. Pseudonymous analyst Smart Contracter tells his 219,300 Twitter followers that many altcoins have already completed their five-wave rallies. The analyst is referring to the core principle of the Elliott Wave theory, a technical analysis approach that tries to predict future price action by following crowd psychology that tends to manifest in… Source link

In recent years, there has been a surge in interest and investment in cryptocurrencies, as more people become aware of their potential benefits. Litecoin (LTC) and Ripple (XRP) are two of the most popular cryptocurrencies currently available. Both have a large market capitalization, and are well-established coins with a strong user base. However, Snowfall Protocol (SNW) is a newer coin that is quickly gaining popularity over Litecoin (LTC) and Ripple (XRP). But, what makes Snowfall Protocol… Source link

Bitcoin (BTC) starts a key week with a familiar cocktail of price spikes mixed with fear that the bear market will return. After sealing its highest weekly close in almost six months, BTC/USD remains over 40% up year-to-date with the monthly close just 48 hours away — can the gains hold? Against all odds, Bitcoin has rallied beyond expectations this month, making January 2023 so far its best in a decade. Throughout, concerns have called for an imminent comedown and even new macro BTC price… Source link

Bitcoin’s mining difficulty level rose 4.68% on Sunday, hitting an all-time high, as the networks’ hashrate also continued to increase. See related article: Blockstream says it raised US$125 million to expand Bitcoin mining operations Fast facts The mining difficulty reading came in at 39.35 trillion at block height 774,144 in Sunday’s biweekly adjustment, following a 10.26% rise in the previous adjustment on Jan. 16, according to data from BTC.com. The latest Bitcoin mining difficulty… Source link

The recent launch of a nonfungible token (NFT) protocol on the Bitcoin mainnet has the crypto community divided over whether it’ll be good for the Bitcoin ecosystem.  The protocol, referred to as “Ordinals,” was created by software engineer Casey Rodarmor, who officially launched the program on the Bitcoin mainnet following a Jan. 21 blog post. The protocol essentially allows for the Bitcoin version of NFTs — described as “digital artifacts” on the Bitcoin network. These… Source link

The recent launch of a nonfungible token (NFT) protocol on the Bitcoin mainnet has the crypto community divided over whether it’ll be good for the Bitcoin ecosystem.  The protocol, referred to as “Ordinals,” was created by software engineer Casey Rodarmor, who officially launched the program on the Bitcoin mainnet following a Jan. 21 blog post. The protocol essentially allows for the Bitcoin version of NFTs — described as “digital artifacts” on the Bitcoin network. These… Source link

Bitcoin Rules – But Not Yet… Vitalij Sova/iStock via Getty Images Follow Not Your Heart on Bitcoin I’ve recently seen a number of bullish prognoses for Bitcoin (BTC-USD). While my heartstrings pull in that direction, my rationale self – as well as my reading of the tea leaves – eeehhh I mean technical charts – tells me it just ain’t so. First a bit of recent history. In the midst of Covid despondency, Bitcoin reversed a preceding rally and plunged to a low of $3948 in March 2020. Bitcoin… Source link

Bitcoin (BTC) has just clocked its 11th consecutive day outside the “Fear” zone in the Crypto Fear and Greed Index, cementing its longest streak out of fear since March 2022. Bitcoin Fear and Greed Index is 61 – GreedCurrent price: $23,780 pic.twitter.com/U5gxN3AwnT — Bitcoin Fear and Greed Index (@BitcoinFear) January 30, 2023 It comes as Bitcoin hit $23,955 at 8:10 pm UTC time on Jan. 29, becoming this year’s newest all-time high. Though it has since come back down slightly to… Source link

Ether, the second largest crypto in market value, fared even better than BTC on Sunday, rising nearly 5% at one point to trade over $1,650 at one point. ETH has risen over this threshold twice in the last nine days. Most other major cryptos by market cap spent much of Sunday firmly in the green with MANA, the token of 3D virtual reality platform Decentraland, and SAND, the native currency of the metaverse game Sandbox, recently jumping more than 15% and 7%, respectively, and SOL, the token… Source link