Ethereum moved into the red on Nov. 16, as markets became nervous, following a missile accidentally exploding in Poland. Fears grew of potential escalation in the war between Russia and Ukraine, as the missile hit Poland, which is a NATO-backed country. Poland and NATO have both downplayed the strike, and have so far not accused Russia of the act. Bitcoin also fell, ending two days of gains. Bitcoin Bitcoin (BTC) was back in the red on Wednesday, as markets reacted cautiously to… Source link

Monero (XMR) gets a neutral rating from InvestorsObserver Wednesday. The crypto is down 1.2% to $128.98 while the broader crypto market is down 1.32%. Monero has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Neutral Over the last five days, Monero has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Monero… Source link

Arman Shirinyan Thanks to burning mechanism, Ethereum is slowly turning into profitable network Prior to the Merge update and the continuous reduction of issuance, Ethereum has been the “unprofitable” blockchain, just as any cryptocurrency network on the market. However, the situation has changed. The “profitability” of a blockchain is not the same as the profitability of a company in traditional finance. Technically, the subtraction of new issuance from fee burns is what allows us to… Source link

Arman Shirinyan One of biggest Ethereum wallets on chain is not owned by conscientious investors After the alleged FTX “hack,” the programmer’s wallet reached the $280 million threshold, making it one of the biggest wallets on the blockchain. However, the lack of predictability might cause serious problems for the market. By taking an enormous volume of funds off of the exchange, the hacker acquired control of a large chunk of funds that he later exchanged for Ethereum and sent to yet… Source link

Crypto fund Pantera Capital says that the next Bitcoin (BTC) halving event will spark a bull rally beginning in early 2024. Pantera Capital CEO Dan Morehead and other executives are telling investors that the price of Bitcoin is likely to bottom throughout November and pick up steam ahead of the next halving. A Bitcoin halving event is when miners’ block rewards are cut in half and, as a result, the supply is crunched. In the past, Bitcoin’s price has rallied before and after… Source link

Top Ethereum whales were accumulating in a style that could lead the altcoin king to a price correction Based on the price-DAA divergence, ETH was far from being undervalued. Hence, the assumption could be valid The recent market turbulence ensured that crypto prices faced a downturn, from which Ethereum [ETH] was not exempted. However, investors who might have expected some respite could be dealt a blow due to the recent whale action. Here’s AMBCrypto’s Price… Source link

Ether was recently changing hands at about $1,250, up more than 3% from Monday, same time. Other major altcoins spent much of Tuesday in the green with the SRM, CEL and FTT tokens of embattled ventures Serum, Celsius and FTX jumping by well into the double digits over the past 24 hours. FTT was, nevertheless, recently trading at $1.80, a fraction of its near $36 highs earlier this year. Source link

“A lot of the times, the very first move is not the move that sustains because that’s the position adjusting mode,” Bob Iacchino, Path Trading Partners co-founder and chief market strategist, said. “In other words, people have positions based on what they think the result is going to be, and when they get the exact result, they exit positions.” Source link

“A lot of the times, the very first move is not the move that sustains because that’s the position adjusting mode,” Bob Iacchino, Path Trading Partners co-founder and chief market strategist, said. “In other words, people have positions based on what they think the result is going to be, and when they get the exact result, they exit positions.” Source link

Bitcoin (BTC) spiked to $17,000 at the Nov. 15 Wall Street open as fresh United States economic data continued to show inflation cooling. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Good” PPI boosts risk assets Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it came closer to multi-day highs. Volatility had returned an hour before the open as the U.S. Producer Price Index (PPI) came in below expectations. Core PPI was unchanged month-on-month, with the… Source link