Ethereum price has rallied yet again in the last 24 hours. ETH has demonstrated an 8% jump over the past day. This has made the altcoin break past a few trading levels and now flipped them into support lines. The altcoin was quite bullish at the time of writing. In just one week, the coin gained more than 20%, turning the price action bullish. The technical outlook of Ethereum was also leaned towards the bulls as demand for the altcoin turned heavily positive at… Source link

Bitcoin has yet to be toppled from the top position in the cryptocurrency world by any altcoin. It is widely regarded as the first-ever blockchain-based cryptocurrency. From 2009 to now, Bitcoin, which was supposed to be ‘electronic cash’, has not been widely accepted as a form of money. When the idea of Bitcoin was floated, its creator/s Satoshi Nakamoto pitched it as ‘electronic cash’, and not as any speculative asset. At that time, Bitcoin was neither considered an alternative to… Source link

The market does not seem to need any time for rest as the prices of all the top 10 coins are rising. ETH/USD Ethereum (ETH) is one of the most rising coins, its price has rocketed by 8.39%. Despite the rise, Ethereum (ETH) has formed a local resistance level at $1,640 after its false breakout. However, if the rate remains above $1,600, the growth might continue tomorrow as the volume is high. On the daily time frame, Ethereum (ETH) has broken the vital $1,600 mark. If bears cannot… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt. Crypto markets unthawed this week for the first time in six consecutive weeks. Bitcoin (BTC) rose 8% over the past seven days and trades for $20,718 at the time of writing, according to CoinGecko. Ethereum (ETH) had a stronger rally, up 24% over the week to $1,613 at the start of the weekend.  So-called “Ethereum killers,” layer-1 blockchains with high-functionality smart contracts, had a great week, including Cardano… Source link

Bitcoin (BTC) asleep for up to a decade is waking up this week as BTC price action sees six-week highs. Data from on-chain analytics firm Glassnode shows some of the oldest “dormant” Bitcoin returning to circulation. BTC trends out of hibernation As BTC/USD stages something of a comeback in the second half of October, hodlers are changing their behavior after a year-long bear market. According to Glassnode, the number of Bitcoin previously stationary in their wallet for 7-10 years but not… Source link

Bitcoin was back in the green on Saturday, as bulls returned to cryptocurrency markets to start the weekend. The token moved closer to a peak of $21,000, rebounding from Friday’s sell-off in the process. Ethereum was also higher in today’s session, climbing by nearly 10%. Bitcoin Bitcoin (BTC) rebounded from Friday’s sell-off in today’s session, as the token moved closer to a breakout of $21,000. Following yesterday’s low of $20,132.50, BTC/USD surged to an intraday high of… Source link

Monero receives a low risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a coin can be manipulated by limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values equating to low risk. InvestorsObserver is… Source link

The cryptocurrency market is incredibly volatile, which can be both good and bad for investors and traders. Volatility creates opportunities for making profits, but it can also lead to losses. Passive income strategies, however, could be handy in offsetting these losses.  Passive income strategies offer investors and traders opportunities to earn profits, even during challenging market conditions such as bear markets. For those investing in Ether (ETH), or any crypto in general, earning… Source link

The cryptocurrency market is saturated with projects at the moment. With new tokens being introduced and the existing ones battling with the bear markets, it can be confusing which crypto you should invest in. Therefore, top investors must research the market deeply to unravel rare opportunities. Investing in a single coin in this stormy market might be too risky. So, diversifying your portfolio with potential coins is always a smart move. To help users… Source link

Bitcoin (BTC) attempted to retake $21,000 on Oct. 29 as weekend trading began on a strong footing. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar lurks as BTC price rebounds Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it rebounded overnight to local highs of $21,078 on Bitstamp — enough to clinch new six-week highs. The pair had seen a consolidatory phase ensue after its first trip to the $21,000 mark, the first time it had traded above $21,000… Source link