Bitcoin is having a sluggish “Uptober” as compared to how it rallied during the same month last year. According to online crypto data provider Statmuse, the largest cryptocurrency by market capitalization ended October 2021 with an average price of $58,051, peaking at $66,890 on the 21st day of the month. But bitcoin is in a different space right now as for the first 12 days of the month, it is averaging $19,516, tallying its month-high on October 6 when it… Source link

Ethereum failed to clear the $1,300 resistance zone against the US Dollar. ETH is declining and there is a risk of a drop below the $1,265 support. Ethereum is still showing bearish signs below the $1,350 and $1,320 support levels. The price is now trading below $1,300 and the 100 hourly simple moving average. There was a break below a key rising channel with support at $1,290 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains at a risk of… Source link

XRM price breaks down into a ranging channel as price failed to break above resistance, holding price from trending higher.  XRM trades below 50 and 200-day Exponential Moving Average as the price struggles to regain bullish signs as the price continues ranging in a descending triangle.  The price of XRM needs to break out of the descending triangle with good volume to rally high to a region of $200.  Monero (XRM) prices continue to struggle as they range in… Source link

Litecoin price is down 5% on the month as the bulls are trying to maintain their position above the $0.50 barrier. A bearish death cross of the 8-day exponential and 21-day simple moving averages has been spotted in the last 24 hours, which spells a troublesome trajectory for Litecoin in the coming days. Dogecoin price has lost support at the $0.06 level. DOGE price has been persistently falling under low volume after landing in oversold territory on the Relative… Source link

Litecoin price is down 5% since the beginning of October. The bears show several bearish cues hinting at their control of the trend. Invalidation of the bearish thesis is a breach above $53.50. Litecoin price shows multiple reasons to believe in a further downtrend. Key levels have been defined.  Litecoin price points south Litecoin price is down 5% on the month as the bulls are trying to maintain their position above the $0.50 barrier. A bearish death cross of… Source link

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LTC price breaks down into a descending triangle as price failed to break above resistance, holding price from trending higher.  LTC trades below 8 and 20-day Exponential Moving Average as the price struggles to regain bullish signs as the price continues ranging in a descending triangle.  LTC prices continue to range as prices aim for a breakout in either direction.  The price of Litecoin (LTC) continues to struggle as price ranges in an attempt to rekindle… Source link

The Ethereum price has been trending to the downside after its successful implementation of “The Merge” and its transition to a Proof-of-Stake (PoS) consensus. Launched back in September on mainnet, ETH’s price has been losing bullish momentum since then. At the time of writing, the Ethereum price trades at $1,298 with sideways movement during today’s trading session and a 5% loss in the last 7 days. The second cryptocurrency by the market has been… Source link

In the meantime, companies building bridges among blockchains, fiat currencies and trading platforms, not necessarily in a decentralized way, will be reaping the benefits, unlocking the “trillion dollars of friction tax that’s locked up in the financial services system right now,” McDougall said, referring to the fees and service hiccups that happen while switching from one currency or blockchain to another. Source link

Arbitrum and Optimism, the first rollups to launch, were welcomed with open arms by an Ethereum community desperate for a more usable blockchain network, and it was hoped that Ethereum app builders would move en masse to their cheaper shores rather than leave the ecosystem altogether in favor of newer blockchains (e.g., Solana) or less-secure sidechains (e.g., Polygon). Source link