Editah Patrick Editah is a versatile fintech analyst with a deep understanding of blockchain domains. As much as technology fascinates her, she finds the intersection of both technology and finance mind-blowing. Her particular interest in digital wallets and blockchain aids her audience. Source link

Ethereum has been leading the charge on the rebound of crypto after a monstrous crash in the markets. Ethereum outperformed many different cryptocurrencies, including the first ever cryptocurrency – Bitcoin. This has been driven by the long-awaited “merge” which has been proposed by the lead developers of the Ethereum blockchain for years. But what is “the merge”? It is essentially a software update to the protocols on which the  Ethereum blockchain runs. The current system runs… Source link

After being in a consistent uptrend, Ethereum recently registered a downtrend along with several other cryptocurrencies. After hitting the lowest mark of $911 in mid-June, ETH gained strong upward momentum and even crossed $2,000. This gave hope to investors of brighter days ahead.  Source: CoinMarketCap However, things took a U-turn on 14 August as a trend reversal kicked in. With a negative 19% 7-day growth, the king of altcoins traded at $16,180 with a market… Source link

If you bought Monero [XMR] at its August top so far, you would be down by roughly 11.5% at its $153.55 press time price. And, if you purchased it at its bottom in June, you would still be up by roughly 58%. These outcomes depict Monero as a healthy option for riding the bullish recovery wave after the May and June crash. But is it still a good option for the next outcome? A look at Monero’s past performance may help formulate a decent conclusion. A comparison might also be… Source link

Bitcoin price is in a potential recovery rally that could push it up to $22,600. Ethereum price recovery could only push it up by $1,650 due to multiple hurdles in the way. Ripple price is slowly in terms of recovery as it grapples with the $0.340 support floor. Bitcoin price saw a massive sell-off over the last four days and has been trying to consolidate and recover since then. Some altcoins have been much better at recovery than Ethereum and Ripple. Regardless,… Source link

Bitcoin (BTC) starts a new week fresh from a new multi-week low amid a return of highly nervous sentiment. After dipping below $21,000 over the weekend, the largest cryptocurrency is consolidating around 10% lower than a week ago, and the fear across crypto markets is clearly visible. As some call for new lows and others warns of a difficult few months ahead, there is plenty for bulls to contend with on both long and short timeframes The United States Federal Reserve annual Jackson Hole… Source link

Crypto analyst Benjamin Cowen is laying out what he thinks could be the worst-case scenario for Ethereum (ETH) in terms of price action. In a new strategy session, Cowen says that a potential dip down to the range between $400 and $800 is the worst thing we could see for ETH, but that it would also present the opportunity of a lifetime for bulls. “Some people have asked me what is my worst-case scenario on Ethereum. For me, I would look at the logarithmic regression band and say… Source link

Bitcoin, the world’s largest cryptocurrency, has showcased a strong will to stand up on its feet over the past couple of weeks. However, despite that, Bitcoin dropped below $22,000 recently, triggering rapid losses for traders. In fact, even the demand zone took a heavy blow as we speak. The sky full of blood Liquidations across the crypto-market have quickly added up over the last 24 hours. Data from Coinglass highlighted that roughly $600M in crypto were liquidated and… Source link

Bitcoin has been put to the extreme test during the past few weeks as this year’s cryptocurrency market crash has raised questions about the viability of the industry, with investors bearing the brunt of the collapse and market fear hitting a new high. Fears of a worldwide recession and the highest inflation in over four decades have delivered a heavy blow to the young cryptocurrency market in 2022, spawning a brutal crypto winter that has driven… Source link

The cryptocurrency market is neither bullish nor bearish, according to CoinMarketCap. ETH/USD The rate of Ethereum (ETH) has gone down by 18.23% over the last week. On the local time frame, Ethereum (ETH) has bounced off the $1,628 level. If buyers can’t seize the initiative, there is a high chance to see a test of the $1,600 mark by the end of the day. On the daily chart, Ethereum (ETH) is located in the middle of the narrow range between the support at $1,524 and the resistance at… Source link