Ethereum was once again trading in the red, as prices of the token fell below $1,600 during today’s session. Tuesday’s drop is the fifth consecutive day that prices of the cryptocurrency have moved lower. Bitcoin also extended its streak of declines, falling under $23,000 in the process. Bitcoin Bitcoin (BTC) was lower for a fifth straight day, as prices of the token slipped below $23,000 in today’s session. Following a peak of $24,121.64 to start the week, the world’s largest… Source link

Bitcoin (BTC) is pressuring newly-won support levels this week as geopolitical uncertainty raises the stakes for risk assets. After an impressive monthly close, momentum appears to be waning for Bitcoin’s latest gains, data from Cointelegraph Markets Pro and TradingView shows, and stock markets are not helping the bulls. Volatility was cool as August began, but angst over a potential showdown between the United States and China over House Speaker Nancy Pelosi’s visit to Taiwan is already… Source link

Ethereum’s EIP-155 upgrade went live last year. The improvement proposal significantly changed Ethereum’s monetary policy and introduced the whole burning mechanism. Post the upgrade, even though burning was implemented, ETH’s price did not react to it immediately. More so because the issuance was higher than that of the burning rate. However, on a couple of occasions when the burning rate has accelerated, ETH has noted minor relief upticks simultaneously. At the moment, however,… Source link

Ethereum failed to stay above $1,650 and extended losses against the US Dollar. ETH might continue to move down towards the $1,500 support zone. Ethereum started a downside correction after it settled below the $1,700 level. The price is now trading below $1,650 and the 100 hourly simple moving average. There was a break below a declining channel with support near $1,610 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down towards the $1,550 support… Source link

Investors see Litecoin as a good investment because it has the potential to become more valuable than Bitcoin. Litecoin has already had a higher price than Bitcoin in the past, and it is currently trading at a lower price. This makes it a good investment for people who believe Litecoin will increase in value. Today’s Litecoin price is $58.74 with a 24-hour trading volume of $468,365,542. Litecoin is down 2.70% in the last 24 hours. The current CoinMarketCap ranking is #21, with a live… Source link

Bitcoin Valley, the first bitcoin city in Honduras, has launched in Santa Lucia. Businesses in the area will accept bitcoin for payments. “In Santa Lucia, we are all going to participate in this project … Accepting bitcoin will open us to another market and win more customers,” said a local business owner. Bitcoin Valley: First Bitcoin City in Honduras Bitcoin Valley, the first bitcoin city in Honduras, has launched in the small Honduran tourist town of Santa Lucia, located 20… Source link

Monero is the most popular privacy token in the space, and investors have flocked to it due to the anonymity it provides. Its community is widespread with a lot of miners, but one mining pool has dominated the hashrate of the privacy coin in the past. Minexmr, which is the largest mining pool, has, however, announced that it will be shutting down operations, triggering various debates in the space. Monero Largest Mining Pool Shuts Down Over the weekend, Minexmr Source link

Ethereum has been at the forefront of the crypto market recovery in recent times. This is because the price of Ethereum had rallied following an important update regarding the upcoming Merge, and the market had recovered in kind. ETH’s price had quickly grown to one-month highs and had seen its value grow beyond $1,700. This had no doubt put a good number of ETH investors ahead when it comes to profit. ETH Profitability Grows Ethereum had seen its profitability decline following the… Source link

A popular crypto analyst is predicting that one big Ethereum rival will rally and says ETH itself is showing significant strength.  In a new strategy session, the host of YouTube channel InvestAnswers tells his 443,000 subscribers that Ethereum’s recent rally still has gas in the tank “ETH has been enjoying three weeks of big fat green candles and it is well above the 200-week moving average, which is at $1,200 and Ethereum is banging on the door of $1,600 real soon. Also… Source link

Decided Monero is safe for your risk tolerance? You can get Monero on Binance today. Billed as the ultimate cryptocurrency for privacy, Monero has attracted both positive and negative attention from libertarians and governments everywhere. Is Monero, as controversial it is, safe and worth including in an investor’s portfolio? How is Monero Secured? Monero (XMR) is a proof-of-work (PoW) blockchain forked from Bytecoin in 2012. Monero (XMR) is a unique… Source link