The last day of the week is neutral for the cryptocurrency market, according to CoinMarketCap’s ranking. ETH/USD The price of Ethereum (ETH) has fallen by 0.18% over the last 24 hours. On the local time frame, Ethereum (ETH) is trading in a narrow range, accumulating power for the next move. A sharp rise or decline is unlikely as the price has passed most of its daily ATR. On the daily chart, the rate is trading within yesterday’s candle, which means that the coin has not decided which… Source link

The cryptocurrency markets have made a strong comeback in the past few days. That drove the total crypto market capitalization to $995 billion on Jan. 14, according to CoinMarketCap data. Bitcoin (BTC) led the recovery from the front and skyrocketed above $21,000 on Jan. 14. After the sharp rally, the big question is whether the recovery is a dead cat bounce that is a selling opportunity, or is it the start of a new uptrend. It is difficult to predict with certainty if a macro bottom has been… Source link

Non-fungible token (NFT) sales have dropped significantly in contrast to the seven days prior, as NFT sales are down 59.35% this week. During the past seven days, $208.68 million in NFT sales were recorded, with $157.20 stemming from the Ethereum blockchain. The top-selling NFT collection this past week was the Bored Ape Yacht Club (BAYC), with $16.69 million in sales, equating to 7.998% of the $208 million in sales this week. Ethereum and Solana Lead NFT Sales Among Top 20… Source link

Input Output Global (IOG), the development team behind Ethereum (ETH) rival Cardano (ADA), is announcing the launch of a new toolkit that allows for the building of sidechains for the Cardano network. In a blog post, IOG says that the toolkit enables developers to build Ethereum virtual machine (EVM)-compatible chains with their own consensus algorithm and features. One such chain has already been created as a proof of concept, according to IOG’s announcement. “Using the… Source link

Bitcoin (BTC) may be circling its highest levels in months, but few are convinced that the bull market is back. Ahead of a key weekly close, BTC/USD remains near $21,000, data from Cointelegraph Markets Pro and TradingView shows, with analysts nervous about the good times ending all too soon. Bitcoin to see new “depression” before bull run resumes Bitcoin is dividing opinion after its week of brisk gains. Warnings over a potential pullback abound, while others are already commiserating… Source link

This week has been a remarkable one for cryptocurrencies, with Bitcoin and Ethereum both experiencing double-digit gains. The two largest digital assets by market capitalization have both advanced more than 20%, and the trend is likely to continue as they continue to consolidate before their next push higher. FTX, a cryptocurrency exchange that had suffered a major collapse, has managed to reclaim more than $5 billion worth of… Source link

Litecoin price analysis shows that LTC/USD has regained its bullish momentum after a brief pause. The coin has managed to recover its losses and surge above the $88 mark. The bears have been in the market for today’s trading session, but the bulls have gained control over the market. At the time of writing, LTC/USD is trading at around $88.11 after seeing a 0.88% increase in price. The coin has managed to break above the $88.85 resistance level and if it continues to hold, we could see… Source link

Editor’s Note: Jake Cline is a writer and editor in Miami whose work has appeared in The Washington Post, The Atlantic and other national outlets. He was a member of the team that won the 2019 Pulitzer Prize in Public Service for the South Florida Sun Sentinel’s coverage of the mass shooting at Marjory Stoneman Douglas High School. The opinions expressed here are his own. Read more opinion on CNN. CNN  —  Thanks… Source link

The crypto market has been bullish this year, and most cryptocurrencies have registered a significant recovery from the December plunge. Ethereum (ETH) is one of the crypto coins that have posted impressive growth for the first two weeks of January. Ethereum had increased 27% in 2023 and had recovered most of the December losses to post a 20% upsurge for the past 30 days of this writing. However, looking at the charts and price predictions for the next few months, Ethereum still looks… Source link

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Swoon” by Falls. Image credit: Javier Zayas Photography/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8. Source link