Ether (ETH) price technicals suggest that 35% gains are in play by March 2022 due to several bullish technical and fundamental factors. Ethereum price rises above two key moving averages On Jan. 8, Ether’s price crossed above its 21-week exponential moving average (21-week EMA; the purple wave) and 200-day simple moving average (200-day SMA; the orange wave). Historically, these two moving averages have separated bull and bear markets. When ETH price trades above them, it is considered to be in… Source link

In this piece, we will take a look at 15 countries where bitcoin is legal and illegal. For more countries, head on over to 5 Countries Where Bitcoin is Legal and Illegal. 2022 has been a rough year for businesses, hedge funds, and the stock market but all these have not suffered as much as the cryptocurrency sector. Heralded at one time as the end of traditional fiat money, cryptocurrencies have taken a beating this year as rising interest rates and a souring economic sentiment led investors… Source link

Miners have been haunted by their heavy debt obligations in a bear market that has seen the value of their collateral, usually crypto assets and mining machines, plummet. Some of the biggest firms in the industry, Compute North and Core Scientific (CORZ) have filed for Chapter 11 bankruptcy protection. Source link

What happened According to data from S&P Global Market Intelligence, companies and funds with direct ties to the crypto market are having a great week as the leading cryptocurrency finally had some good news to report. Here’s how a handful of securities intimately related to Bitcoin (BTC 3.73%) fared this week, counting from Wall Street’s closing bell at 4 p.m. ET last Friday to the corresponding bell time on Thursday, Jan. 12: MARA data by YCharts. For those unfamiliar with these… Source link

Litecoin’s hash rate made a significant contribution to investor confidence since September. LTC may experience some selling pressure now that it is overbought. There are heavy expectations regarding Litecoin [LTC] this year, especially with the upcoming 2023 halving. It appears that the market has already been preparing for a robust 2023, something which was evident in LTC’s price action and hash rate. Read Litecoin’s [LTC] Price Prediction 2023-24 Litecoin’s hash… Source link

Monero’s main selling point is its focus on anonymity and privacy, which makes it popular among individuals and businesses that value financial privacy. Transactions on the Monero blockchain are private by default, and the use of ring signatures and stealth addresses makes it difficult for outside parties to trace the flow of funds. XMR uses a Proof-of-Work consensus mechanism, similar to Bitcoin, to secure its blockchain and validate transactions. However, Monero uses a different… Source link

Bitcoin’s (BTC) recent double-digit rally has sparked a positive sentiment shift among crypto options traders. The leading cryptocurrency by market value has gained 13% this month, topping the $19,000 mark for the first time since Nov. 8, CoinDesk data show. Tumbling U.S. inflation, weaker U.S. dollar, and expectations for slower Federal Reserve rate hikes have helped the cryptocurrency look past the lingering fallout from FTX’s collapse. And consistent with the resilient rally, bitcoin… Source link

Call options above BTC’s going market price, currently $18,850, are known as OTM, while those below the spot price are ITM. The opposite is the case for puts, with options above the spot price known as ITM while those below called OTM. Call and put options at strikes at around the spot price are ATM options. Source link

Call options above BTC’s going market price, currently $18,850, are known as OTM, while those below the spot price are ITM. The opposite is the case for puts, with options above the spot price known as ITM while those below called OTM. Call and put options at strikes at around the spot price are ATM options. Source link

Bitcoin, the world’s largest cryptocurrency by market capitalization, rose 11.7% from Jan. 5 to Jan. 12, trading at US$18,830, at 2 p.m. in Hong Kong. Ether gained 13.7% in the same timeframe, changing hands at US$1,428. “It’s very difficult to determine what causes short-term price swings in the Bitcoin market,” Joe Burnett, head analyst at Blockware Solutions, wrote to Forkast.  “Traditional equity indexes rallying over the last week has certainly provided some tailwinds for BTC… Source link