The chart below shows how on-chain users have grown alongside new Coinbase accounts, signaling users are genuinely interested in interacting with applications on Ethereum. Cheaper alternatives to the Ethereum mainnet, or live version, have gained even more traction, with Polygon flipping mainnet in active users for a single day early in October. Additionally, Arbitrum has onboarded 275,000 users looking for cheaper blockchain interactions. Source link

What happened It’s party on in the crypto world today. Investors in most digital currencies are seeing tremendous interest resume, following a rather bearish week last week among most major cryptocurrencies. As of 10 a.m. ET, Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Dogecoin (CRYPTO:DOGE) surged 2.3%, 8.5%, and 3%, respectively. These gains today have wiped out most of the losses seen in the crypto segment from last Friday’s… Source link

Dressed in pristine white in front of an audience of investors and foreign visitors, El Salvador’s president, Nayib Bukele, recently announced plans to create an oceanside “Bitcoin City” at the base of a volcano. Bukele said his new urban center was inspired by the legendary cities built by Alexander the Great — except El Salvador’s would be fueled by cryptocurrency. “This is not just a nice idea. It’s the evolution of humankind,” Bukele told the audience amid a display of lights,… Source link

Source: Adobe/alswartThe first atomic swap between monero (XMR) and ethereum (ETH) has occurred on Ethereum Layer 2 solution Arbitrum, according to data by Arbitrum blockchain explorer Arbiscan and Monero explorer. Elizabeth Binks, a software engineer at blockchain R&D firm ChainSafe Systems, and contributors have completed the “XMR<->ETH atomic swap project“, marking their first XMR and ETH atomic swap. Atomic swaps, also referred… Source link

Ethereum price continues to consolidate after recording a new all-time high but is preparing to take off. There are three major reasons why ETH supply is quickly decreasing, which could propel prices higher. The governing technical pattern suggests that Ethereum is aiming to tag $6,300 next. Ethereum price has been consolidating after the second-largest cryptocurrency registered a new all-time high on November 10. Although ETH has been moving sideways, a few… Source link

What happened The price of Bitcoin (CRYPTO:BTC) was going up on Monday, as some big-name investors “bought the dip” over the weekend. As of 4 p.m. ET, Bitcoin was up 6% over the previous 24 hours, according to CoinDesk. And as is often the case, other popular cryptocurrencies like Ethereum (CRYPTO:ETH) and Dogecoin (CRYPTO:DOGE) were trading higher as well, up 7% and 8% respectively. Bitcoin buyers over the weekend included a technology company… Source link

Popular crypto strategist and trader Michaël van de Poppe is looking at two altcoins that he says are potentially flashing reversal signals. In a new strategy session, Van de Poppe tells his 149,000 YouTube subscribers that Litecoin could be forming a bullish higher-low setup against Bitcoin (LTC/BTC) at 0.0033 BTC or $190.38. “Even Litecoin might be a great one at this point as we are seeking for a higher low to be taking place. And when we go back in history and we create… Source link

Some analysts expect volatility to eventually rise next year, especially as the correlation between bitcoin and the S&P 500 remains elevated. For now, pullbacks in assets deemed to be risky, such as cryptocurrencies and stocks, appear to be limited given strong seasonal trends. Source link

Black Friday came to cryptocurrencies last week when Bitcoin posted its roughest day in two months. But by Monday things were looking up. Bitcoin is staging a comeback along with other riskier assets on Monday, bouncing back from its Black-Friday lows. The largest digital asset rose as much as 3.4% during the session to trade around $58,266. Other coins also posted snap-backs, with the Bloomberg Galaxy Crypto Index adding 5.5% at one point. So-called alternative coins like Polkadot and… Source link

Bitcoin balloon. Andriy Onufriyenko Bitcoin has stumbled in November, falling as much as 12% and reversing October’s strong rally. Bitcoin’s price decline can continue into year-end as crypto positioning remains overbought, JPMorgan said in a note last week. These are the two reasons why the crypto rally stalled in recent weeks, according to JPMorgan. Bitcoin’s 27% rally in October reversed in November, with the cryptocurrency falling as much as 12% this month amid a risk-off period for… Source link