bitcoin

Altcoins surge even as Bitcoin and Ethereum price fall toward key support levels

Altcoins surge even as Bitcoin and Ethereum price fall toward key support levels

Price action in the crypto market has not been for the faint of heart over the past 48-hours and it’s clear that volatility following Bitcoin (BTC) and Ether’s (ETH) breakouts to new all-time highs.  While the top two cryptocurrencies fight to hold key support levels, the altcoin market has seen a handful of tokens post double-digit gains on Nov. 5 and Cointelegraph Markets Pro’s altseason indicator suggests the current market conditions line up with previous altseason price moves. Top… Source link

Read More »

VeChain, Litecoin Price Prediction – LTC Floats, VET Coin Breaks Higher

VeChain (VET) is a supply chain blockchain-powered platform. VeChain aims to boost the efficiency, transparency, and traceability of supply chains while at the same time it aims to rede costs and place more control in the hands of individual users. It also aims to revolutionize the way we deal with counterfeit goods, so its use in the real world economy will increase. The native token of the network is VET and it is used to carry value from smart contracts. VET/USD has been bullish since the… Source link

Read More »

Intel Core i5-12600K Monero Mining Hashrate Revealed, AMD Ryzen 5 5600X’s Still Ahead – Own Snap

Intel Core i5-12600K Monero Mining Hashrate Revealed, AMD Ryzen 5 5600X’s Still Ahead – Own Snap

Freshly released Intel Core i5-12600K easily beats it’s own similarly priced Ryzen 5 5600X counterpart by up to 10% in some triple A gaming titles. Nonetheless, CPU mining is also becoming a crucial benchmark for hungry crypto miners of Monero and Raptoreum respectively. Currently, AMD’s Ryzen 9 lineup are the Kings of CPU mining in terms of efficiency and profitability, thanks to their exceptionally large L3 cache sizes. Tech Youtuber in GPU and CPU mining by name Dizzy Mining… Source link

Read More »

Intel Core i5-12600K Monero Mining Hashrate Revealed, AMD Ryzen 5 5600X’s Still Ahead – Own Snap

Intel Core i5-12600K Monero Mining Hashrate Revealed, AMD Ryzen 5 5600X’s Still Ahead – Own Snap

Freshly released Intel Core i5-12600K easily beats it’s own similarly priced Ryzen 5 5600X counterpart by up to 10% in some triple A gaming titles. Nonetheless, CPU mining is also becoming a crucial benchmark for hungry crypto miners of Monero and Raptoreum respectively. Currently, AMD’s Ryzen 9 lineup are the Kings of CPU mining in terms of efficiency and profitability, thanks to their exceptionally large L3 cache sizes. Tech Youtuber in GPU and CPU mining by name Dizzy Mining has… Source link

Read More »

Bitcoin scam: Kroger confirms press release was faked

The release appeared on Kroger’s investor relations page, and was later deleted. The company said the page, which gets automatically updated, receives a direct feed from PR Newswire, where the fake release also appeared. “This morning a press release was fraudulently issued claiming to be The Kroger Co that falsely stated the organization will begin to accept Bitcoin Cash. This communication was fraudulent and is unfounded and should be disregarded,” a company spokesperson said in an emailed… Source link

Read More »

JPMorgan says ethereum is a better bet than bitcoin as interest rates rise, due to the boom in DeFi and NFTs | Currency News | Financial and Business News

JPMorgan says ethereum is a better bet than bitcoin as interest rates rise, due to the boom in DeFi and NFTs | Currency News | Financial and Business News

Ethereum and bitcoin are the two biggest cryptocurrencies. Jordan Mansfield /Getty Images Crypto investors should hold ethereum rather than bitcoin in an era of rising interest rates, JPMorgan analysts said. Ethereum is at the heart of decentralized finance and the market for non-fungible tokens, two booming areas. Bitcoin is more akin to digital gold, which is likely to fare less well as interest rates and bond yields rise. Crypto investors should be holding ethereum… Source link

Read More »

Bitcoin Dominance Weakens as Altcoins Rally – CoinDesk

Bitcoin Dominance Weakens as Altcoins Rally – CoinDesk

MANA, the currency of Decentraland, a virtual world on the Ethereum blockchain that allows users to monetize content and applications, is up 88% on the week. SAND, the token of The Sandbox, also a virtual world where players can build, own and monetize their gaming experiences using non-fungible tokens, has gained 132%. Source link

Read More »

Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – November 5th, 2021

Ethereum Ethereum fell by 1.50% on Thursday. Reversing a 0.26% gain from Wednesday, Ethereum ended the day at $4,537.15. A mixed start to the day saw Ethereum rise to an early morning intraday high $4,610.24 before hitting reverse. Falling short of the first major resistance level at $4,700, Ethereum slid to a late afternoon intraday low $4,423.01. Ethereum fell through the first major support level at $4,484 before finding support to end the day at $4,500 levels. At the time of writing, Ethereum… Source link

Read More »

Bitcoin loses 5% Value After Fed Announcement

The price of bitcoin took a hit on Thursday (Nov. 4) in London as investors took in the U.S. Federal Reserve’s plan to decrease how many bonds it purchases, Yahoo reported. The Fed wants to cut its pace of asset purchases by $15 billion per month, as of this month. Because of that, the Treasury purchases will go from $80 billion to $70 billion, and government-backed mortgage security purchases will also go down from $40 billion to $35 billion. As of the announcement, bitcoin had lost… Source link

Read More »

Layer-2 and multi-chain DeFi platforms see record inflows as Ethereum fees soar

Layer-2 and multi-chain DeFi platforms see record inflows as Ethereum fees soar

High transaction fees have been a persistent thorn in the side of investors and blockchain projects since at least 2014 when Ethereum Network co-creator Vitalik Buterin stated in reference to Bitcoin, “The ‘Internet of Money’ should not cost $0.05 per transaction. It’s kind of absurd.”  Fast forward to November 2021 and the simple act of approving a token so that it can be transacted on Uniswap can cost as much as $50 worth in Ether (ETH)  depending on the time of day. Average… Source link

Read More »