Bitcoin Bitcoin, BTC to USD, rose by 0.82% in the week ending 31st October. Reversing a 1.07% decline from the week prior, Bitcoin ended the week at $61,330.0. A bullish start to the week saw Bitcoin rise to a Monday intraweek high $63,666.0 before hitting reverse. Falling well short of the first major resistance level at $65,285, Bitcoin slid to a Thursday intraweek low $57,606.0. Bitcoin fell through the first major support level at $58,082, before revisiting $62,900 levels. A bearish weekend,… Source link

Cryptocurrencies are positioned as a completely decentralized and anonymous alternative to fiat currencies. In fact, this is not entirely true. Most existing cryptocurrencies have a transparent blockchain. That is, any record on the blockchain remains in the public domain. This means that the identity of any user can be disclosed. The only completely confidential cryptocurrency is XMR. What Is XMR? XMR uses the CryptoNote protocol, which is based on ring… Source link

Ethereum failed to test $4,500 and corrected lower against the US Dollar. ETH is trading above $4,150 and it might attempt a fresh increase in the near term. Ethereum started a downside correction below the $4,320 and $4,250 levels. The price is now trading below $4,300 and the 100 hourly simple moving average. There is a key declining channel forming with resistance near $4,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above… Source link

Ethereum Ethereum fell by 0.82% on Sunday. Following a 2.18% decline on Saturday, Ethereum ended the week up by 5.08% to $4,290.16. A bullish start to the day saw Ethereum rise to an early morning intraday high $4,395.99 before hitting reverse. Falling short of the first major resistance level at $4,428, Ethereum slid to a mid-day intraday low $4,168.10. Ethereum fell through the first major support level at $4,229 before briefly revisiting $4,300 levels. A late pullback, however, saw Ethereum… Source link

Litecoin price consolidates below a crucial demand zone, extending from $210 to $232. A decisive close above this barrier will propel LTC to $300. On-chain metrics reveal massive headwinds for the altcoin. Litecoin price is in a tough spot as technicals hint at a bullish outlook if the altcoin can manage to close above one particular hurdle. However, on-chain metrics indicate that an ascent would be an uphill battle. Therefore, investors need to be careful with… Source link

Establishments survive by assimilating useful upstarts and excluding dangerous ones. This is the theme of Victorian novels where self-made entrepreneurs became MPs and American heiresses married dukes. It is also a trend in financial services. The value of unregulated cryptocurrencies has soared to an estimated $2.8tn. Regulated banks, fund managers and consultants are establishing or expanding fledgling digital asset operations. The City of London and Wall Street are wrestling with the… Source link

Bitcoin (BTC) appears to lack the strength to retest the $67,000 all-time high that it reached on Oct. 20 and this is causing investors to question whether or not the bullish moment has faded. Even with the price facing these hurdles, it’s still premature to call the $58,000 support level test the beginning of a descending channel. Bitcoin price in USD at Coinbase. Source: TradingView Among the factors limiting the rally is the regulatory uncertainty in the United States. Anne Termine, a… Source link

87 days ago, the Ethereum network successfully implemented the London hard fork upgrade, and ever since then over 700,000 ether has been burned, or more than $2.4 billion using today’s exchange rates. 702,886 Ethereum Burned Since the London Hard Fork Data from Dune Analytics indicates that on October 31, 2021, otherwise known as Halloween, 702,886 ethereum (ETH) has been burned. The burning of ethereum started on August 5, 2021, when the Ethereum network successfully implemented… Source link

Bitcoin (BTC) delivered fresh retests of $60,000 support on Oct. 31 with a matter of hours left until the crucial monthly close. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Record monthly close hangs by a thread Data from Cointelegraph Markets Pro and TradingView showed lackluster price action on Sunday, with BTC/USD below the “worst case scenario” for its October close. Analysts were eagerly awaiting to see if the end of the month could provide a turnaround and prove the worst… Source link

The 13th birthday of the Bitcoin (BTC) white paper has crept up just as the world continues to deal with a global pandemic, inflation fears, an astounding memecoin mania trend and growing institutional adoption of the cryptocurrency space. On October 31, 2008, Satoshi Nakamoto released the Bitcoin white paper to a cryptography mailing list hosted by Metzdow. The Metzdow mailing list was run by a group of cypherpunks and was filled with ideas meant to create a form of digital currency: some… Source link