Bullish optimism is on the rise across the cryptocurrency market on Sept. 23 as prices continue to recover from this week’s volatility which was the result of regulatory pressure on the crypto sector, the Federal Open Market Committee meeting on the Fed’s interest rate hikes and monetary policy, along with fears that the Evergrande situation would ripple out to impact global financial markets. Data from Cointelegraph Markets Pro and TradingView shows that after trading in a range between… Source link

It has been a month since I last provided my Elliott Wave Principle (EWP) based insights into Ethereum (ETH), so it is time to continue the story. Back then, see here and here, I was looking for a more minor degree 4th wave pullback to ideally $2865, then a 5th wave rally to complete a larger 1st wave top at ideally $3585, followed by a more significant 2nd wave pullback to ideally $2400-2600. See Figure 1 below. What transpired? Ether had a complex (red) intermediate wave-iv to $2952 (August… Source link

Ethereum and bitcoin. Jordan Mansfield /Getty Images Institutional investors are shying away from bitcoin futures as views on the top cryptocurrency soften, JPMorgan said. In September, bitcoin futures have traded below the price of an actual bitcoin, analysts said. Big investors have begun steadily pivoting to ethereum since August amid a “strong divergence in demand.” Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Big-money investors are… Source link

While Monero isn’t necessarily one of the most-talked-about cryptocurrencies, its consistent performance in recent years suggests that it has a staying power that many other crypto assets lack. XMR has grown in value by approximately 182 per cent over the past year, but if you’re considering adding it to your portfolio, there are a few things you should know beforehand. What is Monero?  At the high level, Monero is a more privacy-oriented take on bitcoin. Like bitcoin, Monero uses a… Source link

The total amount of Ether (ETH) held by all the crypto exchanges fell to its lowest levels, just as its prices rose back above $3,000 per token on Sept. 23. Data collected by CryptoQuant, a blockchain analytics platform, showed that exchanges’ net Ethereum token reserves dropped to 18.533 million ETH, compared to 23.92 million ETH a year ago. Meanwhile, the cost to purchase one Ether rose from almost $349 to as high as $3,078, showcasing an inverse correlation between ETH reserves on… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Buoyed by Bitcoin’s resurgence to $44k, the altcoin market was witnessing some recovery after recent sell-offs.  Monero, which historically shares a high correlation with the king coin, bounced back from its support level and observed a much-needed rally. However, some important price levels have to be flipped to turn more heads. The daily 200-SMA ran… Source link

Ethereum price is back in favor of the bulls after clawing back with two consecutive days of profit.  A favorable tailwind is emerging in cryptocurrencies after the more dovish FOMC decision.  Expect a return toward $4,000 in a matter of weeks for ETH. Ethereum (ETH) was in a correction phase at the beginning of the week. As the dust settles on a few global issues though, favorable tailwinds are emerging and helping bulls make a full recovery of the past two… Source link

Seasoned Bitcoin (BTC) hodlers are about to spark a new price run-up by hoarding BTC, data reveals this week. According to on-chain monitoring resource Glassnode, the Bitcoin supply is due to put in a fresh aging process. 1-year-old supply bottoms out Highlighting its active supply metric, Glassnode researchers noted that the percentage of the Bitcoin supply, which last moved a year ago or more, is forming a local bottom. Under such circumstances in the past, holders or “hodlers,” fresh from… Source link

Text size Bitcoin, Ethereum and Ripple coins. Josefkubes/Dreamstime Ethereum climbed above… Source link

Text size Bitcoin, Ethereum and Ripple coins. Josefkubes/Dreamstime Ethereum climbed above $3,000 early on Thursday, as… Source link