Ethereum‘s native Ether token (ETH) may beat Bitcoin (BTC) to new all-time highs, fresh analysis reveals. In a tweet on Aug. 18, Ki Young Ju, CEO of on-chain analytics service CryptoQuant, highlighted a “sell-side liquidity crisis” which could yet give ETH the edge over BTC. Ethereum liquidity shortfall “intensifying” With Bitcoin up over 50% versus its lows of $29,000, altcoins have also begun to reawaken, with Ethereum no exception. The largest altcoin has recaptured $3,000, a level… Source link

Bitcoin (BTC) fell to test $44,000 on Aug. 18 with traders still bullish on new all-time highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Eyes on $42,000 for higher low Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local lows of $44,215 on Bitstamp overnight. A continuation of consolidation seen on Tuesday, the latest dip marks a $3,800 comedown after Bitcoin saw rejection at $48,000 several days ago. This was expected — seller pressure from that… Source link

Ethereum Ethereum fell by 4.31% on Tuesday. Following a 4.97% slide on Monday, Ethereum ended the day at $3,011.01. A mixed start to the day saw Ethereum rise to a midday intraday high $3,293.15 before hitting reverse. Falling short of the first major resistance level at $3,280, Ethereum slid to a late intraday low $2,992.15. Ethereum fell through the first major support level at $3,074 and the second major support level at $3,001. Finding late support, however, Ethereum broke back through the… Source link

Cryptocurrencies were mostly lower on Tuesday as declining volume suggests a pullback is near. Bitcoin was trading around $45,418 at press time and is down about 1.6% over the past 24 hours.  Some analysts are optimistic about the long-term recovery in crypto prices, although the pace of the upside will likely slow over the short term.   “While many of the technical and on-chain indicators confirm this rebound’s strength, it may still be early to say we are out of the woods,” Nathan… Source link

Ethereum Classic (CRYPTO: ETC), Ethereum (CRYPTO: ETH) and Bitcoin (CRYPTO: BTC) were just a few of the popular cryptocurrencies consolidating on Tuesday. All three cryptos had a relative strength index (RSI) registering above 70% which put them into overbought territory and the consolidation was needed. For technical traders, an extended RSI is a sell signal and some traders of the cryptos may have decided to sell some or all of their positions with the hope to buy back and lower or average… Source link

Ethereum Classic (CRYPTO: ETC), Ethereum (CRYPTO: ETH) and Bitcoin (CRYPTO: BTC) were just a few of the popular cryptocurrencies consolidating on Tuesday. All three cryptos had a relative strength index (RSI) registering above 70% which put them into overbought territory and the consolidation was needed. For technical traders, an extended RSI is a sell signal and some traders of the cryptos may have decided to sell some or all of their positions with… Source link

Leading the crypto market for the past month, Ethereum still displays conviction as it moves back to previous highs. The second cryptocurrency by market cap has slow down in the past day, but still seems bullish to records more gains in the short term. At the time of writing, ETH trades at $3,157 with a 2% loss in the daily chart. After the EIP-1559 was introduced with the Hard Fork London, Ethereum took a stronger momentum to the upside. ETH with minor losses in the 24-hour chart. Source: Source link

The daily supply of Ethereum is under heavy pressure as the leading smart contract platform now burns thousands of ETH per day. Etherchain, an Ethereum on-chain monitoring tool, shows that the second-largest crypto asset is now torching 4.23 ETH per minute, which equates to 6,091.2 ETH burned per day, worth over $19 million at time of writing.   Etherchain also indicates that the network has burned a total of 54,482 ETH, worth over $172 million, since Ethereum launched the London… Source link

A hero reports the first and second Monero Atomic Swaps on the mainnet. This is a great day for decentralization and privacy, if you believe in such things. As Seth For Privacy reports, “You can, today, swap Bitcoin <> Monero directly peer-to-peer, over Tor, with no custodian or trusted 3rd-party, no KYC (Know Your Customer) info, nothing.” And he should know, because he and an unknown bitcoiner were the first persons to ever do it. XMR <-> BTC atomic swaps… Source link

Seven years ago, eight brainiacs with diverse talents and lofty ambitions broke bread in Zug, Switzerland, and hashed out the future of what would become the world’s busiest blockchain. Get Our Icahn eBook! Get our entire 10-part series on Carl Icahn and other famous investors in PDF for free! Save it to your desktop, read it on your tablet or print it! Sign up below. NO SPAM EVER Q2 2021 hedge fund letters, conferences and more With Ethereum, the enterprising octad sought… Source link