By Analytics Team, Giottus Cryptocurrency Exchange The past week has been a volatile one for the crypto market as Bitcoin (BTC) dropped from $36,000 levels to $29,000 mid-week before regaining most of the losses later. BTC was trading at $31,000-32,000 – a key support range that can determine the next few weeks of activity in the cryptocurrency market. Most altcoins followed BTC through the week with no standalone breakout. In this volatile scenario, traders are likely to avoid leveraged… Source link

In this article, we will take a look at the price movement for Ethereum (ETH) in the 2015-2018 bullish cycle and compare it to the current one. While both upward movements have continued for a similar amount of time, the 2020 movement had a much smaller magnitude than the movement preceding it. First bullish cycle The first upward movement for ETH began on Oct. 2015. At the time, the token was trading at a low of only $0.42. The upward movement continued for 812 days, leading to a then all-time… Source link

Ethereum Ethereum slid by 9.04% on Friday. Reversing a 1.04% gain from Thursday, Ethereum ended the day at $1,809.07. A mixed start to the day saw Ethereum rise to an early morning intraday high $2,019.39 before hitting reverse. Falling short of the first major resistance level at $2,055, Ethereum slid to a mid-afternoon intraday low $1,792.00. The sell-off saw Ethereum fall through the first major support level at $1,904 and the second major support level at $1,819. Steering clear of the 62% FIB… Source link

Bitcoin traded lower on Friday as the price struggled near the $35,000 resistance level. The cryptocurrency was trading around $32,000 at press time and is down about 8% over the past 24 hours. Some analysts expect continued weakness into the weekend as a volatile month nears its end.  Latest prices S&P 500: 4280.7, +0.33% Gold: $1779.2, +0.22% 10-year Treasury yield closed at 1.531%, compared with 1.492% on Thursday Traders whipsawed Ongoing concerns about regulatory crackdowns and… Source link

After China announced that it would begin ramping up its efforts to restrict the mining of cryptocurrency, the price of bitcoin (BTC-USD) fell to below $30,000 earlier this week, trading at a value not seen since the turn of the new year. The cryptocurrency has since rebounded slightly, now holding at a level just above $32,000. Though the news and subsequent crash may have caused short term headaches in the crypto market, China’s crackdown on mining may actually benefit crypto in the long… Source link

Illustration by Sjoerd van Leeuwen Text size Canada is planting 30 million trees this season. The purpose is to build a powerful carbon sink. Carbon is not the only thing that modernity produces in excess. There is a surfeit of capital. Absorbing it has become a major challenge and threatens financial stability…. Source link

Ethereum remains in a desperate posture on all time frames, with it appearing that a major correction is on the cards over the coming weeks and months. The industry’s second largest asset is currently trading at $1,832 having rejected off the daily 200 exponential moving average following yesterday’s daily close. In order to demonstrate even the slightest hint of strength, Ethereum needs to begin closing daily candles back above the $2,000 mark. Another key point of resistance is $2,150, as… Source link

The Litecoin price has been under pressure and the daily chart points to further weakness. The LTC is trading at $130, which is about 68% below the highest point this year. This has seen its market capitalization drop to more than $8.7 billion making it the 13th biggest cryptocurrency in the world. Litecoin is a relatively old cryptocurrency project that was built to be an alternative to Bitcoin. The coin works in a relatively similar way to Bitcoin but it is… Source link

A record $1.5 billion in ether options is set to expire on Friday.  Experts see short and long-term opportunities arising from the volatility that may occur. Insider asked 6 crypto investors and influencers for their outlooks on what may happen next.

Ethereum Ethereum rose by 1.04% on Thursday. Following on from a 4.63% gain on Wednesday, Ethereum ended the day at $1,988.81. A mixed start to the day saw Ethereum fall to an early morning intraday low $1,884.77 before making a move. Steering clear of the first major support level at $1,847, Ethereum rallied to a late intraday high $2,035.39. Falling short of the first major resistance level at $2,068, Ethereum eased back to end the day at sub-$2,000 levels. At the time of writing, Ethereum was… Source link