It looked like Ethereum (CRYPTO:ETH) was going to make a big move and sure enough, it has. ETH has decisively broken the resistance that was at the $2,500 level. There wasn’t enough supply to satisfy all of the demand, which has forced buyers to pay higher prices, and it has resulted in a rally. But now it’s overbought. This means it could consolidate or start to trade sideways. On the below chart, the red line is two standard deviations above the recent 20-day… Source link

Text size Dreamstime Stocks with exposure to cryptocurrencies have gotten a turbo-boost this year. As the price of Bitcoin and other coins has soared, public companies seen as proxies for the new asset class have sometimes risen even more than the cryptocurrencies themselves. One reason for that dynamic is that traditional investors have… Source link

At the time of writing, Bitcoin, the world’s largest cryptocurrency, was continuing its recovery run with its breach of the $55,000-level. Source: Coinstats The aforementioned breach had a corresponding effect on the price fortunes of the market’s alts, with the likes of Litecoin, Monero, Zcash, and Chiliz hiking too. Litecoin [LTC] Source: LTC/USD on TradingView The cryptocurrency dubbed the silver to Bitcoin’s gold, Litecoin, at press time, had climbed by over 16% since the… Source link

Dado Ruvic/Reuters Major banks from JPMorgan to UBS are increasingly keen on the Ethereum blockchain network, and it’s helping the system’s cryptocurrency, ether, soar to record highs. Ether rose to an all-time high of $2,710 during Asian trading hours, before paring some gains to stand at around $2,672 on Wednesday. The world’s second-most popular cryptocurrency had risen 15% over the week to Wednesday, according to data provider CoinGecko. It had gained around 260% in 2021 so far,… Source link

Pulse check: When a client goes down As of 4/20/2021 @ 19:33 UTCSource: CoinDesk Data Dashboard and beaconcha.in The Ethereum 2.0 network had its first major incident on Saturday, April 24. A bug was discovered in the software client, Prysm, that prevented roughly 70% of validators on the network from producing blocks. As background, there are four main Eth 2.0 software clients: Prysm, Teku, Lighthouse and Nimbus. In order to become a validator and earn rewards on the network, a user must… Source link

Photographer: Michael Nagle/Bloomberg © 2021 Bloomberg Finance LP Cycles exist in all markets. The researcher simply needs enough data to compute meaningful cycles. The first attempts at computing cryptocurrency cycles were not successful because insufficient data produced unstable cycles. Over the past few months, the cycles have become more consistent.   The first graph is a monthly histogram depicting the price behavior of the Grayscale Bitcoin Trust (GBTC). We can see… Source link

Ethereum Ethereum rose by 5.31% on Tuesday. Following on from a 9.11% rally on Monday, Ethereum ended the day at $2,667.86. A mixed start to the day saw Ethereum fall to an early morning intraday low $2,484.56 before making a move. Steering clear of the first major support level at $2,379, Ethereum rallied to a late afternoon intraday high and a new swing hi $2,683.00. Ethereum broke through the first major resistance level at $2,615 before easing back to $2,605 levels. Finding late support,… Source link

Litecoin founder Charlie Lee spoke on CNBC, explaining the differences between Litecoin and Bitcoin. He reiterated past comments on it being cheaper and faster. But, what’s interesting is that CNBC rarely gives much coverage to LTC, yet Lee had the opportunity to promote his project to a mainstream audience. Litecoin is One of a Few Long-Standing Projects Still Prominent Today Charlie Lee launched Litecoin in October 2011 with the… Source link

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The alleged administrator of Bitcoin Fog kept the dark web service running for 10 years before the IRS caught up with him. For a decade, Bitcoin Fog has offered to obscure the source and destination of its customers’ cryptocurrency, making it one of the most venerable institutions in the dark web economy. Now the IRS says it has finally identified the Russian-Swedish administrator behind that long-running anonymizing system and charged him with laundering hundreds of millions of dollars… Source link