As Bitcoin price dropped below $55,000 on March 15, Ether (ETH) pulled back to confirm the $1,750 level as support. This signals optimism from professional traders despite the 12% drop that occurred after Ether price peaked at $1,950 on March 13. While Ether may be bullish from the price perspective, recent news surrounding the protocol hasn’t been positive. Last week, Cointelegraph reported the rising tensions between miners and developers as they clashed over the EIP-1559 proposal, which is… Source link

Ether (ETH) reserves on exchanges are continuing to decline despite being at historic lows. This trend indicates a supply shortage of ETH across major trading platforms following the release of an Ethereum 2.0 deposit wallet for staking. As Cointelegraph previously reported, staking neared $4 billion in January, leading to around 2% of ETH’s supply being locked in the Eth2 deposit contract. The low supply of ETH on exchanges should decrease the overall selling pressure on the asset, especially… Source link

Cryptocurrency is riding a bull trend like few stocks have, even if we include the massive dip we saw a few years ago. While Bitcoin (CCC:BTC-USD) gets all the attention, let’s not forget about Ethereum (CCC:ETH-USD). Source: Shutterstock If an investor is bullish on Bitcoin, it’s hard not to be bullish on Ethereum. They don’t trade in lockstep necessarily, as each has their own period of outperformance. However, they do tend to trade together and it’s unlikely one… Source link

Ethereum is currently trading at $1,770 following a 8.9% move to the downside since Sunday’s high of $1,939. The world’s second largest cryptocurrency by market cap has managed to find a natural level of support on the daily 21 exponential moving average. A daily close below that level, which is sitting at $1,733, would indicate a period of continuation to the downside, with price targets emerging at $1,639 and $1,450. However, a bounce from this region would form a crucial higher low from… Source link

The last 24-36 hours have been difficult for most of the crypto-market, with the likes of Monero, Waves, and Maker all following Bitcoin’s lead to drop down the price charts. With BTC holding steady above the $54k-mark at press time, it seems unlikely that corrections would be around for a long time, however. Monero [XMR] Source: XMR/USD on TradingView Monero, the crypto-market’s leading privacy coin, was ranked 22nd on CoinMarketCap, at press time. Like the rest of the altcoin market, Source link

SINGAPORE, March 16, 2021 /PRNewswire/ — Since completing the design of the secure multi-party computation algorithm in the solution Ethereum 2.0 Proof of Custody and implementing its first phase code last April, PlatON has been in close communication with Ethereum. Now, the two parties are about to launch a new round of cooperation to enhance the security of MPC project in the Ethereum 2.0 standard. To solve the data availability in Ethereum 2.0, the cooperative project – “MPC-based”… Source link

NVIDIA (NASDAQ:NVDA) recently announced a trendy new product: a cryptocurrency mining processor (CMP). These chips are specifically designed for mining Ethereum (CRYPTO:ETH), and the first shipments are expected to launch later this month. This move has several big implications for NVIDIA’s business. Here’s what investors should know. What does it mean to mine Ethereum? Every time someone sends or receives an Ethereum token, a transaction occurs. And… Source link

Ethereum Ethereum fell by 2.89% on Monday. Following on from a 3.79% slide on Sunday, Ethereum ended the day at $1,795.07. A mixed start to the day saw Ethereum rise to an early morning high $1,893.75 before hitting reverse. Falling short of the first major resistance level at $1,908, Ethereum slid to a late morning intraday low $1,734,87. Ethereum fell through the first major support level at $1,813 and the second major support level at $1,777. Finding late morning support, Ethereum revisited… Source link

Share Tweet Share Share Share Email Bitcoin has dipped in price as of Monday (March 15), slumping slightly from its high of $60,000 over the weekend, Reuters reported. In afternoon trading, bitcoin was down 5.3 percent at $55,865. In addition, the coin faces trouble in India, where a proposed bill would criminalize possession, issuance, mining, trading and transferring crypto assets. The bill would be in line with India’s stated goal of doing away with private virtual currencies. The… Source link

Litecoin Falls 10% In Rout Investing.com – was trading at $194.128 by 20:49 (00:49 GMT) on the Investing.com Index on Tuesday, down 10.19% on the day. It was the largest one-day percentage loss since February 23. The move downwards pushed Litecoin’s market cap down to $13.050B, or 0.78% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $15.750B. Litecoin had traded in a range of $193.548 to $202.772 in the… Source link