The birth of Bitcoin (BTC) over a decade ago has opened doors to many other cryptocurrencies. Although it still reigns as the most popular and largest cryptocurrency by market capitalization, Ethereum is trailing behind steadily while Dai is also rising in popularity. In this simple guide to Ethereum and Dai, we’ll take a closer look to understand both cryptocurrencies better. Currently, Ethereum is the second most popular cryptocurrency. Despite the exciting growth of cryptocurrencies,… Source link

Ethereum Ethereum fell by 1.23% on Friday. Partially reversing a 5.96% rally from Thursday, Ethereum ended the day at $409.52. It was a mixed start to the day. Ethereum rose to a late morning intraday high $419.48 before hitting reverse. Falling short of the first major resistance level at $427.00, Ethereum slid to a late afternoon intraday low $401.51. Steering clear of the first major support level at $396.86, Ethereum recovered to $410 levels before easing back. At the time of writing,… Source link

Reuters / Dado Ruvic Bitcoin has “considerable” upside in the long-term as it better competes with gold as an alternative currency, JPMorgan said in a note on Friday. With millenials set to become a more important market participant over the next few decades, their favorability towards bitcoin over gold should set up the cryptocurrency for success, according to JPMorgan. But bitcoin still represents only a paltry sum of the gold market, and the cryptocurrency would have to… Source link

As the world’s largest and most dominant cryptocurrency, Bitcoin obviously shares high correlation stats with many of the market’s altcoins. However, while this may be the case, such a correlation isn’t always consistent or even uniform. The same was evidenced when looking at the price charts for Monero, Synthetix, and Crypto.com Coin, with each of these alts reacting differently to the king coin’s market movements. Monero [XMR] Source: XMR/USD on TradingView The price movements of… Source link

A chain of block erupters used for Bitcoin mining is pictured at the Plug and Play Tech Center in Sunnyvale, California, October 28, 2013. REUTERS/Stephen Lam Bitcoin’s massive leap since Wednesday may have gone too far, too fast. The world’s most popular cryptocurrency surged above $13,000 on Wednesday and continued to climb through the week after PayPal announced its users will soon be able to buy, sell, and hold bitcoin. Yet the token’s 14-day Relative Strength Index passed… Source link

Bitcoin was higher, just above $13,000 and rising for a seventh straight day – the longest winning streak in six months.  “A continuation would probably require more positive news,” Matt Blom, head of sales and trading for the publicly traded cryptocurrency firm Diginex, wrote Thursday in a note to clients. In traditional markets, European indexes rose on positive corporate earnings and strong German manufacturing data, and U.S. stock futures pointed to a higher open. Gold strengthened… Source link

The bitcoin and cryptocurrency community has been set alight by news payments giant PayPal PYPL will allow its 346 million users buy and spend bitcoin and a handful of other major cryptocurrencies. The announcement, coming from a traditional financial industry giant and perceived enemy of bitcoin, has been taken as vindication for long-time bitcoin believers. However, celebrations were somewhat stifled by small print that revealed PayPal wouldn’t let users transfer their… Source link

The third-quarter decentralized finance boom has resulted in the Ethereum (ETH) network processing more than twice the daily transaction volume of Bitcoin (BTC). According to crypto market data aggregator Messari, the 30-day rolling daily average for Ethereum transaction volume is currently $7 billion, with Bitcoin processing less than $3 billion. If the current trend continues, Messari predicts Ethereum will become the first public blockchain to settle $1 trillion in transfers over a… Source link

PayPal’s support for Litecoin triggered the recent upward price action. LTC/USD loses steam towards $60 as investors sell the news; correction to $50 is likely. Litecoin traded within a whisker of $70 in August following a remarkable recovery from March’s crash. However, the cryptoasset resumed the downtrend within a descending parallel channel. For more than two months, LTC/USD sustained nursed wounds but was treated to occasional pull-ups. September’s support,… Source link

Ethereum Ethereum rallied by 5.96% on Thursday. Following on from a 6.16% gain on Wednesday, Ethereum ended the day at $414.7. It was a bullish day, with Ethereum rallying from an early morning intraday low $391.33 to a late intraday high $421.47. The rally saw Ethereum break through the first major resistance level at $406.75. Coming within range of the second major resistance level at $421.96, however, Ethereum slipped back to sub-$415 levels. At the time of writing, Ethereum was down by 0.34%… Source link