Ethereum

Is This When To Buy Bitcoin, Ethereum, Litecoin, Ripple’s XRP, Chainlink, And Other Cryptocurrencies?

Bitcoin has climbed this week, boosted by remarks made by the chairman of the Federal Reserve, Jerome Powell, on digital currencies and by renewed hopes of a fresh stimulus deal. The bitcoin price has climbed above $12,000 per bitcoin for first time since mid-August and is nudging its year-to-date highs. However, bitcoin’s rally has failed to boost other major cryptocurrencies, including ethereum, Ripple’s XRP, litecoin, chainlink. Now, researchers have identified what’s really driving… Source link

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3 Reasons Ethereum Is Dropping While Bitcoin Rallies

The price of Bitcoin (BTC) has been rallying strongly while Ethereum (ETH) and other large-cap alternative cryptocurrencies (altcoins) have slumped. In previous bull cycles, ETH front ran BTC, not the other way around. The current market dynamics are uncanny because Bitcoin has been solely increasing in price, while the cryptocurrency market stagnates. In fact, major altcoins, including Ethereum, have been dropping in value against both BTC and the U.S. dollar in the past nine days. … Source link

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Ethereum can rise to $800 in 2020 if this bull ‘mini-cycle’ repeats

Markets tend to behave in massive cycles. One of those cycles is the previous Bitcoin (BTC) price cycle from 2014 to 2017. However, within those cycles, are multiple smaller cycles that could often repeat. A similar approach and analysis can be made for Ethereum’s Ether (ETH), which is outperforming BTC year-to-date, as the majority of its impulse upward moves have corrected heavily to retest previous resistance levels. When is the best period to buy ETH/USD and what potential levels can be… Source link

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Ethereum Blockchain Killer Goes By Unassuming Name of Polkadot – BloombergQuint

Bloomberg Bloomberg | Quint is a multiplatform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences. Customer Support Americas+1 212 318 2000 Europe, Middle East, & Africa+44 20 7330 7500 Asia Pacific+65 6212 1000 Source link

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Analyst predicts ETH price at $2,000

Bitcoin (BTC) and Ethereum (ETH) fundamentals with an upward trend indicate an imminent price increase. Bitcoin’s mining rewards stand at $20 billion while the network records strong health. Bitcoin Jack analysts predict an Ethereum price of $2000 for Q4 2020 or early 2021. Despite the severe measures that the trading platforms BitMEX and OKEx have faced due to investigations by authorities, the fundamentals of Bitcoin and Ethereum remain strong. Both blockchains are in record moments of… Source link

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First Mover: As Ethereum Enthusiasm Builds, ‘Bear Case’ Could Still See Prices Double

Cryptocurrency markets are sending strong signals right now that the innovations coming from fast-emerging technologies like decentralized finance, or DeFi, could shake up the global order of banks and money managers and insurance companies.  A recurring theme at CoinDesk’s invest: ethereum economy virtual conference Wednesday was just how much money there is to be made in the fast-growing digital-asset industry. Talk of returns and yields was salted throughout the technical discussions of… Source link

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More than half of all Ethereum hasn’t moved in 12 months

More than half of Ethereum’s circulating supply has not moved in more than a year, with only 39.6% of Ether (ETH) changing hands over the past 12 months. According to Glassnode’s “hodlwaves” chart, which offers a chronological breakdown of the velocity of on-chain transactions, roughly 28% of Ether last moved between the past 12 and 24 months — comprising the largest segment of on-chain activity. Ethereum hodlwaves: Glassnode The data suggests that many whales spent 2019 accumulating… Source link

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CFTC Chairman Heath Tarbert Talks Ethereum, DeFi and the Next BitMEX

After the BitMEX enforcement action, are other noncompliant exchanges on the CFTC’s radar? “Maybe,” said Chairman Heath Tarbert. In an appearance Wednesday, the regulator largely deferred to his colleagues at the SEC on the question of whether ether in a proof-of-stake version of Ethereum would be a security or a commodity. He similarly punted on DeFi. “Let me just basically say how impressed I am by Ethereum, full stop, period.” No, that’s not a Silicon Valley investor. That was Heath… Source link

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Tether’s market cap could overtake Ethereum’s next year — Bloomberg report

A new report predicts Tether could surpass Ether’s market cap by the end of next year, paving the way to mainstream adoption of stablecoins and central bank digital currencies (CBDCs). According to Bloomberg’s Crypto Outlook report for Q4 2020 written by Senior Commodity Strategist Mike McGlone, Tether (USDT) is likely to take the number two position by market capitalization from Ether (ETH) in 2021. The report cited the “stagnant market cap” of ETH, which currently stands at $43.2… Source link

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