Ethereum

What happened Cryptocurrencies lost ground Wednesday as investors continued to attempt to assess the state of the U.S. economy and what steps the Federal Reserve will need to take to rein in high inflation. As of 1:25 p.m. ET, the price of the world’s largest cryptocurrency, Bitcoin (BTC -4.87%) had fallen 3.4% over the prior 24 hours. The world’s second-largest cryptocurrency, Ethereum (ETH -7.13%), had fallen about 4%, and meme token Dogecoin (DOGE -6.66%) was off by more… Source link

Ether (ETH) price has been trying to establish an ascending channel since the May 12 market-wide crash that sent its price to $1,790. Currently, the altcoin’s support stands at $2,000, but the high correlation to traditional markets is causing traders to be highly skeptical s cryptocurrency market recovery.  Ether/USD 4-hour price at Bitstamp. Source: TradingView To date, the Federal Reserve continues to dictate the markets’ performance and uncertainty has been the prevailing sentiment… Source link

Popular crypto and stock trading platform Robinhood enters the NFT space with a standalone multichain Ethereum wallet similar to the likes of Coinbase and Metamask which are Web3-focused products. The non-custodial crypto wallet allows storage of varied NFTs which is also designed to be compatible with NFT marketplaces. There is a waitlist for Robinhood and the crypto wallet set to launch by the end of the year will be available for the first 1,000 registered… Source link

Many regarded Bitcoin as the future currency, whereas Ethereum is the second most cryptocurrency behind Bitcoin Evolution App. It is the fastest-growing currency. They are both comparable. Both are decentralized, which means a central bank does not govern them—in both cases, deploying blockchain technology. Now discuss them one by one. About bitcoin Bitcoin, is the world’s first decentralized peer-to-peer digital currency. Because all bitcoin transactions are between equal network… Source link

Ethereum price has flipped bearish from a macro perspective after creating a second lower low at $1,700. Investors should be prepared for a worst-case scenario that puts ETH at $600. A three-day candlestick close above $3,396 will invalidate the bearish thesis.  Ethereum price is in a tough spot despite the recent crash and indicates that a further downtrend is on the cards. The case for a bullish trend will only be revived after ETH produces a higher high from a… Source link

Bitcoin failed at decisively overcoming $31,000 and has retraced by over $1,000 to a familiar ground of approximately $30,000. Most altcoins are also slightly in the red today, with Ethereum fighting to stay above $2,000. Polkadot has lost the most from the larger-cap alts. Bitcoin Stalls at $30K Last week was nothing short of a volatile rollercoaster for bitcoin, in which the asset plummeted by $15,000 at one point from $40,000 to a multi-month low of $25,300. After… Source link

Crypto venture fund giant Andreessen Horowitz (a16z) has highlighted that development and demand on Ethereum is “unmatched” despite the network’s high transaction fees. The firm does warn, however, that its “popularity is also a double-edged sword” given Ethereum prioritizes decentralization over scaling, resulting in competing blockchains stealing market share with “promises of better performance and lower fees.” The comments came via a blog post introducing a16z’s 2022… Source link

Ethereum’s charm in the crypto-space may be diminishing. Not just because of its underwhelming price action, but also because people don’t really want it right now. From institutional investors to retail investors, ahead of the Merge, everyone is holding back. And, it is now bearing adverse effects on Ethereum. Ethereum continues to suffer and… After the devastating crash last week, most retail investors engaged in a market-wide sell-off. Not institutional investors, however. They… Source link

Vitalik Buterin – co-founder of Ethereum – outlined some of his conflicting realizations and beliefs around cryptocurrency on Monday. He detailed the way that his idealistic vision for how Ethereum should grow – and what it should become – is failing to match reality. Comparing Ethereum and Bitcoin The programmer – who has never hesitated to criticize Bitcoin in the past – began his lengthy Twitter thread with a display of admiration for the primary crypto… Source link

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