Ethereum

Ethereum rallied on Saturday, as the world’s second-largest cryptocurrency moved closer to the $3,000 level. The global crypto market cap was over 4% higher as of writing, with bitcoin climbing by nearly 3.5%. Bitcoin Bitcoin (BTC) climbed above $42,000 for the first time in ten days to start the weekend, as cryptocurrencies rallied, following a week of volatility. Crypto prices were traded with high levels of uncertainty following the Fed rate hike, however, as markets seem to have… Source link

The amount of Ethereum‘s native token Ether (ETH) kept with crypto exchanges has fallen to its lowest levels since September 2018, signaling traders‘ intention to hold the tokens in hopes of a price rally in 2022. Notably, nearly 550,000 ETH — worth around $1.61 billion — have left centralized trading platforms year-to-date, according to data provided by Glassnode. The massive outflow has reduced the exchanges‘ net-Ether balance to 21.72 million ETH, down from its record high of… Source link

What happened The top altcoin by market captailization in the cryptocurrency sphere, Ethereum ( ETH 5.41% ), had a fine Friday. The coin was up by nearly 5% across the preceding 24 hours as of late afternoon trading, a rate that was more than three times the percentage gain of the S&P 500 index of stocks. Investors are clearly feeling more confident about cryptocurrencies, and Ethereum is a top name within that group of assets. So what As a whole, cryptocurrencies are coming… Source link

More than $500 million worth of Ethereum was withdrawn from cryptocurrency exchanges earlier this week, as traders look to hold on to their crypto in anticipation of bullish price action. This is according to data shared by IntoTheBlock, a crypto market research firm, which shows that 180,000 ETH was withdrawn from exchanges on Tuesday. This figure represents the highest aggregated exchange withdrawal of ETH since October, the firm tweeted. At the time, the outflow of ETH preceded a 15%… Source link

Key Takeaways Ethereum is up nearly 16% in the last five days.  On-chain data shows a large number of tokens moving out of exchanges.  Further buying pressure could push ETH to $3,300 or higher.  Share this article Ethereum could be ready to rise after overcoming a significant supply barrier. A spike in buying pressure could result in a major rally. Ethereum Breaks Critical Resistance Ethereum appears to be bound for significant price action as its on-chain activity turns… Source link

Bitcoin (BTC) saw brisk upwards action during the Wall Street trading session on March 18, conforming to predictions that higher levels would see a retest. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bets placed on $46,000 Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it advanced $1,650 from daily lows to nearly matching the $41,700 high from March 16. The move buoyed traders, who began to reinforce their short-term view of levels near the top of… Source link

Bitcoin (BTC/USD) Analysis Key Highlights BTC’s price is in the consolidation phase between $45,850 and $34,324 with a bullish bias. The pair is trading within a symmetric triangle. Technical Analysis Intraday trend – Bullish On the daily chart, the pair is trading above Tenken-sen ($40,079), Kijun-sen (39,828), and below Ichimoku Kumo cloud ($41,030). It hits a high of $40,957 at the time of writing and is currently trading around $40,769. Major support is seen at $39,485. A drop below this level… Source link

In a few minutes, electronic music will start pulsing, stuffed animals will be flung through the air, women will emerge spinning Technicolor hula hoops, and a mechanical bull will rev into action, bucking off one delighted rider after another. It’s the closing party of ETHDenver, a weeklong cryptocurrency conference dedicated to the blockchain Ethereum. Lines have stretched around the block for days. Now, on this Sunday night in February, the giddy energy is peaking. … Source link

Chunumunu/iStock via Getty Images Quick Summary HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE) is different compared to many miners because it mines both Bitcoin and Ethereum, whereas most publicly traded miners only mine Bitcoin currently. The differentiation has created a different risk profile, which is even more complex due to the impending switch of Ethereum to proof-of-stake. Compared to the selected peer group, HIVE leads in many ways fiscally and has mixed results operationally. … Source link