Ethereum

New Delhi: Most major cryptocurrencies plunged on Wednesday as bears continue to push prices lower. Barring US dollar pegged coins, the top 10 traded cryptocurrencies were down up to 25 per cent in the last 24 hours. Bitcoin was down 8 per cent while Ethereum tanked 21 per cent. Binance Coin, XRP and Cardano were also down in double digits. Interestingly, the sell-off happened at a relatively higher volume, meaning this trend may continue for some time, said analysts. “The markets are… Source link

Ether (ETH) perhaps had the most bullish outlook entering the July session, with a key technical update dubbed EIP-1559, promising to make its native token ETH scarcer through the network’s first-ever burning mechanism. But so far into the month, the second-largest cryptocurrency by market cap has vastly tailed its top rival Bitcoin. The positive correlation was visible on July 13, following the New York opening bell, when Ether plunged below $2,000 to hit its two-week low in sync with… Source link

What happened It’s Tuesday, and for the second day in a row, cryptocurrencies are going down. In 10:30 a.m. EDT trading today: So what Why is that? As we saw last week, and as we saw yesterday, the answer appears to be government regulation and action — not just in the U.S. but around the world. Image source: Getty Images. In the United Kingdom, authorities just announced a “significant” operation to seize what they called laundered “proceeds of… Source link

Ethereum remains trapped in a tight range during a period of extremely low volatility. Short term support continues to prop price just below the $2,000 mark, while $2,050 has become a bitter point of resistance on the lower time frames. Higher time frames paint a more dreary macro picture for Ethereum, with the weekly 21 exponential moving average becoming a stubborn point of resitance to the upside at $2,175. It’s worth noting that anticipation around Ethereum’s upcoming London fork is… Source link

New Delhi: Major cryptocurrencies were trading lower on Tuesday after investors booked profits. The digital token market has been cautious recently, following negative news flow last week. Eight out of top-10 digital currencies were trading lower at 9.30 hours IST, declining as much as 8 per cent. Trading volumes at major cryptocurrency exchanges fell by more than 40 per cent in June, research showed on Monday, with a regulatory crackdown in China and lower volatility among the factors… Source link

If you’re still getting up to speed on the cryptocurrency space, you’ve probably heard of Ethereum, which ranks as the second-largest cryptocurrency after bitcoin. Following in the footsteps of John Rekenthaler, I’ll write this article with Morningstar’s typical audience in mind–well-informed investors who own conventional securities, such as mutual funds and exchange-traded funds, but haven’t yet added cryptocurrencies to their portfolios. This article will explain some of the basics of… Source link

Bitcoin has struggled to break above $36,000 in the last few days, but stayed above $32,000, and has recently been unable to either break upwards or correct downwards. Photo: STR/NurPhoto via Getty Images Major crypto tokens dwindled back into the red after gains on Monday as analysts warned that bitcoin and ethereum prices are “in danger“.  It came after reports that former bitcoin (BTC-USD) and ethereum (ETH-USD) miners in China have been dumping GPUs (graphics processing unit), which is… Source link

Reuters Vietnam’s VinFast starts operations in North America and Europe Vietnam’s first domestic car manufacturer, Vinfast, said on Monday it has opened offices in North America and Europe, joining a crowded field of players seeking to woo customers with smart electric cars. VinFast, a unit of Vietnam’s largest conglomerate Vingroup JSC, became the country’s first fully fledged domestic car manufacturer when its gasoline-powered models built under its own badge hit the streets in 2019. … Source link

Bitcoin Bitcoin, BTC to USD, fell by 2.93% in the week ending 11th July. Reversing a 1.53% gain from the previous week, Bitcoin ended the week at $34,244.0. In a mixed start to the week, Bitcoin rose to a Monday intraweek high $35,280.0 before hitting reverse. Falling short of the first major resistance level at $37,017, Bitcoin slid to a Thursday intraweek low $32,063.0. Bitcoin fell through the first major support level at $33,117 before a partial recovery to $34,200 levels. 4 days in the red… Source link

New Delhi: Major cryptocurrencies were trading higher on Monday after a tepid weekend trade. The digital token market cheered the absence of any negative news flow after a jittery week. The crypto market jumped as much as 6 per cent from the previous day, with eight out of the top 10 digital currencies trading higher at 9.30 hours IST. The Federal Reserve singled out a surge in crypto asset prices for the first time in its overall assessment of the stability of the financial system, saying… Source link