Ethereum

Here’s something different. The Ethereum/Bitcoin ratio pattern just changed and it may be something to watch. For the last few weeks, Ethereum has been looking like high-beta Bitcoin. When Bitcoin went up, Ethereum went up more. When Bitcoin went down, Ethereum went down more. This was starting to catch the attention of a lot of people on Wall Street. And, in general, there’s been a lot of attention paid to Ethereum’s relative strength — particularly on the way up.  But for the… Source link

Here’s something different. The Ethereum/Bitcoin ratio pattern just changed and it may be something to watch. For the last few weeks, Ethereum has been looking like high-beta Bitcoin. When Bitcoin went up, Ethereum went up more. When Bitcoin went down, Ethereum went down more. This was starting to catch the attention of a lot of people on Wall Street. And, in general, there’s been a lot of attention paid to Ethereum’s relative strength — particularly on the way up.  … Source link

<!– (function(w, l){ w[l]=w[l]||[]; w[l].push({ ‘gtm.start’: new Date().getTime(), … Source link

The first Ethereum node was launched into outer space on Thursday, June 3, as part of an initiative to bring enhanced security to blockchain transactions.  Also, the Ethereum 2.0 network received a record-breaking number of new deposits in May, indicating increased interest for and investment in Ethereum’s plans to reduce blockchain energy consumption through a proof-of-stake (PoS) consensus protocol.  Pulse check: Deposits on Eth 2.0 hit record high (As of 6/8/2021 @ 20:47 UTC) In May, the… Source link

New Delhi: Major Cryptocurrencies continued to trade lower on Wednesday. However, the cuts were marginal and seven top 10 digital currencies lost up to 2 per cent at 9.30 hours IST. Crypto market has remained tepid in the last 24 hours. Virtual currencies, led by Bitcoin, have been mired in a downtrend spiral in recent weeks, losing up to 50 per cent since record highs of mid-April. Tweets from Tesla boss Elon Musk and regulatory curbs from China have turned investors anxious. Meanwhile,… Source link

It’s another bumpy day in the cryptocurrency space as headlines continue to fly and as uncertainty remains high. Ethereum is down 10.5%, while Bitcoin is off 7%. The group is suffering its worst decline since last month. Bitcoin is now testing into prior support, while Ethereum is clinging to its rising trend line. As we’ll go over in a minute, the technicals showed signs of waning momentum. However, Tuesday’s news doesn’t seem to be helping. Specifically, federal agents were able to… Source link

NKTN / Getty Images Crypto custody bank Anchorage is now adding ethereum-backed loans to its digital collateral offerings. The bank will provide the crypto-backed loans through BankProv, formerly known as Provident Bank. Anchorage already offers bitcoin-backed loans through Silvergate Bank. See: Banks in Nebraska to Accept Crypto – Despite Warren Buffett’s MisgivingsFind: Americans are Looking for Bitcoin Life Insurance BankProv CEO said, “We firmly believe in our mission that the crypto… Source link

Bitcoin and ethereum have seen their rivalry increase in 2021 as the battle for dominance among cryptocurrencies heats up. The bitcoin price has soared by almost four-fold over the last 12 months, however, the ethereum price has rocketed 1,000% during the same period—closing the (still sizable) gap between the two biggest cryptocurrencies’ market capitalizations. ADVERTISEMENT Now, as the meme-based dogecoin nips at the heels of the biggest cryptocurrencies, another… Source link

Solana logo Solana Leading Ethereum challenger Solana could be making a big play to become the preferred blockchain for decentralized applications, such as DeFi and NFT offerings, if rumors of a funding round that could reach $450 million, prove to be true. We’ve heard from a Solana representative who didn’t confirm the rumors, but certainly didn’t deny them either.  “This information wasn’t shared by our team, we’ve asked decrypt to redact but they have… Source link

Bitcoin Bitcoin, BTC to USD, rose by 0.48% in the week ending 6th June. Following a 2.50% gain from the previous week, Bitcoin ended the week at $35,780.0. A mixed start to the week saw Bitcoin fall to a Sunday intraweek low $34,160.0 before making a move. Steering clear of the first major support level at $32,362, Bitcoin rallied to a Thursday intraweek high $39,482.0. Falling short of the first major resistance level at $39,875 and $40,000 levels, Bitcoin fell back to sub-$35,000… Source link