Ethereum

Bitcoin, after struggling over the last week in the face of regulatory pressure and environmental concerns, has crashed under $40,000 per bitcoin. The bitcoin price, which started May at almost $60,000, has dropped under the closely-watched $40,000 level after it emerged China was redoubling its crackdown on bitcoin and cryptocurrencies in the country. Meanwhile, other major tokens ethereum, Binance’s BNB, cardano and the viral meme-based dogecoin also crashed back—dragging the… Source link

It has been a bad week for the crypto space. Elon Musk is widely believed to play a major role in crashing Bitcoin’s price by $12k when he tweeted that Tesla will no longer be accepting Bitcoin. He framed this backtracking as an environmental concern due to the high levels of energy consumption required in Bitcoin mining. As a result, this had a cascading effect on almost all altcoins with very few exceptions. To set the record straight, it is very difficult to portray Bitcoin as an… Source link

According to a report from CoinShares, the month of May marked the first time that there has ever been more investment product trading volume in Ethereum (CRYPTO: ETH) than Bitcoin (CRYPTO: BTC). What Happened: The report revealed that last week’s outflows were solely from Bitcoin investment products which accounted for $98 million in assets under management. While the $98 million represented just 0.2% of digital assets under management across… Source link

BackyardProduction / iStock.com Cryptocurrencies have skyrocketed in popularity recently and this trend shows no signs of slowing. Given all the talk around these digital assets, you might be wondering whether now is the time to invest. But before pulling the trigger, it’s always a good idea to have an understanding of the underlying asset. Cryptocurrency is no exception and it is quite different than investing in stocks or bonds. Read: Dogecoin’s Major Price Increase: Is It a Worthwhile… Source link

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Bitcoin Bitcoin, BTC to USD, slid by 20.06% in the week ending 16th May. Reversing a 2.96% gain from the previous week, Bitcoin ended the week at $46,597.0. A mixed start to the week saw Bitcoin rise to a Monday high intraweek high $59,589.8 before hitting reverse. Falling short of the first major resistance level at $60,831, Bitcoin slid to a Sunday intraweek low $44,021.0. The extended sell-off saw Bitcoin fall through the first major support level at $54,341 and the second major support level… Source link

Vitalik Buterin, originally from Russia, is the creator of the Ethereum blockchain used for the … [+] latest DeFi apps and non-fungible tokens. Look how much it’s up in five years. KMR Images Ethereum, the most traded cryptocurrency after Bitcoin, had a bad weekend. Fear not, crypto bulls. The market is still bullish long term for ETH. That seems to be the consensus. Marc Cuban says it even “dwarfs Bitcoin.” “There was a relentless spot bid in ETH for several week but… Source link

As the meme-friendly Dogecoin has showed us, the next hot cryptocurrency can come from almost anywhere. While the majority will undoubtedly be volatile, I don’t think we have seen the last of crypto mania, and I am sure there are other growth tokens that will emerge. It will be important to split them into two pots: Those that have real-world utility, like Ethereum, and those that are more artificially inflated, like Dogecoin, which may be able to… Source link

Ethereum is on the rise. If you’re planning to buy some of your own, here are the mistakes to avoid. Like many cryptocurrencies, Ethereum has been growing in value since last year. But in the last few weeks, its price has gone through the roof. It recently set a new all-time high by trading at over $3,500. Ethereum has consistently ranked as the second-largest cryptocurrency after Bitcoin. With the recent price increases, you may have decided that now is the time to buy Ethereum. Before you… Source link

Cryptocurrency has been making headlines in recent months, and three types of digital currencies, in particular, are gaining the most attention: Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Dogecoin (CRYPTO:DOGE). Not all cryptocurrencies are created equal, and it can be confusing trying to decide which type is right for you. Each currency has advantages and disadvantages, and which one you choose to invest in will depend on your unique… Source link