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Ethereum [ETH] has witnessed quite a difficult journey in July. The alt’s price hit as low as $1,040 and then scorched up to $1,640 within a period of three weeks. Such a price change of over 58% is a rare anomaly in major chains, such as Bitcoin [BTC] and Ethereum. But the latest ugly start to the week has raised a few eyebrows. And, you might ask- will Ethereum be a case of “buying the rumor, selling the news?” Well, the Ethereum network is sending out mixed signs at… Source link

Ethereum declined towards $1,350 before recovering higher against the US Dollar. ETH is now facing a major resistance near the $1,460 and $1,500 levels. Ethereum extended losses and traded below the $1,400 level. The price is now trading below $1,460 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,440 on the hourly chart of ETH/USD (data feed via Kraken). The pair could struggle to recover above the $1,440 and $1,460 resistance… Source link

Globalization + What Is Money = Bitcoin What is money? It’s one of the more popular questions of the last few years. Especially in 2020 and 2021, when the grand, new U.S. administration decided to act as if a drunken sailor had taken over the keys to the printing press. “You get money, you get money, and you get …” CTRL+P … CTRL+P … CTRL+P … So — what is money? It’s a question I asked early in my journey that started in the depths of the Great Financial Crisis (GFC). I asked… Source link

Institutional investors had been showing bearish sentiment towards Ethereum for the longest time. The second-largest cryptocurrency by market cap, which had initially caught their attention, was not doing as well as expected, and the outflows that followed were massive. However, it looks like sentiment among these large investors is beginning to turn positive as Ethereum has begun to record inflows. Ethereum Inflows Balloons Over the last several weeks, Ethereum inflows have been ramping… Source link

This is an opinion editorial by Adam Taha, an entrepreneur with two decades of government and corporate finance experience. The latest consumer price index (CPI) print came out at a shocking 9.1% (9.8% in cities), and many speculators expected bitcoin’s price to “moon.” What happened was the opposite and bitcoin’s price action correlated with other risk assets. Many threw an expected tantrum and asked why? “I thought BTC was a hedge against inflation … when moon?” Keep in mind… Source link

Published 42 mins ago The Monero (XMR) price performed well in the crypto space, resulting in a 44% increase in its 24-hour trading volume. The XMR buyers have kept the buying interest as the price rebounds from the lower levels. advertisement XMR price prints some fresh gains following a previous day’s sell-off. The bulls managed to gain traction despite an overall bearish sentiment in the broader crypto market. However, the downside risk remains intact inside the bearish flag… Source link

Razi Khan A Master’s graduate in Renewable Energy Systems from England, UK, Razi is a tech-enthusiast. He’s served as a content specialist for BlockPublisher in the US and has been an avid member of the crypto space as a journalist, trader, investor and analyst since 2018. Source link

Monero (XMR) gets a bearish rating from InvestorsObserver Tuesday. The crypto is down 1.55% to $145.31 while the broader crypto market is down 5.11%. Monero has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Bearish Over the last five days, Monero has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Monero… Source link

Image source: Getty Images After surging almost 40% over the past 30 days, crypto’s leading smart contract platform could be suffering from a case of “buy the rumor, sell the news” regarding the Ethereum Merge. Key points The Ethereum blockchain’s home-grown coin ETH was down more than 10%… Source link

The crypto community is eagerly awaiting for Ethereum to achieve its ‘Merge’ milestone. Dress rehearsals have been going on for a while, and the grand finale is set to take place in mid-September. Read More – Ethereum Merge to take place mid-September; Details Several analysts, at this stage, believe that Ethereum would shine post the upgrade. As outlined in an article yesterday, Ethereum researcher Vivek Raman believes that the PoS transition will enable Ethereum to take over… Source link