ETH Hits $1,600 as Crypto Surge Continues on Tuesday – Market Updates Bitcoin News

ETH Hits $1,600 as Crypto Surge Continues on Tuesday – Market Updates Bitcoin News

Ethereum rose for a seventh consecutive session on Tuesday, as prices briefly climbed above the $1,600 level. This move saw the token hit its highest level in over a month, and came as bitcoin also reached a nearly five-week peak, following gains made earlier today. Bitcoin Bitcoin (BTC) was up to start today’s session, however bullish momentum began to fade, as prices ran into some resistance. On Tuesday, the world’s largest token rose to an intraday high of $22,795.04, as… Source link

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LINK declines to $56.78 after bearish movement

Litecoin price analysis shows that LTC/USD is in a bearish trend. The LTC/USD has increased by 1.15 percent since yesterday as it currently trades at $56.78. Litecoin price is facing strong resistance at $59.20, and if the bears can push the prices below this level, we may see a further decline to $56.11. Support for LTC/USD is present at $56.11 and it is likely to provide some relief to the LTC bulls in the short term. Litecoin prices have been trading between a range of $56.11 and $… Source link

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100X Bitcoin energy use would mean ‘absurd’ $20M BTC price — developer

A new contributor to the Bitcoin (BTC) energy debate says that 1 BTC would have to cost $20 million to use 100 times its current energy demands. In a Twitter debate on July 18, Sjors Provoost, a Bitcoin developer and author of “Bitcoin: A Work in Progress,” cast doubt on the largest cryptocurrency’s future energy use. Bitcoin could survive on “waste energy breadcrumbs” How much energy Bitcoin uses to survive has become a topic of friction which has gone from within the industry to global… Source link

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Bitcoin’s Recovery Signals The Start Of A Bull, But Is The Bottom Really In?

The new week has come with glad tidings for the price of bitcoin. After struggling to maintain above $20,000 for the better part of the last month, the digital asset has finally found some much-needed reprieve coming out of the weekend. This new upward trend has signaled some good things for the market going forward. However, the question still remains of whether the bottom is in and the bear trend is finally over. Bitcoin Recovers To $22,000 With the price above… Source link

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CryptoPunks Floor Price Tops $100K in Ethereum for First Time in Two Months

In brief The cheapest-available CryptoPunks NFT is now listed above $100,000, topping that mark for the first time in two months. The rising Punks price comes following a pair of high-value sales last week, at $2.6 million and $3.3 million respectively. All of the major “blue chip” Ethereum NFT collections have taken a massive hit in value over the last couple months amid the wider crypto market crash, and CryptoPunks was no exception. But following a pair of multi-million-dollar sales… Source link

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Data points to a Bitcoin bottom, but one metric warns of a final drop to $14K – Cointelegraph

“When will it end?” is the question that is on the mind of investors who have endured the current crypto winter and witnessed the demise of multiple protocols and investment funds over the past few months. This week, Bitcoin (BTC) once again finds itself testing resistance at its 200-week moving average and the real challenge is whether it can push higher in the face of multiple headwinds or if the price will trend down back into the range it has been trapped in since early June…. Source link

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