Bitcoin (BTC) bended to new macro pressures on March 4 after bulls failed to hold $42,000 for long. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Europe stocks sink on Friday open Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching lows of $40,800 on Bitstamp Friday after a major options expiry event. Overnight performance, initially showing a recovery, had been stymied by worries over a nuclear power plant fire in Ukraine. Stocks futures fell on the news,… Source link
Read More »LUNA flips Ethereum becoming second largest network for staked value
According to data from Staking Rewards, Terra (LUNA) has flipped Ethereum (ETH) in terms of staked value, with $29.5 billion worth of LUNA locked up compared to Ether’s $25.9 billion. The platform’s data shows that there are currently 226,325 LUNA stakers, making it the second most staked crypto asset with more than four times the number of those staking ETH at 54,768. Solana leads the staking charts with $35 billion in staked value. In terms of annual staking rewards, LUNA is estimated… Source link
Read More »Ethereum price finally topped $3K, but data suggests a reversal is nowhere in sight
There is an old saying in traditional markets which is actually more like a trading rule. It goes, “when the trend is negative, one can only be neutral or short,” meaning bet on the price decrease. The problem is that a relief bounce tricks traders into believing that the negative prevailing sentiment has shifted into a buyers’ market. For example, after analyzing Ether’s (ETH) price chart, one might conclude that after a 41% crash, a bull run should be ignited sooner rather than later…. Source link
Read More »Ethereum price consolidates near $2.8K as analysts say bulls prepare for a push higher
Choppy market conditions dominated the cryptocurrency landscape on March 3 as the global economy continues to face challenges on multiple fronts and uncertainty about the future weighs heavily on asset prices. Data from Cointelegraph Markets Pro and TradingView shows that the gains made by Ether (ETH) on March 2 were nullified in trading on March 3 as the price drifted from March 2’s high of $3,044 to a daily low of $2,784, reflecting an overall decline of 8.5%. ETH/USDT 1-day chart…. Source link
Read More »Why Ethereum, Solana, and Cardano Dropped Today
What happened After an impressive few weeks, the value of cryptocurrencies fell sharply on Thursday. The biggest market news was Federal Reserve chair Jerome Powell saying that he expected to support a short-term interest rate increase at March’s Fed meeting, which some investors may have thought was currently off the table. At 12:50 p.m. ET, Ethereum ( ETH -3.37% ) had fallen 5% in the last 24 hours, Solana ( SOL -2.83% ) was down 7.6%, and Cardano ( ADA -2.03% ) was… Source link
Read More »Bitcoin Takes a Breather; Support at $37K-$40K – CoinDesk
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link
Read More »Bitcoin heads for $42K support as stocks pullback nudges BTC price lower
Bitcoin (BTC) broke through $43,000 after the March 3 Wall Street open with U.S. equities trending down. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Stocks, Bitcoin slide lower on the open Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it stayed within a narrow intraday range on March 3. Forty-three thousand dollars had held as support overnight, nonetheless seeing multiple tests as traders eyed a potential bounce zone around $1,000 lower. #BTC take out… Source link
Read More »How Many Litecoins Are There and How Do You Mine Them?
Litecoin was launched in 2011. Like many cryptocurrencies, it uses a proof-of-work consensus mechanism, relying on mining for its security and coin minting process. Litecoin mining is a highly complex and energy-consuming process that requires a lot of computer processing power. Unfortunately, this means that common CPUs don’t offer enough processing power for mining Litecoin. As a cryptocurrency, Litecoin is nearly identical to Bitcoin. However, it has a much higher unit cap. If you… Source link
Read More »Bitcoin a ‘good bet’ if Fed continues easing to avoid a recession — Analyst
Bitcoin (BTC) has the potential to become a “good bet” for investors if the Federal Reserve does everything it can to keep the U.S. economy afloat against impending recession risks, according to popular analyst Bitcoin Jack. The independent market analyst pitted the flagship cryptocurrency, often called “digital gold” by its enthusiasts, against the prospects of further quantitative easing by the U.S. central bank, noting that the ongoing military standoff between Ukraine and Russia had… Source link
Read More »Doing shots with true believers at Ethereum’s biggest party
I knew I was in the right place when l saw a flier taped to a streetlamp advertising the “world’s first NFT bong.” It was 35 degrees at ETHDenver, an annual Ethereum event that started in 2017, and people were standing in line in the cold afternoon sun for COVID tests. More than 12,000 people from 100 countries came to Denver, though only about 8,500 checked into the conference. ETHDenver is a mix between developer conference and all-out party At five years old, it’s the… Source link
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