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What happened Another Friday, another sharp bearish turn for leading cryptocurrencies. Bitcoin ( BTC -5.56% ), Ethereum ( ETH -6.83% ), and Solana‘s ( SOL -9.88% ) respective tokens were down roughly 5.7%, 6.8%, and 8.9% over the previous 24 hours of trading as of 4:30 p.m. E.T. After concerns about the impact from the coronavirus omicron variant prompted steep valuation pullbacks for most cryptocurrencies on Black Friday, investors seemed to have digested the risk. Many top… Source link

A new academic study finds that Ethereum (ETH) has one key feature that could eventually make it a superior store of value compared to Bitcoin (BTC). A recent report published on the Social Science Research Network finds that ETH’s built-in deflationary mechanics set it apart from BTC. “Bitcoin, with a finite eventual supply of tokens, is increasingly gaining acceptance as an alternative long-term digital store of value with similar anti-inflationary characteristics to… Source link

The largest-ever seizure of cryptocurrency by the U.S. government has worked out to be a windfall for taxpayers. At issue are thousands of bitcoins seized in November 2020 in connection with the illegal Silk Road marketplace, a dark web forum on which drugs and other illicit products were bought and sold with the digital currency.  The bitcoins are still in the government’s possession, for bureaucratic reasons. And in the year since, bitcoin has tripled in price. So what was once worth $1… Source link

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The price of Bitcoin ( BTC -5.43% ) reached an all-time high of more than $68,000 per token in early November. It has since given up some of that ground, but bitcoin’s current price is still significantly higher than it was at the beginning of 2021 — when one bitcoin was going for just $32,200. With Bitcoin’s price rising quickly, investors may be wondering whether they’ve missed out on Bitcoin’s gains or should still invest in the digital coin. While there’s no guarantee that… Source link

The researchers conclude that Ether provides “better inflationary hedging properties than Bitcoin, and Ether may therefore offer a superior long-term value storage than Bitcoin.” While there are no current threats to the tag of Bitcoin (BTC) as digital gold, there is however a growing threat to its status as a store of value when compared with Ethereum (ETH). A group of four Australian academic researchers has discovered that a simple tweak to a blockchain code can turn a cryptocurrency… Source link

Alex Svanevik founded Nansen, a blockchain analytics platform that tracks over 100 million ethereum wallets. He told Insider high gas fees have caused “significant problems” for ethereum this year. We break down six ethereum-rivalling blockchains that could attract new users next year. Ethereum has been one of the main crypto winners of 2021. The second-largest… Source link

Ethereum (CRYPTO:ETH) has climbed more than 500% this year. This may look impressive, but Ethereum’s gains actually pale compared to those of other cryptocurrencies. For instance, fellow smart-contract platform Solana has soared 14,800% so far this year. Ethereum probably won’t be among the biggest crypto winners of 2021, but next year, the situation may be completely different. Why? Because Ethereum is getting an upgrade. It’s happening in a few… Source link

Ethereum’s Ether token (ETH) is due to launch a “parabolic” attack on BTC to beat all-time highs, one analyst believes. 2-week predicts “crazy” ETH move ETH/BTC 1-month candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView shows ETH/BTC sitting near three-year highs — but its next move should be even stronger. Ether against Bitcoin (BTC) is one of the few bullish narratives in the short-term crypto markets this month. In a tweet on Dec. 3,… Source link

Daily Tech Analysis of Bitcoin, Ethereum, Litecoin, and Ripple’s XRP Ethereum Ethereum fell by 1.58% on Thursday. Following a 1.07% loss on Wednesday, Ethereum ended the day at $4,514. A mixed morning saw Ethereum fall to an early morning low $4,455 before finding support. Ethereum fell through the first major support level at $4,481 before rallying to a mid-afternoon intraday high $4,637. Falling well short of the first major resistance level at $4,739, however, Ethereum slid to a late… Source link