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Ethereum Ethereum rose by 0.08% on Monday. Reversing a 0.66% loss from Sunday, Ethereum ended the day at $3,229.01. A mixed start to the day saw Ethereum fall to an early morning intraday low $3,145.45 before making a move. Ethereum fell through the first major support level at $3,158 before rallying to a late intraday high $3,349.00. Ethereum broke through the first major resistance level at $3,292 before ending the day at sub-$3,230 levels. At the time of writing, Ethereum was up by 0.43% to… Source link

Hundreds of protesters took to the streets of El Salvador to raise their voices against President Nayib Bukele’s decision to make Bitcoin (CRYPTO: BTC) legal tender. What Happened: On Sept 7, Bukele will introduce the much-debated Bitcoin Law in the country. According to the text of this Law, all economic agents must accept Bitcoin along with the dollar as a means of payment. Bukele says that the Bitcoin Law will benefit the people and save close to $400 million in remittance commissions. In… Source link

Venture capitalist Bill Gurley has taken a personal position in ether because he “was swayed by the arguments of the ethereum crowd.” He explained that it is “the smarter way to play if you’re going to have crypto exposure.” Bill Gurley Prefers Ethereum to Bitcoin Bill Gurley, a general partner at Benchmark, a Silicon Valley venture capital firm in San Francisco, California, shared his view on cryptocurrency in an interview with Bloomberg last week. He began by admitting… Source link

The below is from a recent edition of the Deep Dive, Bitcoin Magazine‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. With the price of bitcoin hovering near $50,000, momentum has returned to the market and strong hands have accumulated more bitcoin than ever. A 2013-style double bubble is in the cards. The 2013 cycle saw the price of bitcoin draw down 75% from the highs before… Source link

Very few events can shake the cryptocurrency markets in a sustainable manner that really sends Bitcoin and altcoin prices into a sharp directional move. One example is when Xi Jinping, China’s President, called for the development of blockchain technology throughout the country in October 2019.  The unexpected news caused a 42% pump in Bitcoin (BTC), but the movement completely faded away as investors realized China was not altering its negative stance on cryptocurrencies. As a result, only… Source link

Following the market-wide trend of consolidation, the altcoin industry also witnessed the same price sentiments. ADA, for instance, started to depict range-bound movement after hitting an all-time high, a few days ago. Litecoin recorded a minor dip of 3.3%, while eyeing the $161.90 support line as buying pressure lost strength. Lastly, VeChain remained consolidated within $0.127 and $0.115 levels.  Cardano (ADA) ADA/USD, TradingView ADA dipped on its chart by 1.7% over the last 24 hours… Source link

Approximately 25 days ago, the Ethereum blockchain implemented the London hard fork and a number of features were added to the ruleset. One of the most anticipated changes was EIP-1559 which makes the crypto asset ether deflationary by burning a fraction of coins. Since August 5, over $432 million worth of ether has been burned, and at the time of writing, 136,606 ether has been burned. Over $432 Million in Ethereum Burned The Ethereum (ETH) blockchain is the second most valuable… Source link

By Matthew Sparkes Will the cryptocurrency be more widely used now that PayPal accepts it in the UK? mundissima / Alamy PayPal has two decades of experience in online payments and manages 403 million user accounts. So, it caused ripples when it announced on 23 August it would allow UK customers to buy and sell four cryptocurrencies: bitcoin prices rose to a three-month high. But will this – and last… Source link

Ethereum – The Calm Before the Price Storm A crypto market flippening is imminent as demand for block space allocation grows. Ethereum’s supply is contracting with the network having burned a total of 109,000 tokens since implementing the EIP-1559 Ethereum’s price level rising above the $3,200 mark is a bullish indicator for additional price increases. The prominence of ICOs, DeFi, and NFTs has emphasized that Ethereum retains smart contract platform supremacy, while also showing… Source link

After a mixed week for the majors in the week ending 29th August, it’s been a bearish morning for Bitcoin and the broader crypto market. At the time of writing, Bitcoin, BTC to USD, was down by 2.25% to $47,702.0. A mixed morning saw Bitcoin rise to an early morning high $48,924.7 before hitting reverse. Falling short of the first major resistance level at $49,713, Bitcoin slid to a mid-morning low $47,644.0. Bitcoin fell through the first major support level at $47,823 before briefly… Source link