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After dropping 27% over three days, Ether (ETH) price finally reached a bottom at $1,040 on Jan. 22.  The sharp correction liquidated $600 billion worth of future contracts but interestingly, Ether price rebounded to a new all-time high even as Bitcoin price continues to trade in a slight downtrend. According to Cointelegraph, the increasing TVL and transaction volumes of the decentralized finance sector are behind Ether’s impressive surge. ETH/USD 4-hour chart. Source: TradingView To… Source link

Some bitcoin investors appear to be buying in around $30,000 and taking profits at $40,000, according to one analyst. Meanwhile, ether’s spot market is decoupling from bitcoin and gyrating wildly, according to volatility metrics. Bitcoin (BTC) trading around $32,963 as of 21:15 UTC (4:15 p.m. ET). Gaining 3.5% over the previous 24 hours. Bitcoin’s 24-hour range: $31,650-$34,893 (CoinDesk 20) BTC above the 10-hour and the 50-hour moving averages on the hourly chart, a bullish signal for… Source link

Bitcoin’s options market continues to grow along with an institutional-led bull run in the leading cryptocurrency. Yet, while many use options to hedge their positions, the large amounts of bitcoin options slated to expire in a few days may themselves lead to wild price swings as January draws to a close.  At press time, there are 120,300 contracts worth $4 billion set to expire this Friday on major exchanges Deribit, CME, Bakkt, OKEx, LedgerX, according to data source Skew. Much of that… Source link

Several traders believe that the price of Ether (ETH) could pull back after it achieved a new all-time high on Jan. 25, gaining nearly 100% in January. Ether has outperformed Bitcoin (BTC) so far this year, buoyed by the growing number of users on Ethereum. Primarily due to the growing demand for DeFi, the Ethereum network has seen an increase in user activity and transaction volume. ETH/USDT 15-minute price chart (Binance). Source: TradingView.com This has also led the popularity of the term… Source link

In financial markets filled to the brim with froth, one of the more speculative corners is showing signs of bubbling yet again. Bitcoin rebounded from its sharp sell off last week which saw prices plunge more than 12%, the steepest weekly drop since last March. The digital asset bounced back from below $30,000 Friday to trade around $34,400 as of 10:22 a.m. Monday in New York. “It’s a little bit like the tulip mania where people are putting a price on it and the next person puts a higher… Source link

Jack Taylor/Getty Images The price of Ethereum set a new all-time high, exploding by as much as 21% in 24 hours to trade above $1,470 on Monday. The price hit $1,473, topping its previous record of $1,439 set last week, before settling around $1,396 in early European trading. The record high came on the seven-year anniversary of the day that Vitalik Buterin, a Russian-Canadian best known for being Ethereum’s main developer, announced the cryptocurrency’s launch on a bitcoin… Source link

The last 11 months have been marked by unprecedented volatility and uncertainty for the stock market. The benchmark S&P 500 set a record for both the steepest bear market decline and quickest bounce-back rally to new highs from a bear market low in 2020. However, one asset has been largely unfazed by this uncertainty: bitcoin. Image source: Getty Images. Bitcoin euphoria has pushed it to record heights The world’s largest cryptocurrency had nearly quadrupled on a trailing-year… Source link

The price of Ether (ETH), the native cryptocurrency of the Ethereum blockchain network, achieved a new all-time high on Jan. 25. At the same time, technical analysis shows that the ETH/BTC pair is breaking out of its multi-year downtrend hitting the highest levels since September 2019, which should be great news for altcoins in general.  ETH/BTC weekly candle chart (Coinbase). Source: Tradingview The higher highs come less than a week after ETH/USD finally broke its all-time high, surpassing… Source link

Monero price is crawling back after it dropped by more than 26% in the past few days. The XMR price is trading at $140, which is slightly higher than last week’s low of $123. Other cryptocurrencies have also risen, bringing the total market cap to more than $987 billion. Good news for Monero? Monero price has wavered recently even after some good news for the leader in privacy transactions. During her testimony last week, Janet Yellen said that her… Source link

Bitcoin Bitcoin, BTC to USD, slid by 9.97% in the week ending 24th January. Following on from a 6.02% decline from the previous week, Bitcoin ended the week at $32,320.0. A mixed start to the week saw Bitcoin rise to a Tuesday intraweek high $37,936.6 before hitting reverse. Falling well short of the first major resistance level at $40,389, Bitcoin slid to a Friday intraweek low $28,989.0. The sell-off saw Bitcoin fall through the 23.6% FIB of $33,008 and the first major support level at… Source link