The entire digital assets market lately has been a sort of rollercoaster ride over the last week. The largest altcoin Ethereum noting successive drops over the last few days could finally be in for a bull run. The Algorand market displayed mixed signals of buying and selling sentiment. While expectations around a bullish break out...Read More
There was some bullish sentiment toward the crypto markets as Bitcoin trended higher, alongside news of institutional interest. Ethereum faced a crucial level of resistance, while IOTA approached a level of resistance with strong momentum while BitTorrent formed a bearish pattern. Ethereum [ETH] Source: ETH/USD on TradingView Ethereum was trading within a rectangle bottom (cyan)....Read More
Over the last one week, Ethereum registered poor daily returns that lowered the cryptocurrency’s valuation by more than 6%. The same was noted across the market after Bitcoin, the world’s largest cryptocurrency, too noted a decline on the charts. While such bearishness continued to persist, at press time, altcoins such as NEM and Zcash were...Read More
The stock market saw a panicked sell-off after the US President tweeted that no stimulus package would be passed until after the elections. The drop affected the crypto market as well, with most major altcoins and Bitcoin seeing losses. Bitcoin currently trades at $10,605 after having endured a 1.40 percent drop in the past 24-hours....Read More
As we enter the fourth quarter, Bitcoin after its price dump seems to be consolidating around the $10,700 level. With this, Ethereum too seemed to gain some momentum, as it pushed higher towards its resistance level. However, both BitTorrent and Maker seemed to make a descending triangle formation, hinting toward a bearish scenario in the...Read More
Bearish sentiment continued to be the norm across the crypto-market, at the time of writing. While Ethereum appeared likely to face further losses on the charts after forming multiple bearish patterns, Ontology continued to slump too. On the contrary, Maker flipped a level of resistance to support and was likely to see more gains in...Read More
Most of the market’s altcoins registered decent price recovery towards the end of September. Over the past 24-hours, however, in response to Bitcoin’s negative momentum, the crypto-market tumbled again, wiping out most of the gains made previously. Interestingly, at the time of writing, the bearish sentiment for the market’s altcoins seemed to be nearing an...Read More
It pays to be a miner and process cryptocurrency transactions on a proof-of-work blockchain. The Ethereum miners know this especially well as they made a record $166 million last month from transaction fees. Bitcoin miners, however, could barely manage to scoop up $26 million. Ethereum Miners Made 6X More Money Than Bitcoin Miners in Sept...Read More
Scaling project SKALE Network, which aimed to ease traffic and lower transaction costs on the Ethereum blockchain, today announced the launch of its Phase 2 mainnet according to a release emailed to AMBCrypto. The mainnet has an estimated capacity of over 1,000 decentralized elastic SKALE chains, each with a throughput of the entire ETH Blockchain...Read More
SingularityNET, a decentralized platform for AI apps, has announced its plans to move a significant portion of its network from Ethereum to the IOHK-led Cardano blockchain, in the wake of Cardano’s upcoming updates that include the Plutus smart contracts framework, the firm said. As part of a detailed announcement, the platform also highlighted the...Read More
Ethereum neared a level of resistance while forming a bearish pattern. Longer time-frame analysis showed that the asset appeared bearish. VeChain continued to form higher lows and though it lacked momentum at the time of writing, the next few days could see a rise for VET. Maker showed signs of bullishness and could seek to...Read More
Ethereum bounced off its level of support, but this bounce did not hint at a reversal in downtrend from the $481-highs of late-August. It is likely that this bounce will reverse itself in the coming days. Further down the crypto-ladder, Algorand broke out of its bearish trend and could be primed to surge upwards. Decred...Read More
Several crypto firms and DeFi angels have invested in Dune Analytics, a Norway-based, Ethereum data analyzing firm, which raised $2 million in a seed round according to an announcement today. The funding round was led by Dragonfly Capital and other VCs like Multicoin Capital, Hashed, Coinbase Ventures, Alameda Research, Coingecko, and the Digital Currency Group among...Read More
Ethereum formed a bearish pattern that could take the price beneath $300 in the next few weeks. The scenario of the crypto market, in general, was bearish, with the likelihood of further losses. Tezos showed no signs of reversing the downtrend and was set to plummet further. Dash slipped beneath a crucial level of support...Read More
DeFi token transactions continued to congest Ethruem’s network as Etherscan showed that addresses related to Uniswap had guzzled a significant amount of Gas over the past 24 hours. At the time of writing, Ethereum’s charts pointed to a likely drop. While on-chain metrics made a strong case in support of an Ethereum slide, it must...Read More
Ethereum flipped a level of resistance to support, after rising from the lows of $320 on the charts. Even in combination with Bitcoin’s resolute hold so far on $10,000, the Crypto Fear and Greed Index was reading 41, a sign of fear in the market. While some altcoins struggled to shrug off bearish pressure in...Read More
Ethereum was trading at $337 at press time and displayed bullish divergence yesterday, which played out as ETH briefly spiked past $351 resistance before being forced to drop. Zcash saw a notable lack of momentum, while Synthetix Network was facing strong bearish pressure. Ethereum [ETH] Source: ETH/USDT on TradingView Using the Fibonacci Retracement tool for...Read More
Many times, perpetual markets have outpaced spot markets for a multitude of reasons. High leverage is the primary driver of growth. It brings in new buyers and traders. Traders look for options like margining in crypto instead of fiat, and no expiry, as opposed to dated futures. This makes perpetual swap lucrative. To top this...Read More
In the aftermath of a big drop, Ethereum dropped to $308, and was trading at $340 during the time of writing. More than an upside target, Ethereum would be looking to not lose support. Crypto.com Coin broke into the top 10 recently and was not ready to relinquish that status yet. Basic Attention Token lost...Read More
When Bitcoin dropped in value from $12,000 to $10,200 a few days ago, so did most of the crypto-market. Over a longer timeframe, however, it is likely that what BTC is noting is only a retracement in its bull run. That being said, the drop in question did take many traders by surprise. Further, while...Read More
Decentralized network, Chainlink was under attack by a spammer who targeted select few node operators on Sunday, with the intention of disrupting the network through unnecessary on-chain computation. Chainlink nodes are oracles that allow smart contracts that reside on the Ethereum to interact with external software. Chainlink community member further said in the thread that...Read More
A judge in the Seoul Central District Court today announced a ruling regarding a lawsuit filed by three users of Bithumb Korea who claimed $126,000 and $38,000 for damages citing data leaks during a 2017 Bithumb hack. The ruling is said to hold Bithumb partially liable for the damages claimed by the users. Local news...Read More
Ethereum showed strong momentum as it zoomed past its resistance to post strong gains. It was eyeing the next level of resistance at $510 as an upside target in the coming days. Zcash showed a strong upward trend in the past few days while FTX Token was soaring to new heights, but might experience a...Read More
At the time of writing, Ethereum was trading just beneath a level that could be pivotal for setting an uptrend. Failure to breach this resistance might consign Ethereum to testing lower ranges on the charts for a while. Further, Algorand and Decred were noting very little momentum in the market, with traders watching from the...Read More
SBI Holdings, a financial services company based in Japan announced addition of CFDs for premiere cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and XRP. The trading will begin on 31 August on SBI FX which is SBI Holdings’ retail forex brokerage platform. These contracts for differences or CFDs allow traders to settle the differences between the...Read More
Synthetix is the only bullish crypto among the likes of Ethereum and Maker, with the latter two pointing to a bearish retracement on the charts soon. Ethereum’s development has been slow. However, altcoins like Synthetix and Maker are playing a crucial role in DeFi – a budding ecosystem. Ethereum [ETH] Source: ETHUSD on TradingView Stuck...Read More
Altcoin prices were making a comeback this week, while Bitcoin and Ethereum price trends were mixed. Among the top 25 altcoins by market capitalization, only 7 showed positive 24h change in their price. Altcoins with large market capitalization may slow down the ongoing rally. On Deribit (an exchange that commands over 70% of open interest),...Read More
Ethereum was sorting some issues with network congestion, while DeFi boom was seen driving demand for Ether. Ethereum might begin another rally as on-chain metrics become more sustainable. An Ethereum bullrun heralds good fortune for the altcoin market as well. At press time, Zcash struggled against selling pressure while Steem appeared to be on the...Read More
At the time of writing, Bitcoin’s dominance stood at 59.5%, with the same having fallen significantly over the past few months despite the fact that the world’s largest cryptocurrency climbed to new heights in 2020. This has been the case because many of the market’s altcoins have surged on the charts too. However, when Bitcoin...Read More
Paris Hilton, a businesswoman, model, singer, and heiress to the Hilton Hotel chain has successfully sold in an auction a picture of her cat as a non-fungible token on an Ethereum-based platform for 40 ETH. While employing the same platform to auction off a picture of his own, Ashton Kutcher burned the paper copy to...Read More
