Ethereum has continued trading above $200 despite facing a massive influx of selling pressure earlier this morning that jeopardized its position above this key support level.It now appears that ETH is gearing up for a massive movement in the days and weeks ahead as it continues trading within a multi-week range.Analysts are noting that there […]
For the past few weeks, the focus in the cryptocurrency market is on Bitcoin, and for good reason. The largest cryptocurrency in the market endured its third halving on May 12 and is now primed for a big move. In this testing time, the focus on the altcoins has shifted, now Ethereum looks to bring […]
While Ethereum and Digibyte show bearish scenario, Litecoin is in preparations for its surge regardless of how small it is. The most bearish coin at the time of writing was Digibyte with price decline ranging from 10-30%. Litecoin LTCUSD TradingView Litecoin was once the fourth-largest cryptocurrency, however, at press time, it is the 7th-largest. The […]
Tornado.cash has launched complete immutability for its smart contracts, despite the potential security risks. Fledgling Ethereum anonymization protocol Tornado.cash has launched completely immutable smart contracts — rendering the protocol “unstoppable” from May 21. While the project has extolled the virtues of immutability and declared that “code is law,” many within the Ethereum (ETH) community are […]
It’s been a rocky past few days for Bitcoin, Ethereum, and other top cryptocurrencies. From the monthly highs against the dollar, most digital assets are down 10%.But when measuring the performance of some cryptocurrencies against Bitcoin, some investments are outperforming. Ethereum is a perfect case in point, which has rallied 10% against BTC over the […]
No matter how many cryptocurrencies make a splash in the industry, it is difficult to foresee any of them breaking the stranglehold Bitcoin and Ethereum has on the larger crypto-market. The market’s top two digital assets continued to amass the most interest from the industry and both communities, with each of them identifying the other […]
Bugs, management issues and competitors: What challenges is Ethereum facing before its anticipated proof-of-stake upgrade? The launch of Ethereum (ETH) 2.0 may be delayed yet again after developers rescheduled the network’s proof-of-stake algorithm upgrade for June 2020, as reported by Cointelegraph on May 15. Taking into account all of the factors surrounding the highly anticipated […]
Bitcoin and Ethereum, the top two coins in the crypto-market, have not been able to break their key resistance levels yet, with Bitcoin’s at $10,000 and Ethereum’s at $220. As seen in the attached charts, Bitcoin registered significant gains in the month of April and even managed to reach the $10,000-mark on 7 May. However, […]
Margin-longs for Ethereum are exploding today on both BitMEX and Bitfinex. Some 85% of all margin-calls are currently long for Ethereum compared to shorts. The massive amount totals around 2% of the entire circulating supply. Indeed, 2.3M or so ETH is now now margin-long. The longs have continued to accumulate, as shown in the image […]
Following a brief period of sustained losses as Bitcoin continued on its downtrend below $9k, it would now seem that on the back of the king coin’s recovery, much of the market is doing the same. However, the impact of Bitcoin’s steady recovery hasn’t been uniform across all the market’s altcoins as while some like […]
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