Bitcoin started the week on the brink of a downwards crossover of two key moving average trend lines, which could signal an upcoming price drop. The 10-day and 25-day moving average look set to cross, potentially leading to a breakout of the $ 27,000 level. Ethereum is trading above a floor at $ 1,830 as of writing. Bitcoin Bitcoin (BTC) is on the brink of registering a … [Read more...]
Bitcoin, Ethereum Technical Analysis: ETH Falls Under the $1,900 Level to Start the Weekend
Ethereum started the weekend trading below $ 1,900 for the first time in two weeks, as cryptocurrency markets continued to fall. The global market cap is down by close to 3% at the time of writing this. Bitcoin was also in red, as it moved closer to $ 27,000. Bitcoin Bitcoin (BTC) was in the red for a fourth consecutive session, as prices neared a breakout below $ 27,000. … [Read more...]
Bitcoin, Ethereum Technical Analysis: BTC Nears Breakout Below $29,000 on Wednesday
Bitcoin fell to a one-week low on Apr. 19, as markets moved into consolidation following a recent bull run. Following today’s red wave, prices neared a breakout below the $ 29,000 level earlier in the session. Ethereum also declined, falling below $ 2,000. Bitcoin Bitcoin (BTC) moved lower on Wednesday, as markets began to consolidate following recent gains in price. … [Read more...]
Bitcoin, Ethereum Technical Analysis: ETH Hits 8-Month High, as BTC Nears Key Resistance Level
Ethereum surged to an eight-month high on Tuesday, as bulls began to gradually return to cryptocurrency markets. As the session matured, the global market cap moved higher, and is up by 1.27% at the time of writing. Bitcoin moved closer to a key resistance level at $ 28,500. Bitcoin Bitcoin (BTC) continued to trade close to a key resistance level on Tuesday, as volatility in … [Read more...]
Bitcoin, Ethereum Technical Analysis: ETH Moves Above $1,800 as BTC Nears $28,000
Ethereum rose above $ 1,800 for the first time since August, as markets continued to react to the Fed’s decision to inject $ 300 billion into the economy. This comes following the recent banking crisis, which saw the likes of Silicon Valley Bank collapse. Bitcoin neared $ 28,000 in today’s session. Bitcoin Bitcoin (BTC) closed in on the $ 28,000 level to start the … [Read more...]
Ethereum Upgrade to Implement Beacon Chain Withdrawals Scheduled for April 12
During the Execution Layer Meeting streamed on March 16, 2023, Ethereum developers announced that the blockchain is scheduled to upgrade on April 12, in 27 days. The upgrade, known as the Shanghai-Capella upgrade or Shapella, will include the implementation of Beacon chain push withdrawals. This will enable Ethereum network validators to support withdrawal operations following … [Read more...]
Bitcoin, Ethereum Technical Analysis: BTC Under $20,000 as ETH Sinks Below $1,400 on Friday
Bitcoin fell below the $ 20,000 level for the first time since January, as markets continued to react to the liquidation of Silvergate Bank. This comes ahead of a pivotal U.S. nonfarm payrolls report, which could decide how aggressive the Federal Reserve acts in its upcoming meeting. Ethereum moved under $ 1,400 in today’s session. Bitcoin Bitcoin (BTC) fell for a fifth … [Read more...]
Bitcoin, Ethereum Technical Analysis: ETH Back Above $1,700, as Markets Rebound on Saturday
Ethereum was once again trading above $ 1,700 to start the weekend, as cryptocurrencies rebounded from Friday’s decline. The global crypto market cap rallied in today’s session, as bulls moved to buy yesterday’s dip. Bitcoin was also back in the green, with prices nearing the $ 25,000 mark. Bitcoin Bitcoin (BTC) moved toward the $ 25,000 mark on Saturday, as crypto markets … [Read more...]
Bitcoin, Ethereum Technical Analysis: ETH Nears $1,700, Fed Prepared to Maintain Rate Hikes
Ethereum closed in on the $ 1,700 level on Wednesday, as markets reacted to comments from U.S. Federal Reserve Chair Jerome Powell. Speaking after Tuesday’s session, Powell hinted that the Fed could continue to hike rates, should the data show the need for action. Bitcoin was also boosted by the news, climbing back into the $ 23,000 region. Bitcoin Bitcoin (BTC) moved higher … [Read more...]
NFT Market Remains Resilient With 1.23% Increase in Sales, Ethereum Dominates With 81% of Total NFT Settlements
Non-fungible token (NFT) sales rose slightly last week, increasing 1.23% to $ 232.49 million in recorded sales. The top two NFT collections, Otherdeed and Doodles, saw growth of 44% to 58% compared to the previous week. Ethereum continues to dominate the NFT industry, accounting for more than 81% of total sales last week with $ 188.51 million in NFT sales. 7-Day NFT Sales … [Read more...]
Ethereum Network’s Rising Gas Fees in 2023: A Balancing Act of Growth and Cost
Ethereum gas fees have increased 13.71% in the last two weeks, with the average fee rising from $ 4.52 per transaction to $ 5.14 per transfer on Feb. 3, 2023. Despite ethereum’s price seeing significant growth this year, its network’s gas fees have also seen a similar increase. As the demand for Ethereum’s capabilities continues to soar, it remains to be seen if these rising … [Read more...]
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Ahead of US GDP, Consumer Sentiment Data
Cryptocurrencies continued to consolidate recent gains on Jan. 24, as markets prepared for a big week of U.S. economic data. Gross domestic product (GDP) figures for Q4 2022 will be released on Thursday, followed by consumer sentiment data the day after. Ethereum also secured recent gains in today’s session, with prices nearing a move below $ 1,600. Bitcoin Bitcoin (BTC) … [Read more...]
OpenOcean Integrates Verse DEX to Deepen Available Liquidity on Ethereum
press release PRESS RELEASE. OpenOcean, a leading Web 3 middleware developer and DEX Aggregator across 19 chains, backed by top investors – Binance Labs, CMS, Altonomy, and more – has integrated with the recently released Verse DEX, Bitcoin.com’s decentralized exchange (DEX), to provide easier, cheaper and faster access to low-cost and gas-efficient swaps on OpenOcean’s … [Read more...]
Stats Show Ethereum Transaction Fees Have Remained Under $5 During the Last 175 Days
Fees tied to the Ethereum network have been under the $ 5 region per transaction during the last 175 days, according to statistics. Metrics show that on Dec. 10, 2022, the average ethereum transfer is around 0.0023 ether or $ 2.87 while the median-sized gas fee is around 0.00097 ether or $ 1.23 per transfer. Ethereum gas metrics recorded on etherscan.io indicate high … [Read more...]
ZOGI Token Launches on Cronos, BNB Chain and Ethereum With Revolutionary Wrapper
sponsored Dubai, December 9th – Zogi Labs, a pioneering crypto company & gaming studio famously known for the BEZOGE token and the up-and-coming crypto-based MMORPG, The Legends of Bezogia today launches their new ZOGI token on Cronos, BNB Chain & Ethereum. The ZOGI token is a wrapped version of the primary BEZOGE token optimized for the Zogi Labs decentralized … [Read more...]
