Crypto news

In terms of overall market movements, not much was happening in the past seven days. The total capitalization remained somewhat flat, around $990 million, unable to recover above the coveted $1 trillion mark. Bitcoin’s price, as well as that of the majority of altcoins, also failed to post a significant difference. At the time of this writing, Bitcoin’s price trades at around $19,700 – more or less where it was this time last week. The volatility is currently gone from the...

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Following the Ethereum Merge which occurred on September 14 of this year, a bonus reward was placed in the pockets of energy and climate advocates everywhere. It seems after the Merge was complete, the world’s energy consumption fell by roughly .2 percent overnight. Who would have known that mining ETH really did utilize that much energy? The Ethereum Merge Has Significantly Lowered Worldwide Energy Use The Merge has been a long talked-about event that would occur with...

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Despite several attempts to push the price above $0.50, XRP has been unsuccessful in stabilizing around this level. Technical Analysis By Grizzly The Daily Chart The cryptocurrency continues to challenge the $0.50 resistance, but, unfortunately, to no avail. It’s failed to overcome this level three times in just as many weeks. Breaking above it would position the asset to retest the descending line (in red). If it manages to clear this barrier, the price will have better...

The payroll and job reports from the world’s largest economy were slightly above expectations for September. However, BTC reacted with a sharp price decline, as it typically happens when the US publishes any sort of data lately. Although the numbers for September are below August and the average for 2022, the States added 263,000 new jobs during the month, and the unemployment rate decreased to 3.5%, said the Bureau of Labor Statistics. These figures are slightly above...

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