Crypto news

Ethereum increased by 25% in the past few days and seems to be a step away from shattering the line that has followed the price since its all-time high was registered in November 2021. Technical Analysis By Grizzly The Daily Chart Ethereum has reached an obstacle on the daily chart. A significant resistance zone has been established by the convergence of two descending lines (in yellow and orange) and the horizontal resistance at $1,800 (in red). On August 14, the bulls’...

The Las Vegas-based cryptocurrency miner – Marathon Digital Holdings – steadily improved its bitcoin production levels in August, mining 184 BTC. It also successfully energized 25,000 of its previously installed miners. The process increased the hash rate to nearly 3.2 exahashes per second. Over the next three months, the company expects to activate 65,000 additional miners and thus reach a computing power of 6.9 EH/s. Marathon Makes a Progress One of the biggest crypto...

The Bitcoin market is often full of surprises and last week was no exception. Bearish sentiment was dominant, and the cryptocurrency seemed to be days away from creating a new lower low. However, a significant price rally has changed the view from a technical aspect. Technical Analysis By: Edris The Daily Chart Looking at the daily timeframe, Bitcoin has bounced back from the key $18K support level once more, and rallied impulsively above the $20K mark last week. The price...

Lillian Finance LLC – a medical blockchain firm – says its new digital currency is doing quite well, having shot up by more than 260 percent in recent months. During a time when digital currencies are not in a good place, Lillian Finance is something of a breath of fresh air. Lillian Finance Is in a Good Place The crypto arena has been suffering heavily for the past several months. Bitcoin, for example, the world’s number one digital currency by market cap, has lost more...

The cryptocurrency ranking and evaluation platform – CoinGecko – examined global Google trends to determine which nation is the most excited about Ethereum’s upcoming transition from Proof-of-Work consensus mechanism to Proof-of-Stake. Per the results, Singapore ranks first, while Switzerland and Canada share the second position. Third is the largest economy in the European Union – Germany. ‘Anticipation for the Merge is at an ATH’ The second-biggest cryptocurrency protocol –...

Anthony Scaramucci – the man behind Skybridge Capital and a former employee in the Trump administration – said in a recent interview that despite the recent crash, he’s confident bitcoin is in a good place. Anthony Scaramucci on the State of BTC He says bitcoin is going to experience a “demand shock” in the coming months, meaning everyone is going to want in again and the price of the asset could spike like nobody’s business. He’s confident the currency is going to make...

The leading global accounting firm – KPMG International – claimed in one of its recent reports that the cryptocurrency market has displayed growing maturity in the past several months. This comes despite the ongoing military conflict between Russia and Ukraine and the record inflation that spreads in some countries. It is also worth noting that most digital assets trade far below their all-time high levels from 2021, but that has not stopped investments in the space....

Alex Adelman – the founder and CEO of bitcoin platform Lolli – sat down to discuss the state of the bitcoin industry. He talked about recent rallies and how people can earn bitcoin while shopping. Alex Adelman Discusses Crypto When talking about how his own company has fared throughout the recent crash, Adelman said: People right now are looking to save money wherever they can. We’ve created the easiest way for them to save money in the form of bitcoin. So, we’ve...

The demand and interest in bitcoin seem to be further fading among retail investors, at least according to data from Googe Trends. At the same time, the searches for the upcoming Ethereum Merge event have skyrocketed to a new all-time high days before the blockchain’s transition to PoS. No Searches for Bitcoin Google trends data shows the behavior and interest of retail investors as they tend to inquire about certain investments on the world’s largest search engine. The rule...

After the recent volatility, bitcoin seems calmer today but still stands tall above $21,000. Tezos is among the best performers from the mid-cap alts, while Ethereum continues to march towards $1,800 ahead of the long-anticipated Merge. Bitcoin Saw New Weekly High The primary cryptocurrency had a tough week as it plummeted to a six-week low in the middle of it at just over $18,500. This continued the recent trend of losing a lot of value since it dumped below $20,000 at the...