Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently shown remarkable resilience and strength in the crypto market. As of now, Ethereum is trading at $2,563, reflecting a minor drop of -2.67% over the past 24 hours. This decline follows a period of impressive growth in which ETH surged by 23.22% in just three weeks. The recent bullish momentum has catapulted Ethereum back above the 50% level, signaling a potential continuation...
Read More »Litecoin (LTC) Price Analysis: Bulls Protect Key Support At $68
Litecoin started a downside correction from the $77.00 zone against the US Dollar. LTC price is now trading below $70 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $69.65 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it stays above the $67.20 support. Litecoin price is correcting gains from $77.00 against the US Dollar, like Bitcoin. LTC price...
Read More »Ethereum’s Market Dominance Over Bitcoin Surges Double Digits Amid ETF Approvals
Even with significant capital flowing into the recently introduced spot Bitcoin ETFs, the anticipated positive influence on BTC’s price is yet to materialize. Bitcoin experienced a decline of more than 5% following the approvals last week. In contrast, Ethereum recorded an almost 8% rise over the same period despite struggling to sustain the $2,600 level. Data suggest that the price dominance of the world’s largest altcoin continues to surge against Bitcoin. Ethereum’s...
Read More »Manta Pacific Overtakes Base as 4th Largest Ethereum L2
In a move that solidifies Manta Pacific’s dominance in the industry, Binance recently introduced MANTA as its 44th project on the Launchpool. In a recent development, Manta Pacific, the native layer 2 of Manta Network, has emerged as the fourth-largest scaling solution, surpassing Coinbase’s Base, according to data from L2Beat. Manta Pacific’s Rise to Prominence The Total Value Locked (TVL) on Manta Pacific currently stands at an impressive $850 million, leaving Base behind at $756...
Read More »Ethereum Price Analysis: ETH Eyes Fresh Rally Above $2,600
Ethereum price started a downside correction from the $2,720 resistance against the US Dollar. ETH price is now trading above $2,450 and the 55 simple moving average (4 hours). There is a key declining channel forming with support at $2,420 on the 4-hour chart (data feed from Coinbase). The pair could start a fresh increase if it clears the $2,560 resistance zone. Ethereum price is declining below $2,600 against the US Dollar. ETH/USD remains at a risk of more...
Read More »Celsius Executes $125 Million Transfer to Crypto Exchanges in Repayment Drive
Bankrupt lending firm Celsius has transferred over $125 million worth of its Ether to crypto exchanges in the past week as part of its initiative to repay creditors. The move follows that of FTX and Alameda Research, which also resumed funds transfer earlier this month. $125 Million ETH Transfer From January 8 to January 12, $95.5 million was moved to Coinbase and $29.7 million to FalconX, as reported by Arkham Intelligence. Despite these transfers, Celsius still possesses...
Read More »Some Traders Think New Altcoin Bitcoin Minetrix Could Outperform Ethereum in 2024
The investment community is buzzing about the new Bitcoin Minetrix (BTCMTX) project, which launched its presale in the second half of 2023 and has raised over $8.4 million so far. Some traders believe that Bitcoin Minetrix’s revolutionary Stake-to-Mine protocol could even allow it to outpace Ethereum’s (ETH) growth once listed on centralized exchanges this year. Bitcoin Minetrix Seeks to Democratize BTC Mining Through Staking Model For those unaware, Bitcoin Minetrix is an...
Read More »SUI Price Jumps 78% to New ATH in One Week
SUI has demonstrated an impressive surge over the last couple of days, taking the token’s price to a new ATH. The price of SUI, currently the 50th largest cryptocurrency by market capitalization according to CoinMarketCap data, hit a new all-time high (ATH). SUI rose to $1.43, the highest price since May 2023, shortly after the network’s launch. The platform’s market cap is now at $1.54 billion. SUI seems to be on an impressive bull run, climbing more than 10% in the last 24 hours, and...
Read More »Bitcoin shorten? So kannst du auf einen fallenden Bitcoin-Preis wetten
21Shares launches Short Ethereum ETP and Ethereum Core ETP Wenn du daran interessiert bist, auf einen fallenden Bitcoin-Preis zu wetten, also Bitcoin zu shorten, gibt es verschiedene Strategien und Finanzinstrumente, die du nutzen kannst. In diesem Artikel werfen wir einen Blick auf einige der gängigsten Methoden. Was bedeutet es, Bitcoin zu shorten? Shorten, oder eine Short-Position einnehmen, bedeutet im Grunde, dass du auf einen Preisverfall...
Read More »Why Did Ethereum Classic ($ETC) Pump 35% This Week? GFOX Presale Eyes $3 Million
Two interesting crypto projects are in the spotlight recently – Ethereum Classic and Galaxy Fox. Ethereum Classic ($ETC) caught the attention of many investors and traders with its 35% surge. Meanwhile, Galaxy Fox ($GFOX) is gaining traction with its ongoing presale, which is on track to hit the $3 million mark. Why is Ethereum Classic ($ETC) Going Up? Ethereum Classic ($ETC) has emerged as a dark horse, surging by a staggering 35% in a week. But what’s fueling this...
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