Ethereum (ETH)

ETH/USD – Ethereum Breaks $1000 and Surges As High As $1,161.Key Support Levels: $1100, $1042, $975.Key Resistance Levels: $1140, $1161, $1200.Ethereum continued to push higher today as it broke past yesterday’s closing price at $1100 to reach as high as $1170. It has since dropped slightly as it battles with the resistance near $1140 – provided by a long term bearish .786 Fib Retracement level.The coin has been making higher highs over the past month and has surged by a total of 55.5% in the...

However, the total number of Ethereum locked up in DeFi plunged from 9.4 million ETH in mid-late October to the current 6.8 million ETH locked up at the time of writing.The Total Value Locked (TVL) in all of the Decentralized Finance (DeFi) applications have crossed the $20 billion benchmark according to data from analytics firm DeFi Pulse. Per the data, the TVL locked in terms of United States Dollar is $20.57 billion with Ethereum-based lending protocol Maker, the issuer of the DAI...

ETHE shares started to plummet on December 24, when it lost over 18% within 24 hours while Ether had seen a drop of just 3% within the same period. Grayscale has seen its ETHE shares plummet by 50% in 14 days while Ether on the other hand has continued its bullish run, gaining over 75% rise within the same time period. Grayscale’s ETHE shares started a bull run in the early stages on October 2020, gaining almost 500% in value, pushing its price from $4.20 at the start of the month and tapping...

As bitcoin jumped to a fresh all-time high of nearly $36,000 earlier today, most alternative coins have followed suit. Consequently, the total market cap has reached another ATH and has neared $1 trillion, while BTC’s dominance eyes 70% once again.Exploding Alts Lead To ATH In The Market CapJust a few days ago, the cryptocurrency market plummeted in value with massive double-digit price drops from most alternative coins. However, the situation has changed completely 48 hours later.Ethereum...

Bitcoin has been jumping like mad as of late. Despite a recent dip, the currency reached a new all-time high during the beginning of the week that saw the asset trading for well over $33,000. In addition, blockchain is reaching record levels when it comes to industry adoption, and according to Vitalik Buterin – the legendary co-founder of Ethereum, the second-largest cryptocurrency in the world and the primary competitor to BTC – the case for blockchain is “underrated,” and likely to go even...

Cryptocurrency market is once again heading north as the US Dollar Index plummets. The US Dollar index lost 0.32% today and nears the lowest level of last year’s December 31.By the time writing of this article the US Dollar index is at 89.568. As markets opened on January 4, there was a huge sell-off at the cryptocurrency market mainly caused by the hike of the S&P Volatility Index, panic in the market caused a drastic drop in prices of some cryptocurrencies, yet most of altcoins such as...

Bitcoin has taken a huge step back. While it was able to surpass the $33,000 mark yesterday and attain a new all-time high, it appears that the currency is now undergoing a bit of a correction. Either that or its recent spike was too much at once. In any case, the currency is now trading for just over $31,000, meaning it has lost about $2,000 in just under two days.The Bitcoin Price Has Fallen a BitThis is a major dip considering how strong bitcoin has been over the past few months, though to...

Yesterday’s highly volatile BTC performance has led to increased trading volumes on numerous platforms, including CME Bitcoin futures registering a new all-time high of $2.7 billion.BTC Futures Record Trading Volume On CMELaunched in late 2017, the Chicago Mercantile Exchange allows institutional investors to trade with the primary cryptocurrency on a regulated platform. Apart from short-lived low levels of trading volume, the exchange has enjoyed increased adoption from such customers.Data...

Grayscale Investments has removed XRP from its diversified public crypto fund  — Grayscale Digital Large Cap Fund (DLC). The move could be yet another fallout from the current enforcement action by the U.S. Securities and Exchange Commission (SEC) against Ripple.Grayscale Nixes XRP, Reallocates Liquidated PositionAccording to an announcement, Grayscale revealed that it removed XRP from its Digital Large Cap Fund (GDLC). Following the liquidation of the XRP holdings in the fund, the funds were...

Recent data indicated that mid-tier traders took profits before and during yesterday’s massive price drops for bitcoin and Ethereum. Furthermore, it disputed the assumptions that whales and institutional investors have disposed of their BTC holdings.Mid-Level BTC Holders Took Profits Amid The DropFollowing the highly positive first days of 2020 in which bitcoin exploded above $30,000 to a new all-time high of nearly $35,000, the cryptocurrency retraced heavily yesterday. As CryptoPotato...