Ethereum (ETH)

Just in March, Tether (USDT) had a market cap of $5 billion, today it has already reached a $10 billion mark.Digital currency Tether (USDT) has hit a landmark market cap of $10 billion advancing the surge in altcoins. The positive stride has also helped position the ‘United States Dollar backed’ cryptocurrency as the third-largest cryptocurrency to displace XRP following Bitcoin (BTC) and Ethereum (ETH).The announcement was made on Tether’s official Twitter account and it highlights the...

The cryptocurrency market was overwhelmed by bulls over the last 24 hours.Dmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, provides his vision of the possible tendencies in price changes for Bitcoin as well as for other major cryptos.Bitcoin added 2% and was trading close to $9,400. Today, the asset is correcting. At the moment, any somewhat significant impulse is perceived as the start of another mid-term wave. However, this time these expectations may be justified....

Ethereum saw a small increase today as it attempts to break the resistance at $245.Against Bitcoin, Ethereum retested the 0.0263 BTC level.ETH/USD: Bulls Looking To Break Above Ascending Triangle.Key Support Leves: $225, $215, $210.Key Resistance Levels: $245, $250, $265.Ethereum was trading at the lower boundary of an ascending triangle pattern earlier in the weekend. From there, it rebounded and pushed higher to reach the current resistance at $245 (bearish .786 Fib Retracement).ETH has...

The continuous growth of the most widely utilized stablecoin Tether (USDT) has pushed its total market capitalization above the coveted $10 billion mark. On a monthly scale, the rise is even more impressive as it has doubled since March 2020.Tether Takes Over $10B Market CapTether, or as it was initially named – Realcoin, saw the light of day in 2014 as an innovative coin holding a stable value in an ever-fluctuating cryptocurrency market. The so-called stablecoin is pegged (almost) 1-to-1...

Often referred to as the ‘Chinese Ethereum,’ NEO has teamed up with the state-backed BSN to drive mainstream adoption. NEO will become one of the technological pillars of the BSN, which includes tech and payment giants such as China UnionPay and China Mobile, in addition to the Chinese State Information Center, the official announcement stated.It’s official! United by our shared commitment towards greater #blockchain adoption and innovation #Neo and @bsnbase will work hand in hand to provide...

Litecoin price started an upside correction from the $41.50 support zone against the US Dollar.LTC price is now trading well below the $42.50 level and the 55 simple moving average (4-hours).There is a crucial bearish trend line forming with resistance near $44.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could struggle to clear the $44.50 and $45.00 resistance levels in the near term.Litecoin price is slowly moving higher towards $45.00 against the US...

Ethereum co-founder Vitalik Buterin admitted in a tweet that the higher transaction fee on the second-largest blockchain network is opening the door to security risks. However, he said that the fee market reform EIP 1559 will solve this.Higher Transactions Fees Vs. Block Reward Encourage Malicious MiningIn a recent tweet, Buterin said that the transaction fee revenue had got closer to 50% of the block reward revenue on Ethereum.Transaction fee revenue is now nearing half as high as block...

Recent research has indicated that Ethereum has ‘blown past Bitcoin’ in terms of daily settlement value, which is a testament to how much economic activity has increased on the network.Ethereum Beats Bitcoin on Economic ActivityMessari researcher, Ryan Watkins, recently posted his findings stating that a quarter ago, Ethereum had just about reached parity with Bitcoin in Daily settlement value. A quarter later, Ethereum has blown past Bitcoin.Zooming in on Ethereum, in Q1 Ethereum had just...

Ethereum price extended its decline below $235 and tested $230 against the US Dollar.ETH price is currently recovering and trading well above the $232 support zone.There is a major bearish trend line forming with resistance near $238 on the 4-hours chart (data feed from Coinbase).The pair could start a strong increase if it clears the $238 and $240 resistance levels.Ethereum price is holding the $232 and $230 support levels against the US Dollar. ETH/USD must surpass the $240 barrier to...

Bitcoin had another disappointing week providing a negative weekly return of 1.60%.Bitcoin Spends Another Week On the Cusp of a BreakoutBitcoin had another disappointing week providing a negative weekly return of 1.60%. Even though the flagship cryptocurrency entered Monday, July 13th, on a good posture by rising to a high of $9,345, the bears took full control of the price action. By the end of the day, BTC was trading at $9,224, roughly 0.82% lower than the weekly open.The selling pressure...