Ethereum (ETH)

Ethereum saw a small decline of around 3.26% over the past 24 hours and it currently trades at $178. ETH has seen a further 10% drop over the past month. The cryptocurrency recently met resistance at the 100-days EMA and failed to break above it which caused ETH to roll over and fall.Ethereum remains the second-largest cryptocurrency with a market cap of $19.32 billion.Looking at the ETH/USD 1-day chart:Since our previous ETH/USD analysis, the cryptocurrency continued to fall after meeting...

Global investment platform eToro has announced its new sentiment-based crypto portfolio offering called TheTIE-Long-Only. For this, eToro has joined hands with a data analytics platform The TIE which can formulate an algorithm-based investment strategy.The input data for this sentiment-driven trading platform will be Twitter mentions. The social media platform Twitter has been the main platform for discussing crypto activities. Several popular analysts and companies share their trading...

Aktien des Digital Large Cap Fund (DLC) von Grayscale erhielten diese Woche grünes Licht von der Financial Industry Regulatory Authority (FINRA) Der derzeit grösste Vermögensverwalter für Kryptowährungen weltweit ist Grayscale. Dieser Vermögensverwalter betreibt seit 2018 das DLC. Dabei handelt es sich um ein Anlagekonzept, dass es für alle Kunden möglich macht, die Preise von Kryptowährungen im Auge zu behalten. Dies ist möglich, ohne...

This week, the market continued to stagnate, but we saw some promising signs in the altcoin arena. While most of the attention was directed toward Bitcoin and whether its price support will hold, many traders’ interest seems to have shifted to altcoins.Bitcoin’s dominance rate declined since peaking at 72%, and other cryptocurrencies finally managed to reclaim some ground.Despite the fact that during the past 3 months Bitcoin’s price has shuffled up, its current price point is still...

BitcoinWe saw an attempt to break down the resistance at around the 200 MA. Support in this range holds at about $8,000. If it fails, we can expect testing lower levels and this will spell bad news for the market. The chart seems to be technically primed for a turning point.EthereumAgainst the USD, we saw attempts to return to the $200 levels. In the meantime, resistance is currently at $190 while support is at $160. The market could be testing it.Against BTC, the cryptocurrency continues to...

Even though a cryptocurrency exchange-traded fund (ETF) still has to assemble regulatory approval, Grayscale Investments manage to get a green light from FINRA in order to list, what it calls – the first publicly-traded digital currency index fund.After they’ve got Financial Industry Regulatory Authority’s approval, the so-called Digital Large Cap Fund (DLC) will be listed on over-the-counter markets and trade under the initials GDLCF.This is company’s fourth publicly-quoted investment...

The world’s leading car producers — BMW, General Motors, Ford, Renault, and Honda — have been working on the blockchain car identification and payment system under the Mobility Open Blockchain Initiative (MOBI) since last year. Next month, automobile giants will start testing a vehicle identification network in the United States.As Nikkei Asian Review has reported, the car producers have an aim to integrate the blockchain system to automatically make payments on typical commuting routes. This...

Google‘s latest attempt of attaining supremacy in quantum computing is giving jitters to crypto enthusiasts across the globe. Experts from the tech world say that quantum computing could likely make cryptography redundant which comes as a huge threat to the crypto industry.After Google’s recent talks on attaining quantum supremacy, Bitcoin enthusiasts are concerned whether it can pose a direct threat to the world’s largest cryptocurrency. Blockchain expert and author, Andreas Antonopoulos,...

The FXCM Group, an international online platform that offers foreign exchange (FOREX) trading, digital asset trading, as well as contracts-for-difference (CFD), has announced the start of a new offering for cryptocurrency baskets, targeted at the company’s retail patrons.According to an official FXCM press release, the new crypto basket is called CryptoMajor and will allow retailers handle a pool of five different digital currencies at once. The announcement specifies that the assets...

Ethereum price started a steady rise above the $180 resistance area against the US Dollar.ETH price is showing positive signs and it could continue to rise above $195 and $200.There is a crucial bullish trend line forming with support near $182 on the 4-hours chart (data feed from Coinbase).The price is likely to climb sharply once it clears the $188 and $195 resistance levels in the near term.Ethereum price is trading in a bullish zone above $180 against the US Dollar. ETH price seems to be...