Tag Archives: ETHBTC

The controversy surrounding Binance’s acquisition of the leading cryptocurrency prices aggregator platform CoinMarketCap (CMC) has become more heated due to recent changes made by CMC.Following the update in CoinMarketCap’s exchange ranking algorithm, several major crypto exchanges were stripped of their high rankings to unimaginable positions on the market table. CoinMarketCap is the world’s leading ranking platform and also one of the biggest websites in the industry. This is why positions...

Recent data indicates that Bitcoin transaction fees have been decreasing after the post-halving peak, while Ethereum fees are on the rise. As such, the total amount in fees spent on the Ethereum network has surpassed Bitcoin’s, and the gap continues to grow.The “Feepening” Ethereum Vs. BitcoinAccording to information from the cryptocurrency data company Glassnode, the daily Ethereum network fees surpassed Bitcoin’s on June 5th for just the second time this year. At that point, the amounts...

To say that this week has been a wild ride is definitely an understatement. Bitcoin’s price went nuts and kept everyone on edge. In the span of 24 hours, BTC went to surge from $9,400 to almost $10,500 and then back to $9,400 and even lower down to $8,600 on BitMEX. This whole ordeal saw an insane amount of both short and long positions getting liquidated.Interestingly enough, all of this comes as the legacy markets are flying. The S&P 500 is up almost 6% this week alone, while Nasdaq 100...

BitcoinBitcoin may have only seen a small 2.5% price surge over the last week of trading, but it was action-packed. On Monday, it surged from $9,426 and managed to rise as high as $10,430 to re-test the 2020 high.Unfortunately, it was unable to keep itself above $10,000 and dropped lower during the week to land at the $9,426 support. It has since bounced higher as it trades at $9,668.Looking ahead, if the buyers continue, the first level of resistance to overcome lies at $9,815. This is...

Ethereum’s hash rate has increased by nearly 30% since the start of 2020 to the current levels of 187,369 GH/s suggesting that miners are becoming more involved before the impending launch of Ethereum 2.0.ETH Hash Rate Rises In 2020According to data from Etherscan, ETH’s hash rate started the year at approximately 147,405 GH/s. Almost immediately it increased by 10%, and since then it has continued with the same positive trend. At the time of this writing, the hash rate is at 187,369 GH/s,...

Ethereum surged by 15% over the past week of trading as it reaches $243.The coin broke above an ascending triangle pattern to end the consolidation during the week.Against Bitcoin, Ethereum has broken the upper boundary of a wide symmetrical triangle.Key Support & Resistance LevelsETH/USD:Support: $240, $225, $220.Resistance: $245, $250, $265.ETH/BTC:Support: 0.025 BTC, 0.0243 BTC, 0.0239 BTC.Resistance: 0.0255 BTC, 0.0259 BTC, 0.0263 BTC.ETH/USD: Ethereum In A Battle With $250After...

Vitalik Buterin applauded the successful launch of various Layer 2 solutions on Ethereum, saying that “the initial deployment of Ethereum’s layer two scaling strategy has *basically* succeeded.” In a recent thread, he sheds light on some of the most recent developments and challenges ahead.While everyone wasn’t looking, the initial deployment of ethereum’s layer 2 scaling strategy has *basically* succeeded. What’s left is refinement and deployment. A thread: https://t.co/30Dfr9XmFs—...

Ethereum surged by a total of 6% over the past 24 hours of trading as the coin breaks $250.Before this, ETH was struggling with the resistance at $244 – which has now become strong support.Against Bitcoin, Ethereum remains within a wide symmetrical triangle as it attempts to break the upper boundary again.Key Support & Resistance LevelsETH/USD:Support: $250, $245, $255.Resistance:$265, £274, $280.ETH/BTC:Support: 0.0243 BTC, 0.0239 BTC, 0.0235 BTC.Resistance: 0.025 BTC, 0.0255 BTC, 0.0259...

Bitcoin surged above $10,000 for the first time since February, and it took the entire market with it. Altcoins are all flashing in green, as the total capitalization increased by more than $13 billion overnight.Now, a popular cryptocurrency trader pointed out that the chart of the total market cap went through the same pattern it did back in 2017, months before altcoins shot off through the roof.Altcoin Season 2020 Incoming?Bitcoin is up 6% in the past 24 hours as it trades at around $10,100...

Ethereum completes a daily 10% price increase, and a 7-day 15% gains, recording a current high of $245.ETH hit resistance at a bearish .786 Fib Retracement before dropping by 2.5% today down to the $235 price region.Against Bitcoin, Ethereum exploded to 0.025 BTC, which is a new 30-day high.Key Support & Resistance LevelsETH/USD:Support: $230, $225, $220.Resistance:$245, $250, $260.ETH/BTC:Support: 0.0245 BTC, 0.024 BTC, 0.0236 BTC.Resistance: 0.0255 BTC, 0.0259 BTC, 0.0263 BTC.ETH/USD –...