Tag Archives: ETHBTC

Despite the FTX meltdown and the consecutive decline of the cryptocurrency market, the Founder and CEO of Ark Invest – Cathie Wood – stands by her prediction that bitcoin will skyrocket to $1 million by 2030. She also seems unfazed by the price crash of Grayscale’s Bitcoin Trust (GBTC) since her company purchased additional 176,945 shares. BTC Bull Regardless of the Reality The shocking collapse of the crypto exchange FTX deepened the problems in the crypto sector and...

Ethereum’s resilience has been one of the significant talking points during the recent market crash as opposed to Bitcoin, ETH’s price has not created a new lower low. However, more downside could be expected if the price fails to break a key resistance level. Technical Analysis Technical Analysis By: Edris The Daily Chart: On the daily chart, the cryptocurrency has been retesting the $1300 resistance level over the past few days after dropping below it earlier during the...

The Canadian singer and teen idol – Justin Bieber – made the headlines in January by purchasing an NFT from the BAYC collection for 500 ETH (around $1.3 million at the time). The intensifying bear market and the decreasing interest in digital collectibles, though, have shrunk the USD value of his investment by over 94%. Bieber’s Massive Paper Loss Justin Bieber was among the famous individuals who dived into NFTs when the hype around them was at its peak. The superstar bought...

One of the most successful NBA teams – Golden State Warriors – reportedly paused all marketing endeavors related to the distressed crypto exchange FTX. The latter filed for bankruptcy last week after failing to honor its clients’ withdrawal requests. According to recent coverage, the basketball club stopped advertising all FTX products and services. The last promotion was on Monday (November 14), and it was related to Golden State Warriors shooting guard Jordan Poole. Miami...

Ethereum is showing signs of recovery after the recent crypto market crash. However, it may be too soon to call for a bottom, as the price is facing significant resistance levels, which need to get broken before expecting any bullish scenarios. Technical Analysis By: Edris The Daily Chart On the daily chart, the price’s free fall has come to a halt. ETH is currently trying to reclaim the $1250 support area, which was impulsively broken to the downside last week. In the event...

One of the largest supermarket chains in South Africa – Pick n Pay – reportedly enabled customers to settle their bills in cryptocurrencies, including bitcoin. The offering covers 39 of the company’s stores located across the country. The National Children’s Advocacy Center also hopped on the bandwagon, allowing people to donate digital assets. The Latest to Catch the Wave Pick n Pay hinted about the new payment option months ago when it trialed it in ten of its stores....

Ethereum experienced a considerable increase in the final days of October, resulting in a green monthly candle. To continue this growth, the cryptocurrency must retain $1,500 as support. Technical Analysis By Grizzly The Daily Chart After 40 days, the price of ETH officially surpassed $1,500 towards the end of October. Since then, the cryptocurrency has slowed down after hitting the resistance zone of $1650-$1700 (in red). With the test of this resistance and the approaching...

A joint study conducted by KPMG China and Aspen Digital estimated that 58% of family offices and high-net-worth individuals (HNWIs) from Hong Kong and Singapore had distributed some of their wealth in cryptocurrencies. At the same time, 34% of the non-investors intend to join the ecosystem in the near future. Almost Two-Thirds Are HODLers The survey revealed that bitcoin and ether are the most popular digital currencies among family offices and HNWIs based in Hong Kong and...

Following the recent recovery of Bitcoin, Ethereum’s price seems to be following suit and is now showing strength after months of bearish price action. The market is breaking above key levels one by one. Is the momentum going to continue? Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price has broken the descending channel pattern to the upside after a rebound from the $1250 support level. The significant bearish trendline is also being tested at...

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Polygon. Ethereum (ETH) Ethereum had a very strong rally in the past seven days, increasing by 19.4%. This makes it the best performer on our list this week. Such volatility has not been seen since September and signals a possible reversal in the downtrend. If ETH manages to make a higher high in the coming weeks, then that would confirm the reversal. The price is currently found just below the...