Tag Archives: ETHBTC

Key Support level: $4,354 Key Resistance level: $5,075 After a short-lived correction last week, ETH found good support on the $4,354 level and rallied to set a new all-time high today. The weekend volume was low, but today, the bulls kept the price on the uptrend and pushed higher as bears seem to be absent from the market. The key resistance at $5,075 remains the most likely battlefield for the next encounter between bulls and bears. Chart by TradingViewETH Price Technical...

Bitcoin’s indecisive price movements have continued in the past 24 hours, with the cryptocurrency staying above $60,000. Binance Coin has been among the best performers from the larger-cap alts as the asset has neared its ATH. BNB Eyes New ATH; AVAX Up 12% Most alternative coins were slightly in the red yesterday, as reported, but the landscape is relatively different today. Ethereum had fallen below $4,500, but a minor 2% increase on a 24-hour scale has driven the...

IGM Financial Inc., a 40-year-old Canadian wealth manager, could be next in line to launch Bitcoin and Ethereum services for its clients, suggested the company’s CEO, James O’Sullivan. Founded in 1978, IGM Financial is a large Winnipeg-based investment company with over $260 billion in assets under management. The firm’s Chief Executive Officer – James O’Sullivan – asserted in a recent interview that internal discussions have already begun in regards to adding the two largest...

Bitcoin continues with its untypically flat price movements as the cryptocurrency has stalled around $61,000 once again. Most altcoins have marked minor losses in a day, while Shiba Inu has recovered roughly 20%. Shiba Inu Bounces Off Most of the altcoin space is in the red today after the recent gains. Ethereum, which saw new all-time highs just days ago, is down by a bit more than 1% on a 24-hour scale and stands below $4,500. Cardano has slipped to $2, while Ripple,...

Pivotal upgrades for Ethereum 2.0 have been slow but steady. While technical issues continue to bother the network, something that has dragged on for over two years, researchers have now detailed three scenarios of how Ethereum 2.0’s proof-of-stake (PoS) design could still be attacked. Don’t worry; they can be fixed too. Serious Attacks on Ethereum’s PoS design The world’s second most valuable cryptocurrency, Ethereum (ETH), has managed to notch another ATH in the early hours...

Selling gold for Bitcoin (BTC) appears to be the new strategy among some investors. Jefferies’ Christopher Wood is no exception. He is now trimming his allocation to the precious metal to expand his exposure to the world’s largest cryptocurrency. Wood, who happens to be the global head of the investment banking firm, also believes traditional financial establishments such as banks should focus on blockchain and leverage the technology instead of waiting for it to cause a...

Shortly after becoming a publicly-traded company, Bakkt Holdings has announced that its customers will be able to interact with the second-largest cryptocurrency as well. Owned and operated by the Intercontinental Exchange, Bakkt Holdings is among the largest regulated cryptocurrency platforms providing Bitcoin services to its clients. Its portfolio of available digital assets will double soon, as the firm announced earlier on November 5th. Bakkt will enable its clients to...

Key Support level: $3,969 Key Resistance level: $4,460 The bulls are attempting another break above the all-time high after the shakeout from 27th October which saw the market take a downturn. After the short-lived correction last week, ETH recovered quickly and has maintained a price above the $3,969 support level. This is a show of strength from the bulls and the bears need to return in force if they stand any chance of reversing this momentum. Chart by TradingViewETH Price...

After another failure at $63,000, bitcoin has headed south and is close to testing $60,000 once more. Most alternative coins have also bled out in the past 24 hours, including a substantial drop for Dogecoin and Shiba Inu. Will BTC Retest $60K? The primary cryptocurrency went through a roller-coaster on Thursday when it plummeted from $61,500 to $56,500 in minutes. This came after recovering from the latest sub-$60,000 price slump. However, the asset bounced off just as...

The Australian Securities and Investments Commission (ASIC) has taken slow but cautious steps regarding an exchange-traded product tracking the performance of bitcoin or another cryptocurrency. In the latest development, the organization published guidance detailing regulatory requirements for funds waiting to offer crypto ETPs, including exchange-traded funds (ETFs) and structured products. The guidance is designed to ensure not only investor protection but also increase...