Tag Archives: ETHBTC

Yesterday’s highly volatile BTC performance has led to increased trading volumes on numerous platforms, including CME Bitcoin futures registering a new all-time high of $2.7 billion.BTC Futures Record Trading Volume On CMELaunched in late 2017, the Chicago Mercantile Exchange allows institutional investors to trade with the primary cryptocurrency on a regulated platform. Apart from short-lived low levels of trading volume, the exchange has enjoyed increased adoption from such customers.Data...

Recent data indicated that mid-tier traders took profits before and during yesterday’s massive price drops for bitcoin and Ethereum. Furthermore, it disputed the assumptions that whales and institutional investors have disposed of their BTC holdings.Mid-Level BTC Holders Took Profits Amid The DropFollowing the highly positive first days of 2020 in which bitcoin exploded above $30,000 to a new all-time high of nearly $35,000, the cryptocurrency retraced heavily yesterday. As CryptoPotato...

ETH/USD – Ethereum Breaks $1000 and Surges As High As $1,161.Key Support Levels: $975, $915, $855.Key Resistance Levels: $1042, $1100, $1140.Ethereum has surged 40% since the start of 2021, allowing the cryptocurrency to break above $1000 for the first time since Jan 2018. Yesterday, ETH pushed upward from $760 and closed the daily candle at $975 (long term 1.272 Fib Extension).Today, ETH continued to reach as high as $1161, where it met resistance at a 1.272 Fib Extension level....

ETH’s price is not the only Ethereum metric rising in the past few days as the transaction fees on the network have skyrocketed to an average price of above $10. The popular decentralized exchange Uniswap still accounts for the largest share with over 30,000 ETH spent in the past 30 days.Surging Fees On The Ethereum NetworkAccording to data from the monitoring resource Ycharts, the average fees on the Ethereum network have surged recently to above $10. This development came following months...

It’s perhaps safe to say that the past two hours have been some of the craziest on the cryptocurrency market for the past few years.The total cryptocurrency market cap surged to more than $900 billion, only to lose around $70 billion in an instant.ETH Lost Almost $300 In Two HoursThere’s no doubt that the center of attention over the past couple of days is Ethereum. ETH went on a rampage yesterday, claiming major resistance levels on the way up. It managed to surge to a high of $1,173 on...

ETH/USD – Ethereum Bulls Break $900 and Set Fresh 34-Month HighKey Support Levels: $875, $850, $800.Key Resistance Levels: $933, $950, $1000.Etheruem saw an impressive 19% price surge today, causing the coin to break above $800 and $900 in a short 7-hour period. It was struggling to break resistance at $750 (bearish .886 Fib) for most of the week but eventually penetrated above it yesterday.The cryptocurrency continued above $900 until it met resistance at a long term .618 Fibonacci...

The cryptocurrency market is on fire, there’s no doubt of it. Especially today, after ETH went on a rampage and charted two consecutive green hourly candles, gaining upwards of 10%, bringing its total gains for the past twelve hours alone to almost 20%.ETH Conquers $900 with Massive CandlesIt appears that ETH bulls are refusing to sit tight while Bitcoin charts new highs on a daily basis. Today, they made a statement with two massive hourly candles, bringing the price up to a high of $926 (on...

2020 has been an interesting year, to say the least. The cryptocurrency field, in general, witnessed tremendous growth.The total market cap surged from $340 billion in January to a new record of over $800 billion at the time of this writing, more than doubling its value.The growth in decentralized finance (DeFi), however, is even more substantial. Data shows that there’s currently more than $15 billion total value locked in DeFi protocols – an increase upwards of 2500% since March.With the...

Bitcoin celebrates its 12th birthday by breaking down another milestone at $34,000 and yet another all-time high of $34,800. As some alternative coins have followed BTC’s move upwards, including ETH surpassing the $800 level, the total market cap has also reached a new record.Bitcoin’s Latest ATH Eyes $35KIf the ending of 2020 seemed impressive with several consecutive all-time highs, bitcoin’s new year so far is kicking it out of the park. The primary cryptocurrency has broken down barriers...

After a brief dip beneath $29K, BTC surged another leg to a fresh all-time high and came just a step away from the coveted $30,000 price tag. Most alternative coins have failed to follow bitcoin’s moves, and BTC’s dominance over the market has increased to 71%.Bitcoin records an unbelievable ROI of approximately 700% since the 2020 low recorded on the 13 of March – the Black Thursday. On that date, Bitcoin plunged to $3650 on BitMEX. However, since then, the primary cryptocurrency sees only...