Tag Archives: ETHBTC

BTC’s somewhat adverse weekend ended with the asset bottoming below $34,000, but bitcoin has bounced off since then and topped $36,000. New all-time highs for Binance Coin and Chainlink have helped the market cap to conquer the coveted $1 trillion level again.Bitcoin Tops $36KThe primary cryptocurrency was riding high above $38,000 before the weekend, but the bears didn’t allow any further increases. Just the opposite, they drove BTC’s price south on a few occasions.The asset dipped to...

In its annual report on the developments within the cryptocurrency field, the popular monitoring resource CoinGecko asserted that the top 30 coins by market cap added on average 300% in 2020. Moreover, the paper noted that the most widely-used stablecoins had neared $30 billion in circulation after a 440% surge.2020: Best Price PerformersCoinGecko’s report noted that the market caps of the top 30 cryptocurrency assets grew by $552 billion (308%) in 2020. Thus, last year’s results have...

Bitcoin’s bloody weekend continued with substantial price declines as the primary cryptocurrency dipped beneath $35,000, for the second time in 3 days. In contrast, remarkable gains for Cardano (ADA) and another all-time high for Polkadot have sent BTC’s dominance over the market to about 66%.Bitcoin Loses More Than $3K In 24HJust a few days after the Monday crash, in which BTC bottomed slightly above $30K, the cryptocurrency managed to recover most losses and even tried its hand at $40,000...

Grayscale Investment has done it again with another record-breaking quarter. In its Q4 2020 report, the leading digital asset manager informed that institutional investors had allocated over $3 billion into its product, with Bitcoin accounting for the most significant part.$3.3B Invested In Grayscale In Q4 2020Despite the challenges that 2020 brought to the financial markets, or perhaps because of them, Grayscale marked its best year to date with massive allocations, primarily from...

ETH/USD – Bulls Return To Bearish .886 Fib Resistance.Key Support Levels: $1,200, $1,165, $1,100.Key Resistance Levels: $1,300, $1,350, $1,392.Ethereum saw a whipsaw-like action in trading this week after starting above $1,300 and dropping into the $1,050 support (.382 Fib Retracement). From there, it rebounded on Wednesday as it pushed higher but became stuck at a short term falling trend line.ETH then headed lower but found support at $1,165 (.236 Fib Retracement). It rebounded from this...

Following an unsuccessful attempt to overcome the $40,000 price tag over the past two days, BTC headed south once again to an intraday low of about $34,500. Simultaneously, while most alternative coins were in the red, the two large-caps – Chainlink and Polkadot – have both exploded to new all-time highs.Bitcoin Dips To $34.5K But Quickly RecoversThe primary cryptocurrency managed to recover the losses following a “Black Monday” style crash that drove it back to the $30K price area in a...

This week has been particularly volatile. Bitcoin went on a massive correction, jumped back to $40K, and dropped again just a few hours ago. The majority of the altcoins followed. Polkadot (DOT), however, went on an impressive rally as can be seen in the below ROI chart for the coins we’ve selected this week.BitcoinBitcoin is down by a concerning 13.8% over the past week as it currently trades beneath $36,000. The downturn for Bitcoin started on Monday when it dropped by a steep 25% to reach...

Bitcoin has failed to break above $40,000 again and has stalled beneath $39,000. The altcoin situation is significantly more volatile, with Ethereum jumping north of $1,200 and Polkadot surpassing XRP as the fourth-largest crypto following a 30% surge.ETH Above $1,200, DOT Takes The 4th SpotThe alternative coins demonstrated high volatility levels in the past week, with massive drops during the Black Monday crash and rapid recovery sessions in the days that followed.Most large-cap ones have...

Recent data indicates that the number of Ethereum coins stored on exchanges has been gradually decreasing in the past year and showcased a massive drop in the past 24 hours alone.This causes speculations if the growing demand for ETH and decreasing liquid supply could skyrocket the asset price.Ethereum Held On Exchanges EvaporatesAccording to the cryptocurrency monitoring resource CryptoQuant, the number of ETH tokens stored on exchanges reached a 12-month high of over 14 million in the...

ETH/USD – Bulls Holding Strong Above .382 Fib SupportKey Support Levels: $1047, $1000, $952.Key Resistance Levels: $1100, $1165, $1200.Last week, Ethereum was climbing higher as it surged into the $1350 resistance (1.272 Fib Extension). More specifically, it struggled to close a daily candle above resistance at $1276 (bearish .886 Fib Retracement) and started to roll over from here at the weekend.On Monday, the sudden Bitcoin price plummet caused ETH to spike as low as $930. Luckily, the...