Tag Archives: ethusd

Phase 0 of Ethereum 2.0 has been running full nodes on the Topaz testnet for months. However, the first block on the highly anticipated Beacon Chain has been mined and validated in mid-April. The first testnet was called Sapphire, and it was a scaled-down version that successfully tested smaller 3.2 ETH deposits.Topaz went live with testing full 32 ETH nodes in May, and the Onyx testnet was launched in mid-June. According to Prysmatic Labs, who have been conducting a lot of the testing, Onyx...

BitcoinBitcoin saw a small 1% price decline this week, but it managed to remain within the confines of a symmetrical triangle pattern.Throughout the week, BTC attempted to break above the upper boundary of the triangle on numerous occasions but failed each time. The coin recently found support at the lower edge of the triangle.BTC can be considered directionless (neutral) until a breakout occurs from this triangle. If it breaks toward the upside, then BTC can be expected to head back to the...

The highly anticipated upgrade from ETH 1.0 to ETH 2.0 has been in the pipeline for a couple of years now. The initial phase, Beacon Chain, has been running full nodes on testnet since May, and staking rewards are being paid out to validators testing the new platform.The mainnet launch is unlikely to happen until later this year at best or even early 2021. A recent report has taken a deep dive into the economics of ETH 2.0, and it appears that many holders of the world’s second-largest...

With a bit of delay following the Twitter hack, Bitcoin finally sees a slight movement downwards to $9,100. Interestingly, this time the three major US stock market indexes decrease in value with a similar percentage.The situation appears much more favorable in the low-cap altcoin market, as massive gainers include Aurora, Ampleforth, and Algorand.Bitcoin With A Quick DipFollowing the most discussed topic of the infamous Twitter hack from a few days ago, BTC’s involvement remained unnoticed,...

Ethereum saw a sharp 3% price drop today as it falls to the $230 level.This price decline has put ETH in danger of breaking beneath a rising trend line and turning bearish.Against Bitcoin, Ethereum fell lower from the 0.0263 BTC resistance to reach 0.0253 BTC again today.ETH/USD: ETH Bears Push Into Trend Line SupportKey Support Leves: $225, $215, $210.Key Resistance Levels: $245, $250, $265.Looking at the daily chart, we can see that ETH struggled to break the resistance at $245 this week...

An ongoing scam is being promoted on Twitter through some of the biggest accounts of major cryptocurrency companies and proponents.These include the world’s leading exchange, Binance, the US-based exchange Coinbase, as well as the account of one of the best-known Bitcoin proponents, AngeloBTC, and even Winklevoss’ Gemini.Ongoing Crypto ScamIn the past few minutes, some of the most popular cryptocurrency Twitter accounts have been compromised.A message about a partnership with a company called...

The continuous rise of institutional interest towards the cryptocurrency industry is exemplified by Grayscale Investments’ record Q2 2020 earnings report. The large digital asset management company announced today that it had received total investments in Q2 of over $900 million – $400 million more than its previous record.Grayscale’s Best Quarter To dateThe company, primarily oriented towards institutional investors, published its Q2 2020 results earlier today. It indicates that Grayscale...

Ethereum saw a small 1.6% price drop today as the coin reached the $240 level.Earlier in the week, ETH hit the $250 level but was unable to overcome it, which caused it to fall to $240.Against Bitcoin, Ethereum has traded in a range between 0.026 BTC and 0.026 BTC this past week.ETH/USD: Ethereum Bulls Retreat From $250Key Support Levls: $240, $225, $215.Key Resistance Levels: $250, $265, $274.At the start of July, Ethereum bounced higher from the support at $225 to reach the resistance at...

Cryptocurrency markets have remained in consolidation over the weekend with little movement from the high cap coins. Total market capitalization has increased slightly to $274 billion, but in general, things have remained in consolidation.Bitcoin prices dipped to a weekend low of $9,150 (Bitstamp), but things had recovered slightly during Monday’s first hours of trading. At the time of writing, prices were nudging $9,240, but the overall outlook for BTC was still range-bound.Bitcoin Price...

Ethereum has seen its active addresses count explode by nearly 150% since the start of the year. Its addresses are also massively outperforming Bitcoin’s despite being up by 50% YTD.Ethereum Outperforms BTC In New Active AddressesAccording to data provided by the blockchain monitoring company Messari, the number of Ethereum active addresses year-to-date has surged by 145%.New Active Addresses Ethereum And Bitcoin. Source: MessariThe chart illustrates a couple of significant surges. The first...