Tag Archives: ethusd

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...

Trading in financial markets can be a profitable but also dangerous endeavor. It requires knowledge, skills, and experience no matter the market traders are employing.Of course, gaining experience could be related to actually registering losses but it could also help to learn from traders with a long history in the field. CryptoPotato recently had the chance to interview one such trader – Chris Dunn.Dunn is among the first YouTubers specialized in the field of Bitcoin and cryptocurrency...

Bitcoin prices followed stock markets down on Friday, sliding to an intraday low of $9,050; however, the primary cryptocurrency was able to recover in order to reclaim $9,300 over the past day but failed to break resistance there, sliding again to around $9,200 during most of Saturday.BTC/USD, Bitstamp. Source: TradingViewThe move has kept BTC within its range-bound channel as the consolidation, which began in early May, resumes. Trading volumes and volatility is dwindling, which could signal...

Nearly 90% of cryptocurrency investors worry about what will happen to their funds in case they pass away, a new study revealed. However, less than 25% of participants noted that they organized a comprehensive plan regarding their digital asset will.Cryptocurrency Funds After DeathThe digital asset field differs from traditional finance in various forms. Apart from the decentralized nature which attracts numerous proponents and investors, leaving a detailed will is not as simple.Due to...

BitcoinBitcoin saw a small 1% increase this week as it continued to trade sideways within the confines of a symmetrical triangle pattern. BTC has been trapped within this triangle since the start of June 2020, and a breakout will dictate the next direction.Looking ahead, if the buyers can rebound from the lower boundary of the triangle and push above the upper boundary, the first level of resistance will be located at $9,815. This is followed by additional resistance at $10,000, $10,226, and...

Ethereum saw a 2.2% price decline today as it dropped from $250 level to hit $240 today.Earlier in the week, ETH rebounded from the strong $225 support, which allowed it to start to climb toward $250 this week.Against Bitcoin, Ethereum created a fresh 3-month high after breaking above 0.026 BTC to reach 0.0263 BTC.Key Support & Resistance LevelsETH/USD:Support: $225, $215, $210.Resistance: $250, $265, $274.ETH/BTC:Support: 0.026 BTC, 0.0245 BTC, 0.0239 BTC.Resistance: 0.0263 BTC, 0.0266...

Bitcoin and most altcoins have retraced slightly in the past 24 hours, after a few days of gains. Interestingly, similar price fallbacks are visible in the traditional stock markets, as the Dow Jones is down by 1.4%.Bitcoin’s False BreakoutAfter the unsuccessful attempt to conquer $9,500, Bitcoin hovered above the significant 50-MA level at $9,300. However, the primary cryptocurrency has since slipped below it as it went from $9,440 to its current position at $9,150 in a few hourly candles....