Tag Archives: ethusd

BitcoinBitcoin saw a 3% decrease over the last week of trading as it drops into the $9,445 level. The coin started the week battling the $9,815 level as it proceeded higher to reach $10,000. Unfortunately, BTC was unable to capitalize above $10,000 and dropped by a steep 7% yesterday.Luckily, it found support at a rising trend line, which has kept the bullish trend intact for now.Looking ahead, if the buyers push higher, resistance lies at $9,815 and $10,000. Above this, added resistance is...

Ethereum fell by a steep 6.7% over the past 24 hours as it drops toward $230.The cryptocurrency was struggling at the $250 level over the first two weeks of June but has remained supported at $225 thus far.Against Bitcoin, Ethereum struggles at the 0.025 BTC level.Key Support & Resistance LevelsETH/USD:Support: $235, $225, $215.Resistance: $250, $265, $274.ETH/BTC:Support: 0.0245 BTC, 0.0243 BTC, 0.0239 BTC.Resistance: 0.0253 BTC, 0.026 BTC, 0.0265 BTC.ETH/USD: Ethereum Losing Battle At...

Stablecoins are touted as a hedge against the high volatility in the cryptocurrency markets since they are pegged to a relatively stable asset or a basket of assets like fiats or precious metals. However, new findings reveal that some of these tokens have ties with illicit activities like Ponzi schemes.In its latest state of the network report, crypto analytics firm Coin Metrics analyzed the supply and activity distribution of stablecoins, including market leaders Tether (USDT), USD Coin...

Ethereum surged by a total of around 20% over the past two weeks, but it struggles to break $250.The cryptocurrency has been trading between $235 and $250 for the entire period of June.Against Bitcoin, Ethereum struggles to pass the resistance at 0.0253 BTC.Key Support & Resistance LevelsETH/USD:Support: $240, $235, $225.Resistance: $250, $254, $268.ETH/BTC:Support: 0.025 BTC, 0.0243 BTC, 0.024 BTC.Resistance: 0.0255 BTC, 0.026 BTC, 0.0265 BTC.ETH/USD: Ethereum Continues To Battle At...

A recent transaction on Ethereum’s network saw someone pay 10,668 ETH in fees while the actual value of the transaction was 0.55 ETH. This isn’t the first instance of something like this happen as insane fees have been paid on several occasions in the past.$2.5 Million Worth of ETH Fees for a Single TransactionAccording to Etherscan, approximately two hours ago, someone sent 0.55 ETH to an unknown address. And while all of it might seem like a regular Wednesday, the transaction fees paid for...

A study compiled by the American multinational financial services corporation Fidelity Investments informed that a third of large institutional investors own a form of cryptocurrency. The highest level of interest came from Europe, followed by the US.Institutional Investors Choose CryptocurrenciesAccording to the report from Bloomberg citing the survey from Fidelity, 36% of all 774 participants said that they own digital assets or derivatives. When broken down into smaller categories, the...

The controversy surrounding Binance’s acquisition of the leading cryptocurrency prices aggregator platform CoinMarketCap (CMC) has become more heated due to recent changes made by CMC.Following the update in CoinMarketCap’s exchange ranking algorithm, several major crypto exchanges were stripped of their high rankings to unimaginable positions on the market table. CoinMarketCap is the world’s leading ranking platform and also one of the biggest websites in the industry. This is why positions...

Recent data indicates that Bitcoin transaction fees have been decreasing after the post-halving peak, while Ethereum fees are on the rise. As such, the total amount in fees spent on the Ethereum network has surpassed Bitcoin’s, and the gap continues to grow.The “Feepening” Ethereum Vs. BitcoinAccording to information from the cryptocurrency data company Glassnode, the daily Ethereum network fees surpassed Bitcoin’s on June 5th for just the second time this year. At that point, the amounts...

To say that this week has been a wild ride is definitely an understatement. Bitcoin’s price went nuts and kept everyone on edge. In the span of 24 hours, BTC went to surge from $9,400 to almost $10,500 and then back to $9,400 and even lower down to $8,600 on BitMEX. This whole ordeal saw an insane amount of both short and long positions getting liquidated.Interestingly enough, all of this comes as the legacy markets are flying. The S&P 500 is up almost 6% this week alone, while Nasdaq 100...

BitcoinBitcoin may have only seen a small 2.5% price surge over the last week of trading, but it was action-packed. On Monday, it surged from $9,426 and managed to rise as high as $10,430 to re-test the 2020 high.Unfortunately, it was unable to keep itself above $10,000 and dropped lower during the week to land at the $9,426 support. It has since bounced higher as it trades at $9,668.Looking ahead, if the buyers continue, the first level of resistance to overcome lies at $9,815. This is...