Tag Archives: ethusd

After another failure at $63,000, bitcoin has headed south and is close to testing $60,000 once more. Most alternative coins have also bled out in the past 24 hours, including a substantial drop for Dogecoin and Shiba Inu. Will BTC Retest $60K? The primary cryptocurrency went through a roller-coaster on Thursday when it plummeted from $61,500 to $56,500 in minutes. This came after recovering from the latest sub-$60,000 price slump. However, the asset bounced off just as...

The Australian Securities and Investments Commission (ASIC) has taken slow but cautious steps regarding an exchange-traded product tracking the performance of bitcoin or another cryptocurrency. In the latest development, the organization published guidance detailing regulatory requirements for funds waiting to offer crypto ETPs, including exchange-traded funds (ETFs) and structured products. The guidance is designed to ensure not only investor protection but also increase...

After another day of enhanced volatility, bitcoin touched $63,000 but has retraced with a few thousand dollars since. Ethereum marked another all-time high above $4,400 before correcting as well, while Binance Coin has surged to north of $500. ETH’s Latest ATH: BNB Up 8% Ever since BTC tapped its new all-time high last week at $67,000, all eyes in the cryptocurrency community were on the second-largest digital asset whether it could do the same. And it took ETH more than a...

There are no boring days in crypto. This week was the definitive proof of this. We saw something insane happen literally every day from the past seven, so let’s start with Bitcoin. This time last week, there were already some signs of indecisiveness in bitcoin’s price, which was approaching $60K. On Sunday, though, bulls stepped in and pushed the price up to $64K, where it stayed for about a day. On Wednesday, we saw two consecutive drops, which led to the price testing the...

This week was very intense in terms of price action, and we take a look at Ethereum, Cardano, Ripple, Shiba, and Doge. Ethereum After a lot of anticipation, Ethereum has finally managed to set a new all-time high today. At $4,400, this new peak is a bit of a disappointment considering the previous one was at $4,380. The bulls did not have the strength to push higher, but this may change in the following week. Overall, another good week for ETH with a 6.3% rally. Chart by...

The American TV personality Jim Cramer advised crypto investors to beware of the risks related to the digital asset industry. According to him, investments in bitcoin and the altcoins rests on the “greater fool theory,” where speculation is not absent. Furthermore, Cramer admitted he is not a crypto hodler because of inflationary reasons, instead, he was “simply gambling.” ‘There Could Be Millions of Greater Fools out There’ CNBC’s Jim Cramer shared yet another controversial...

Key Support level: $3,969 , $3,500 Key Resistance level: $4,380 Ethereum’s (ETH) failure to break the all-time high early this morning quickly changed the market sentiment, and bears took full control for a brief period. In the early hours of this morning, Ethereum attempted to break the all-time high, but it was stopped at $4,332 – just $50 below it. Once bulls realized they can’t push the price higher, the action was in the hands of the bears that did not hesitate and...

The Decentralized Finance (DeFi) sector is riding strong in October after a month-long market lull. The latest charts show figures hitting all-time highs with respect to liquidity stored on these protocols. The total value locked (USD) has established a new peak after soaring above $236 billion on October 26th. According to Defi Llama, the TVL figures have maintained a steady uptrend over the past month. In addition to the broader cryptocurrency realm, DeFi too had a rather...

Ethereum’s scaling hurdles have been at the center of technical discussions among DeFi aficionados and ETH proponents for quite some time now. Today, during the annual Shanghai Blockchain Week conference, Vitalik Buterin shared some thoughts on the matter. Vitalik Buterin, in his opening remarks during this year’s edition of the Shanghai Blockchain Week in China, talked about the future of Ethereum scaling. Reportedly, he believes that the only safe way to scale Ethereu while...

Ethereum’s (ETH) failure to break the all-time high at $4,380 quickly pushed the price back to the support range. Despite the correction, it seems ETH can drop much lower if the short-term bearish momentum continues. Key Support level: $4,000 , $3,500 Key Resistance level: $4,380 Ethereum is currently testing the critical support level at around $4,000. If the level fails to hold, ETH can drop to the next support level found around $3,500. On Thursday, Ethereum found strong...