Tag Archives: ethusd

Although most previous weekends started with adverse price movements for bitcoin, this time, BTC added more than a grand and reclaimed $34,000. Most altcoins have also reclaimed some ground since yesterday, with Cardano (ADA) rising 7% after news from Grayscale. Bitcoin Tops $34K CryptoPotato reported previously that the primary cryptocurrency tends to head south at the start of the weekends. Consequently, there were concerns about similar developments this time as well. So...

Unfortunately, we had another week of particularly choppy price action where most of the cryptocurrencies are trading in the red. Ethereum is an exception with a rather insignificant gain over the past seven days. Bitcoin Bitcoin is down a total of 4.7% over the past week as it breaks back beneath $33,000. The cryptocurrency started the week looking promising after double bottoming around $31,600. From there, it started to surge higher as it formed a short-term rising price...

While outlining the differences between Bitcoin and Ethereum, Mike Novogratz suggested that the latter might actually surpass BTC in terms of becoming the largest digital asset. During a recent interview, the CEO of Galaxy Digital also urged the cryptocurrency community to enhance its efforts to educate lawmakers about Bitcoin and the entire industry. Can ETH Surpass BTC? The topic of the eventual “flippening” – an event that will see ether surpassing bitcoin as the world’s...

Twitter has become the latest entity to drop its own NFT collections despite a decrease in the hype surrounding non-fungible tokens. Announcing the development today, the social media platform revealed that it has created 140 NFTs, which will be distributed freely to 140 users. While the NFTs are free, about seven of them have already been listed on the Ethereum-based platform, Rarible, with a “not for sale” disclaimer. At the time of writing, the bidding price for each of...

ETH/USD – Ether Stalls At Bearish .382 Fib & 20-day MA Key Support Levels: $2100, $2036, $2000.Key Resistance Levels: $2160, $2240, $2300. Ethereum rebounded from support at $1710 (mid-March support) over the weekend and went on to recover by a total of 25% from the low to reach the current $2142 level. After rebounding, it immediately broke above the 200-day MA and continued beyond $2000 on Monday. Since breaking $2000, ETH reached as high as $2240 yesterday but failed...

Mad Money host Jim Cramer is still bullish on Bitcoin, but instead of buying more BTC he went for Ethereum this time, claiming it can be used to buy more things like NFTs (Non-Fungible Tokens). In an interview with CNBC’s Squawk Box, Cramer said a lot of money is coming to Bitcoin despite its current slump. However, he seems to have changed his mind again by buying more Ethereum instead.  “Bullish. Have to be. There’s too much money coming in,” says @JimCramer. “I went back...

The institutional liquid staking provider StakeHound alleged the cryptocurrency security company Fireblocks of failing to protect its wallets. According to the accusations, about $77 million worth of ether was irrevocably lost. The Disappearance of $70M Worth of ETH: Disaster and Damage The Israeli publication Calcalist reported that StakeHound filed a lawsuit against Fireblocks for losing more than $75 million worth of the second-largest digital asset – ether. According to...

After the Saturday bloodbath in which bitcoin dipped to just over $30,000, the cryptocurrency has bounced off and recovered more than $3,000 of value. Most altcoins have also reacted well, with ETH surging to nearly $1,900, and the market cap has reclaimed $100 billion in a day. Bitcoin Spikes Above $33K As it happened during the past several weekends, Saturday didn’t start well for the primary cryptocurrency. After the highly volatile week, BTC began to gradually lose value...

Another weekend starts with another adverse price movement for bitcoin as the asset dropped by several thousand dollars to below $31,000. The alternative coins are also deep in red, with ETH dumping below $1,800, and the total market cap has seen $160 billion gone in a day. Bitcoin Plummets Below $31,000 It’s almost becoming a tradition for BTC to head south when the weekend starts. The cryptocurrency was actually looking healthy yesterday after it had recovered from the...

This week was a complete rollercoaster in the cryptocurrency market. Unfortunately, things failed to turn out for the better and the majority is trading in the red. Bitcoin Bitcoin is down a steep 11.7% this week as it currently trades beneath $34,000. The cryptocurrency started the week by dropping into support at $31,185 (downside 1.618 Fib Extension) on Monday. On Tuesday, it took a brief dive beneath $30K for the first time since January 2021. It dropped as low as...