Tag Archives: ethusd

The stimulus bill signed by the US government pushed Miami’s pro bitcoin mayor to purchase portions of the two largest cryptocurrencies by market cap. In a recent interview, Francis Suarez also touched upon the role that Elon Musk plays in the market and said that BTC could serve as a valid hedge only after it stops going up and down by double-digits after interactions by Tesla’s CEO. Miami Mayor Owns BTC and ETH Ever since the start of the year, Francis Suarez, the current...

Philips will be auctioning a world-famous artwork called “Laugh Now Panel A” created by the anonymous street artist Banksy. Jonathan Crockett – Asia Chairman at the company – announced that BTC or ETH would also be accepted as a means of payment on the auction. Philips Enters the Crypto Community In a recent Bloomberg interview, Jonathan Crockett highlighted that Philips would accept the largest cryptocurrencies – bitcoin and ether – to purchase Banksy’s ”Laugh Now Panel A”....

According to recent data, the amount of ETH locked in the ETH 2.0 deposit contract has reached over five million, marking a major event for the Etherum community. Data from Dune Analytics shows 5,223,042 ETH —$14 billion at press time— has been sent to the ETH 2.0 contract. The lock-up amount is nearly 1,000% of the original 524,000 ETH threshold, which was the minimum needed to move forward with the staking process. There are currently 27,132 “unique depositors,” and 152,000...

Jeff Currie – the Global Head of Commodities Research at Goldman Sachs – shared his thoughts on Bitcoin being a gold replacement. According to him, digital assets are substitutes for copper. From Gold to Copper In a recent CNBC interview, Jeff Currie warned that cryptocurrencies are risky and people should not consider them as a gold substitute. He opined that copper is a much more similar asset to be compared to digital assets: ”Digital currencies are not substitutes for...

After consecutive months of exceptionally high transaction fees, the costs on the Ethereum and Bitcoin blockchain networks have dropped to multi-month lows. This came after the latest massive price crash and recovery attempts. Bitcoin and Ethereum Fees Calm The Ethereum network became synonymous with high fees following the substantial boost in popularity of decentralized finance, non-fungible tokens, and other operations running on top of it. As previously reported, the...

ETH/USD – Ether Breaks Above Short Term Triangle Key Support Levels: $2600, $2470, $2333.Key Resistance Levels: $2740, $2890, $3000. ETH surged 4% over the past 24 hours to break above a short-term symmetrical triangle. The coin had hit the support at the lower boundary of this triangle over the weekend after briefly spiking beneath $2200. Since then, ETH pushed back above the 100-day MA and broke the triangle’s upper boundary yesterday as it broke above $2600. Today, ETH...

ETH/USD – Ether Trades In Short Term Symmetrical Triangle Key Support Levels: $2330, $2200, $2035. Key Resistance Levels: $2470, $2650, $2740. While Bitcoin rebounded to $40K and got rejected earlier this week, ETH topped reaching nearly $2900, where it hit resistance at a bearish .382 Fib. From there, the coin started to head lower over the past few days until finding support at around $2200 (.618 Fib) just a few hours ago. Looking at the following lower time frame chart,...

Following yet another day of high volatility in which the bears had initial control, bitcoin has recovered roughly $3,000 of value from the current 7-day low recorded on Saturday. The altcoins followed suit with similar dips as the market cap had lost about $200 billion at one point. Just like the weekend before, this ongoing weekend is not disappointing in terms of volatility and price fluctuations. Bitcoin Recovers From Yet Another Dip It’s safe to say that the primary...

Bitcoin’s enhanced volatility resumed in the past 24 hours as the cryptocurrency fell to its lowest price level in five days beneath $35,000. Most alternative coins also experienced similar dips and increased BTC’s market dominance to above 43%. Bitcoin Dipped Below $35K After recovering from its most violent losses to $30,000, the primary cryptocurrency was riding high for a few consecutive days. The asset challenged $40,000 on a few occasions and even briefly jumped above...

It was another tough week in the cryptocurrency market where almost everything is trading in the red. Here’s how some of the major coins performed over the past seven days: Bitcoin Bitcoin is down by a total of 10.3% over the past seven days of trading as it currently sits around $36,000. The cryptocurrency had spiked as low as $31,185 (downside 1.618 Fib Extension) on Sunday, but the buyers managed to close the daily candle at $34,760 (downside 1.414 Fib Extension). From...