Tag Archives: ethusd

Grayscale continues to break records with its Bitcoin Trust as the company has attracted inflows of over $1 billion in BTC from institutional clients in a week.Additionally, the company seems to be preparing to launch several new cryptocurrency trusts for Chainlink, Tezos, and more.Grayscale’s BTC Trust Inflows To A New RecordCryptoPotato reported earlier that the leading digital asset manager registered its best quarter to date in Q4 2020 with the most substantial inflow quantities....

After a few consecutive days of price drops, bitcoin has regained some value and has jumped to around $33,000. However, most alternative coins have outperformed their leader with massive gains and have reduced BTC’s dominance over the market to 64%.Exploding Alts, New ATH For LINKThe past several days have been rather harmful to the altcoins as the cumulative market capitalization lost about $200 billion to beneath $900 billion.However, most alts have bounced off hard in the past 24 hours...

During the past seven days, we saw an extended correction in Bitcoin’s price which failed to recover to its previous all-time highs. However, while BTC is down, a lot of altcoins started popping and gaining some serious value. For this week’s analysis, we’ve decided to take a closer look at Bitcoin, Ethereum, Ripple, Polkadot, and Chainlink.BitcoinBitcoin is down by a further 18% this week, dropping by a steep $10,900 to reach a low at $28,900. The cryptocurrency was trading at the upper...

Bitcoin’s decline continued in the past 24 hours as the asset dumped below $30,000 for the first time since early January. Most altcoins are also covered in red, and the total market cap has plummeted to $900 billion – meaning a decrease of over $100 billion in a day.Bitcoin’s Drop Took It Below $29KJust a few days ago, BTC attempted to overcome the $38,000 price tag but to no avail. Ever since that rejection, the cryptocurrency has been gradually decreasing in value.The situation worsened in...

Employees of the large provider of cloud migration, app development, and software engineering services, Sequoia Holdings, could start receiving their salaries in various cryptocurrencies. Some of the options include Bitcoin, Bitcoin Cash, and Ethereum.Founded in 2012, Sequoia Holdings, LLC is a provider of advanced analytic solutions, agile software development, cybersecurity products, and other IT-related services.Earlier today, the Reston, VA-based firm announced that employers could choose...

The second-largest cryptocurrency might reach even higher summits, according to strategists from Fundstrat Global Advisors. They envision a bright future for Ethereum by predicting a five-digit price tag.A Possible Price Surge Up To $10,500 For ETH?According to a recent Bloomberg report citing Fundstrat Global Advisors LLC, the largest altcoin could multiply its value seven times.Analysts at Fundstrat consider this week’s rise of ETH as a sign that it may even jump to the five-digit scale....

ETH/USD – Ethereum Retreats From Yesterday’s ATHKey Support Levels: $1275, $1230, $1200.Key Resistance Levels: $1350, $1400, $1424.Yesterday, ETH surged by a strong 12%, which allowed it to climb above a consolidation pattern and hit the previous ATH price. It even set a new ATH marginally higher, around $1439, before coming back down to close the day at about $1380.Today, Ethereum retreated and dropped by 8%. This was largely caused by a sharp drop in the price of Bitcoin, which also fell by...

Less than two years after entering the Japanese market, Enjin Coin has received approval from the country’s JVCEA to be listed on the cryptocurrency exchange Coincheck. Thus, the asset has become the first gaming token authorized for usage in the Asian nation.JVCEA Approves Enjin Coin’s Listing On CoincheckLaunched following several high-profile exchange hacks in 2018, Japan’s Virtual Currency Exchange Association (JVCEA) received approval from the country’s financial regulator, the FSA, to...

Cryptocurrency traders that want to benefit from the infamous market volatility would be able to do so by taking advantage of COTI’s recently launched Crypto Volatility Index (CVI). Users will be able to place positions in anticipation of significant fluctuations in either direction.The First Decentralized Crypto Volatility IndexCOTI is a blockchain project that describes itself as a “fully encompassing finance” on the distributed ledger technology. It’s designed to meet and address...

ETH/USD – Bulls Set New ATH PriceKey Support Levels: $1390, $1350, $1275.Key Resistance Levels: $1473, $1530, $1600.Ethereum was trading in a short term symmetrical triangle pattern as it struggled to break resistance at $1276 (bearish .886 Fib) over the past four days of trading. This resistance was finally broken with today’s 12% price hike, which saw the cryptocurrency breaking the previous ATH record.It went on to set a new ATH price at $1439, marginally above the previous one at $1425....