Crypto markets lit up yesterday, with Ripple’s XRP leading the charge with an over 12% gain on the day. The buzz around the crypto industry caused other assets to take off, including the first-ever cryptocurrency Bitcoin, and the number two cryptocurrency by market cap, Ethereum.
Ethereum’s rally, however, was stopped abruptly at overhead resistance at $145 – a critical resistance level that must be breached for price action to become bullish. Was the rejection at this level just another bearish retest, or will Ethereum finally break out and surge?
Ethereum Rallies, But Pauses at Bearish Breaker at $145
Ethereum price has been suffering for the last two years straight. Nearly two years ago on this exact day, Ethereum reached an all-time high price of $1,400. Now, the cryptocurrency is trading at prices 90% lower than that.
Related Reading | Crypto Comeback: After Two Years of Bear Market, Bitcoin Crypto May Be Ready To Rebound
Right now, the number two crypto asset is trading at $141, $4 less than the $145 resistance level it reached last night and was rejected from.
$145 is a bearish breaker from a low set in early December 2019. After the cryptocurrency fell below that zone, Ethereum hasn’t been able to hold a daily close above it since.
When Will Suffering End for Ether Holders?
Ethereum is among the few cryptocurrencies that ended 2019 lower than it started the year, as a result of an ongoing downtrend across the crypto market. Few have suffered as bad as Ethereum, however, it isn’t the worst performer of the top ten cryptocurrencies by market cap.
Ethereum and other altcoins have not only fallen significantly in their USD values but have also bled out in their ratios against Bitcoin. Bitcoin dominance rose steadily throughout 2019, wiping any remaining capital left from altcoins and causing mass capitulation.
While Ethereum does continue to suffer, its woes against Bitcoin are bound to reverse, and the altcoin could go on to eventually outperform Bitcoin on its ETH/BTC trading pair.
Related Reading | Bitcoin Price RSI Breakout Could Target $9K Short-Term
Such a move could kick off an alt season, however, this won’t happen until Ethereum can breach above $145 and move higher. It also depends on what Bitcoin does, as the biggest player in the market often dictates overall market sentiment.
Bitcoin will need to remain relatively stable over the next days in order for Ethereum to have a chance to breach such a key level. The post appeared first on NewsBTC. origin »
What if you could discover the next big thing in crypto before it skyrockets? Imagine putting $1,000 into a project today and seeing exponential growth in the coming months. The cryptocurrency market in 2025 is brimming with projects poised to reshape industries and deliver massive returns.
What is AI Crypto?
Artificial Intelligence and Cryptocurrency
Artificial Intelligence (AI) and cryptocurrency are two rapidly evolving technological fields that have grown exponentially with the eThe post Avorak AI: A leading force in the crypto space appeared first on AMBCrypto.
Bitcoin analysts note that the AI-based cryptocurrency trend is taking off, stating that AI crypto will be the next big disruptor of the cryptocurrency market. AI has been dominating various industries, and recently the crypto space has seen the entry of automated trading bots and market analysis tools.
Cryptocurrency, volatility and the risks therein. What’s crypto’s long-term viability, including the impact of decentralised finance (DeFi). Are Central Bank Digital Currencies (CBDCs) evidence that crypto is here to stay? Since the introduction of the first cryptocurrency transactions and digital tokens in the 1990s following their democratisation in the 2010s, the current crisis in the […]
The post The global crypto meltdown: Is it the end or just a new start? appeared first on CoinJournal.
Known for his analytical approach to cryptocurrency research, Miles joins Crypto Banter to host a daily DeFi show – focusing on project deep dives and crypto investment...
If you’ve ever purchased or sold cryptocurrency, you’ve likely done so through a cryptocurrency exchange. These platforms specialize in offering individual crypto owners a chance to trade their crypto assets with other people in a simple, quick, and relatively safe manner.
IMPORTANT WARNINGS Trying to deposit a non-supported token may result in the loss of tokens. Send a small test amount first Beware when choosing the network which you want to use for sending crypto Withdrawing Cryptocurrency on Crypto.
At least 3 crypto firms have bought airtime during the event. FTX, Bitbuy, and Crypto. com are among the exchanges known to have slots. The presence of cryptocurrency in sports is growing in an unprecedented space.
Crypto. com has announced that it has signed a five-year partnership agreement with the Australian Football League. With the new partnership, Crypto. com will now be the Official Cryptocurrency Exchange and Official Cryptocurrency Trading Platform of both the Toyota AFL Premiership Season and NAB AFLW competitions.
After last month’s crypto and NFT boom, cryptocurrency markets continue to show bullish momentum. With the global cryptocurrency market cap at $2. 6 trillion, it’s clear that crypto is here to stay.
Many people believe that cryptocurrency has the potential to be a great equalizer in the global economy. However, not all cryptocurrency wallets are created equal. More and more crypto investors are opting for a handheld, mobile device that keeps their crypto wallet secure and accessible 24/7, and the Keevo Model 1 is the latest and […]
Racing body Formula 1 (F1) signed on Hong Kong-based crypto firm Crypto dot com as its official cryptocurrency sponsor yesterday, as per a release.
The post Formula 1 takes on Crypto.com as ‘cryptocurrency sponsor’ appeared first on CryptoSlate.
The cryptocurrency communities in several countries might be excited to adhere to new policies that are preceding numerous bans that have recently been overruled, but the U.K.’s cryptocurrency community may be taking a step back, following a stern ban that has just been launched against the sale of crypto derivates to retail consumers. The Financial […]
Bitcoin proponent Jack Dorsey’s payment company Square, which first ventured into crypto in 2018, is now inviting cryptocurrency firms to join its Cryptocurrency Open Patent Alliance (COPA) to ensure the industry remains open-source.
A curated weekly summary of forward-focused crypto news that matters. This week, DeFi assets continue to soar, a cryptocurrency that's 3 times the price of Bitcoin, and a new listing on Coinbase
Since the novel coronavirus has been officially declared a pandemic, the crypto space has been flooded with negative opinions about the future credibility of digital assets. As the disease has spared no single industry, including the cryptocurrency market, and brutally broke down the myth about Bitcoin being a safe haven option, most crypto holders have […]
Crypto. com, a Hong Kong-based cryptocurrency service provider that offers users lending services, crypto payments through Visa debit card services and more, has announced the launch of its cryptocurrency exchange.
The cryptocurrency market in the past few months has seen an influx of government regulations targeted towards exchanges and payment processors that deal with digital assets. Top cryptocurrency payment processor.
After a request from a group of lawmakers, the IRS is expected to update its guidance for cryptocurrencies, first set in 2014. A July 6, 2019, report by the Wall Street Journal indicates that the U.
Shariah-compliant Services and Solutions for Catholics Are Increasingly Being Developed for the Crypto Space Crypto projects and communities are created to cater to various sectors of society and this includes religious faiths as well as in 2018 the first-ever Islamic-based cryptocurrency exchange was launched.
Every time you think the craziest moments in crypto are behind you, another ghost of 2017 returns to haunt the cryptocurrency markets. We’ve already seen the improbable resurrections of BitConnect and Mark Karpeles.
Another week, another round of Crypto Tidbits. Over the past week, Bitcoin (BTC) has surged yet again, with the asset moving past $6,000 — one of 2019’s most important levels. This came as a slew of positive news graced the cryptocurrency and blockchain market.
Once upon a time, a cryptocurrency transaction resembled a drug deal. Buyers and sellers met in-person, exchanging wads of cash for a private key scribbled on a slip of paper. A buyer could lose everything simply because the seller had bad handwriting.
Several years into the cryptocurrency era, many users and enthusiasts have faced a peculiar issue: managing their various crypto assets required a degree of automation. It’s hard to keep track of everything that blooms in your crypto garden: on the one hand, many of us have accounts on more than one crypto exchange and wallets scattered across many blockchains; on the other, a large number of ICO investors and HODLers need ready access to their numbers.
The individuals behind “cashcoin,” a fake cryptocurrency, have been arrested for duping investors of over $17 million in Mumbai, India according to reports February 17, 2019. Crypto and the Gang As the general public and world government are becoming more aware of cryptocurrency and how it works, the prosecution of crypto criminals is becoming more effective.
For many people, learning to trade cryptocurrency can be scary. It’s much easier to sit on your investments and HODL. While there’s nothing wrong with that approach, it’s important to realize that you’re leaving money on the table.
Over the past two years, crypto has often been referred to as the Wild West, and for good reason. Cryptocurrency has been an unregulated digital frontier where the fringes of society speculated feverishly—and some prospectors won big.
A high-profile cryptocurrency theft case and a series of lawsuits associated with it have brought SIM swap hacks to the limelight once again. Nicolas Truglia, the primary suspect of a $24 million-dollar cryptocurrency theft case where BitAngels founder Michael Terpin’s crypto holdings were robbed, was known to live in $6,000 per month rented apartment.
After failing to raise the necessary funds from its ICO for its September 2018 launch, French crypto banking Startup Hush has vanished without a word. Social media accounts of founders have been deleted, and no further updates have been made available.
In Oct. 2017, American cryptocurrency investors had no idea that they would be witnessing all-time highs in the crypto market, while the rest of the population remained oblivious to cryptos altogether.
The beginning of 2018’s final quarter is showing increased activity in the cryptocurrency space. Retail investors are hoping for bullish crypto days to return again, while adoption is improving consistently across the globe.
Cryptocurrency adoption on a global scale can help in making the market less vulnerable to price swings. As the crypto sector matures, it can turn into a fully fledged financial system that it was intended to be.
Blockchain and cryptocurrency, although long posing a promising digital solution to many of the issues associated with archaic monetary and digital systems, may soon be growing out of its “Lambo” and “Crypto Bro Club” phase as the technologies see greater mainstream adoption rates.
Cryptocurrency markets have definitely transcended their obscure origins as a single currency with a small following to become a world-altering ecosystem with hundreds of currencies and multi-billion dollar market cap.
Cryptocurrency is changing every day and regulatory organizations are struggling to keep up. This has left some of the world’s largest cryptocurrency companies scrambling to comply with a myriad of uncertain regulations.
Consistent losses in the cryptocurrency sector have forced some investors to adopt a grim point of view about the state of the market. However, a new development from the European Union is reassuring crypto enthusiasts that the situation is still salvageable.
One aspect of the cryptocurrency market aside volatility, which has been under immense criticisms over years is the hacking of crypto exchanges by cybercriminals. Criminals also want a piece of the crypto action and therefore pounce on any little chance they get to screw over crypto investors.
As cryptocurrency and blockchain technology advances, the environment is suffering. For some, the answer to offsetting the environmental impact of cryptocurrency is–you guessed it–more cryptocurrency.
The crypto community, since its inception, is made up of significantly more men than women. Some, like feminist Jeannie Hill, believe the crypto space is plagued with a chauvinist virus that results in a hostile environment for women.
Cryptocurrency adoption means that eventually, companies will start to offer salary and wage payments in cryptocurrency. Indeed, this is likely to happen within tech companies and blockchain firms first of all, but the premise is pretty clear.
The French producer of hardware crypto wallets can become the first European company valued more than $1 billion in the cryptocurrency industry after it completes the second round of financing.
How demographics, a mass of retirees, house prices and 1990s Japan all present a massive tailwind for the cryptocurrency markets as millennials come into their peak earning years.
It is no secret that big banks have expressed the desire to attack the value and premise of bitcoin and blockchain since being first introduced in 2009. Many have referred to the two as a fraudulent threat to traditional banking systems.
Mining Companies mining cryptocurrencies are not required to obtain a license, the Ukrainian state agency responsible for licensing regimes said this week. The annual revenue generated by the Ukrainian crypto mining industry amounts to over $100 million, according to recently published data.
As the price of Bitcoin struggles to stay above $ 6000, the eyes of the cryptocurrency world remain firmly fixed on the market leader. He noted: The challenges for 2018 all involve regulation and the market maturing; with larger sums, crypto is becoming a grown-up game. This has become a concern for investors with the
South Korea’s Ministry of Finance has denied reports of 10% income tax on cryptocurrency investments. 10% Tax on Crypto Grains is Fake News Taxation has been a hot topic in the cryptocurrency world this year.
US spot Bitcoin and Ether ETFs have seen a net outflow of over $1.5 billion in March, extending a five-week losing streak that has now reached $5.09 billion. However, inflows of $13.3 million on March 12 suggest investors may be stepping back in as Bitcoin manages to stay above the $80,000 mark. Farside Investors data […]
The crypto market is imploding, with the total market capitalization in the industry crashing from over $3. 5 trillion in November to $2. 58 trillion. Bitcoin and most altcoins like Shiba Inu, Pepe, XRP, and Pi Network have all retreated by double digits from their 2024 highs.
An unknown attacker prompted Ethereum developers to roll out a “private fix” as the network grappled with technical issues during the Pectra upgrade on the Sepolia testnet. In a post-incident report, Ethereum developer Marius van der Wijden revealed that the…
Crypto coins remained under pressure during the weekend even after Donald Trump announced his plans for a Strategic Bitcoin Reserve (SBR) and held the first crypto summit in Washington. Bitcoin’s price has crashed below $83,000, while the valuation of most coins has dropped to $2.
Ethereum price has crashed this year, as its on-chain metrics waned and spot ETH exchange-traded funds (ETF) outflows rose. ETH has crashed in the last two consecutive weeks, and is hovering at its lowest level since December 2023.
The crypto market shows mixed signals today, with Ethereum dropping to the $2,100 mark while altcoins like Crypto-AI-Robo, CZ’s Dog and Prosper have surged double digits in the last 24 hours. According to the latest market data, Bitcoin (BTC) is…
Ethereum price surged 6% in the past 24 hours, reclaiming the $2,300 level despite weakening decentralized finance metrics. According to data from Defi Llama, in February, Ethereum’s (ETH) total value locked fell to $50 billion from a peak of $71…
