Bitcoin Blockchain and Cryptocurrency News Center
Arthur Hayes, the youngest crypto billionaire of American Africa and the former CEO and co-founder of the derivatives platform BitMEX, predicted Ethereum could hit $10,000 by the end of 2022. Notably, Hayes once speculated a downtrend in Ethereum’s price in an April blog post that came true. He further urged that the Fed’s strict policies and […]
Ethereum hashrate has been on the rise in recent times. The cryptocurrency has been one of the most profitable ventures for crypto miners and as more people flocked to enjoy some of the spoils, the hashrate has skyrocketed. It has now hit multiple all-time highs in just the space of May alone. However, the question […]
Today the cryptocurrency market experienced a sudden crash, with Bitcoin and Ethereum prices falling. Other major coins also saw a significant fall, the NewsBTC reported. Around $100 billion was wiped from the combined value of all cryptocurrencies in just minutes. In the last 24 hours, Bitcoin experienced a 5% decrease. At the same time, the […]
Over time, the crypto market has maintained a close relationship with the stock market. Ethereum, the second-largest cryptocurrency, rose in lockstep with U.S. stocks for the first time in February. As a result, the token’s 40-day correlation coefficient with the S&P 500 reached 0.65. Despite the brake anxious investors have put on price activity in […]
Ethereum started a fresh decline from the $3,080 resistance against the US Dollar. ETH price traded below the key $3,000 support and even declined below $2,920, the NewsBTC reported. Ethereum failed to clear $3,080 and started a fresh decline. The price is now trading below $3,000 and the 100 hourly simple moving average. There was […]
Ethereum is moving higher above $3,000 against the US Dollar. ETH price could gain pace if there is a clear move above the $3,080 resistance, the NewsBTC writes. Ethereum remained well supported near the $2,900 support zone. The price is now trading above $2,920 and the 100 hourly simple moving average. There is a key […]
Data also shows that the average gas price on Ethereum has been dropping rapidly since the start of the year, plunging from 218 Gwei on Jan.10 to 40.82 on Wednesday. Gas fees for transactions on the Ethereum blockchain have dropped to the lowest levels since August. But, they’re still not cheap. According to data sourced […]
Ethereum has experienced a market pullback following bitcoin recently. Although the market remains in a downtrend, the digital asset has been holding up quite nicely. Ethereum has been trending above $2,800, almost 50% down from its all-time high. But a model suggests that three is a 4x movement in the near future of the digital […]
Ethereum struggling to clear the $3,400 resistance against the US Dollar. ETH price is holding the $3,250 support, but there is a risk of more downsides, the NewsBTC predicts. Ethereum started a downside correction from the $3,400 resistance zone. The price is trading below $3,300 and the 100 hourly simple moving average. There was a […]
Bitcoin’s utility as an inflation hedge has been a big push for the adoption of the cryptocurrency by investors. Ethereum on the other hand is fast-rising to become the preferred crypto for hedging against inflation for investors. The digital asset’s performance over the past couple of years has proven that it is a strong contender […]