Another week, another round of Crypto Tidbits.It’s been another boring week for the Bitcoin market. For all of the past seven days, the leading cryptocurrency has traded within 3% of $9,100, trading both above and below that level.Volatility indicators have continued to drop as a result of the consolidation, reaching crucial levels. Analysts expect this consolidation…
Ethereum has been consolidating over the past few days within the $220 region.Although on the surface its price structure seems similar to that of Bitcoin and its peers, it is important to note that it is currently stuck beneath its long-held trading range between $230 and $250.Its sustained bout of trading below this range is…
Every few months, Tesla’s chief executive Elon Musk comments on Bitcoin, Ethereum, or another cryptocurrency.In May, he commented on Bitcoin to J.K. Rowling, the author of the Harry Potter series. Responding to the author’s assertions that she doesn’t understand the leading cryptocurrency, Musk wrote:“Pretty much, although massive currency issuance by government central banks is making…
Ethereum is holding strong above the $225 support level against the US Dollar. ETH is slowly rising and it is likely to continue higher towards $235 and $240.Ethereum is following a bullish path and it recently spiked above the $230 resistance level.The price could correct a few points, but the $228 and $225 levels are…
Ethereum is currently on the cusp of breaking back into its long-established trading range between $230 and $250.A recent influx of selling pressure experienced by the cryptocurrency forced its price to break below the lower boundary of this trading range for an extended period of time, with ETH even testing its crucial support at $220…
XRP spent the last several years as the worst performer in the cryptocurrency market. And even though the altcoin has been beaten and battered, it has recently sunk even lower compared to Bitcoin and Ethereum.Why exactly is the altcoin commonly referred to as Ripple, so severely crippled and unable to gain positive momentum?XRP Underperformance Against…
Over the past few weeks, Ethereum as a network has seen a spike in transactions and active users.Just days ago data from Santiment indicated that the number of daily active addresses passed a two year high. Simultaneously, the number of daily confirmed transactions ticked past 1,000,000, making many think back to the 2018 bubble.Fees, though,…
Mainnet crypto staking on the Matic network went live on June 29, 2020. Delegators need a minimum of one Matic token to participate, and with a current price of just under two cents, the barrier to entry is low.Matic’s co-founder and CEO, Sandeep Nailwal took to Twitter to give an update on how the rollout…
Ethereum has undergone a consolidation period for over the past month. Since the beginning of June, the second-largest cryptocurrency by market cap has mostly traded between the $217 support and the $250 resistance level. Such a narrow trading range has made it nearly impossible to determine what the future holds for Ether.Nonetheless, the TD sequential…
Ethereum is slowly recovering and trading above the $225 level against the US Dollar. ETH is likely to rise sharply if it clears the $228 and $230 resistance levels.Ethereum is showing positive signs above the $224 and $225 support levels.The price is still struggling to clear the $228 and $230 resistance levels.There is a crucial…