Day: March 21, 2022

ETH Stays Above $2,900 as Traders Eye $3,000 Ceiling  – Market Updates Bitcoin News

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Ethereum remained above $2,900 to start the week, as the world’s second largest cryptocurrency consolidated its recent gains. Bitcoin was also consolidating, as it continued to trade above $41,000 during Monday’s session. Bitcoin Despite a selloff to end last week, prices of BTC continued to hover above $41,000 on Monday, as market bulls appear to still be holding onto their positions. Following a low of $40,668.04 earlier in today’s session, BTC/USD rose to an intraday high of $41,607.47 on Monday. Although BTC is now trading around the $41,379 area, it…

Terra price signal that preceded an 80% LUNA rally is back

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A technical setup that preceded a circa 80% price rally in the Terra (LUNA) market in August 2021 has appeared again. LUNA paints bullish MACD crossover The technical setup involves a so-called “signal line crossover” between LUNA’s weekly MACD line — equal to the difference between the token’s 12-week and 26-week moving averages (MA) — and the 9-week MA called the Signal Line, plotted above the zero line, as shown in the chart below. LUNA/USD weekly MACD illustration. Source: TradingView Together, these lines represent Moving Average Convergence Divergence (MACD), a…

Luna token price is soaring, but is the network’s growth sustainable?

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Terra, an open-source blockchain platform for algorithmic stablecoins, has been on fire over the last half-year or so. The value of its native crypto asset Terra (LUNA) has risen from $24 to over $100 during the last six months, placing it in the top 10 cryptocurrencies by market capitalization.  And, even though LUNA has showcased minor corrections here and there, the currency and the Terra project, in general, have continued to grow from strength to strength. To this point, on March 4, LUNA flipped Ether (ETH) in terms of total…

Is Crypto Mining Worth It 2021?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Is mining cryptocurrency still worth it in 2021? In this video, I share the real-world cryptomining profits from the crypto mining rig that I built just over 6 weeks ago. Is GPU mining dead or is it still profitable in 2021? My real results will show how much money you can make crypto mining and I also discuss whether you should start mining cryptocurrency. I have been using QuickMiner from NiceHash for mining, it mines the most profitable cryptocurrency and then they…

Bitcoin ‘could easily see $30K’ with stocks due to 30% drawdown in 2022 — Analyst

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Bitcoin (BTC) opened the Wall Street trading session with a spike to over $41,500 on March 21 as last week’s late gains endured. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView McGlone: Fed is saying “Don’t buy the dip” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD advancing $500 into the Wall Street open to see a strong start after its best weekly close in four weeks, but progress was short-lived. Amid a buoyant stock market, the largest cryptocurrency showed mixed signs on the lowest timeframes as traders waited to see…

Bitcoin ‘could easily see $30K’ with stocks due 30% drawdown in 2022 — analyst

Bitcoin (BTC) the Wall Street trading session with a spike over $41,500 on March 21 as last week’s late gains endured. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView McGlone: Fed is saying ‘Don’t buy the dip’ Data from Cointelegraph Markets Pro and TradingView showed BTC/USD advancing $500 into the Wall Street open to see a strong start after its best weekly close in four weeks, but progress was short-lived. Amid a buoyant stock market, the largest cryptocurrency showed mixed signs on the lowest timeframes as traders waited to see how long…

Everyday Home Mining and the Unlikely Rise of the Industry

Voell agrees that industrial mining is growing, but suspects that if the space encounters a true bear market, the plucky home miners will be more likely to ride it out. “It’s much more difficult to squeeze a retail miner out of the market,” says Voell. The big shops are only mining bitcoin to make money, says Voell, whereas the home miners — who also care about profit, sure — enjoy getting KYC-free bitcoin, they’re in it partly for the ideology, and sometimes they’re heating 17,000 gallon swimming pools. “Even if…

Will Belarus Lure Crypto Miners Amid Sanctions, Russia-Ukraine War?

While the Belarussian power grid, inherited from the USSR., has depreciated, its condition is not as critical as those in Kazakhstsan or Kosovo, BiXBiT’s Klentsov said. Theoretically, if there is a huge jump in new mining sites, blackouts could occur, he acknowledged. But the government is working with energy producers and distributors to estimate the grid load before granting mining licenses to avoid an electricity crunch, he said. Given that it is unlikely a huge number of miners will migrate overnight, the grid can withstand the power demand from miners,…