Day: October 14, 2022

This Could Fuel An Ethereum Rally Back To $1,700, Shorts Beware

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Ethereum has almost made back the gains from previous weeks with yesterday’s upside move and could be gearing up for another push above resistance. The second cryptocurrency by market cap is following the general sentiment in the market and seeing some relief after the influence of macro forces lessened, for the time being. At the time of writing, Ethereum (ETH) trades at $1,330 with a 9% profit in the last 24 hours and a 2% loss over the past week. In the crypto top 10, ETH is one of the…

Ethereum Name Service (ENS) Moves Silently With 20% Rise, Will Price Retest $27?

ENS price outshines the market as price shows strength rallying to a high of $20. ENS tops the crypto price as it cracks over 20% gain in less than 24 hours despite the crypto bloodbath.  The price of ENS shows bullish signs as the price holds above the 50 and 200 Exponential Moving Averages (EMA) with good volume.  Despite the uncertainty that currently surrounds the cryptocurrency market, the price of Ethereum Name Service (ENS) has been one of the dark horses, rallying from $13 to $20. The crypto market suffered…

Ethereum After The Merge

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Now that the #Ethereum merge (transition from proof of work to proof of stake) has come and gone, it is worthwhile to perform some type of price analysis. In this video, we continue to discuss the macro headwinds that #ETH faces in the short-term and discuss the outlook on #ETH / #USD and #ETH / #BTC pairs. Let me know what you think of this analysis in the comments! Sign up for the ITC newsletter: Every month, 1 person will be randomly…

Bitcoin trader predicts $18K return within days as stocks wilt post-CPI

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Bitcoin (BTC) cooled near $19,200 after the Oct. 14 Wall Street open as stocks struggled to preserve their “bear trap.” BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: “Abandon all hope” for asset price rebound Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it came off one-week highs on the day to circle $19,300. The pair had seen intense volatility on the back of United States economic data the day prior, this sparking hundreds of millions of dollars in liquidations from both long and short positions. Now, after…

51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

One month after the Merge, 51% of Ethereum blocks were compliant with OFAC standards, according to blockchain development Labrys’ data, as MEV-Boost relays take over market share.  On Twitter, users highlighted how the figures represent a milestone towards censorship, as more blocks are under surveillance: We reached another sad milestone in censorship: 51%This means if the censoring validators would now stop attesting to non-censoring blocks they would eventually form the canonical, 100% censoring chain. pic.twitter.com/JrYUjowLpt — Martin Köppelmann (@koeppelmann) October 14, 2022 OFAC stands for the Office of Foreign Assets Control,…

A Huge Glut of Bitcoin Mining Rigs Are Sitting Unused in Boxes

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Last year, miners struggled to buy enough rigs. Manufacturers couldn’t fulfill orders fast enough. Now, Matt Schultz, executive chairman of bitcoin miner CleanSpark (CLSK), figures 250,000 to 500,000 mining rigs are still sealed up in boxes in the U.S. alone, based on his conversations with analysts. Ethan Vera, chief operating officer of mining services firm Luxor Technologies, put the number at 276,000 worldwide in September. Original

Bitcoin Shakes Off Bears Following CPI Release, But Will This last?

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Bitcoin saw a shaky market day following the release of the CPI data. While the projections for the inflation rates were high, they would come out lower than the actual number and the crypto market had responded negatively to the news. Bitcoin had fallen below $19,000 as the market had bled, but there had been a turnaround towards the end of the trading day. The question now remains if the digital asset would be able to hold these gains. Can Bitcoin Keep Up? Over the last 24 hours, the price…

✅Criptomonedas NOTICIAS (hoy): COINBASE en PROBLEMAS???👉Ethereum(ETH) merge en DICIEMBRE?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io MUCHO RUIDO en las últimas horas sobre Coinbase y una posible insolvencia. Solo FUD o tiene base confiable lo que se reporta? Ripple(XRP) entrevista inédita de Brad Garlinghouse donde revela datos interesantes del juicio en curso con la SEC. #criptomonedas #bitcoinenespañol #xrpenespañol 🎁 LEDGER (billetera fría) 🎁 TREZOR (billetera fría): 🎁WEBULL: 🎁 NEXO (BONO $25 dólares) ➡️ Telegram WhatsUpCripto Oficial! 👇👇👇 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ⏱Segmentos del video⏱ 0:00 Intro y temas 0:00 0:00 0:00 0:00 ✅ Si te gusta la información que este canal…

Why Did Crypto Surge After Bad Inflation News?

Starting at around 9:30 a.m. ET, stocks and crypto bounced sharply. Bitcoin rocketed up 7.8% from a low of $18,372 to end Thursday at just over $19,800. At almost the exact same time, the Dow Jones Industrial Average (DJIA) found a bottom at $28,709, then proceeded to rip up 4.6% to $30,038 by the close. Bond prices also dipped before recovering though, unlike stocks and crypto, bonds didn’t recover all of their early losses. Source