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CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, RIPPLE News, CHAINLINK News
Crypto Market Capitalization Rises $ 30 Billion As Bitcoin Watches $ 19K
Bitcoin rallies above $ 18,500, while altcoins continue to recover from recent losses.
After hitting a low of around $ 16,250, Bitcoin managed to regain some of its losses and traded around $ 17,000 within a few days. This changed over the weekend as the main cryptocurrency began to gradually gain in value. BTC has now surpassed $ 18,600.
Alternative coins suffered the most during the Thanksgiving price drop. However, just like with Bitcoin, they have been in positive territory for several days in a row.
Naturally, price changes affected the total market capitalization. The combined market capitalization of all cryptocurrency assets has grown to $ 555 billion. That means an increase of $ 70 billion since November 26th.
Total cryptocurrency market capitalization
Ethereum Gains Bullish Momentum Why ETH May Retest $ 620
Ethereum gained bullish momentum and broke the $ 550 resistance against the US dollar.
ETH price began to follow a steady bullish path and broke many obstacles near the 540 and 550 levels.
Bitcoin price also climbed above $ 18,200, helping Ether break through the $ 550 resistance. There was also a break above the key bearish trend line with resistance around $ 540 on the hourly ETH dollar chart. There was also a break above the 50% Fibonacci retracement level of the key decline from the swing high of $ 623 to the low of $ 478.
The pair has consolidated well above the $ 565 level and the 100-hour simple moving average. Ether tested the $ 590 resistance level. The bears appear to be protecting the 76.4% Fibonacci retracement level of the key decline from the swing high of $ 623 to the low of $ 478.
Ethereum price increased by 8%
The difficulty of mining Bitcoin network approaches ATH as institutional investors are oblivious to BTC price volatility
The difficulty of mining bitcoin on the network has grown by 8.9 percent.
The difficulty of mining bitcoin on the network increased by 8.9 percent. Bitcoin mining difficulty is now just 4.4 percent below the all-time high, according to on-chain cryptanalyst company Glassnode.
The increase in mining difficulty can also mean that users have to pay more.
Since bitcoin has managed to climb more than 4 percent in the past 24 hours, some analysts speculate that this was due to institutional investors rejecting the volatility of the world’s largest cryptocurrency.
The difficulty of mining bitcoin network
Chainlink Announces Support for Ethereum In-Demand Infrastructure Development
Chainlink has announced its support for the development of Ethereum’s in-demand infrastructure projects.
Chainlink described its support for Ethereum’s leading infrastructure projects as a step towards a collective vision of Ethereum as a public good, open to all, and capable of supporting increasingly advanced smart contract applications. The project has also revealed that it will donate additional funds for the 8th round of Gitcoin Grants to match individual donation donations to popular projects.
The development of an open source Ethereum infrastructure is critical to the growth and sustainability of the Ethereum ecosystem.
Chainlink Announces Ethereum Support
Wall Street Guggenheim Foundation Seeks SEC Approval To Buy Up To $ 500 Million Bitcoin
Guggenheim Partners has filed with the SEC for permission to invest up to $ 500 million in Bitcoin through Grayscale.
▶ Coinbase Website: Coinbase.com
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