Tag: ETH

ETH, BTC Marginally Higher Ahead of FOMC Meeting Results – Bitcoin News

boss

Ethereum was marginally higher on Feb. 1, as markets prepare for the upcoming Federal Open Market Committee (FOMC) meeting results. Many are expecting that the U.S. Federal Reserve will increase rates by 25 basis points, taking current rates to 4.75%. Bitcoin was in the green on Wednesday, as prices rose above $23,000. Bitcoin Bitcoin (BTC) was back above $23,000 in today’s session, as traders turned their attention to this afternoon’s FOMC meeting. After recording a low of $22,874.43 on Tuesday, BTC/USD moved to an intraday high of $23,225.02 earlier today.…

Ethereum Developers to Launch New Testnet ‘Zhejiang’ for Simulating ETH Withdrawals

This new testnet, which will go live at 10 a.m. ET (15:00 UTC), will provide the ability to test staked ETH withdrawals (EIP-4895). Users won’t immediately have the ability to participate in the simulated withdrawals until the testnet goes through an upgrade on Feb. 7. For now, users will be able to deposit ETH to validators on the testnet, and then withdraw them the following week. Source

ETH to peak at $2,474 in 2023 According to Finder’s Ethereum Price Predictions Report  – Blockchain News, Opinion, TV and Jobs

Ether is bound for another volatile year in 2023, according to Finder.com’s latest Ethereum Price Predictions Report. Finder’s panel of 56 fintech and cryptocurrency specialists think ETH will go as high as US$2,474 and as low as $984 in 2023 before ending the year at $2,184. Ethereum is currently priced at $1,588. Digital Capital Management managing director Ben Ritchie thinks Ether will be worth $2,500 by the end of 2023 but says it could go as low as $900 throughout the year. “Ethereum continues to dominate the market as the…

BTC, ETH Lower, Ahead of Key Week of US Economic Data – Market Updates Bitcoin News

boss

Bitcoin fell below $23,000 on Jan. 31, following a recent move to a five-month high over the weekend. Market volatility has since increased, as traders prepare for a big few days of economic data from the United States. The conference board will release its consumer confidence report later today, with the Federal Reserve holding its policy meeting on Wednesday. Ethereum also moved lower today. Bitcoin Bitcoin (BTC) retreated from a recent five-month high on Tuesday, with prices falling below the $23,000 mark in today’s session. BTC/USD fell to a low…

Price analysis 1/30: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT

boss

Bitcoin and altcoins started the week in the red, but if this week’s FOMC meeting aligns with investors’ general expectations, the wider crypto market could quickly rebound. Traders tend to lighten up positions before important events because they hate uncertainty. The United States Federal Reserve’s policy decision is on Feb. 1, where the central bank is expected to hike rates by 25 basis points. Market observers will keenly watch for any hints about how high the rates could go. That could be one of the reasons for the profit-booking in…

North Korean hackers launder $27M ETH from Harmony Bridge attack

boss

North Korean exploiters behind the Harmony Bridge attack continue to launder the funds stolen in June 2022. According to on-chain data revealed on Jan. 28 by blockchain sleuth ZachXBT, the perpetrators moved another $27.18 million in Ethereum (ETH) over the weekend. The tokens were transferred to six different crypto exchanges, noted ZachXBT in a Twitter thread, without disclosing which platforms had received the tokens. Three main addresses carried out the transactions. According to ZachXBT, exchanges were notified about the funds transfer and part of the stolen assets were frozen. The…

BTC, ETH Consolidate Ahead of US Consumer Sentiment Data – Market Updates Bitcoin News

boss

Bitcoin consolidated on Friday, as traders prepared for the release of the upcoming consumer sentiment figures from the United States. Following a move to a five-month high on Thursday, prices were once again below $23,000. Ethereum also slipped, moving below $1,600 in the process. Bitcoin Bitcoin (BTC) fell back below $23,000 on Friday, as markets consolidated ahead of U.S. consumer sentiment data. BTC/USD slipped to a bottom of $22,654.59 earlier in today’s session, less than 24 hours after hitting a high of $23,215.00. The drop came ahead of this afternoon’s…

ETH Falls Below $1,600 as Relative Strength Sinks – Market Updates Bitcoin News

boss

Ethereum moved below $1,600 on Jan. 25, with bears selling previously overbought cryptocurrencies. After days of uncertainty, sentiment shifted in crypto markets, with a red wave washing away recent bulls. Bitcoin also dropped below $23,000 as a result of today’s sell-off. Bitcoin Bitcoin (BTC) fell below the $23,000 level on Wednesday, as a red wave swept through cryptocurrency markets. Following a high of $23,048.18 on Tuesday, BTC/USD hit an intraday low of $22,406.08 earlier in today’s session. As a result of today’s drop in price, bitcoin fell to its weakest…

Ethereum futures and options data reflect investors’ growing confidence in ETH price

The price of Ether (ETH) rallied 16% between Jan. 14 and Jan. 21, peaking at $1,680 before facing a 5.4% rejection. Curiously, the same resistance level resulted in a substantial correction in late August 2022 and again in early November 2022.  Ether/USD price index, 2-day. Source: TradingView From one side, traders are relieved that Ether is trading up 35.5% year-to-date, but the repeated corrections that follow retests of the $1,680 resistance may have weakened investors’ sentiment. Negative newsflow might have limited Ether investors’ appetite after troubled cryptocurrency company Digital Currency…

ETH price risks 20% drop if key support level breaks

boss

Ether’s (ETH) rally versus Bitcoin (BTC) is not only showing signs of exhaustion, but is also in danger of breaking below a key technical support level.  ETH slides vs. BTC in second half of January The ETH/BTC pair declined nearly 9.25% on Jan. 24 from its local top of 0.0779 BTC established on Jan. 11. Since the start of the year, Bitcoin is slightly outpacing Ether in USD terms, rising 38% versus 35%, respectively. ETH/BTC daily candle price chart. Source: TradingView Interestingly, Ether’s pullback versus Bitcoin has landed its price…