Tag: Key

Ethereum price retests key support level that preceded 60% gains in June 2022

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Ethereum’s Ether (ETH) token continued its losing streak versus Bitcoin (BTC) for the fifth day in a row as BTC’s price jumped above $30,000 for the first time since June 2022. ETH/BTC bullish reversal fails midway On April 11, the ETH/BTC pair dropped nearly 1.6% to 0.0634 BTC to retest multi-month lows. ETH/BTC daily price chart. Source: TradingView The ETH/BTC level is down 6.75% from its local peak of 0.0679 BTC set six days ago. It is also just 2% above the pair’s local low of 0.0622 BTC from March…

XRP price eyes 30% upside after key resistance area breaks

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XRP (XRP) has risen by an impressive 60% in the first quarter of 2023, helped by rising speculation over Ripple’s potential legal win versus the U.S. Securities and Exchange Commission and broader bullish sentiment in the cryptocurrency market. The XRP/USD pair now eyes more gains in the second quarter, primarily due to a classic bullish continuation pattern. XRP price paints bull pennant In late March, XRP broke above its multimonth ascending trendline resistance, averting a potential 35% correction. The rebound reached $0.58 on March 29, its highest level since May 2022.…

Bitcoin barely holds $28K as bulls see new rejection at key resistance

Bitcoin (BTC) saw another failure to exit a tight trading range into April 6 as $28,000 again hung in the balance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analysis sees traders “compressing” BTC price Data from Cryptox Markets Pro and TradingView showed BTC/USD trading below the the $28,000 mark at the time of writing. The pair had approached $29,000 the day prior, eating into ask liquidity in what analysis called a “choreographed” move by whales. That appeared to be true, as upward momentum soon faded and spot price remained in…

Crypto trading vs. crypto investing: Key differences explained

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The most significant advantages of trading cryptocurrencies are quick profit generation, secure value storage, low fees and universal accessibility. Meanwhile, crypto assets’ inherent risk and volatility count as disadvantages. The main benefit of cryptocurrency trading is the potential to generate quick profits by taking advantage of short-term price movements and market trends. Some cryptocurrency traders also value assets such as BTC as a secure store of value, especially since cryptocurrencies were designed to function independently of central institutions. Cryptocurrencies can also be traded peer-to-peer, incurring much lower fees than transactions…

3 key Ethereum price metrics cast doubt on the strength of ETH’s recent rally

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Ether (ETH) price had been battling the $1,850 resistance level, but it broke through on April 4 when Ether rallied to a 7-month high above $1,900. Recently there has been a lot of speculation on Ether price catalysts, let’s see if it’s possible to identify any fundamental factors behind the price movement.  The upcoming Shanghai hard fork could be one factor in Ether’s recent bullish momentum. On April 12, the ability for validators to withdraw their deposits opens, giving staking participants freedom of movement, but also t creating a sell-off…

ETH Hits 8-Month High, as BTC Nears Key Resistance Level – Market Updates Bitcoin News

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Ethereum surged to an eight-month high on Tuesday, as bulls began to gradually return to cryptocurrency markets. As the session matured, the global market cap moved higher, and is up by 1.27% at the time of writing. Bitcoin moved closer to a key resistance level at $28,500. Bitcoin Bitcoin (BTC) continued to trade close to a key resistance level on Tuesday, as volatility in the market remained high. BTC/USD rose to a peak of $28,433.74 earlier in today’s session, which follows up from a low of $27,276.72 on Monday. As…

BTC price to $22K? Watch these key levels into Bitcoin monthly close

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Bitcoin (BTC) is back below $28,000 as the countdown to the monthly close keeps everyone on their toes. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView 200-week trend line among popular BTC price targets Data from Cointelegraph Markets Pro and TradingView shows BTC/USD dropping to two-day lows of $27,533 on March 31. A modest bounce means that the pair is trading at around $27,800 at the time of writing as traders flag the most important support and resistance levels going forward. For Crypto Tony, the current part of Bitcoin’s trading range…

The key to Filecoin and Arweave accruing value?

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With the rise of Ordinals on Bitcoin (BTC) sparking debate over how users should store their NFTs and blockchain gaming projects searching for cheaper, secure ways to store data, it’s time to revisit the discussion surrounding decentralized storage coins. Decentralized storage protocols Filecoin (FIL) and Arweave (AR) show similar price action, leaving investors with a decision between the underdog showing signs of increased adoption by NFT users and blockchain gaming projects and the clear leader in market cap and adoption. The total market capitalization of the entire digital storage cryptocurrency…

Bitcoin price will hit this key level before $30K, survey says

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Bitcoin (BTC) faces a choice between two key levels as part of a “macro trend defining range,” analysis says. In a Twitter survey on March 27, monitoring resource Material Indicators said that BTC price action was now in a critical trading zone. Market giving clues that “big move is coming” Bitcoin has managed to hold out against a new wave of negative news involving largest global exchange Binance. While commentators argue that the fallout from United States regulatory action against Binance US may be limited, concerns nonetheless remain that BTC/USD…

Dev with upgrade key makes platform custodial

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In a new update to the class-action lawsuit against bZX DAO members, a United States district judge ruled that the ability for developers to upgrade a smart contract where the key is in the hands of a single developer makes the arrangement custodial.  On March 27, United States District Judge Larry Alan Burns passed a ruling with regard to the class-action lawsuit against bZx DAO and a few others. While the ruling seemed normal on the surface, Web3 lawyers were able to spot a significant development for decentralized autonomous organizations…