8 months ago
Date: 23 Aug 2022 - 10:26
The post Heres How Bitcoin and Ethereum Might Perform in the Month Of September appeared first on Coinpedia Fintech amp Cryptocurreny News Media Crypto GuideDuring the early trading hours Ethereum briefly dipped below a crucial support level extending ongoing falls that have been underway over the past few days. Most of the top 100 cryptocurrencies fell during Mondays selloff and as of this writing the market cap of all assets was down by 1.61. Bitcoin too has dipped and is now trading just under 21000.nbspInvestors in the crypto bear market are now looking to price charts to find comfort in patterns after a long and cold winter. The two most valuable cryptocurrencies Ether ETH and Bitcoin BTC have been range bound for more than a month around their lower support levels.Will The ETH Merge Improve Crypto ConditionsIn a recent interview with CNBCs Squawk Box Meltem Demirors the CSO of CoinShares explains that there is a general summertime slump in the cryptocurrency space since many people arent actively trading while on vacation.In her analysis of Bitcoin Demirors states that she does not anticipate much growth between now and the end of September.She warns that enthusiastic investors may be seeing the upgrade in a vacuum that ignores the broader market dynamics as people are increasingly turning their attention to Ethereum and the hoopla surrounding its expected midSeptember shift from proofofwork to proofofstake.She also mentions that while the Merge will unquestionably make Ethereum a better operational project she doesnt necessarily anticipate huge inflows of investment capital to drive ETHs price stratospheric.nbspWhats Next For Bitcoin and EthereumAfter a recent 17 drop to 21283 Bitcoin is currently consolidating closely. If the 20750 support level is broken there may be a 15 selloff to the range bottom of 17578. A sweep of 20750 and a swift recovery though might result in a 12 uptick to 23175.Following Bitcoins lead Ethereum fell by about 19 between August 18 and August 20. The recovery appears to be briefer though since ETH is already retreating. Investors should anticipate a slight increase to 1675 to fill the inefficiency and cause its reversal at this point.This move might however go all the way up to 1730 and build a local top there before turning around and continuing its downward trend. Whatever the location of the local top the price of Ethereum is set to retest the imbalance to the downside at 1474.According to the aforementioned scenario the major altcoins could experience a bull run in Q3. A rapid sweep followed by a recovery however seems a likely result if the capital is split between BTC and ETH.Read in the source
Crypto Overview Show morenavigate_next
|USDT Market||Price||Change (24H)||Market Cap||Last 7 Days|
||39997.79 $||0 %||760.32 Billion $|
||3001.33 $||0 %||360.05 Billion $|
||1.001 $||0 %||82.65 Billion $|
||398.86 $||0 %||59.29 Billion $|
||1.004 $||0 %||50.96 Billion $|
||101.49 $||0 %||33.28 Billion $|
||0.122 $||0 %||31.52 Billion $|
||0.7024 $||0 %||30.96 Billion $|
||82.96 $||0 %||29.44 Billion $|
||0.9455 $||0 %||29.42 Billion $|
Crypto News Show morenavigate_next
Foonie Magus announces Apeiron the worlds first Play and Earn PampE godgame on the blockchain has raised three million dollars in its preseed valuation a historic first for NFT games.This upandcoming crypto game has been making waves in the GameFi community with its stunning gameplay teasers revolutionary tritoken economy and rich mythological settings. Apeiron takes the classic gameplay of godgam
Samsung Securities Mirae Asset Securities and Shinhan Financial Investment are among the financial heavyweights in talks with the government to create the exchange.
The recent news that the incoming South Korean president is planning to boost the countrys crypto industry is welcome news particularly in light of the economic power of South Korea not just regionally but also globally.President Yoon SukYeol plans to raise the current crypto tax threshold from around 2000 to approximately 40000. The current president Moon Jaein lost the opportunity to take the co
Following the ongoing debate around crypto regulation Ethereum founder Vitalik Buterin joined the discussion in a series of Twitter posts over the weekend. FTX CEO Sam BankmanFried has been the subject of much criticism over his views on DeFi regulation. Buterin decided to share his thoughts after stating that it 8220feels unfair to let other people get attacked by CT but never actually poke my ow
In a series of tweets today NBA player DeAaron Fox announced that he would be disbanding his Swipa The Fox NFT projecttaking with him 1.5 million in user ETH.
The post Chiliz CHZ Price Prediction 2022 Will CHZ Claim The 1 Price Tag appeared first on Coinpedia Fintech amp Cryptocurreny News Media Crypto GuideThe dawn of the alt season in the bygone year had pumped the majority of Ethereum based tokens. Chiliz was one of the innovative projects which was occupied with impeccable price action throughout the year. Successively marketers are still keen on d
Quarterly returns on Bitcoin havent been this bad since it was trading under 20 in the early days of Mt. Gox but the stock market isnt faring so hot either.
A Glassnode report reveals that some major cryptocurrency exchanges are still holding despite being heavy consumers of Bitcoin block space.
Peirce has called for regulatory clarity around certain issues relating to crypto as part of the SEC Spring 2022 Regulatory Agenda which was released on Wednesday.
The leader of the Nigerian blockchain association Senator Ihenyen has implored the countrys lawmakers currently pushing for the securities law to be revamped to consider crafting laws that regulate the crypto industry. Proposed Law Does Not Expressly Mention CryptocurrenciesAs Nigerian lawmakers debate a bill that proposes a tenyear jail term for operators of Ponzi schemes a leader of a Nigerian
The rules were intended to support public confidence ... by guarding against even the appearance of any conflict of interest.
Bitcoin short squeeze boosts the price while risk assets trade as if maximum fear and uncertainty are priced in after the declarations of war.The below is from a recent edition of the Deep Dive Bitcoin Magazines premium markets newsletter. To be among the first to receive these insights and other onchain bitcoin market analysis straight to your inbox subscribe now.Bitcoin continued to behave like
The post Big Eyes Coin and Shiba Inu Are Powering Meme Coins As Litecoin Offers Bitcoin Alternative appeared first on Coinpedia Fintech amp Cryptocurreny News Media Crypto GuideCryptocurrencies have been leading a wave of change throughout the financial services industry with a slew of features that have an edge over traditional investment options. Theres limited intervention from thirdparty inst
Onchain data shows the Bitcoin exchange whale ratio has remained at a high value recently a sign that could be bearish for the cryptos price.Bitcoin Exchange Whale Ratio On Verge Of Entering 8220Very High Risk8221 ZoneAs explained by an analyst in a CryptoQuant post the 72hour MA whale ratio is near 0.90 the very high risk zone.The 8220exchange whale ratio8221 is an indicator thats defined as the
Townsquare Media NYSE TSQ a New Yorkbased radio network and media company revealed that it purchased 5 million in Bitcoin during Q1 2022 in a recent SEC filing. It claims to believe in the longterm potential of Bitcoin despite being down on its current investment.The filing explains that the company had purchased 5 million in Bitcoin before March 31st of 2022. Its coins are secured through thir