Ethereum price has hit a new yearly high following a massive weekend rally that sent most cryptocurrency markets into the green. The rally pushed the price of Ethereum above the $2,200 level for the first time in 2023 and sparked speculation about what was causing the price surge. Ethereum Follows the King: Bitcoin One of the main reasons why the price of Ethereum has hit a new yearly high is the fact that the price of Bitcoin is also on the rise. Bitcoin, which is benefiting massively from the hype surrounding the approval of a potential spot Bitcoin ETF, jumped…
Author: Crypto Flexs
Read More
The price of Ethereum surpassed the $2,100 level and exceeded $2,200. ETH is gaining pace and may surge above the $2,220 level. Ethereum is showing many positive signs and recently cleared the $2,200 resistance level. The price is trading above $2,150 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) has a bullish trend line forming with support near $2,190. A break above the $2,220 resistance could extend the rally. Ethereum price rises 5% Ethereum price maintained a good price after stabilizing above the $2,000 level. ETH gained bullish momentum and cleared the $2,120…
The next bull market could begin as early as next year, driven by catalysts such as the upcoming Bitcoin (BTC) halving and the possible approval of a spot Bitcoin ETF in the United States. our latest Cointelegraph ReportHere’s how to prepare for your next parabolic move in five simple steps. First, it is important to understand Bitcoin market cycle theory, which states that cryptocurrency bull markets occur approximately every four years following a Bitcoin halving event when the supply of new BTC is halved. According to professional trader Eric Crown, we are still in the midst of a pre-halving rally…
Altcoin season has officially begun. Cryptocurrency stocks like MicroStrategy and Coinbase are also booming, and one bank is predicting a massive Bitcoin price increase much sooner than originally thought. This week we bring you these stories and more in cryptocurrency. Altcoins surpass Bitcoin Bitcoin hit $39,000 this week, its highest since April 2022, but altcoin season has begun, with explosive gains for many altcoins outpacing BTC. AVAX, the native token of the Avalanche blockchain, surged 97% as JPMorgan tested asset tokenization on the network. Besides AVAX, Helium, Blur, and Rune were among the top altcoins that doubled in value in…
A cryptocurrency analyst from the popular CryptoTV channel predicted a major breakout for several top cryptocurrencies in a daily YouTube video posted on December 4. Analysts have pointed to recent price movements in assets such as Bitcoin (BTC), Ethereum (ETH), and XRP as early confirmation that the expected rally is underway. As you can see across the board with this cryptocurrency, we are breaking through. Notably, the analyst believes Bitcoin could continue to rise above what he identifies as a key “bullish fractal” resistance level after the two-day close. However, he warned that Bitcoin is approaching overbought territory on the…
Over the past seven days, Bitcoin (BTC) has surged a whopping 14.5%, hitting a 20-month high of $41,130 by December 4. Traders and analysts were left speculating, especially due to the liquidation of $100 million worth of shorts. (Bearish) Bitcoin futures are made within just 24 hours. However, a closer look at BTC derivatives data tells a different story that highlights spot market activity.BTC liquidation mapEnough shorts to go for $45,000-$46,000. pic.twitter.com/7O2zYD4j8Q— Nick Algo (@nik_algo) December 4, 2023 Impact of recent Bitcoin futures market liquidationAlthough the Chicago Mercantile Exchange (CME) trades USD-settled contracts for Bitcoin futures, no actual Bitcoin is…
that much Ethereum ecosystem We are back on a mission to ensure Ether becomes deflationary after its burn rate increased significantly. Several factors are believed to have contributed to this milestone, including: Voluntary resignation of a validator. Over 106,000 ETH has been burned in the last 30 days. According to data Over 106,000 ETH has been burned in the last 30 days on Ultra Sound Money. During the same period, there were just over 70,000 ETH issued. This resulted in a significant decline. Ethereum supplyIt fell by over 35,000 ETH. This is a welcome development, as the difference between burn…
Posted 1 minute ago In ~ The NFT market has seen a surge in activity over the past month, with most of the increase in trading volume coming from NFTs. blur blur +1.27% market.Ethereum-based NFT transactions hit $605 million in November, according to The Block’s data dashboard. This represents an increase of almost 100% compared to October’s monthly volume of $306 million. Just four days into December, NFT trading volume for the month has already reached nearly $90 million, with nearly $70 million coming from transactions on the Blur NFT Marketplace.Switch from OpenSeaSince February of this year, there has been…
Bitcoin price rose more than 5% and broke the $40,000 resistance level. BTC is rising and could soon head higher towards the $42,000 resistance. Bitcoin broke the $38,500 resistance zone and surged above $40,000. The price is trading above $40,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a connecting bullish trendline forming with support near $40,100. The pair may continue to rise towards the $42,000 resistance. Bitcoin price liquidated at $40,000 Bitcoin price remained strong and was able to break the $38,500 resistance zone. BTC bulls gained strength and…
Your biggest monthly bill is likely to be your mortgage payment. BitPay Bill Pay simplifies the mortgage payment process using cryptocurrencies or any other type of bill. Additionally, you can use virtually any cryptocurrency wallet and choose from any of the cryptocurrencies supported by BitPay.Buying a home is one of the largest financial transactions most people make. And unless you have hundreds of thousands of dollars, you’ll likely need a mortgage before even picking out curtains and furniture. If you’ve ever wanted a way to pay off your mortgage with cryptocurrency, read our detailed primer on how easy it is…