Bitcoin is up 10.3% on the day following an overnight rally taking it back over $20,000 and testing the $21,000 resistance. Interestingly, the ETH-BTC chart shows that Ethereum gave up its recent gains against Bitcoin — falling 4% on the day. Ethereum rose 4.5% against the Dollar overnight but fell by a similar amount against…
Ethereum Classic (ETC) fell by 13.33% since Sept. 6 after Cardano‘s (ADA) founder Charles Hoskinson suggested Ethereum miners shift to Ergo while Ethereum’s founder Vitalik Buterin said that ETC’s welcoming community made it a good coin to mine. ETC had been trading as high as $41.52, but it fell by 19.73% within half a day…
Following a bullish start to Tuesday trading, where Ethereum gained 6% on Bitcoin as it marched back towards $2,000, the market turned to see Bitcoin lose $19k and Ethereum drop below $1,500. BTCUSD TradingView on CryptoSlate The sharp decline in Tuesday evening trading saw over $100 million in Bitcoin liquidations in the space of four…
Ethereum has gained 15.6% against Bitcoin since the start of September and is up 6% on the day. The ETH-BTC chart has hit 0.84 BTC for the first time since December 2021 after falling to 0.49 BTC in June of this year. Source: TradingView The Bellatrix hard fork went live today, preparing the network for…
The biggest news in the cryptosphere for Aug. 26 includes Federal Reserve Chairman Jerome Powell’s indication that recovery from the burgeoning inflation levels is still far from being done, and another stablecoin losing its peg from the U.S. Dollar as the bear market continues. CryptoSlate Top Stories Federal Reserve Chair urges everyone to ‘factor inflation…
Bitcoin fell almost 5% to $ 20,822 after Federal Reserve Chairman Jerome Powell spoke at Jackson Hole on Aug. 26, saying that restoring inflation back to ideal levels will take time. Powell briefly spoke at the event and talked about the importance of price stability. He noted that price stability is the “bedrock of the…
Ethereum is outperforming Bitcoin ahead of The Merge in September, with the second largest cryptocurrency by market cap rising 61% against Bitcoin since June. The below chart shows the price of Ethereum against Bitcoin since 2018. ETH has finally passed the 0.077 BTC level not seen since January 2022; now just 12% off a 4-year…
The price of Bitcoin moved higher following the release of Consumer Price Index (CPI) data by the U.S. Bureau of Labor Statistics (BLS), showing no change in July. In anticipation of the data, Bitcoin rose from a local bottom of $22,600 on August 10 as investors awaited the inflation report. On the release of the…
The price of Ethereum has broken $1,800 for the first time since the market crash in June amid the Terra fallout. The bullish price movement comes less than a month from The Merge, which is scheduled for September. Ethereum rose strongly against Bitcoin on August 8 as it approached a key resistance that was last…
Catching the coveted Bitcoin bottom requires analyzing more than just its price. One of the most reliable indicators of market bottoms has historically been miner data. Often considered to be one of the most resilient players in the crypto ecosystem, miners capitulate only when Bitcoin becomes too expensive to mine. Hash ribbons are a unique…