Cryptocurrency Analysis and News Portal
The price of Ethereum's native token, Ether (ETH), is trading around a 15-month low versus Bitcoin (BTC), and the lowest since Ethereum switched to proof-of-stake (PoS).Will it continue to weaken for the remainder of 2023? Let's take a closer look at the charts. Ethereum price breaks below critical support vs. BitcoinThe ETH/BTC
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Among large-cap cryptos, the Ripple Labs-related (XRP), litecoin (LTC) and Polkadot’s native token (DOT) fell 2%-3%. Ether (ETH) outperformed BTC and the CMI, declining 0.7% to near $1,550. Crypto derivatives traders who bet on higher prices with long positions suffered $50 million in liquidations during the day, CoinGlass data shows.
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Bitcoin (BTC) hit new October lows after the Oct. 11 Wall Street open, as one analyst hailed the “final stage” of the cryptocurrency bear market.BTC/USD 12-hour chart. Source: TradingViewBitcoin traders stress importance of $26,800Data from Cointelegraph Markets Pro and TradingView showed further BTC price weakness emerging, costing bulls $27,000 support.At
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Bitcoin (BTC) ground higher on Oct. 10 after the start of legacy market trading saw “de-risking” take over.BTC/USD 1-hour chart. Source: TradingViewBitcoin price preserves weekly supportData from Cointelegraph Markets Pro and TradingView showed BTC price stability returning ahead of the Wall Street open.Bitcoin bulls had lost their footing as the
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According to research firm PitchBook data, venture capitalists invested $2 billion in crypto during Q3, 2023. Venture capitalists seem to slow down their investments in the crypto market as global crypto funding during the third quarter of 2023 hit the lowest level over the past few years. In Q3, investors around
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While early-stage crypto companies may still find willing investors, late-stage tech investors have largely exited the space. The crypto industry, which once thrived on investor exuberance and rapid growth, has recently hit a rough patch as venture funding for crypto startups in the third quarter of this year plunged to its
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Elon Musk has called for a “comprehensive overhaul” of the United States Securities and Exchange Commission hours after the regulator sued Musk alleging he failed to testify in its probe relating to his $44 billion Twitter (now X) purchase last October.The SEC is investigating if Musk’s purchase triggered securities laws
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The amount raised by crypto firms in Q3 fell to just under $2.1 billion, across 297 deals, the lowest on both counts since Q4 2020 Source
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Bitcoin breeds a wave of cautious optimism among traders following the breach above $28,000, as supply on exchanges hit a six-year low amid high whale activity. Santiment highlighted this trend in its latest monthly report, pointing out several metrics compounding the renewed optimism. The report confirmed that as Bitcoin (BTC) surged
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A former MIT alumnus and SoftBank executive has launched a Dirham-backed stablecoin that aims to give countries plagued by high inflation environments exposure to assets linked to the United Arab Emirates’ native currency.Cointelegraph reached out to Akshay Naheta, founder and CEO of Distributed Technologies Research (DTR) following the announcement of
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