Cryptocurrency Analysis and News Portal
Ethereum extended its increase above the $1,300 resistance zone against the US Dollar. ETH tested the $1,350 zone and is currently correcting lower. Ethereum remained in a positive zone and climbed above the $1,300 and $1,320 resistance levels. The price is now trading above $1,300 and the 100 hourly simple moving average. There
Read More
Yesterday was Genesis Block day which is also known as the “birthday of Bitcoin,” the oldest (surviving) cryptocurrency according to Investopedia. On January 3, 2009, Bitcoin’s mystery creator Satoshi Nakamoto mined the first BTC block, marking the beginning of the digital currency’s 14-year lifespan. Bitcoin was created in the genesis block,
Read More
Nonfungible token (NFT) marketplace Magic Eden had to assure users their NFTs “are safe” after a spate of pornographic images littered its platform on Jan. 3.In a Jan. 3 tweet, the Solana-based NFT marketplace told its users it “has not been hacked” and the “unsavory images” were the result of its
Read More
Bitcoin moved closer to the $17,000 level on Tuesday, as market volume begins to pick up following the New Year’s celebrations. This comes as traders turn their attention to tomorrow’s Federal Open Market Committee (FOMC) minutes report. Ethereum also continued to trade above $1,200 in today’s session. Bitcoin Bitcoin (BTC) edged closer
Read More
109 years ago, the U.S. Federal Reserve was created and ever since that day, the purchasing power of the U.S. dollar has dropped a great deal. Since the Fed started, more than 96% of the greenback’s purchasing power has been erased via inflation. The Purchasing Power of the U.S. Dollar After
Read More
Bitcoin market watchers had varying price targets for 2022.However, none foresaw any drama that characterized the crypto space. Bitcoin (BTC) market watchers were aplenty in 2022 as the price of the leading crypto plunged to new lows. Before the turn of the year, some of these pundits predicted that BTC would
Read More
“During this period, many cryptocurrency projects, tokens and coins with little to no value or any immediate or discernible purpose were launched by various anonymous developers,” Julia Ng, growth marketing at CoinGecko, wrote in a recent analysis. “Few were actually committed to their projects, which resulted in a high rate
Read More
Ether's annualized inflation rate previously dropped below zero following the collapse of FTX-induced market volatility, which spurred a rise in Ethereum network usage. The positive inflation rate indicated ETH being minted outpaced being burned. Original Source
Read More
Bitcoin is seeing some green during this week’s market opening and seems poised to reclaim higher levels in the short term. The number one crypto by market cap experienced some of its worst months in history, but the bulls were able to hold the line at around $15,500. Now, the macroeconomic
Read More
The annual supply rate of Ether (ETH) slipped below zero for the first time since Ethereum’s transition to proof-of-stake via the Merge in September. The reason? A spike in on-chain activity amid a massive cryptocurrency market crash. Ether turns deflationary for realAs of Nov. 9, more Ether tokens are being burned than
Read More