Ethereum is more Stable than Bitcoin

Ethereum is more Stable than Bitcoin

Crypto assets have become a vivid example of the statement ” What goes up, must come down” and time after time we are convinced of the validity of this phrase. Overcoming the threshold could have opened the way for testing price levels up to $10,500 in the near term, but buyers again lacked the strength. In 7 days Bitcoin shows a decline of almost 4%.

Altcoins moderately follow Bitcoin. The total capitalization in a day decreased by $10 bln. This cannot be called a large-scale sale, but there is a worsening of investor sentiment, which may result in increased sales pressure soon. The Crypto Fear & Greed Index after a 12-point growth over the week showed a daily decline of 3 points, which is a relatively accurate reflection of what is happening in the market.

While all the news was around halving and the likely prospects for Bitcoin after this event, the leading altcoin Ethereum (ETH) demonstrated quiet growth. Since the beginning of the year, Ethereum has grown by 61%, compared to 31% for Bitcoin in the same period. ETH usually follows the increase in Bitcoin, but in the end, it turns out that the coin adds more and loses less.

Favourable prospects for Ethereum are linked to the fact that its network is becoming increasingly active by launching decentralized financial applications (DeFi). ETH holders can block assets in DeFi smart contracts with different purposes, which reduces the circulation of coins, naturally creating an effect that is achieved in the bitcoin network by halving. Bitcoin maximalists do not see Ethereum as a threat, but there is no point in believing that a network after switching to 2.0 cannot be a worthy competitor to bitcoin.

Bitcoins mined at the very beginning of the network’s existence have long been at the centre of attention of the crypto community. The reaction to the transfer of 50 bitcoins, which have been motionless since 2009, has been decisively strong. These coins were received as a reward when the network had less than 100 transactions and only a few people, including Satoshi himself, were mining BTC. Such fund transfers now have a much higher response in the community than transfers of tens of thousands of bitcoins with fees less than a dollar. However, fast and cheap international transfers, bypassing numerous intermediaries, are precisely the direction that still needs to be developed and where the traditional sluggish banking system continues to hold the lead.

by Alex Kuptsikevich, the FxPro senior market analyst.

This article was originally posted on FX Empire

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Author: Alexander Kuptsikevich


How Bitcoin, Litecoin, Bitcoin Cash and Ethereum are moving today | 16.05.20

How Bitcoin, Litecoin, Bitcoin Cash and Ethereum are moving today | 16.05.20

That's how it goes on Saturday at the crypto market.

The price of Bitcoin is now at $ 9,409.28, up from the previous day at $ 9,286.73.

The ripple price rose to $ 0.1999 today from the previous day's $ 0.1976.

The Cardano course has risen. The Cardano price rose to $ 0.0508 after trading at $ 0.0505 the previous day.

The digital currency Monero rate is up today at $ 64.21. The previous day, the price was $ 63.29.

The IOTA course is stronger than the previous day. An IOTA is currently worth $ 0.2008. Yesterday the price was still at $ 0.1982.

The Verge price is quoted at $ 0.0033 on Saturday. The previous day, the Verge had been worth $ 0.0033. With that, the Verge continues its sideways movement.

The Stellar price rose to $ 0.0680. The previous day's price was at $ 0.0673.

The NEM price is trading higher at $ 0.0393. The previous day, the price stood at $ 0.0392.

The dash price ranks at $ 73.97. The previous day, the dash was still at $ 72.90.

The NEO has moved. At noon, the NEO price rose to $ 10.03 after trading at $ 10.00 the previous day.

Editorial office finanzen.at

Source: www.finanzen.at


How Bitcoin, Litecoin, Bitcoin Cash and Ethereum are moving today | 16.05.20

Latest Bitcoin price and analysis (BTC to USD)

Bitcoin has suffered a momentary lapse in its pursuit for a $10,000 valuation after a panicked sell-off to $9,200 yesterday evening.

The move to the downside was as a result of 50BTC being moved from a wallet that has seemingly been dormant since 2009, stoking fears over whether Satoshi Nakamoto had begun to access his stash of Bitcoin.

From a technical perspective Bitcoin did well to recover and continue trading above the $9,300 level of support, with a break down in price being prevented in the short term.

However, as Bitcoin continues to consolidate around the current level of support it won’t take a lot of bearish pressure to push it back down to $8,830.

Corrections are undeniably expected especially when dealing with assets as volatile as Bitcoin, with some traders predicting a slump to as low as $7,100.

A move of this magnitude would be a shock to investors and traders who were hoping that the recent block reward halving would act as a catalyst for a bull market, although it’s worth noting that Bitcoin has rallied by 112% in the past two months, demonstrating a clear uptrend.

If Bitcoin can manage to claw its way back to $10,000 and potentially above the yearly high at $10,500 it would be a clear indication of strength as it would mark the first lower high since May, 2019.

What future awaits cryptocurrencies?
GOODBAD

For more news, guides and cryptocurrency analysis, click here.

Current live BTC pricing information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest Bitcoin price. Pricing is also available in a range of different currency equivalents:

US Dollar – BTCtoUSD

British Pound Sterling – BTCtoGBP

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Euro – BTCtoEUR

Australian Dollar – BTCtoAUD

Russian Rouble – BTCtoRUB

In August 2008, the domain name bitcoin.org was registered. On 31st October 2008, a paper was published called “Bitcoin: A Peer-to-Peer Electronic Cash System”. This was authored by Satoshi Nakamoto, the inventor of Bitcoin. To date, no one knows who this person, or people, are.

The paper outlined a method of using a P2P network for electronic transactions without “relying on trust”. On January 3 2009, the Bitcoin network came into existence. Nakamoto mined block number “0” (or the “genesis block”), which had a reward of 50 Bitcoins.

If you want to find out more information about Bitcoin or cryptocurrencies in general, then use the search box at the top of this page. Here’s an article to get you started.

As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.

Disclaimer: The views and opinions expressed by the author should not be considered as financial advice.

Source: coinrivet.com

Author: Oliver Knight

May 21, 2020


Crypto-Crash: Bitcoin price falls to critical level - $8,000 next?

Crypto-Crash: Bitcoin price falls to critical level – $8,000 next?

  • Bitcoin has fallen from $9,700 to $9,097 in the last few hours and has unsettled many investors with the sudden drop in price.
  • The stablecoin Tether has again overtaken Ripple (XRP) to become the third largest cryptocurrency by market capitalization.

After Bitcoin failed five times to break the $10,000 mark in May, the Bitcoin price has fallen from USD 9,700 to USD 9,097 within a few minutes in the last few hours. Due to numerous buy orders, however, the price was able to recover somewhat at the time of writing and has risen again to $9,517.53. As a result of the recent price slump, BTC recorded a minus of 2.96 % in the last 24 hours. The market capitalisation has fallen from $180 billion to $175 billion.

Bitcoin Trader Josh Rager describes that there are currently heated discussions about Bitcoin’s Golden Cross and its potential influence on the further price development. Rager explains that the last time the 50 Daily Moving Average (DMA) exceeded the 200 DMA, the price fell by 60%. However, the price drop at that time in mid-March was caused by a “black swan”, the COVID 19 pandemic, so not a single indicator such as the Golden Cross should be used for trading decisions.

$BTC lots of excitement about a golden cross

But last time the 50 DMA crossed above the 200 DMA, there was a 60%+ drop in price over the next month

The drop was caused by a black swan but at the same time, it goes to show that a single indicator won’t prop up the market price pic.twitter.com/XkQkRR4mZl

— Josh Rager 📈 (@Josh_Rager) May 21, 2020

“Byzantine General” also warns to calm down, as Bitcoin has fallen sharply in price, but is still in the price range between $9,500 and $10,000. In his opinion it is too early to announce a correction or similar bearish scenarios. However, traders should still work with a stop loss to protect their capital from a further drop in price.

Let’s simplify a little bit.

Nothing happened. We are still just range-bound.$BTC pic.twitter.com/3FrJe2tNBn

— Byzantine General (@ByzGeneral) May 20, 2020

Big Chonis Trading shares this opinion and states that Bitcoin is still in a tight price range and that the next few hours will be decisive for the further development. Bitcoin could fall back to the $8,000 level again if the correction below the strong support of $9,300 is made, as there are no further strong support levels near the $9,000 mark.

$BTC – quick video update on #bitcoin

“Golden Cross”

“Ascending Triangel”

“EMA and Middle BB support” pic.twitter.com/OzmWedQNIj

— Big Chonis Trading😷 (@BigChonis) May 20, 2020

The stablecoin Tether (USDT) has once again overtaken Ripple (XRP) in the ranking of the largest cryptocurrencies. Tether’s market capitalization has risen to $8.95 billion, well ahead of Ripple with a market capitalization of $8.87 billion. The Altcoin market follows the market trend of Bitcoin, with XRP showing a minus of 1.49 % to $0.20, ETH a minus of 1.74 % to $208.71 and Litecoin a minus of 3.25 % to $43.88.

Bloomberg as well as other analysts see the pressure of new money by the American central bank FED as a great opportunity for rising prices on the cryptocurrency market. The “helicopter money” could be used by investors to buy Bitcoin and thus have a positive effect on the further price development. The billion-dollar hedge fund manager Paul Tudor Jones shares this opinion and describes that Bitcoin will benefit greatly from an inflationary monetary policy.

Source: www.crypto-news-flash.com

Author: Collin Brown


Ethereum is more Stable than Bitcoin

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