|Day's Range||167.11 - 178.529|
|52 Week Range||102.93 - 361.40|
|Volume (24hr) All Currencies||15.21B|
Altcoins have shown impressive spike and at the moment switched to more moderate growth. Over the last week, the total capitalization of the crypto market grew by 18% to $244bn. Bitcoin can boast of infrastructure, institutional investors, recognizability.
Ethereum surpassed its previous all-time high for trading volume this week with more than $17 billion being traded across numerous exchanges on Tuesday. The spike in volume coincided with a ferocious rally from $143 to $172, with price eventually being rejected at the 200 exponential moving average (EMA). During the bull market in 2017, Ethereum's daily trade volume failed to exceed $10 billion, which reiterates the sheer amount of interest in this week's hike in price. The previous all-time high of $16 billion came during last summer's rally to $360, which coincided with Bitcoin's rise to dizzying heights of $14,000. However, while the increase in volume is undoubtedly a positive for Ethereum, it now faces a stern test of theThe post Ethereum volume tops all-time high despite 200 EMA rejection appeared first on Coin Rivet.
The Enterprise Ethereum Alliance (EEA), which consists of over 180 companies and 1,400 individual members, has announced the launch of a new testnet for business building on Ethereum. The EEA is a standards organisation for Ethereum which works to provide interoperability for business users of the blockchain network. The testnet, which will allow users to build decentralised applications (dApps) in a sandbox environment, is designed to operate the same as building in a live environment just without the costs. MetaMask will be supported out of the box, which will allow users to deploy and use their own dApps. EEA executive director Ron Resnick shared: “The EEA’s business-focused approach enables the broader Ethereum business community to collaborate, innovate, and contribute toThe post Interoperability testnet launched by Enterprise Ethereum Alliance appeared first on Coin Rivet.
The crypto market hits reverse in the early hours. With support levels in play, failure to move through key levels will likely lead to heavier losses.
YouTube creator Pogo, who has over 840,000 subscribers, has had his account hijacked by crypto fraudsters. The hackers have renamed the channel and are live streaming a scam Ethereum ‘giveaway’. Using the classic ‘send ETH to receive more ETH’ tactic, the fraudsters are promising viewers "5 times more BTC/ETH" if they deposit funds to their personal Ethereum address. Pogo, who has built up a dedicated YouTube following over the past 13 years, reviewed movies and games for some 843,000 subscribers. The account has been renamed to ‘Ethereum 2.0 Foundation’, the banner has been changed to an Ethereum logo, and all of the content creator's original videos have been deleted. Pogo tweeted the following in the early hours of this morning:The post YouTube channel Pogo hijacked to promote crypto scam appeared first on Coin Rivet.
It’s a choppy start to the morning. Failure to move back through to key levels could see the majors cough up Tuesday’s gains…
It’s a mixed start to the day as investors lock-in gains from Tuesday. A move back through the early highs would signal another breakout.
After a spectacular Tuesday rally, it’s a mixed start to the day as investors look for direction. A Bitcoin move through to $9,000 would deliver a boost.
The crypto market has shown impressive dynamics since the beginning of the year. Bitcoin has added almost 5% in the last 24 hours and traded above $8,500. Bitcoin’s jump has so far faced an critical obstacle in the form of a 200-day simple moving average. This curve is closely monitored by classical market professionals and its influence on the crypto market increases as trading becomes more and more algorithmic.
Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert has said that it is not clear yet whether XRP is a security or a commodity. “It’s unclear. Stay tuned I’d say,” Tarbert told news outlet Cheddar on Monday, adding: "Part of the issue is that our jurisdiction we share with the SEC [Securities and Exchange Commission]. […]The post It’s ‘unclear’ whether XRP is security or commodity, says CFTC Chairman appeared first on The Block.
At the time of writing, Ethereum (ETH) is trading at around $150 following a 5% increase in price over the last 24 hours. The world's second-largest cryptocurrency by market cap has been consolidating to the upside since the start of the new year and is now back above its 20-day EMA. As mentioned last week, the uncertainty around ETH's price action could mean a continuation of bullish momentum. Let's take a look at the chart for Ethereum, courtesy of TradingView. During the second half of 2019, ETH was attempting to consolidate and recover following the huge market downturn in the summer. The altcoin experienced huge drops in September and November before an early-2020 market spike took ETH from around $123The post Latest Ethereum price and analysis (ETH to USD) appeared first on Coin Rivet.
It’s a bullish start to the day for the pack. With resistance levels in play, holding onto early gains will be key going into the afternoon.
The crypto bulls fight back early on to reverse Monday’s losses. A move back through the early highs will be needed to avoid a reversal.
It’s a bearish start to the week. We could see a rebound by late morning, however, should the majors avoid support levels early in the day.
It’s a bearish start to the day as investors hit pause after last week’s rally. A Bitcoin breakthrough to $8,200 levels would support a rebound.
It’s a bearish start to the day as investors lock in gains from Friday. A move back through the morning highs by the early afternoon would signal a breakout
Swarm is one of the latest projects to be built on Ethereum and is perhaps the central piece of the entire decentralised ecosystem. According to its website, Swarm is a censorship-resistant, permissionless, decentralised storage and communication infrastructure. The main purpose of Swarm is to be a decentralised store for dApp code, user data, blockchain data, and state data. Swarm sets out to provide various base layer services for Web 3.0. Services include node-to-node messaging, media streaming, decentralised database services, and scalable state-channel infrastructure for decentralised service economies. An intro to Swarm Before I dive deeper into Swarm's technical structure, I should define how data is stored in this decentralised file-storing system. Swarm's base-layer infrastructure provides the services mentioned above byThe post An overview of Ethereum Swarm: A decentralised filestore appeared first on Coin Rivet.
Cryptocurrency did not create investors a festive mood at the end of the year, but with the beginning of the new year, some of them had an opportunity to sell bitcoins at a higher price. Geopolitics and false signals as a sharp increase in USDT issue by $500 mln created a basis for growth for the bitcoin, and then for the whole crypto market
Ethereum research scientist Virgil Griffith has now been released on bail, a day after he was formally indicted in North Korea case. Inner City Press reported the news on Thursday, saying that Griffith’s bail was delayed for 10 days without any explanation. He was to be released on bail on Dec. 30. The Federal Bureau […]The post Virgil Griffith released on bail; lawyer says he ‘should not have been indicted’ appeared first on The Block.
It’s a mixed start to the day, with Bitcoin under pressure after 2 days in the red. A Bitcoin move back through to $7,870 would signal support.