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Ethereum (ETH) is set for a strong bullish run – Here is why

After reporting sharp losses at the start of this week, Ethereum (ETH) has rebounded. The coin has shown incredible resilience in the face of major market pressure. ETH now looks poised for a major bull run, but how will this play out? Here is what you need to know first: ETH Managed to regain the crucial… More

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Bitcoin Briefly Tops $40,000 As More Countries Adopt Crypto

Bitcoin (BTC) prices saw notable volatility on Friday, frequently breaching the $40,000 mark but failing to maintain that level. As of this writing, the top cryptocurrency by market capitalization had increased by 3.2 percent during the previous 24 hours, trading at $40,205. Bitcoin saw stiff resistance after breaking over that mark, plummeting below $40,000 in less than an hour, according to CoinDesk data. Over the next several hours, the world’s most valuable cryptocurrency traded at the previously mentioned price level, occasionally topping it and then falling below $40,000. Suggested Reading | What’s In A Name? Ethereum Domain Name Sales Climb 2,300% More Countries Embrace Bitcoin Bitcoin rose alongside US stocks as new evidence of investor accumulation and increased use by nations ranging from Africa to Central and South America emerged. The global cryptocurrency market capitalization stood at $1.80 trillion, a little decrease over the previous 24 hours. However, the overall volume of cryptocurrency trade increased by nearly 14% to $95.54 billion. Bitcoin traded flat for the second day straight, with virtually little increase. It has been trading in a narrow range over the last few days, according to Mudrex CEO and Co-founder Edul Patel. “A similar pattern is anticipated to continue over the next one or two days. Ethereum, the second-largest cryptocurrency, is also trading similarly, with a slight increase. In comparison, the majority of cryptocurrencies have been in the red during the last day, said. BTC total market cap at $736 billion on the daily chart | Source: TradingView.com Failing To Sustain Momentum Bitcoin managed to sustain a brief gain during the early hours of Tuesday, but subsequently fell below the $40,000 support level in the afternoon, and has since reached repeated low points throughout the week. By Friday, the cryptocurrency Fear and Greed Index had fallen one point to 23, indicating that it remained in “severe fear.” On the same day, Bitcoin had an upward correction in response to stronger market indices. However, BTC is facing further selloffs as it strives to break through the $40,000 barrier. Suggested Reading | Bitcoin (BTC) Dips Below $40,000 Over Ukraine And Possibility Of Fed Rate Hike Significant Resistance Recent price swings of the cryptocurrency “indicated substantial resistance” in the range of $40,000 to $41,500, according to John Iadeluca, founder and CEO of multi-strategy firm Banz Capital. He added that selling pressure has been especially intense “around the $40,000-$40,500 price levels.” Meanwhile, the Central African Republic recently became the world’s second country to legalize bitcoin as a form of payment. Cuba’s Central Bank announced the issuance of licenses to virtual asset service companies. The license will be offered to Cuban and foreign people and organizations. Featured image from Pixabay, chart from TradingView.com

Crypto transaction monitoring platform Merkle Science adds support for 1200+ ERC20 tokens

Merkle Science, a predictive crypto risk and intelligence platform, announced it has now extended support to over 1,2000 ERC-20 tokens. This additional coverage allows users to have better visibility over a substantial portion of the DeFi space, allowing them to monitor flows of funds across some of the most popular DeFi tokens and stablecoins. Some […]

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