Ethereum estimated leverage ratio across all exchanges. Source: CryptoQuat The analyst also said the 100-day simple moving average (SMA) currently at $2,675 “is a key resistance level.” Data from IntoTheBlock corroborates this with its in/out of the money around price (IOMAP) model revea...
The cryptocurrency market is down today, with the total market capitalization falling by 1.33% to $2.3 trillion on Nov. 1. BitcoinBTC, the largest cryptocurrency by market capitalization, has fallen 4.3% to around $69,193. Meanwhile, EtherETH, the second-largest crypto, dipped 5.4% to trade ...
The cryptocurrency boom is a staggering instance of this, with its whitepapers and ICOs. Cryptoassets such as Bitcoin, Ethereum and Ripple are portrayed as ingenious technological innovations. More than that, they are infectious narratives swirling in the minds of their consumers and investors. The...
Core tool downloads for Ethereum increased by 87 percent. Ethereum is asmart-contract blockchain; core tools are what developers need to work with it. On-chain stablecoin payment volume grew more than 50 percent. Astablecoinis a private, stabilized cryptocurrency pegged to another currency, commo...
Ethereum Litecoin For reference, TREZOR and Ledger support over 1000 assets each. For the complete list of Keepkey supported coinsclick here. 5. How to setup Keepkey Setting up your KeyKey for the first time is pretty similar to any other hardware wallet. You’ll need todownload the KeepKey...
Stablecoins are a type of cryptocurrency that derives its value from some underlying external asset, like the U.S. dollar or the price of gold. That makes them different from cryptocurrencies like Bitcoin or Ethereum, which is tied to being “mined” by computers. And while Bitcoin and othe...
One of the biggest reasons people call Bitcoin “outdated technology” and argue it will be replaced by a cheaper, more energy-efficient crypto is that Bitcoin uses what's known as Proof of Work (POW). Most other cryptos, including Ethereum, use Proof of Stake (POS). In brief, POW req...
Similarly, any smart contract platform can lock up bitcoin in a similar way that Liquid does. The largest one, Wrapped Bitcoin or “WBTC” consists of bitcoins that are wrapped in an Ethereum token, and can therefore trade in Ethereum-based DeFi ecosystems. There are also DeFi projects that...
As a new technology, some speculative behavior is to be expected in the cryptocurrency space, especially as blockchain technology matures. However, new investors should be wary of falling into psychological traps such asherd instinct,Fear of Missing Out, or theGreater Fool Fallacy, which can make...
falling yields indicate caution in the markets. This confidence factor is also felt outside of the U.S. as it points to the future of the global economy. The geopolitical situations of other countries can affect U.S.government bondprices, as the U.S. is seen assafe havenfor capital. Thi...