MicroStrategy stock tumbles, as bitcoin prices fall well below low watermark for carrying value in Q3

tumbled 14.4% toward a four-month low, in midday trading Wednesday, and has plunged 34.5% amid a three-day losing streak, as the software company-bitcoin play suffered from the recent plunge in bitcoin prices to a two-year low. The company, which makes enterprise analytics and mobility software, is also a bitcoin play since it acquires and holds the cryptocurrency as a treasury reserve. Bitcoin was down 9.1% in midday trading, and has lost 20.3% in three days, putting it on track for the first sub-$17,000 close since Nov. 16, 2020. MicroStrategy disclosed earlier this month that it held 130,000 bitcoins, with a carrying value of $1.99 billion. The carrying value is calculated using the lowest fair value of the bitcoins at any time since their acquisition. And in the conference call following third-quarter results reported on Nov. 1, the company said the “low watermark” for bitcoin was approximately $17,600, suggesting the company will have to record digital-asset impairment charges in the fourth quarter. MicroStrategys stock has sunk 43.2% over the past three months, while bitcoin has shed 27.2% and the SP 500

2022-11-10Bitcoin

Ethereum Price Down By 21%; Over $228 Million Liquidated

EthereumEthereum Price Down By 21%; Over $228 Million Liquidated  11 / 09 / 2022  Balita ng Ethereum ng Bitcoin  Ethereum (ETH), the world’s second largest cryptocurrency is witnessing huge selling pressure due to increased doubt among traders. The dumping market situation has led to a massive drop in global market capitalization.Ethereum price sees massive liquidation  As per the data, Ethereum price has dropped by a massive 21% over the last 24 hours. ETH is trading at an average price of $1,230.6, at the press time. However, its 24 hour trading vol has surged by a whopping 130% to stand at $47.6 billion.  Data presented by Coinglass depicts that more than $228 million have been liquidated from Ethereum in the last 24 hours. Around $160 million has been liquidated on the long position. This represents 70% of all the positions set by the traders.  PeckShieldalert reported that $11.5 million worth of Ethereum is liquidatable at $1150. However, Okex registered the highest number of liquidations of $58 million in Ethereum.  Whale alert reported that a crypto whale has added $22.5 million worth of Ethereum to an unknown wallet. However, more than $107.2 million worth of ETH has been moved by the whales amid the price dip.Global crypto market under

2022-11-10Ethereum

Ethereum Becomes Deflationary While Price Dives – Trustnodes

EthereumNagiging Deflationary ang Ethereum Habang Nagbaba ang Presyo – Trustnodes  11 / 09 / 2022  Balita ng Ethereum ng Bitcoin  Ethereum has fallen to its lowest since July with the crypto diving to $1,160 after it became clear that not all is well at FTX.  Rumors circulated last night the exchange had a $6 billion hole. As one might expect, rumors are now circulating Binance might back off any deal.  Considering the sensitivity of the matter Changpeng Zhao, Binance’s CEO, has pinagalitan his staff for this leakage, but the only real unknown now as far as the market is concerned is just how much is retail affected, and just how much of this $6 billion is more institutional investors.  That price diving comes with a silver lining for eth however as fees spike. The currency has now for the first time contracted in total supply by 842 eth.  That’s worth just $1 million, but prior to the merge 655,000 eth, worth $760 million, would have been added to the supply.  The current crypto price action therefore would have been a lot worse for eth without the Merge, making this an event quietly celebrated in some corners.  Yet, there isn’t much celebration. It’s the depth of bear with bitcoin hitting

2022-11-10Ethereum

Ethereum and Big Eyes Coin, Will Charitable Projects Attract Greater Investment?

crypto EthereumEthereum at Big Eyes Coin, Maaakit ba ng Mga Proyektong Pangkawanggawa ang Mas Malaking Pamumuhunan?  11 / 09 / 2022  Balita ng Ethereum ng Bitcoin  The Ethereum blockchain is regarded as the pièce de resistance of the non-bitcoin world. Maximising on user-security, it has become the staple blockchain for DeFi interactions. Upon this blockchain is built an up-and-coming meme coin project, Big Eyes Coin. Both of these projects have huge connotations to charities, having a direct impact on their chosen institutions and communities.Ang Ethereum Foundation  A key aspect of the Ethereum Foundation is its work to bridge the gap between misrepresentation across cultures. They do this by breaking down the barriers to entry for underrepresented individuals struggling to get into the developer and web3 space. These communities are likely to be the future of web3 and crypto development and there is a multitude of talent in these communities who simply do not have the access and opportunity that is provided in the developed world.  Ethereum also runs an Ecosystem Support Program which provides a variety of different kinds of support to start-up projects inside the Ethereum community. The ultimate ambition here is to accelerate the growth of the ecosystem and keep the ETH ecosystem

2022-11-09Ethereum

Ethereum vs. Ethereum Classic | 1 Blockchain, 2 Directions

blockchain EthereumEthereum kumpara sa Ethereum Classic | 1 Blockchain, 2 Direksyon  11 / 09 / 2022  Balita ng Ethereum ng Bitcoin  The thing we must appreciate about blockchain and cryptocurrency is the high competitiveness and community involvement. And debates such as Ethereum kumpara sa Ethereum Classic illustrate how much power the users hold in the crypto community.  Many big companies are known for making decisions that disappoint their customers. Yet, for the lack of a better option, the customers still stick with them.  However, in the crypto space, when a portion of the community disapproves of a decision, they can just go forward and have a hard fork.  And that’s how the Ethereum Classic appeared. A group decided that Ethereum wasn’t going the right way, and they hard-forked into their own Ethereum.The Thing with Ethereum  Vitalik Buterin and his co-founders started Ethereum in 2014 as an attempt to decentralize the internet through smart contracts and decentralized applications.  The concept quickly got traction, and the developers from the crypto community started getting involved with Ethereum more and more.  It started by employing proof-of-work for achieving consensus, just like Bitcoin does. However, the discussion about the proof-of-stake Ethereum began in Septiyembre 2014.  And nowadays, we’re going to assist “The Merge,” which involves

2022-11-09Ethereum

ETH and SOL Recover From Historical Supports

EthereumMabawi ang ETH at SOL Mula sa Mga Makasaysayang Suporta  11 / 08 / 2022  Balita ng Ethereum ng Bitcoin  The Crypto market is at the front pages of every news outlet as yet another bloody day comes to an end. The industry’s value is below $1 trillion at the time of writing. This is a result of the massive decrease in the worth of most cryptocurrencies.  The current intraday session started with the global cryptocurrency market cap at $1.05. However, at the time of writing, it is valued at $916 billion; the sector under consideration is down by more than 10%.  This is the first time in almost fourteen days it is dipping to this level. One of the biggest losers over the last 24 hours are Ethereum and Solana as they are both down by more 15%. They also increased volatility which played to the advantage of the bears.Ethereum Rebound at $1,220  The massive change in sentiment is one that many saw coming. However, the extent to which it will affect the entire crypto market is one many could not predict. Ethereum opened the current intraday session at $1,568  It had a little increase but was insignificant before the blood bath. The asset flipped the

2022-11-09Ethereum

McDonald Surpass Ethereum’s Market Cap

Ethereum  McDonald Surpass Ethereums Market Cap  11 / 08 / 2022  Balita ng Ethereum ng Bitcoin  While the worlds first cryptocurrency, Bitcoin has lost its key level, so do Ethereum and other altcoins. The lead altcoin failed to maintain its price range above $1,600 as the currency started its downward journey. The major reason for the crypto market to crash is the FTT-Binance tussle which has impacted the whole market.  Interestingly, McDonald is valued more than that of Ethereum as McD is around $203.6 billion while Ethereums market cap is nearly $191 billion. This news caught the attention of Binance CEO, CZ where he stated doubts creep in once in a while. The main reason behind CZ commenting is earlier during his teenage he had worked at McDonald  Source: https://coinpedia.org/crypto-live-news/mcdonald-surpass-ethereums-market-cap-as-eth-drops-below-1500/

2022-11-09Ethereum

Bitcoin, Ethereum and XRP Price Prediction: Will Crash Continue?

Bitcoin EthereumBitcoin, Ethereum and XRP Price Prediction: Will Crash Continue?  11 / 08 / 2022  Balita ng Ethereum ng BitcoinBitcoin Price Reaches Make-Or-Break Levels  The Bitcoin price has traded inside an ascending parallel channel since Sept. 21. Such channels usually contain corrective movements. As a result, a breakdown from it would be expected.  Bilang karagdagan, ang araw-araw RSI is breaking down from its bullish divergence trend line (green line). A clear RSI breakdown would be expected to precede a price breakdown. It will take the Bitcoin price back to the $18,300 horizontal support area if one occurs.  Conversely, a breakout from the channel at $21,480 (red line) would invalidate the bearish hypothesis.Ethereum Price Rejected by Fib Resistance  The Ethereum price has been increasing at an accelerated rate since breaking out from a descending parallel channel on Oct. 25. The increased led to a high of $1,680 on Nov. 4. Afterward, the ETH price was rejected by the 0.5 Fib retracement resistance at $1,611. It has decreased over the past 24 hours.  The Ethereum price has fallen since. The downward movement was preceded by bearish divergence in the RSI (green line). Currently, ETH is attempting to find support above the 0.5-0.618 Fib retracement support levels (black) at $1,373-$1,430.

2022-11-09Ethereum

Bitcoin vs Ethereum after the Merge

Bitcoin EthereumBitcoin vs Ethereum pagkatapos ng Merge  11 / 08 / 2022  Balita ng Ethereum ng Bitcoin  Ethereum’s move to Proof-of-Stake (PoS) after the Mergechange of scenery that also involves Bitcoinwhich of the two blockchains is the more decentralized  decentralization remains one of the basic principles  Ang numeroEthereum’s decentralization has increased since the Merge.   Figment is part of Lido’s 30 independent operators   to attempt a 51% attack on Lido   now ETH that are in staking still cannot be withdrawn  compare Bitcoin and Ethereum and their degree of decentralizationcompare the PoW and PoS protocols  PoW has always been regarded as the protocol of decentralization par excellencemarahil   one could even argue that ETH is more decentralized  The cause is the barriers to entry for PoW mining, which are much higher than for PoS   Bitcoin’s energy consumption is also steadily increasing, compared to that of Ethereum post-Merge  Ethereum surpass queen BitcoinFlippening   the Merge was the trigger   overcoming Bitcoin’s establishment as the main and driving asset of the entire crypto market is no small feat   a multi-chain ecosystem  If, however, other metrics were consideredthe Flippening could already be a realityEthereum has a higher transaction volume than Bitcoin   number of crypto projects and active addresses at the top of the networksBitcoin remains the number one

2022-11-09Ethereum

Ethereum (ETH) price prediction for November 30, 2022

EthereumEthereum (ETH) price prediction for November 30, 2022  11 / 08 / 2022  Balita ng Ethereum ng Bitcoin  Disclaimer:   Over the past several days, the cryptocurrency industry ay nakikipaglaban sa masagwa sentiments around most of its assets, including Ethereum (ETH), which is back below the $1,500 level, but the crypto community seems to be bullish on its future.  In particular, the tally of votes cast by members using the platform’s Price Estimate feature demonstrates the belief of the crypto community that Ethereum would be trading at a median price of $1,537 on November 30, 2022, according to the data from November 8.  Specifically, these results stem from the 2,342 boto cast on the platform by press time and represent an anticipated growth of the decentralized finance (DeFi) asset’s price by $86.41 or + 5.96% compared to its current price.  By the end of the year, the crypto community is showing even more optimism, expecting ETH to be changing hands at the median price of $1,600 on December 31, 2022. If this prediction comes true, it would mean an improvement of $149.14 or + 10.28% on its price at the time of publication.  Kasabay nito, ang Ethereums teknikal na pagtatasa (TA) indicators are heavily in the ‘sell’ zone,

2022-11-08Ethereum
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