Pinakabagong Balita sa Crypto at Market Updates

Ethereum(ETH) Price Bounce Maybe Just Another Fake Breakout - BitcoinEthereumNews.com

EthereumEthereum(ETH) Price Bounce Maybe Just Another Fake Breakout06 / 20 / 2022Balita ng Ethereum ng Bitcoin　　Ethereums price recently showcased some strength and recorded some short-term bounce that uplifted the price above $1100. However, the false weekend jump that recovered nearly 25% of the losses could all go in vain as the asset is about to drop hard marking new lows very soon. Interestingly, the buyers and the sellers are in the middle of a tough battle for supremacy and the Presyo ng ETH is expected to follow the victor.　　The crypto space is still in deep waters and the ETH price is in the bear market as the prices are still trading below the crucial 200-day MA levels. The short-term does display a mounting buying pressure due to which a fake breakout may be expected, but in the longer time frame, the asset is still within the bearish captivity.　　The ETH price in the weekly time frame is pretty bearish as it is about to slice through the crucial support at $1133. The flip is not yet validated as the bear continues to mount enough selling pressure upwards. And moreover, compared to the selling volume that has been accumulated over the past

2022-06-20Ethereum

Shiba Inu Now Largest Held Asset After USDC for Ethereum Whales, Price Adds 4% - BitcoinEthereumNews.com

EthereumAng Shiba Inu Ngayon ang Pinakamalaking Hawak na Asset Pagkatapos ng USDC para sa Ethereum Whales, Nagdagdag ang Presyo ng 4%06 / 20 / 2022Balita ng Ethereum ng Bitcoin　　Ayon sa WhaleStats data, Shiba Inu is now the largest held crypto asset for the top 100 Ethereum whales after USDC, while Ethereum (ETH) retains the number one spot. According to data provided by the blockchain data tracker, the top 100 ETH whales now hold $423,180,380 worth of Shiba Inu, or 15.55% of their holdings. Circles Stablecoin, USDC, on the other hand, accounts for 18.08%, or $491,815,225 worth.　　Sa nakaraang linggo, U. Ngayon reported that the percentage of long-term holders was 19%. This number has increased to 21% as Shiba Inu “hodlers” continue to increase.　　Ayon sa Sa Loob‘s holders’ composition by time held, 21% of SHIB holders have held onto their tokens for more than a year, 76% have held within a year, while 3% have held onto their tokens for less than a month. As Shiba Inus population continues to grow, mid-term holders have also been redistributed.　　The number of Shiba Inu holders has seen immense growth in recent months, reaching 1,184,559 at press time, according to WhaleStats data.　　Shiba Inu dipped to a

2022-06-20Ethereum

Think You’re Down Bad? This Ethereum Wallet Got Liquidated Over 71,800 ETH - BitcoinEthereumNews.com

EthereumThink Youre Down Bad？ This Ethereum Wallet Got Liquidated Over 71,800 ETH06 / 20 / 2022Balita ng Ethereum ng Bitcoin　　Most investors in the crypto market have been feeling the heat ever since digital assets like Ethereum began their downtrend. Being more than 70% down from its all-time high, its no secret that a good number of investors are held holding Ethereum bags that are currently in the loss. However, there are some that have been hit incredibly hard in this market. Mostly due to the absolutely degenerate positions that they have taken in the market.　　Ethereum Wallet Loses 71,863 ETH　　With the price of Ethereum falling below $1,000 has come a number of not-so-good implications for those invested in the cryptocurrency. While some have just held the coins and as such have seen the dollar value of their holdings plummet, others have usually taken a riskier route which has led to massive losses for them.　　Mga Kaugnay na Pagbabasa | Ang Ethereum Denominated Open Interest ay Lumalakas Habang Bumababa ang Presyo　　One of these is a wallet that held more than 71,800 in a collateral position on a decentralized borrowing protocol known as Liquity. The liquidation value for this position had been Ethereum had

2022-06-20Ethereum

Here's Why Peter Brandt Won't Use 'Enemy' Cash to Buy Ethereum

The once-glorious digital currencies are no longer deemed such, at least in the medium term, given the current nosedive in prices and valuation.　　With the overall crypto market capitalization falling to $858.7 billion at the time of writing, the industry is undergoing a significant downturn, with Ether, the native token of the Ethereum blockchain, taking the largest damage.　　Ethereums price has dropped from its all-time high (ATH) of $4,891.70 in November 2021 to $1,065.35, after falling to a multi-year low of $896.11 over the weekend. Given this prognosis, Peter Brandt, one of the most prominent commentators in the digital currency industry, is not optimistic about the future of Ethereum.　　According to the graphic below, Brandt believes the price of Ethereum could fall as low as $300. While investors and Ethereum bulls may view this as a bearish call, analysts stated that “targets are not holy — sometimes they are hit, sometimes they are not, sometimes they are exceeded.”　　Despite his prediction and a dash of uncertainty, Brandt is not urging anyone to pile up on Ethereum at the present, stating that he would not even use his “Enemys Money” to buy Ethereum at this time.　　The digital currency ecosystem is no stranger to expert price

2022-06-20Malalim na Pagsisid

The Binance Exchange Accumulates Bitcoin as Prices Drop Below $20,000

Binance, unlike any other cryptocurrency exchange, may be taking advantage of the recent market fall to increase its Bitcoin (BTC) holdings.　　According to BitInfoCharts statistics, the trading platform may have bought up to 101,266 BTC. The credit update occurred at block 741287, with the total accumulation valued at $1.94 billion.　　Should this weekends transaction be a Buying the Dip strategy, it will further align the exchange with the position of its Chief Executive Officer, Changpeng Zhao, who stated that the firm is poised to utilize the chances in this market during these difficult times. With the newest Bitcoin addition, the Binance exchange currently owns 353,863.26595022 BTC, which is worth more than $6.78 billion.　　Several trading platforms are responding to the latest drop in various ways. While attempting to maintain its position as the industrys largest in terms of trading volume, others are not concerned with their public image in order to reduce operational expenses at this time.　　For example, Coinbase Global Inc, the Nasdaq-listed American trading platform, recently reduced its workforce by 18 percent, citing the negative impact of the present economic environment. The Gemini exchange followed suit, laying off 10% of its employees. Unlike these two rival behemoths, Binance has stated that it

2022-06-20Malalim na Pagsisid

What Ethereum use case can make ETH a $500B market-cap asset? Community answers - BitcoinEthereumNews.com

EthereumAnong kaso ng paggamit ng Ethereum ang maaaring gawing $500B market-cap asset ang ETH？ Mga sagot ng komunidad06 / 20 / 2022Balita ng Ethereum ng Bitcoin　　While Ethers (ETH) price dip over the weekend may have left investors worried about the digital asset, community members on Reddit discussed use cases of the asset that could push its price upward.　　In r/Ethereum, a Reddit user tinanong fellow community members how ETH could reach a market capitalization of $500 billion. Criticizing the use of smart contracts for real estate, the Redditor noted that they had not seen a convincing case that could solidify ETHs value, like how Bitcoin (BTC) is viewed as a replacement for gold.　　Redditor u/WarhorseLand Inaalok a rebuttal to the original posters perspective on smart contracts and real estate. According to u/WarhorseLand, while there have been no applications yet, the real estate industry can prevent “closing day wire fraud” through the security offered by smart contracts.　　Additionally, u/WarhorseLand argued that universal trustless authentication is “the best use case” for smart contracts. The Redditor believes that a use case letting people prove who they are without a doubt could spur positive price action for the digital asset.　　Redditor u/SgtHappyPants dinala several use cases, including decentralized

2022-06-20Ethereum

Kraken to Follow Binance in Hiring Over 500 Employees Amid Crypto Crash

Despite rising fears about the unfolding crypto-economic catastrophe, Kraken exchange has made the audacious statement that it does not intend to lay off any employees.　　Kraken claimed in a recent blog post that many of its employees have been questioning what the current market outlook means for them, to which the exchange replied that this downturn is not the first of its sort.　　Kraken noted that it believes so strongly in the potential of the digital currency ecosystem that it has shaped its expansion to fit long-term goals rather than short-term profit-making. The trading platform stated that it intends to fill over 500 positions in the remaining months of the year.　　“We have not adjusted our hiring plan, and we do not intend to make any layoffs. We have over 500 roles to fill during the remainder of the year, and believe bear markets are fantastic at weeding out the applicants chasing hype from the true believers in our mission,” the trading platform said adding, 　　“That‘s why, despite a steep decline in crypto prices and an uncertain macro environment, we’ve taken this opportunity to align our internal culture around a set of shared values we feel will keep us agile, focused, and competitive

2022-06-20Malalim na Pagsisid

Ethereum Longs Spike – Trustnodes - BitcoinEthereumNews.com

EthereumEthereum Longs Spike – Trustnodes06 / 20 / 2022Balita ng Ethereum ng Bitcoin　　Bets on ethereum rising on one of the biggest crypto exchange, Bitfinex, have risen to their highest level since November 2021.　　Theyve almost tripled since the begining of this month, with 405,000 eth, worth about half a billion, now going long.　　Thats up from ◊130,000 on the 6th of May. Another jump on June the 1st sent it from ◊170,000 to ◊270,000.　　As eths price continued to fall, a further spike on the 13th of June increased longs to ◊320,000.　　Then the plunge below $1,000 this weekend upped them above ◊400,000 for the first time since ethereum began to fall.　　Shorts by comparison have dived lower and lower, from 260,000 eth on the 9th of May to now just ◊22,000.　　So the market clearly thinks ethereums price is currently at the lower range, and is even undervalued to some extent.　　Few are willing to short here with a longer term view, and the more it falls the more are willing to long in the expectation that eventually theyll be right.　　These are Bitfinex longs, so low margin and usually with a calculation of months or sometime even years.　　Some of them consider it like taking out a

2022-06-20Ethereum

In Mark Cuban's Opinion, Cryptocurrency Startups With Strong Fundamentals Will Do Well

Following the collapse of the total crypto market capitalization below the $1 trillion level earlier this week, several crypto projects are suffering a severe economic downfall as a result.　　In light of the current state of the ecosystem, Mark Cuban, the owner of the Dallas Mavericks basketball team and an Ethereum maximalist, is supporting ventures in the crypto business with strong fundamentals.　　In an interview with Fortune, Cuban stated that events like the one now affecting the crypto business will expose and demolish enterprises that are being sustained by inadequate market fundamentals.　　“In stocks and crypto, you will see companies that were sustained by cheap, easy money—but didn‘t have valid business prospects—will disappear,” the Shark Tank investor told Fortune. “Like [Warren] Buffett says, ’When the tide goes out, you get to see who is swimming naked.”　　Companies like Celsius are currently unable to meet their withdrawal commitments after suspending this portion of their operations just before the start of the week, proving Cubans point. Several initiatives, including Terra, have failed in the last month, while legacy corporations such as Coinbase, BlockFi, and Gemini have revealed plans to shrink their operations in order to save money.　　These are not new to Cuban, but he maintains that

2022-06-20Malalim na Pagsisid

BTC Taps $20K, ETH Soars 16% Daily and Reclaims $1K (Market Watch) - BitcoinEthereumNews.com

Bitcoin EthereumBTC Taps $20K, ETH Soars 16% Daily and Reclaims $1K (Market Watch)06 / 20 / 2022Balita ng Ethereum ng Bitcoin　　After several consecutive days of freefalls and new multi-yearly lows, bitcoin finally bounced off and jumped to and beyond $20,000. The altcoins have also turned green today, with ETH spiking by double digits to north of $1,000.　　Ang BTC Taps ay $ 20K　　The past week or so didnt go all that well for the primary cryptocurrency, which dropped from over $30,000 to below $20,000 within this timeframe. This past weekend was particularly harmful as BTC slumped below the 2017 all-time high and kept diving to new bottoms.　　This culminated in a pagtatambak ng presyo towards $17,500 on Sunday morning, resulting in over $600 milyon ang halaga ng mga pagpuksa from over-leveraged traders.　　However, the asset reacted well to this massive correction and new 18-month low. It started to recover some ground in the following hours and is currently hovering at just over $20,000, meaning that it has gained almost $3,000.　　As a result, its market capitalization has neared $400 billion, and its dominance over the alts is above 43%.　　BTCUSD. Pinagmulan: TradingViewAltcoins See Green, ETH Explodes　　The alternative coins suffered just as badly as bitcoin in

2022-06-20Ethereum

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