That said, the technical indicator’s past record as a predictor of bear markets is mixed. According to research by Kraken, many of bitcoin’s previous death crosses, including those seen in 2014 and 2018, coincided with “either a sell-off in the days that followed or a continued macro downtrend that confirmed a bear market.” Source link … [Read more...] about Bitcoin Approaches Death Cross as Goldman Foresees 4 Fed Rate Hikes This Year
Approaches
Ethereum Mixer Tornado Cash Launches Major Upgrade as V3 Approaches
Popular Ethereum-based privacy mixer Tornado Cash just got a major upgrade as part of a transition to a highly anticipated v3.On Wednesday Tornado Cash announced the launch of Nova, a major upgrade that will take the protocol to sidechain xDai, allow for variable deposits and withdrawals and enable privacy-preserving “shielded” transfer of funds deposited into the protocol’s … [Read more...] about Ethereum Mixer Tornado Cash Launches Major Upgrade as V3 Approaches
Bitcoin Hashrate Approaches Full Recovery From China Crackdown
But “even after that adjustment, mining is still so profitable that everyone and their grandma will want to plug in their machines as fast as possible,” Mellerud said. “It definitely looks like the hashrate will hit an all-time high before the new year, unless we get another brutal bitcoin sell-off shortly after the next difficulty adjustment.” Source link … [Read more...] about Bitcoin Hashrate Approaches Full Recovery From China Crackdown
Ethereum approaches a new ATH, but derivatives data reflects mixed emotions
Today Ether (ETH) price briefly touched $4,760, exciting investors and reminding the world that the altcoin is a mere 2.2% below the $4,870 all-time high reached 20 days ago. While the spot price action might be intriguing, let’s see what’s happening in Ether’s derivatives markets.Ether ETH/USD price at Bitstamp. Source: TradingViewWhile it is possible to draw a descending … [Read more...] about Ethereum approaches a new ATH, but derivatives data reflects mixed emotions
Ethereum back in price discovery as ETH approaches $5K
Ethereum blockchain’s native asset, Ether (ETH), touched a new record high on Nov. 8, supported by a rally across the top cryptocurrencies ahead of a key United Stat inflation report this week.ETH’s price rose by 3.30% in the past 24 hours to $4,770 for the first time in it history as Bitcoin (BTC) reclaimed $66,000, demonstrating the strong positive correlation between the two … [Read more...] about Ethereum back in price discovery as ETH approaches $5K