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Bitcoin, Ethereum Technical Analysis: BTC Jumps to 6-Month High Above $24,000

Bitcoin surged above $24,000 on Feb. 02, as markets continued to react to the latest U.S. Federal Reserve policy decision. On Wednesday, the central bank moved to increase rates by 25 basis points, while signaling that further hikes could be on the cards. Ethereum also rallied, with prices nearing…

Ethereum experiences boost as Zhejiang testnet goes live

Feb. 1 marked a crucial milestone for ethereum (ETH) developers as a new test network, Zhejiang, launched. What is it and how it works? The Zhejiang update allows users to get a head start in testing the protocol’s next major upgrade, Shanghai hard fork, which will go live in…

Ethereum (ETH) Bulls Weaken As Profit-Taking Intensifies

The largest altcoin, Ethereum (ETH), saw a rally of over 30% during the first month of January. As a result, Ethereum opened February with a 10% increase and is currently trading around $1,666. On-chain data suggests that a significant number of ETH holders have been taking profits after a…

NFT Sales Soar: January 2023 Reaches Nearly $1 Billion in 30 Days With 41% Increase

Non-fungible token (NFT) sales increased 41.96% from the previous month, according to data recorded on Feb. 1, 2023. NFT sales reached nearly $1 billion in 30 days, with an approximate total of $997.53 million. Additionally, the number of digital collectible transactions rose more than 22% in the past month.…

Ethereum’s Shanghai fork is coming — but it doesn’t mean investors should dump ETH

Ethereum’s next big upgrade, Shanghai, is on the horizon for March. The Shanghai hard fork will implement further improvement proposals for the Ethereum network as well as enable Ether (ETH) stakers and validators to withdraw their assets from the Beacon Chain. At the time of writing, staked ETH represents…

Price analysis 2/1: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX

Bitcoin (BTC) gained about 40% in January, its best finish in the first month of the year since 2013. The sharp rally caused a change in sentiment and the futures markets which saw backwardation in November and December started trading at a healthy contango in January, according to Glassnode.…

Bitcoin, Ethereum Technical Analysis: ETH, BTC Marginally Higher Ahead of FOMC Meeting Results

Ethereum was marginally higher on Feb. 1, as markets prepare for the upcoming Federal Open Market Committee (FOMC) meeting results. Many are expecting that the U.S. Federal Reserve will increase rates by 25 basis points, taking current rates to 4.75%. Bitcoin was in the green on Wednesday, as prices…

Ethereum supply decrease results in net deflationary value of $16m

The supply of ethereum (ETH) fell in January, resulting in a net deflationary value of $16 million.  ETH net deflationary value falls to $16m According to the Ultrasound Money report, the total supply of ETH is 120,515,722, with an annual decrease rate of 0.012%. This shift in the cryptocurrency’s…

ETH Price Is Rising, May Hit $1800 in February: Is Now the Time to Sell Bitcoin for Ethereum?

Story Highlights Ethereum price is trading flat for the past couple of days, withstanding immense bearish action induced to drag the price below $1550 The indicators are flashing extensive bullish signals due to which the ETH price is believed to slice through the consolidation and secure levels beyond $1800…

Crypto creators’ platform Rally shuts down, citing market conditions

The social platform for creators’ tokens, Rally, has shut down only 12 hours after its initial announcement. Per the blockchain security platform PeckShield, the assets on the platform will no longer be accessible. Rally emailed its community about a sudden decision to shut down the company, citing harsh industry…

Metaverse Tokens Outperform Top Crypto Assets in 2023 With Decentraland’s MANA Leading the Pack

During the first month of 2023, the top two leading cryptocurrencies, bitcoin and ethereum, experienced double-digit gains against the U.S. dollar. Meanwhile, several alternative cryptocurrencies saw even greater increases in value, with metaverse tokens like Decentraland’s MANA and The Sandbox’s SAND rising 92-150% against the greenback. Metaverse Crypto Assets…

Ethereum to Reach Peak of $2,474 Per Token in 2023, Finder’s Survey of Crypto and Fintech Experts Reveals

Seven days ago, finder.com, a product comparison website, published a forecast report based on predictions from several crypto and fintech experts, predicting bitcoin’s year-end price for 2023. Following the bitcoin price prediction report, Finder released another survey focused on ethereum, the second-largest crypto asset in terms of market capitalization.…

Ethereum to Launch Zhejiang Public Withdrawal Testnet

The “Zhejiang” public withdrawal test net is scheduled to be live on February 1 at 15:00 UTC, as stated in a post authored by an Ethereum Foundation developer named Parithosh Jayanthi on January 31. Six days after the Zhejiang testnet is activated, the Shanghai and Capella testnets will both…

Ethereum staking withdrawal testnet Zhejiang to go online Feb. 1

According to a Jan. 31 post by Ethereum Foundation developer Parithosh Jayanthi, the “Zhejiang” public withdrawal testnet will launch on Feb. 1 at 3:00 pm UTC. Six days after Zhejiang, the Shanghai and Capella testnets will also be triggered at epoch 1350. Jayanthi noted: “This is also a great…

Ethereum price analysis indicates potential gains in 2023

The start of 2023 has been buoyant for ethereum (ETH), with the digital asset firmly on track to record impressive gains. After kicking off the new year at $1,192, ETH surged to a 90-day high of $1,674 on Jan. 21, representing an increase of x% YTD (year-to-date). As of…

Bitcoin 7-month high ‘dominance’ has BTC price eyeing $25K — Will Ethereum spoil the rally?

Bitcoin (BTC) is rapidly regaining its lost dominance in the crypto market so far into 2023. On Jan. 30, Bitcoin accounted for 44.82% of the total crypto market capitalization, the highest since June 2022. In September 2022, Bitcoin’s dominance index was as low as 38.84%. The index typically rises…

Bitcoin, Ethereum Technical Analysis: BTC, ETH Lower, Ahead of Key Week of US Economic Data

Bitcoin fell below $23,000 on Jan. 31, following a recent move to a five-month high over the weekend. Market volatility has since increased, as traders prepare for a big few days of economic data from the United States. The conference board will release its consumer confidence report later today,…

Meet Ordinals, the New Bitcoin NFT Engine, and the Drama Surrounding Them

Ordinals, a new way of using and getting content using Bitcoin, are enabling creators to harness the utility of NFTs (non-fungible tokens) directly from the blockchain, essentially creating native Bitcoin NFTs. This has stirred the pot in some circles, which are now discussing if this is the way in…

Premier League gets Ethereum-based digital cards with Sorare partnership

Blockchain-powered fantasy sports firm Sorare has sealed a deal with the English Premier League to mint Ethereum-based digital player cards on its platform. Sorare has driven an interesting use case for Ethereum-based fantasy sports and digital card trading in recent years, offering fans the ability to mint, collect and…

Ethereum Price Analysis: Key Uptrend Support Intact At $1,440

Ethereum price is consolidating gains above the $1,500 level against the US Dollar. ETH price is now trading below $1,600 and the 55 simple moving average (4-hours). There is a major contacting triangle forming with support near $1,540 on the 4-hours chart (data feed from Coinbase). The pair could…

Price analysis 1/30: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT

Traders tend to lighten up positions before important events because they hate uncertainty. The United States Federal Reserve’s policy decision is on Feb. 1, where the central bank is expected to hike rates by 25 basis points. Market observers will keenly watch for any hints about how high the…

ENS domains mimicking major exchanges’ wallets indicate a new type of scam

Today crypto.news has been investigating the activity involving the wallets of defunct cryptocurrency exchange FTX. While examining the blockchain data, we found an apparent attempt at nefarious activity involving the Ethereum Name Service (ENS). What is an ENS domain? The ENS is a decentralized domain name service built on…

Ethereum Classic’s Hashrate and Price Trend Lower After Ethereum PoW to PoS Transition

Just before the Ethereum network transitioned from a proof-of-work (PoW) blockchain to proof-of-stake (PoS), Ethereum Classic’s hashrate saw a significant increase. Three days after The Merge, Ethereum Classic had 214.37 terahash per second (TH/s) of hashrate. However, since then, the network’s hashrate has decreased significantly as 44.33% of it…

Bitcoin, Ethereum Technical Analysis: BTC Nears $24,000 Following Weekend Rally

Bitcoin started the week trading near a five-month high, as prices consolidated the weekend’s gains. Prices rose close to $24,000 on Sunday, following a breakout of a key resistance level. Ethereum fell back below $1,600 on Monday, after moving to a one-week high during yesterday’s session. Bitcoin Bitcoin (BTC)…

3 FTX wallets that moved significant amounts of stETH and ETH uncovered

Recent reports allege that FTX-connected wallets made some ETH and stETH transfers between May and June, causing a depeg and eventually leading to the demise of several crypto projects.  FTX wallets moved ETH and staked ETH Peck Shield, a network focused on blockchain scans and security, recently posted a…

Here’s Where Bitcoin, Ethereum & Cardano Prices Are Heading This Week

Highlights As the market creates a consolidation zone, it leaves investors questioning this week’s trend of Bitcoin, Ethereum, and Cardano. owever, ADA, ETH, and BTC prices are projected to witness massive gains after a minor retracement. As the last year made heart-stopping dips and now the stunning recoveries in…

Ethereum Price Hints At Potential Rally But This Resistance Is The Key

Ethereum started another increase above the $1,620 resistance against the US Dollar. ETH is rising and might rally if it clears the $1,665 resistance zone. Ethereum is slowly moving higher above the $1,600 and $1,620 levels. The price is now trading above $1,620 and the 100 hourly simple moving…

Azuki’s Twitter Account Hacked, Over $750,000 Stolen

A well-known nonfungible token (NFT) project known as Azuki had its Twitter account stolen on January 27. This resulted in the theft of about $750,000 worth of USD Coin (USDC) by the hackers who stole the account. Azuki is an example of a non-fictional character. Hackers were able to…

Bitcoin, Ethereum Technical Analysis: BTC Hovers Near $23,000 to Start the Weekend

Bitcoin started the weekend hovering near $23,000, as markets continued to react to personal consumption data in the United States. Figures released on Friday reported that spending fell by 0.2% last month, despite overall consumer sentiment moving higher. Ethereum remained close to $1,600 to start the day. Bitcoin Bitcoin…

Crypto Market Analysis: Top Predictions for Bitcoin(BTC), Ethereum(ETH) & Ripple(XRP) for February 2023

Bitcoin (BTC) Price Analysis Bitcoin appears to accumulate gains as the price levels have been hovering around $23,000 for nearly a week. The RSI is displaying a bearish divergence while the MACD is about to flash a bearish crossover. Therefore, the BTC price is expected to face a minor…

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