Why Is The Price Of Ethereum Going Up?
Ethereum has surged over 16% in the last 24 hours. What's going on? Ethereum is up almost 17% in the last day, with its market cap creeping up towards Ripple's $88 billion as it looks to reclaim its spot as the second biggest cryptocurrency on market cap. List of exchanges that allow you to buy Ethereum The coin is currently sitting at an all time high of US$876 per ETH after it some slight dips over the Christmas period alongside Bitcoin, Litecoin and other popular currencies. Ethereum lost its spot as the second most valuable cryptocurrency late last week after Ripple had a massive surge on the back of new partnerships in Asia. Ripple has since stayed fairly steady, but could see another big spike this month after leaks suggested that it could soon be released on the popular Coinbase broker and exchange. Ethereum, while many believe is the future of the internet, in its current form still has problems handling capacity, relies on miners for proof of work and is quickly becoming more expensive for transactions. In December, the increasingly popular Ethereum based game CryptoKitties brought in so much traffic that it completely overwhelmed the Ethereum network for 24 hours. There are several improvements on the roadmap to eventually bring Ethereum to the point where it can handle as many transactions per second as the Visa network, decentralised and at a cheaper price. The first of these is known as the Casper update, and its initial test network was just released, which is why Ethereum's price has been going through the roof. Casper, once it's integrated will turn Ethereum from a Proof of Work platform into a Proof of Stake, which will make everything much faster and cheaper as it continues to grow. The particular testnet that was just released by Ethereum developer K Continue reading >>
Ethtrader: The Ether News, Tokens, Memes, Staking, Economics, Trading, And Investing Hub.
Welcome to /r/EthTrader , a 100% community driven sub. Here you can discuss Ethereum news, memes, investing, trading, miscellaneous market-related subjects and other relevant technology. New to Ethereum? Read our FAQ .For the discussion of tech and application development using Ethereum, go to the official sub at /r/ethereum . Read our rules before posting. If you wish to have your subreddit or website listed in our sidebar, please review our sidebar listing policy . User flairs or tokens in the ticker are not an endorsement. Please use due diligence when choosing an investment. Welcome to /r/EthTrader | Foundation Tip Jar | Rules | Policy | Public Mod Logs | News Timeline | Education | Comments You can correct innacurate link-flair assignments by typing "[AutoMod]" along with the flair name in a top-level comment, e.g. [AutoMod] DAPP-NEWS. Requires 100 comment karma and 1-month account age. If this feature doesn't work, please message the modmail . Continue reading >>
Bitcoin, Ethereum And Almost Every Other Cryptocurrency Is Plunging
Look away now if you own bitcoin or other cryptocurrencies. This wont be breaking news to you if you are invested, but today has seen the entire crypto market fall by double-digit percentages. The price of bitcoin slumped by 15 percent to drop below $12,000 for the first time since December 4. Ethereum, meanwhile, fell by over 20 percent to hover above $1,000 and Ripple is down 33 percent to $1.23 at the time of writing. The price drop is having a huge impact. According to Coinmarketcap.com , a site that is quickly becoming the go-to price checker, just one of the top 100 highest valued cryptocurrencies isnt in the red over the past 24 hours. Thats Tether. Its a far cry from when bitcoin hit a record of close to $20,000 exactly a month ago on December 16. Despite the drop, Ethereum, Ripple and the rest of the alt coins have largely fared worse than bitcoin. Finally, a little green ink at number 25 Like all things crypto price related, it isnt clear what is driving the changes. A Bloomberg report yesterday suggested that China is preparing to block domestic internet users accessing international bitcoin exchanges. The country banned Chinese exchanges and ICOs last year. Last week, it emerged that the central government is working to drive out Chinas bitcoin miners, who are thought to account for the majority on the planet. Many of the bigger names are already expanding overseas in preparation but the news jolted the market. Theres also been plenty of speculation around Koreas plans to regulate crypto, although the government has since clarified it doesnt plan an all-out ban on bitcoin and crypto trading. Crypto being crypto, there are some alternative theories, too. Weve been here before, of course the headline to this story may seem familiar. The crypto market suffered Continue reading >>
Heres Why Bitcoin And Ethereum Are Falling Today, But Ripple Is Soaring
Heres Why Bitcoin and Ethereum Are Falling Today, but Ripple Is Soaring News out of South Korea is weighing on many cryptocurrencies, but word of a new partnership added to the optimism about Ripple. Bitcoin (BTC-USD) and Ethereum (ETH-USD) were both in the red Thursday morning after major cryptocurrency market South Korea announced that it was gearing up to ban cryptocurrency trading. While cryptocurrencies across the board initially slid, many of the altcoins have recovered or even risen, led by Ripple (XRP-USD), which was up by more than 18% as of 10:30 a.m. EST. Here's a rundown of the latest cryptocurrency prices, the pendingSouth Korean legislation, and the new partnership that is sending Ripple higher. Here's a look at the 10 largest cryptocurrencies by market capitalization. Data Source: www.investing.com. Prices and daily changes as of 10:30am EST on January 11, 2018, and prices are rounded to the nearest cent where appropriate. Bitcoin and Ethereum fall on potential South Korean ban After it was reported that the South Korean Ministry of Justice is preparing a bill that would effectively ban cryptocurrency trading on exchanges, bitcoin (BTC-USD) prices initially dropped by about 6%. To be clear, we don't know the full details of the proposed legislation yet, but it does not look good. Such a ban would likely result in a big loss of trading volume, as South Korea is the world's third most active cryptocurrency marketplace, accounting for about 5% of bitcoin trading volume and 10% of Ethereum (ETH-USD) trading volume, which could explain why Ethereum is getting hit particularly hard Thursday. This news coincidentally comes a day after JPMorgan Chase CEO Jamie Dimon voiced his concern about what governments would do when cryptocurrencies started becoming too big Continue reading >>
Ethereum Price Drop Today: Is Ethereum Dead? Will The Crypto Go Back Up?
Ether is under bearish pressure as it declined below $685.00 and further to $675.00 supports against the US dollar. FX Empire analyst Yaron Mazor was less optimistic about the bearish crypto performance, warning the market has been unstable since He said: Ethereum is within a dangerous range for speculators. The current price of Ether is near 690 US Dollars per coin. Extremely important support for Ethereum lurks around $624. And should that support juncture fail to hold, speculators could be concerned Ether may aim for its late November and early December ratios between 500 and 400 US Dollars per coin. Ethereum has been under a wave of pressure the past week without any sustained buying yet to emerge short term. Coin Telegraph also warned Ethereum could continue to plunge if this bearish trend continues. Ethereum price drop: The price is down on March 15 Ethereum price drop: all major cryptocurrencies are in the red today Ramesh Upadhyay wrote: In the past four days, Ethereum failed to break out of the tight range of $745 to $654. Today, March 14, the bears are attempting to break down of the range. If successful, the ETH/USD pair can decline to the next support level of $565.54. Below this, the next support lies at $500. The downtrend is intact as the price continues to trade below both moving averages and inside the descending channel. Unless the bulls engineer a quick turnaround, the cryptocurrency will continue plunging. Continue reading >>
Litecoin Price: Why It Shot Up 30%, Far More Than Bitcoin, Ethereum | Stock News & Stock Market Analysis - Ibd
Litecoin led the cryptocurrency rally Wednesday, vaulting more than 30% as anticipation builds for the launch of payment processor LitePay and an upcoming fork of its Blockchain. XLitePay will allow businesses to accept Litecoin payments from customers anywhere in the world. It also will let users "load your card with dollars using any Litecoin wallet" and "spend dollars anywhere debit cards are accepted, or withdraw cash from any compatible ATM," according to the LitePay website . The move is seen to spur the mainstream adoption of the digital currency which is fifth largest behind Bitcoin, Ethereum, Ripple and Bitcoin Cash. Litecoin jumped 30% to $208.40 Wednesday. Its larger peers posted gains ranging from 7% to 9%. Bitcoin crossed above the $9,000 mark Wednesday after a tumble below $6,000 in early February, but sits well belowall-time highs of $20,000, according to Coindesk . Litecoin's surge is also being attributed to an upcoming fork of its Blockchain called Litecoin Cash, or LCC. "For every 1 LTC you hold at the fork block, you'll receive 10 LCC," the Litecoin Cash website says. The Litecoin fork is expected to take place Sunday. IBD'S TAKE:Bitcoin lost more than half its value in just a few weeks, leaving many investors with big losses. Get ahead of the curve by watching IBD's special online webinar that will explain how to use cryptocurrency charts to buy right and lock in profits. Among Bitcoin-related stocks and equities,Riot Blockchain ( RIOT ) rose about 3% on the stock market today ,Long Blockchain ( LBCC ) rallied 6.1%,Overstock.com ( OSTK ) gained 4.8%,Marathon Patent Group ( MARA ) climbed 7.7%, andBitcoin Investment Trust ( GBTC ) soared 13.7%. All are recovering from sharp recent sell-offs and remain stuck below their 50-day moving averages . Continue reading >>
(eth) Ethereum Price: Drop Expected To Take Eth To $600!
(ETH) Ethereum Price: Drop Expected to Take ETH to $600! Ranked second only to Bitcoin, Ethereum is one of the most popular cryptocurrencies in the markets. The technology that powers Ethereum has been hailed by many as one which may even replace Bitcoin some day. However, for now, Ethereum plays the second fiddle. Ethereum prices jumped by 9000% over the past year attracting millions of new investors. However, Q1 2018 doesnt look as promising as Q4 2017 was. Over the past 24 hours, Ethereum price has remained quite static, falling by a mere 0.20%. Ethereum began the day at $848.50 and closed in at $848. While the last 24 hours arent indicative of much, the past week tells us a lot about Ethereums recent performance. Ethereum began the week at a price of $935, from where it fell to a low of $798. It was followed by a slight surge which took the prices back up to $850. However, it now appears that theres another downtrend forming and one which is bigger than what weve seen this week. Ethereum price has been going through multiple ups and downs over the past few weeks. However, if market experts are to be believed, Ethereum is likely to enter a downtrend which would drop the prices to a low of $600 which is a drop of about $250 from where the currency stands now. Expected movement of Ethereum price | Image; Tradingview Ethereum entering this downtrend would not be an isolated incident as other cryptocurrencies such as Bitcoin, NEO and Bitcoin Cash too, are expected to go down the same path. However, Ethereum has shown a great tendency to bounce back from these lows. Earlier this year, the price had dipped to a low of $500 from where it bounced back to $1,000 in less than 10 days! Ethereum, with a market cap of $83 Billion is a strong player in the cryptocurrency markets. Continue reading >>
Ethereum Price Analysis. Is Eth/usd Rising Back Up?
Ethereum Price Analysis. Is ETH/USD Rising Back Up? Ethereum price analysis: rising back is a promising sign. Although ETH price has been under immense bearish pressure lately , falling to as low as $574.42 today, it looks to be on the rise once again A bullish trend line is forming a resistance at $740 ETH was able to hold a support level of $680 earlier today ETH just like most cryptocurrencies hasnt been doing well over the past week, and signs were not overly promising until today. Now, it seems a bullish trend has been formed, as the coin was able to hold a support of $680 and did not fall toward its 23.6% Fibonacci retracement level of $560 during the past few hours. An upside move today could see ETH testing a new resistance at $740. In addition to a bullish trend, the Bollinger bands and MACD lines also give a cogent signal that ETH is moving up. At the time of writing, ETH is trading at $731.04 and gradually creeping towards the $740 resistance. An upward trend has formed (ETH now in bullish territory) Bullish signals sent by MACD indicator and Bollinger bands Continue reading >>
Ethereum Price News: Why Is Ethereum Dropping Today? Eth Going Down
Ethereum price news: Why is ethereum dropping today? ETH going down Ethereum price news: Why is ethereum dropping today? ETH going down ETHEREUM is one of many of the major cryptocurrencies that suffered losses on opening this morning as ETH dipped by more than five percent. Why is ethereum dropping today? The second largest cryptocurrency by market cap has suffered new losses today in a morning where all the major cryptos are in the red. ETH dropped down to$851.05 today, a loss of 5.04 percent, as of 9am on February 22. The market cap currently stands at $83.2 billion and some $2.2 billion was traded on exchanges over the past 24 hours. But why has the token fallen into the red today, February 21? Venezuelas Ethereum-based Petro is desperate attempt to bypass U... The cryptocurrency largely held steady at around the $900 mark in February, apart from a drop to $585 on Feb 6 - recovering the following day. But today Ethereum dropped below the $900 mark again as all other cryptos also recorded losses. Ripples price dropped to 1.06 today, as of 8.20am on February 21, down 7.69 percent. Bitcoin was also down by -2.85 percent, recording a price of $11,175.70. Continue reading >>
Why Is The Ethereum Price Falling Today?
After a spike in value near the end of the year, cryptocurrencies across the board saw a massive drop. The Ethereum price seemed to be bouncing back, but saw a decrease in value of more than 5% today, and the reasons are so far unclear. It has been a rough couple of months for cryptocurrencies. In December, it appeared as if the Ethereum price showed no signs of slowing down, with these virtual investments across the board seeing highs that we had never seen before. This rise in Ethereum price brought in a lot of first-time investors who were, understandably, disappointed when the market proceeded to take a massive nosedive over the course of just a few weeks bringing cryptocurrencies right back down to where they were a few months before. The Ethereum price had shown signs of starting to increase, but today we saw a drop in the value reinforcing the idea that we can never be too sure of which how far and in which direction these cryptocurrencies will continue to move . Ethereum price, like the majority of cryptocurrencies, is largely tied to speculation. While traditional investments like stocks have their value determined by a real-world entity such as the performance of a company, cryptocurrencies have no such basis. As such, its very easy for the Ethereum price to rise and crash due to volatility that is inherent due to the crypto design. While the price has been all over the place over the past few years, The Ethereum price has generally trended upwards remaining at a massive increase since the same time last year despite the massive drop off we saw at the beginning of the year. Over the past few weeks, weve seen the price of most major cryptocurrencies start to recover, but this most recent drop reminds us that the current climate makes a market recovery anything Continue reading >>
Ether Price Outlook Gloomy After Again Falling Below $1k
Ether Price Outlook Gloomy After Again Falling Below $1K The price of ether, ethereum's native token, is likely to head south unless the bulls can quickly pull the price back over $1,160 levels, price chart analysis indicates. On Coinbase's GDAX exchange, ether hit a one-week low of $905 at 11:50 UTC today. A sharp recovery from the last week's low of $757 ran out of steam at $1,164 over the weekend. The subsequent drop to sub-$1000 levels has left a lower high (bearish action) on the charts. As of writing, the cryptocurrency is changing hands at $930 levels on GDAX exchange. ETH has depreciated by 8 percent in the last 24 hours, according to data from OnChainFX . Further, prices are down 20 percent from the weekend high of $1164. Still, the technical charts are now showing oversold conditions. The price charts indicate that ether will mostly likely erase the 22 percent gains made since last week's low of $757 in a slow and steady manner over the next couple of days. The above chart (prices as per Coinbase) shows: ETH left a lower high at the key 61.8 percent Fibonacci retracement level of $1,166.71 over the weekend. The decline witnessed in the following 24 hours yielded a bearish crossover between the 50-day moving average (MA) and 100-day MA (short-term average cuts long-term average from above). The rejection at 61.8 percent Fibonacci level indicates the corrective rally has ended and the bears have regained control. 50-day MA carries a strong bearish bias (sloping downwards), while the 100- and 200-day MAs are neutral. The relative strength index (RSI) shows scope for further losses (being below 50.00) and well short of the oversold territory (below 30.00). The daily RSI shows a triple top breakdown -like pattern, indicating potential for a sell-off back towards t Continue reading >>
Ethereum Classic Price May Reach A New All-time High Later Today
After yesterdays negative trading pressure, most cryptocurrency markets are showing some positive momentum as of right now. The Ethereum Classic price shows a lot of upward momentum as of right now, thanks to a solid 17.7% gain in the past 24 hours. Whether or not this means the Ethereum Classic price will surpass $40 or higher later today, remains a big question, though. Ethereum Classic Price is Looking Pretty Solid It has become rather evident most cryptocurrency markets will see a strong bounce throughout 2018. Even though it is unclear whether or not that means we will see significant increases in the coming days or weeks, the momentum is certainly turning in favor of cryptocurrencies once again. Especially in the altcoin department, things are looking up once again, which is positive news for the people speculating on the Ethereum Classic price as of right now. To put this into perspective, the Ethereum Classic price has risen by 17.7% in the past 24 hours. That in itself is a rather significant gain for any cryptocurrency, let alone an altcoin. This massive increase puts the Ethereum Classic price back above $38.4, and it is likely we will see it hit $40 in the coming hours. Reaching a new all-time high is not out of the question either, although the Ethereum Classic price will need to push past $45.51 to make that happen. It is also worth noting the Ethereum Classic price is rising thanks to solid gains in the ETC/BTC ratio. With Ethereum Classic rising by 12.11% in favor of Bitcoin, it is evident there is a lot more progress to be made in the future. After all, most altcoins are trying to decouple from Bitcoins volatility as of right now, yet very few of them are successful in doing so. Every new rise in the altcoin/BTC ratio will bring us one step closer to s Continue reading >>
Bitcoin, Ethereum, Ripple Prices Fall, $120 Bn Wiped Off Crypto Market - Business Insider
A vertical stack of three evenly spaced horizontal lines. * Copyright 2018 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Cryptocurrencies swing wildly on Friday, with bitcoin falling as low as $7,700 per coin before rebounding sharply. Ethereum, Litecoin, bitcoin cash, and Ripple all followed a similar pattern. Concerns over regulation, an advertising ban from Facebook, and investigations into the cryptocurrency tether have all hurt sentiment during European trading. UPDATE: Bitcoin is back below $8,000 per coin on the morning of Monday February 5. Click here for the full story. LONDON Cryptocurrency markets are swung wildly on Friday, after a major early morning crash gave way to an afternoon rebound. During European morning trade on Friday, the price of virtually every major cryptocurrency dropped more than 15% as investors remained spooked following bitcoin's fall below the key $9,000 support level on Thursday. "The wheels are coming off the bitcoin bandwagon," Neil Wilson, a senior market analyst with ETX Capital, said in an email this morning. "The regulatory crunch appears closer than ever and sooner or later this market could be headed back down to earth. Selling pressure at the moment is intense as there has been nothing but bad news for bitcoin bulls of late." Bitcoin crashed as low as $7,700 during the collapse, losing roughly 15% of its value at one point. Other major cryptos fell even further, with Ethereum down as much as 23% at one point. By the European afternoon, however, prices have bounced back sharply, and by 4.50 p.m. GMT (11.45 a.m. ET) bitcoin was actually in positive territory on the day, trading at $9,130. Although there was no immediately obvious catalyst for the rebound, it coincid Continue reading >>
Ethereum Is Kind Of Rising
Ethereum is kind of moving today. Like, a bit. The currency rose from $820 to $890 before shying away to $875 because presumably it got a bit scared of $900. That means it now stands where it was yesterday and the few days before for pretty much most of the week, but there was movement in the meantime, its not like nothing happened. And if we zoom in for the day we can see a nice higher highs and higher lows, but if we zoom out a bit its more of an up and down in a straight line. Thats because the market is consolidating and doesnt really know what to do. One minute it likes $900, the other minute it wants $800. Making it a fairly relaxing trading period as you can just buy at $800 and sell at $900. Thats until eth being eth makes you miss the boat or holding the bag. The story is similar for other digital currencies, including bitcoin, but trading volumes are slightly rising, although really they are kind of the same. Its just that finger tapping time and watching paint dry as bulls and bears eye each other in a chicken stare down with neither very sure whether they should charge. Eventually theyll decide, but for now they are being as unsure as the weather in London where it snowed for 20 minutes, and it even settled, to then instantly present clear blue skies with sunshine. You dont get this kind of sunshine even during summer, but it had to go and do it right when everyone was about to go play in the snow. Typical. Eth isnt being much different really. As soon as bulls get happy for 20 minutes we get bears out to play straight away with their ping pong paddles ready. So off to real news because nothing is happening here, but maybe soon-ish something will happen after breakouts are called for the thousandth time. Just no poking with a stick. Continue reading >>
Top 3 Ethereum Project Price Predictions For 2018
You might also like Litecoin Price Predictions 2018 I wrote this headline in June 2017, not sure if I should keep it when I will update the article next time. The price of an Ether should outperform that of a Bitcoin for the coming duration. What this means is that a dollar invested in Ether will return a higher ROI than investing the same dollar in Bitcoin. This indeed can be hard to believe in December 2017 when looking at Bitcoin price, but we all know that less than 4 weeks ago it was under $6,000. Most likely Bitcoin its being used by short term investors these days. In fact, the CEO of hedge fund Polychain Capital, Olaf Carlson-Wee, is of the opinion that the entire market capitalization of Ethereum will exceed that of Bitcoin by the end of this year. At least, thats his Ethereum price predictions for 2018. You can read here my BITCOIN PRICE Predictions for 2018 . There is plenty of evidence to support Olafs view. On the one hand, the previously mentioned 20-fold explosion of Ether in 4 months versus the 8.5 times growth of Bitcoin in a year and a half. Besides that, the fact that Bitcoin has lost almost half of its market share to Ethereum during the past four months. To put matters into perspective, four months ago, 90% of all money invested in cryptocurrency was invested into Bitcoin. Curiously, this number has dropped to somewhere around 45%. Conversely, Ethereums share of the total money invested has increased four times in size, making it approach the 30% area. Another indicator showing that Ether can overtake Bitcoin can be found by looking at whos backing each type of currency, as well as why they are backing said currency. Bitcoins focus on payment technology makes it popular with governments, such as Japans and Chinas governments. On the other hand, Eth Continue reading >>