Cryptocurrency Pairs to Watch: BTC, ETH, XRP

Bitcoin (BTCBTC) has reached the $41,250 resistance area.  Ethereum (ETH) is trading inside a symmetrical triangle. XRP (XRP) is following a descending resistance line. Curve DAO Token (CRV) and SHIBA INU (SHIB) have broken out from descending resistance lines. Chiliz (CHZ) is attempting to reclaim the $0.38 resistance area. Monero (XMR) is following an ascending support line. BTC Yesterday,...

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New Carbon-Neutrality Share Class: One River Digital, a Crypto Fund Offering Exposure to Bitcoin and Ether (ETH)

Institutional investors have been showing a stronger appetite for investments in Bitcoin that can be carbon-neutral. They want such an investment solution to come from One River Digital Asset Management. One River Digital, a company that focuses on Bitcoin and Ether (ETH), announced Wednesday that most people in their fund with money have chosen to switch to a new share class. This new share...

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Bitcoin Market Continues to Show Weakness While Range Trading

The cryptocurrency market is still choppy. Prices are weak and people are trading in the same place. There was a big outflow of Bitcoin this week, but it was not as bad as many other times. A total of 39,040 BTC were withdrawn from one company. Most of these coins were taken from Kraken (29,700 BTC), but it could have been a transfer within the company. It is also possible that they just wanted...

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Price analysis 6/7: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, ICP, BCH

United States Treasury Secretary Janet Yellen defended President Joe Biden’s latest spending package. She said it would be “a plus” for society even if it resulted in a higher interest rate environment. If rates go up, traders will try to find ways to protect their money. Gold, for example, is down 2.5% so far this year while Bitcoin (BTC) is up 22%. Even after the big drop in...

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Bitcoin: Stabilizing Around $45K?

Bitcoin has gone down to a new low. It has come back up and is above $45,000. Other coins have also recovered some ground and the total value of the crypto market is over $2.1 trillion. Bitcoin Stabilizing Around $45K? The past few days have not been good for the cryptocurrency. After some controversial things that were said on Twitter by Elon Musk, who is the CEO of Tesla, it’s price fell...

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Ethereum Co-Founder Destroys 90% of Shiba Inu Tokens

Vitalik Buterin threw away 90% of the fake coins that were in his wallet. He promised to donate another 10% to charity. Ethereum co-founder Vitalik Buterin burned 90% of the Shiba Inu tokens that were stored in his wallet by sending them to a non-existent address. In total, Buterin destroyed 410 trillion tokens worth $6.5 billion. Earlier, the developers of Shiba Inu sent 505 trillion tokens to...

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Coinbase Plans to List Dogecoin, Bitcoin Seeks Direction

Bitcoin (BTC) is looking for a direction. In the past few weeks, Ether and other cryptocurrencies have moved back up from the May 13 sell-off. Dogecoin had a big rally after Coinbase announced that they would list it soon. Elon Musk helped by tweeting that he was working with the Doge developers to improve system transactions. Many altcoins had a price increase during the recovery. Bitcoin did...

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Binance Temporarily Suspends ETH and ERC-20 Withdrawals

Just now, the major crypto trader Binance tweeted that they will suspend withdraws of Ethereum and all tokens based on its ERC-20 standard. They are doing this for a while because they need to take care of their wallet. This will happen from 8 a.m. to 9 a.m. This trade is important because it will allow trading and deposits to keep happening. This is the third time that Binance has shut down...

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The Rise of Ethereum – Deribit and the Digital Currency Futures Market

Ethereum options volume surpassed bitcoin’s last week. This happened on a digital currency derivatives exchange called Deribit. They introduced the option to sell $50k worth of Ethereum for March in 2022. People want this because they can make a lot more money from it than if they sold at the current price now. Ethereum Options Volume Grows Exponentially, $50K Strike Flexes Muscle A...

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Shiba Inu Token Pushes Ethereum Network Commission

The rise in commissions is because of the popularity of the Shiba Inu token. This new type of money is like a digital coin. The average commission per transaction on the Ethereum network rose from $9.8 to $65 in May. According to TrustNodes, the rise in fees comes when people buy and sell the Shiba Inu token on a website that trades it. The Shiba Inu token was listed on a website called Binance,...

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An Update on Bitcoin: Current Price and Technical Analysis

In the morning, BeInCrypto will tell you about things in the crypto world that might have happened at night while you were sleeping. Bitcoin update Since April 25, Bitcoin has been going up and is now at a high of $48,700. Last week it didn’t go any higher than that but the technical indicators are mixed. The MACD is decreasing and the Stochastic oscillator could be going down also but it...

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JPMorgan: Ethereum should be 75% cheaper than it is now

The investment bank believes that the fair price of the altcoin is $1 thousand. The price of Ethereum is $4,000. Analysts at investment bank JPMorgan believe that the price should be $1,000. Over the last month, it has grown by 89%. The total capitalization is now $469 billion. Analysts at JPMorgan say that the altcoin is worth about $1,000. They do this by looking at how much processing power...

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