Pinakabagong Balita sa Crypto at Market Updates

Can Ethereum (ETH) Hit $2.5K in Next Rally?

Ethereum　　Can Ethereum (ETH) Hit $2.5K in Next Rally？　　4 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Ethereum price retraced 7% over the weekend as markets reacted to potential sell-offs from Vitalik Buterin and the ETH Foundation. But with long-term holders standing firm, on-chain data gives hope of a positive ETH price prediction.　　Biglaan exchange deposits Vitalik Buterin and the Ethereum foundation sent ETH price into an early retracement shortly after clearing the $2,000 milestone on May 5. But a deeper dive into the on-chain data suggests bullish Ethereum price predictions are yet to be invalidated.　　The next ETH bull rally could test the $2,500. Here are 3 reasons why.　　Long-Term Holders Remain Confident　　Firstly, the conclusion of the Proof-of-Stake Merge on April 12, ETH price corrections have often been closely correlated with selling actions from Ethereums long-term investors. But this time, the data looks different.　　As Ethereum price dropped on Friday, long-term HODLing wallets largely remained unmoved. While ETH price retraced, the Mean Coin Age across the Ethereum network has risen on 3 consecutive trading days.　　Mean Coin Age evaluates the average days that all ETH coins in circulation have stayed in their current wallet addresses　　Looking at the chart below, while the price dropped 7%, ETH Mean Coin

2023-05-08Ethereum

Ethereum Gas Skyrocketing as Trader Paid 64 ETH in Fees, Whats Happening?

Ethereum　　Ethereum Gas Skyrocketing as Trader Paid 64 ETH in Fees, Whats Happening？　　2 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Godfrey Benjamin　　One Ethereum transaction cost 64 ETH as gas fees return to record highs　　The Ethereum (ETH) blockchain network is giving traders enormous concerns at this time as the incidence of skyrocketing gas fees appears to be returning. According to a shared insight from crypto analytics service provider WhaleAlert, one trader paid as much as 64 ETH worth approximately $118,600 at the time of writing in fees for a single transaction.　　The high gas fee is not a new thing on the Ethereum network; however, it is notably rare since the transition from the proof-of-work (PoW) protocol to proof-of-stake (PoS) through The Merge. While not an immediate dividend, the high gas fee was one of the major considerations for transitioning the protocol to PoS. The rationale is that a different transaction validation method can help in decongesting the network effectively.　　With the high gas fees being recorded at the moment, the opposite appears to be the case. The cause may be linked to the massive meme coin hype that stirred intense network activity, causing a clog during the weekend.　　This network activity reached a peak when

2023-05-08Ethereum

Ethereums withdrawals are rising amid price drop

Ethereum　　Ang mga withdrawal ng Ethereum ay tumataas sa gitna ng pagbaba ng presyo　　2 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　magbahagi　　The number of ethereum (ETH) withdrawals from exchanges has constantly risen over the past week as the assets price plunges from local highs.　　According to data provided by crypto.news, the ETH price dropped by 3% in the past 24 hours. Ethereum is trading at $1,850 at the time of writing. The second-largest cryptocurrency is also down by over 8% from its local high of $2,008 on May 6.　　Moreover, the number of ethereum withdrawals from exchanges reached roughly 4,405, marking a 14-month high last seen in March 2022, according to data provided by Glassnode.　　Per the tweet, the same behavior was seen in December last year, when ETH was trading at around $1,250.　　On the other hand, Glassnode data also shows that the amount of ETH supply active between one and two years on a one-day median average has reached over 41,090,025 coins, marking a new all-time high (ATH).　　According to a crypto.news report on May 7, the number of ETH deposits to centralized exchanges (CEXs) witnessed a sudden spike, triggering a short selling pressure on the platforms.　　Furthermore, despite the assets price drop, the fees on

2023-05-08Ethereum

Whale Moves Over $154,000,000 Worth of Ethereum in One Massive Transfer – Here’s Where the Crypto Is Going

crypto Ethereum　　Whale Moves Over $154,000,000 Worth of Ethereum in One Massive Transfer – Heres Where the Crypto Is Going　　1 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　A mysterious Ethereum whale is suddenly on the move, shifting tens of thousands of ETH in one big transaction.　　The blockchain-monitoring service Whale Alert initially spotted the large Ethereum transfer.　　According the Whale Alert, the investor with deep pockets relocated 80,000 ETH worth $154.58 million from a wallet of unknown origin to crypto exchange Binance.US.　　Blockchain data also shows that the large entity shelled out less than $4 in ETH to process the multi-million-dollar transaction.　　Whale Alert also caught a handful of large Ethereum transactions over the weekend.　　One whale relocated 19,093 ETH worth $36.81 million from an unknown wallet to US-based crypto exchange Coinbase. Whale Alert reveals that the whale paid $4.20 to move the large ETH stack.　　Whale Alert din sinusubaybayan the movement of 15,000 ETH worth over $30 million from a wallet controlled by the Ethereum Foundation to crypto exchange Kraken. The Ethereum developer paid more than $11 to move the ETH trove.　　In another transfer, a deep-pocketed investor lumipat 12,800 ETH worth $25 million from a wallet of unknown origin to Coinbase. The whale paid less than $11

2023-05-08Ethereum

Ethereum Price Just Signaled “Sell” And It’s Vulnerable to More Losses

Ethereum is moving lower from the $1,940 resistance zone.　　Ang presyo ay kinakalakal sa ibaba $1,900 at ang 100-oras na Simple Moving Average.　　Mayroong isang pangunahing linya ng takbo ng alon na bumubuo na may pagtutol na malapit sa $ 1,900 sa oras-oras na tsart ng ETH / USD (data feed sa pamamagitan ng Kraken).　　Ang pares ay maaaring magpatuloy na lumipat pababa kung mayroong malinaw na paglipat sa ibaba ng $1,840.　　Tumama ang Presyo ng Ethereum　　Ethereums price struggled to clear the $2,000 resistance zone and started a fresh decline. ETH traded below the $1,920 and $1,900 support levels to enter a bearish zone, similar to Bitcoin.　　The price even traded close to $1,840. A low is formed near $1,843 and the price is now consolidating losses. It is trading below $1,900 and the 100-hourly Simple Moving Average. There is also a major bearish trend line forming with resistance near $1,900 on the hourly chart of ETH/USD.　　Immediate resistance is near the $1,890 level. It is close to the 50% Fib retracement level of the recent decline from the $1,936 high to the $1,843 low.　　The next major resistance seems to be forming near the trend line and $1,900. The main resistance is near $1,915 or the

2023-05-08Ethereum

Red-Hot Memecoin Pepe Could Have Much Further To Run if One Pattern Plays Out: Top Trader

Kabuhayan　　Ang Red-Hot Memecoin na Pepe ay Maaaring Magkaroon ng Higit pang Tatakbo kung Isang Pattern ang Maglaro: Nangungunang Trader　　12 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　A widely followed crypto strategist believes that scorching-hot memecoin Pepe (PEPE) could witness more rallies if it continues to follow in the footsteps of a tech stock that exploded during the Covid pandemic.　　Psuedonymous analyst Kaleo tells his 585,000 Twitter followers that Pepe‘s recent eruption is reminiscent of Zoom’s (ZM) price action in early 2020, when the tech stock soared over 800% in less than 12 months.　　According to Kaleo, Zoom traded below a diagonal resistance before its meteoric ascent, which he notes looks similar to Pepes current market structure on the lower timeframes.　　Source: Kaleo / Twitter　　Kaleo goes on to say that PEPE has already managed to take out the diagonal resistance after printing a new all-time high of $0.00000431.　　Source: Kaleo / Twitter　　Looking at Kaleos charts, it appears that he sees PEPE rallying close to $0.000007 before topping out and reversing its trend.　　At time of writing, Pepe is trading for $0.00000296, suggesting an upside potential of over 130% should the memecoin hit Kaleos target.　　Pepe, the 42nd-largest crypto by market cap, is one of the hottest altcoins as

2023-05-08Industriya

Kazakhstanian Tenge Pulled for Crypto-Mining Tax: $7 million

crypto　　Ang Kazakhstanian Tenge ay Nakuha para sa Crypto-Mining Tax: $7 milyon　　10 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　The government of Kazakhstan fetches a lump sum amount of 3.07 tenge (approximately $7 million). The tax collected by the government came from crypto mining firms and businesses in 2022. It tends to obey the amendments in the crypto market lawfully for regulating it and passing the monetary burden as per local media news reports.　　Kazakhstan is directed to 75% of revenue sales from crypto mining for taxes. On February 6, President Kassym-Jomart Tokayev signed a law and restored the nations stand opposite to the illegitimate mining operations and crypto assets distribution.　　Globbed Kazakhstan‘s Tenges in Government’s Hands　　Kazakhstan stands in the top Bitcoin mining pivots in the world. Kazakhstan contributed 13.22% of the total Bitcoin hash rate till January 2022. According to Cambridge Centre for Alternative Finance, the Series is led by the U.S. with 37.84%, followed by China at 21.11%.　　Mining fees based on governmental data of 2023 till April 27 amounted to 240 million tenges, approximately $541,463. The Kazakhstan government closing the miner down gave the reason for saving energy. Genuine reasons were clear as per the reports that the amount from the miners

2023-05-08Industriya

Success of BRICS Would Hurt US Living Standards and Diminish America’s Global Standing: Ex-JPMorgan Executive

Teknolohiya　　Success of BRICS Would Hurt US Living Standards and Diminish Americas Global Standing: Ex-JPMorgan Executive　　9 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Veteran investor Jon Wolfenbarger says that the success of BRICS could have serious effects on the US dollar and the living standards of Americans.　　Wolfenbarger, a former investment banker at JPMorgan and Allianz, writes in a new article for the Mises Institute that throughout history, all empires have ultimately failed, and the US likely wont be an exception.　　He says that BRICS nations, which refers to the economic coalition of Brazil, Russia, India, China and South Africa, now have the power to dethrone the US after decades of irresponsible economic policy by the American government.　　Says Wolfenbarger,　　The investor, who founded investment research service Bull And Bear Profits, says that BRICS nations still have a big hill to climb if theyre serious about competing with the greenback.　　According to Wolfenbarger, the BRICS can forget about taking the USDs hegemony if it plans on creating another fiat currency that is created out of thin air.

2023-05-08Industriya

China’s Gold Splurge Reaches Sixth Month as Reserves Rise Again

Kabuhayan　　Chinas Gold Splurge Reaches Sixth Month as Reserves Rise Again　　7 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　(Bloomberg) — China added to its gold reserves for a sixth straight month, extending a flurry of purchases as central banks around the world expand their holdings of bullion amid escalating geopolitical and economic risks.　　Karamihan Basahin mula sa Bloomberg　　China raised its gold holdings by about 8.09 tons in April, according to data from the State Administration of Foreign Exchange on Sunday. Total stockpiles now sit at about 2,076 tons, after the nation increased reserves by about 120 tons in the five months through March.　　Central banks have purchased large amounts of gold in the past year to diversify assets, as well as to protect reserves from the impact of a weakening dollar and rampant inflation. While inflows moderated in the first quarter of 2023, volumes were still at historically elevated levels, according to the World Gold Council. Singapore, China and Turkey were among the biggest buyers.　　The voracious appetite for gold has helped prices scale near-record highs as markets fret over a slowing US economy and signs of persistent credit stress. Geopolitical risks stemming from increasingly fragile Sino-American relations are also boosting the safe-haven appeal of

2023-05-08Industriya

Insiders Pour Millions Into These 2 ‘Strong Buy’ Stocks — Here’s Why You Might Want to Steer Toward Them Too

Kabuhayan　　Insiders Pour Millions Into These 2 ‘Strong Buy’ Stocks — Heres Why You Might Want to Steer Toward Them Too　　5 minuto ang nakalipas　　Balita ng Ethereum ng Bitcoin　　Trying to navigate the ups and downs of the stock market and predict its future direction can seem like a complicated and daunting task. But as with almost anything, keeping it simple is often the key. And one of the most straight forward strategies is to keep an eye out for the insiders moves.　　After all, these corporate officers are privy to their companies inner workings. So, when an insider is seen picking up shares of the company they work for, especially in bulk, it sends a clear signal that they believe the time is right for loading up.　　To keep the playing field level, those in the know are required to make their purchases public and TipRanks‘ Insiders’ Hot Stocks tool offers a way to follow all the latest insider transactions.　　Against this backdrop, we‘ve delved into the platform to get the lowdown on a pair of stocks that insiders have been investing heavily in recently. They have poured millions into these names, and to add to the appeal, both stocks are rated as Strong Buys

2023-05-08Industriya

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