Ethereum Classic Eyes $65 After Surpassing The $60 Resistance Level

The live Tezos price today is $4.05 USD with a 24-hour trading volume of $144,399,787 USD. The current CoinMarketCap ranking is #41, with a live market cap of $3,526,160,290 USD. It has a circulating supply of 871,380,862 XTZ coins and the max. Convert 8.5 Ethereum to US Dollar from World to United States. currency converter uses exchange rates that are updated every 5-10 minutes. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of Bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls this cryptocurrency and everyone can take part. Bitcoin price grew significantly within a short period of time making the BTC/USD pair quite popular among active traders and investors.
According to on-chain data provider Santiment, another positive signal for ETH/USD short term is the Mean Dollar Invested Age metric. This is a price prediction metric that looks at the age of invested fiat in ETH. As per the platform, the indicator has continued to drop to suggest more inflows. Investors should «wait until tomorrow’s close to decide whether to reduce exposure and manage risk of a more prolonged pullback,» Fairlead Strategies managing partner Katie Stockton told CNBC. Ideally, what we would like to see is a solid confirmation of the three-bar bull reversal pattern of Nov 28.
Since those ways to transfer money are the most popular now, you are free to buy Ethereum with EUR by credit card. Our cryptocurrency predictions are made by Machine Learning & AI, and shouldn’t been used for financial decisions. Bitfinex has a bespoke offering expertly tailored to meet the specific needs of professional and institutional traders including sub-accounts, expedited verification, and dedicated customer support. Liquidity providers can generate yield by providing funding to traders wanting to trade with leverage. Funding is traded on an order book at various rates and periods. Israel on Monday added the United States to its «no-fly» list, citing concerns over the spread of the COVID-19 Omicron variant. This service is created to help people convert their currencies and track the dynamics of currency changes. The election is still not over and the tension still remains, especially over Biden’s stimulus plans and Trump’s lawsuits, hence the price of Ethereum might as well continue to grow. One analyst explained in a recent tweet that he believes the cryptocurrency may plunge towards $295 before it can climb any higher.

The coin had been knocking on the resistance on numerous occasions over the past week and finally managed to close a daily candle above it as it reached above $1500 yesterday. Ethereum price is also rising and trading above USD 4,200. ETH is now facing resistance near the USD 4,250 level. A clear break above USD 4,250 could set the pace for a larger increase.
He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013. Founded in 2015, has become one of the leading resources for the crypto asset community. After reviewing the blockchain’s current economic trend, long-term Ethereum investors reinstated their bullish sentiment on the top smart contract platform’s native currency. Glassnode revealed that the second-largest blockchain is close to burning 1 million ETH tokens. The EIP-1559 update, which went live on August 5, has removed over 955,000 Ether from the total circulation. The on-chain crypto market analysis and insights provider predicted ETH burning to top 1 million soon.
Trading cryptocurrencies is not supervised by any EU regulatory framework. Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. Global equity markets are sliding as investors fear spreading risk from a shakeout in China’s property market tied to highly indebted developer Evergrande. Investors are also focused on the Federal Reserve and whether it will signal its readiness to start removing monetary stimulus from the economy. The central bank will begin its two-day meeting Tuesday. It was last down more than 7% at $43,790.25, according to Coin Metrics. The broader crypto market was in the red too, with ether down 8.5% to $3,060.80, as were crypto-adjacent stocks. Coinbase and Microstrategy lost 3.5% and 4%, respectively, while Square slipped by 2%. In crypto mining stocks, Riot Blockchain fell 6% and Marathon Digital fell 5%. The price of bitcoin dropped sharply Monday as investors began shedding risk amid a global equity markets decline.


As a result, only a considerable upward push could eliminate ETH’s stagnation against BTC and kickstart the next leg of the rally for the second-largest cryptocurrency. DAI has a value proposition in its own right; the internal decentralized, permissionless, stable currency of Ethereum. The fact that 1 DAI is pegged to the Dollar is an afterthought… a means to an end… a necessary evil…. It doesn’t matter what the peg is, just that it is there. The only thing that matters is that the peg’s rubber band is reasonably tight to not create poor user-experience based on its flexibility around the peg, but not so tight that the rubberband snaps. Managing the rubberband is the job of MKR token holders. Instead of going from $100 to $200, Ethereum sees itself going from 105 DAI –210 DAI (If DAI is trading at $0.95).

Crypto outlook: Ether ‘flippening’ will happen mid-2022: fund manager – Markets Insider

Crypto outlook: Ether ‘flippening’ will happen mid-2022: fund manager.

Posted: Sun, 07 Nov 2021 07:00:00 GMT [source]

Ethereum reached an all-time high of $4,674 USD on Wednesday while Solana soared to a record $247 USD, according to Coingecko. While 80% of this initial supply went to investors, 20% was split equally between the Tezos Foundation and Dynamic Ledger Solutions. Our data shows that 743,862,304 XTZ are in circulation at the time of writing. He and his wife Kathleen founded a startup called Dynamic Ledger Solutions which was tasked with writing the code that would underpin the Tezos protocol. This company was subsequently purchased by the Tezos Foundation to ensure that it owned all of the intellectual property rights relating to the network. You can find others listed on our crypto exchanges page. Two key infrastructure elements of Codefi Staking’s platform are provided by Teku and Web3 Signer; both of which are partner teams inside ConsenSys. Codefi Staking maintains a close relationship with these teams, and opens direct discussions when an issue arises in order to successfully resolve quickly.

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This could subject them and their operators to heavy regulation. Fundstrat’s Tom Lee said the sell-off is showing how much investors have come to value 24-hour liquidity since the start of the «Covid era.» At third, ETH/USD is still liquid though it is down 8.5 percent in the last week and down seven percent in the last day. Many altcoins are up over 8%, including SCRT, CRV, NEAR, ALGO, ICP, MINA, FTM, COMP, ONE, TEL, CHZ and ENJ. Out of these, SCRT rallied 34% and surpassed the USD 8.5 level. Bitcoin miners are showing “remarkable resistance” against their China dumping, already getting back to regular scheduled programming. Enter the amount to be converted in the box to the left of Binance Coin. Use «Swap currencies» to make Ethereum the default currency.
Litecoin to Bitcoin
For users who are able to leverage web 3 wallet like MetaMask and stablecoins like Dai, Uniswap serves as a reliable DEX for quickly swapping ETH at market rates. Coinbase offer a narrower selection of cryptocurrencies than many other exchanges, but make up for this with their excellent reputation and onboarding experience. For Dai to be created, users over-collateralize loans with collateral like Ether. As a stablecoin, Dai is a natural hedge against the usual volatility of the rest of the crypto market.


However, sellers will remain active until the pair closes above the 50-day moving average wave. $5,200 remains as the next psychological upside target. Ether’s recent momentum against Bitcoin corroborated the returning upside outlook. As per analysts, a breakout is all it will take to eliminate all possible bearish biases. Ethereum blockchain is close to burning 1 million ETH tokens, worth over $4 billion. Recieve This Week in DeFi delivered every Friday directly to your inbox. Alejandro is a blockchain writer and consultant who has been involved in the space since early 2016. Being extremely passionate about this emerging technology, he has written content for a myriad of projects and news outlets. Most DeFi platforms will automatically liquidate your debt position if its value drops below a certain threshold in dollar value. If you see the value of your collateral falling, most platforms will allow you to lock up more collateral to save your position.
8.5 eth to usd
It cited a few reasons why the digital asset beats out Bitcoin in this regard. All financial products traded on margin carry a high degree of risk to your capital. They are not suited to all investors and you can lose more than your initial deposit. Please ensure that you fully understand the risks involved and seek independent advice if necessary. For further information, please see our full Risk Disclosure, Terms of Business, and Privacy Policy. Gold fell to a 2-week low as the dollar picked up, while stocks dropped following data showing stronger than expected producer price inflation in November ahead of Wednesday’s Fed meeting. The British pound and euro jumped on Thursday as the Bank of England lifted rates and the ECB signalled an end to stimulus. The Satoshi is currently the smallest unit of Bitcoin available. All other units are still available, so there are tons of Bitcoin conversion pairs to choose from.

Launched in July 2019, Helium is a decentralized wireless network that allows low power smart devices to send and receive data to the internet. Miners earn HNT for providing network coverage and relaying data to the internet using hardware called a Hotspot. Anyone can become a validator and contribute to the smooth running of the network by making a security deposit. To incentivize honest behavior, rewards are given to those who work in the best interests of the blockchain — and those who act dishonestly risk losing their stake altogether. The Bitfinex REST and Websocket APIs are designed to facilitate access to all features of the Bitfinex platform, allowing full integration with traders’ own products and platforms. Bitfinex allows up to 10x leverage trading by providing traders with access to the peer-to-peer funding market. By rallying past the $60 resistance level, Ethereum Classic could continue its upward movement and top the $65 mark over the next few hours. ETC has outperformed ETH since the start of the year.
8.5 eth to usd
The Ethereum Classic team has been giving away e ETC Punks nonfungible tokens since yesterday, and that has drawn more attention to the cryptocurrency. Various cryptocurrencies have been rallying since the start of the week, and Ethereum Classic is currently outperforming numerous other coins. Our money converter uses the average data from International Currency Rates. Ethereum perma-bull “Wolfofethereum.eth” speculated that “the $ETH show is just getting started,” highlighting that Ether has outperformed BTC by 185% over the past 12 months. BTC spiked into new highs on Dec. 16, gaining 10% in one day from $19,140 to $21,340. Dec. 17 has seen BTC extend the rally by a further 4% so far, with the market currently searching for support near $21,800 after posting a local top of $22,160. Investors and traders are still looking to make the best out of the trading of this token against the US Dollar as ETH/USD shows signs of new highs. METAMUSK Token from Musk Metaverse could possibly be the latest cryptocurrency scam in the market, as the MetaMusk price…


Read more about ETH to USD here. PILANI ( – Ethereum’s ETH burning feature activated by the London hard fork upgrade took 950,000+ coins out of supply. According to the latest data, the largest smart contract blockchain will have burned 1 million ETH in the next few days. Similarly, Dai can be used to purchase other cryptocurrencies, providing an opportunity for additional exposure to the wider crypto market if you expect prices to rise. Now you can use this calculator to do Bitcoin conversions like BTC to EUR and EUR to BTC. You could even convert something like EUR to USD and see what the rate looks like using Bitcoin as the base currency.
8.5 eth to usd
Encouragingly for buyers, the bullish technical view suggested by the charts is likely to coincide with a spike in institutional inflows, adding fuel to the anticipated surge in Ethereum’s value. «That doesn’t mean bitcoin can’t go down with stocks – and I agree that it often does – but I think it goes down differently than stocks,» he told CNBC. Bitcoin prices fell sharply amid the global sell-off in equities. Ethereum finally penetrated resistance at $1390 yesterday, the roof of a symmetrical triangle pattern.
Alpha Wave Global, Tiger Global, and SoftBank Vision Fund 2 led the startup’s $325 million Series G financing round. So far, in 2021, ETC has rallied by more than 990%, surpassing the 559% recorded by Ether. Bitcoin, on the other hand, has surged by more than 150% year-to-date. ETC is down by more than 60% from the all-time high of $167 it attained in May this year.

  • Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality.
  • As all the developers build the Ethereum Money Lego Playset, DAI will continue to get integrated and absorbed by various platforms.
  • This accounts for roughly 13 percent of the circulating supply.
  • Discover more about our most advanced Algorithmic orders types.

We will never sell or distribute your data to any third parties. A breakdown to the uptrend line could signal a bearish flip if sell-side activity increases. In such a case, Ethereum’s price could drop to the 20-day EMA ($1,282). Although this zone provides a robust cushion, another downturn here might herald another freefall to the 50-day EMA ($1,079). A bullish flag pattern confirmation could send prices towards the coveted $2,000 level.
Bitcoin traded above $50,000 earlier this month, topping a key psychological resistance level for trader. Now, however, the cryptocurrency is below its 50-day moving average of $46,514, which analysts and traders look to for a change up or down and to get a sense of the intermediate-term trend. Many people have argued that bitcoin is most useful as a safe-haven asset, but that narrative could be changing as people realize its price often goes down with broader declines in risk assets. Bitcoin’s rally this year has coincided with the risk-on rally and, much like stocks, the cryptocurrency is prone to sharp declines in September. The Helium price page is part of Price Index that features price history, price ticker, market cap and live charts for the top cryptocurrencies. Download the Phemex mobile App to trade crypto and trade derivatives on the go.
Bitfinex offers order books with top tier liquidity, allowing users to easily exchange Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO and many other digital assets with minimal slippage. Ethereum Classic has struggled to move past the $60 resistance level despite the broader cryptocurrency rallying higher. However, it is now up by 8.5% against Ether and 12.3% against Bitcoin. Phemex is a professional and trustworthy global cryptocurrency and derivatives trading platform. Analysts believe that this may mark the start of a further-reaching decline, which could send ETH and other major digital assets reeling significantly lower in the mid-term. Earlier this morning, the cryptocurrency’s price dived to lows of $332 before it was able to find some strong support, at which point it was able to rebound up to highs of $360. JasmyCoin , an IoT token for data security and sharing services, printed conflicting technicals on its daily chart. But the setup has remained the same for quite some time.
Click on Ethereums or Binance Coins to convert between that currency and all other currencies. In other news, WorldCoin wants to give everyone free crypto in exchange for eye scans. Ethereum now has a market cap of $540 billion USD, while Solana’s market cap sits at $72 billion USD. Both coins have jumped in value over the last 7 days. Working with the baking community, the team developed a baker reliability index that features 10 key indicators. This index will provide you with all the necessary info you need to choose a reliable public baker.
Once other clients achieve institutional-grade standards however, the Codefi Staking team intends to integrate in order to ensure optimal attestation performance. Take a look at the list we have prepared for you for a quick and smart start. The Bitfinex mobile app adapts the full functionality of the Bitfinex platform for seamless ‘on-the-go’ trading. UNUS SED LEO provides utility for those seeking to maximize the output and capabilities of the Bitfinex trading platform. Bitfinex offers a suite of order types to give traders the tools they need for every scenario.

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