Crypto Analyst Says Ethereum Market Is A “Ticking Time Bomb”, Here’s Why

Ethereum has recently taken hits along with the rest of the wider market. Numerous market dips and crashes have seen the digital asset crashing back down below $3,000 in recent weeks and this has left ETH in a struggling position. With momentum down, it looks like the market is headed for another bear market as cryptocurrencies are now recording lower lows and lower highs with each dip and recovery. Related Reading | JPMorgan Analysts Say That Big Money Are Dumping Bitcoin For Ethereum The asset had dropped below the $2,700 price…

Traders identify $41K as Bitcoin’s key support to hold for the short-term

Bitcoin faced another day of bearish pressure on Sept. 29 as the impact of China’s crypto crackdown and uncertainty about the regulatory landscape in the United States continue to weigh heavily on Bitcoin (BTC) and some of the larger-cap altcoins.  Data from Cointelegraph Markets Pro and TradingView shows that the early morning rally above $42,000 lost steam by midday as the price collapsed back near the $41,000 support level where bulls are now defending against a further price decline. BTC/USDT 4-hour chart. Source: TradingView Here’s a look at what traders…

Tehran Stock Exchange CEO resigns following discovery of Bitcoin miners in basement

Ali Sahraee, the chief executive officer of the Tehran Stock Exchange since 2018, has reportedly resigned after the discovery of cryptocurrency mining rigs in the building. According to a report from the country’s state-run media, the Islamic Republic News Agency, Tehran Stock Exchange, or TSE, market vice president Mahmoud Goudarzi will be leading the company following the departure of Sahraee. The change in leadership seems to be the result of “a number of miners” being discovered in the basement of the TSE building located in the district of Sa’adat Abad.…

Pawn Your CryptoPunk: A New NFT DeFi Lending Market Blooms

It’s like a pawn shop for NFTs. A startup blockchain project called NFTfi is allowing users to borrow against their non-fungible tokens in a new project that sits at the nexus of decentralized finance (DeFi) and the red-hot NFT market. NFTfi was created to allow users to mortgage their NFTs in exchange for other cryptocurrencies that can then be sold for cash. The service provides immediate liquidity to NFT holders who aren’t yet ready to part with their CryptoPunks or Bored Apes. The new offering hints at the growing demand…

Twitter Dev Shares Site’s Upcoming NFT Features

Share this article Mada Aflak, senior software engineer at Twitter, has shared a feature that allows users to set NFTs as their profile picture. Developer Demonstrates NFT Feature As promised, here is the first experiment. Feedbacks and ideas are welcome 🙂 https://t.co/TDyhibCXfG pic.twitter.com/2ifru9T2Pa — Mada Aflak (@af_mada) September 29, 2021 In a video, Aflak demonstrates the feature. Users will be able to edit their profile, connect a cryptocurrency wallet, and import their OpenSea collection. Then, they can choose an avatar from their collection of non-fungible tokens (NFTs) or cryptocollectibles. The…

Ascending Triangle Points Ethereum Toward Powerful Potential Climax

The cryptocurrency market is trending bearish on the short-term, keeping Bitcoin and Ethereum prices at bay after an enormous Q1 2021 rally. But there is no telling if the bull market is officially over, or if a bounce could materialize into a larger recovery. An ascending triangle pattern and long-term trend line could provide a clue as to what might happen next, and it just so happens to match a pattern from the last cycle that took Ether to its bull market peak. The Ethereum Fractal That Could Keep The…

Analysts Expect Higher Bitcoin Trading Volume in October — CoinDesk

Analysts are also concerned about rising inflation, which could stall the economic recovery from the coronavirus pandemic-induced recession of last year. For example, the rise in energy prices, considered volatile, has some analysts concerned about price instability. Slowing growth could present a headwind for equities and cryptocurrencies as investors position themselves for greater volatility and a reduction in monetary stimulus. Source link