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Bitcoin, Ether up as China reopens post-Covid clampdown, but concerns remain

29Dec

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Technology

Bitcoin, Ether up as China reopens post-Covid clampdown, but concerns remain

[ad_1] The day has started flat for cryptocurrencies as Bitcoin was higher. The day has started flat for cryptocurrencies as Bitcoin was 0.12% higher at $16,560 and Ether was up 0.3% at $1,193.40. However, crypto investors should know that both Bitcoin and Ether are on track for a decline of over 60% in 2022. Meanwhile, the US dollar shaved off some gains on Thursday. Treasury yields WERE higher overnight, though investors remained on edge going into the year end as initial optimism over China's reopening fizzled, Reuters reported. While China has removed its quarantine rule for inbound travellers beginning January 8, the United States, Japan and India have clamped down and insist that they would require COVID tests from anyone arriving from there. The world was caught by surpr...

Crypto Winter Spurs Delisting of Bitcoin, Ether ETFs in Australia

2Nov

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Technology

Crypto Winter Spurs Delisting of Bitcoin, Ether ETFs in Australia

[ad_1] A clutch of crypto exchange-traded funds launched with much fanfare in Australia are headed for delisting. A clutch of crypto exchange-traded funds launched with much fanfare in Australia are headed for delisting, becoming the latest casualties of the this year's digital-asset rout. The management teams behind the Cosmos Purpose Bitcoin Access ETF, Cosmos Purpose Ethereum Access ETF and Cosmos Global Digital Miners Access ETF applied to revoke their quotations on the exchange run by Cboe Australia Pty. Cosmos Asset Management was part of the race to roll out the first crypto ETFs in Australia earlier this year. But a $2 trillion slump in digital assets over roughly the 12 months has dulled investor ardor for virtual coins. “While we strongly believe in the asset class, w...

Bitcoin Tests Almost 2-Year Lows; Ether Extends Post-Merge Slide

23Sep

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Technology

Bitcoin Tests Almost 2-Year Lows; Ether Extends Post-Merge Slide

[ad_1] Cryptocurrencies lingered near almost two-year lows as digital-asset investors sought a fresh catalyst. Cryptocurrencies lingered near almost two-year lows as digital-asset investors sought a fresh catalyst with central bank rate increases depressing demand for riskier assets. Bitcoin, the largest token by market value, fluctuated around $19,000 for a third day. Earlier, it slid as much as 4% toward levels last seen in late 2020. Second-biggest coin Ether continued to underperform, shedding 3%, and it is now down about 20% since a much-touted network upgrade last week. Markets are shuddering at the Federal Reserve's determination to fight inflation by constricting financial conditions. Shorter maturity Treasury yi...

Bitcoin Erases Drop Sparked by US Fed’s Warning of Rate-Hike Pain

22Sep

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Technology

Bitcoin Erases Drop Sparked by US Fed’s Warning of Rate-Hike Pain

[ad_1] Cryptocurrencies fought off declines triggered by another large US Fed interest-rate hike, though sentiment remained cautious. Cryptocurrencies fought off declines triggered by another large Federal Reserve interest-rate hike, though sentiment remained cautious given the central bank's warning of economic pain ahead from tightening policy. Bitcoin, the largest token, was about 1.2% higher as of 10:50 a.m. in London on Thursday after earlier sliding as much as 4% toward levels last seen in 2020. Second-biggest coin Ether continued to underperform, shedding 2%. Markets are shuddering at the Fed's determination to fight inflation by constricting financial conditions. Shorter maturity Treasury yields jumped more than ...

Ether Outlook Darkens in Charts Capturing Hangover After the Merge

20Sep

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Technology

Ether Outlook Darkens in Charts Capturing Hangover After the Merge

[ad_1] The fanfare over a revamp of the Ethereum blockchain is still echoing across the cryptoverse but that’s doing little to stem a slide in Ether. The fanfare over a revamp of the Ethereum blockchain is still echoing across the cryptoverse but that's doing little to stem a slide in Ether.The network's native token is down 10% since the most commercially important digital ledger last week implemented an upgrade to slash energy use. The second-largest virtual coin had rallied from mid-June on hype around the software update known as the Merge, but that's fizzling now the shift is done. It's down some 63% this year, a bruising period for cryptocurrencies. Crypto and many other assets are also quivering ahead of what's likely ...

Ether Price Falls as Ethereum Revamp Turns Into ‘Sell-the-News’ Event

16Sep

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Technology

Ether Price Falls as Ethereum Revamp Turns Into ‘Sell-the-News’ Event

[ad_1] Ether led digital assets lower after a groundbreaking software upgrade of the token’s underlying network turned into what some market observers labeled a “sell-the-news” event. Ether led digital assets lower after a groundbreaking software upgrade of the token's underlying network turned into what some market observers labeled a “sell-the-news” event. The second-largest token dropped as much as 3% on Friday and was trading around $1,475 as of 8:33 a.m. in Tokyo following a more than 6% slide Thursday. Ether is paring a rally since mid-June sparked in part by optimism about the Ethereum update -- the Merge -- to slash the network's energy use. “Now the excitement around the Merge is done, and we don't have a cataly...

Hard-Hit NFTs See Surge in Sales After Ethereum Merge

16Sep

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Technology

Hard-Hit NFTs See Surge in Sales After Ethereum Merge

[ad_1] The price of the world’s second-largest cryptocurrency by market value, Ether, and other digital assets are down, but it’s a different story for nonfungible tokens following the long-awaited upgrade of the Ethereum blockchain. The price of the world's second-largest cryptocurrency by market value, Ether, and other digital assets are down, but it's a different story for nonfungible tokens following the long-awaited upgrade of the Ethereum blockchain. Sales and prices of NFTs have surged, according to crypto data tracker DappRadar. The upgrade, known as the Merge, also seems to have benefited marketplaces that sell NFTs based on Ethereum, which is the most popular blockchain for this type of token. One of the top NF...

Ether Falls as Ethereum Revamp Turns Into ‘Sell-the-News’ Event

16Sep

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Technology

Ether Falls as Ethereum Revamp Turns Into ‘Sell-the-News’ Event

[ad_1] Ether led digital assets lower after a groundbreaking software upgrade of the token’s underlying network turned into what some market observers labeled a “sell-the-news” event. Ether led digital assets lower after a groundbreaking software upgrade of the token's underlying network turned into what some market observers labeled a “sell-the-news” event. The second-largest token dropped as much as 3.8% on Friday and was trading around $1,475 as of 12:40 p.m. in Singapore following a more than 6% slide Thursday. Ether is paring a rally since mid-June sparked in part by optimism about the Ethereum update -- the Merge -- to slash the network's energy use. “Now the excitement around the Merge is done, and we don't have a...

Bitcoin Price Lingers Near $20000; Ether Extends Slide Before ‘Merge’

15Sep

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Technology

Bitcoin Price Lingers Near $20000; Ether Extends Slide Before ‘Merge’

[ad_1] Cryptocurrencies were mixed a day after posting sharp losses triggered by hardening expectations of restrictive US monetary policy. Cryptocurrencies were mixed a day after posting sharp losses triggered by hardening expectations of restrictive US monetary policy. Bitcoin price fell about 1.5%to $19,937 as of 4:14 p.m. in New York after a near-10% plunge on Tuesday. Ether, the native token of Ethereum, decline for a third day, dropping about 1% to $1,597. Stocks, bonds and digital tokens plunged Tuesday after rising US inflation data pointed to further large Federal Reserve interest-rate hikes. The Fed has no alternative but to “pump the brakes, tighten financial conditions, ratchet real yields higher and that's ju...

Bitcoin Lingers Near $20,000; Ether Extends Drop Before ‘Merge’

14Sep

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Technology

Bitcoin Lingers Near $20,000; Ether Extends Drop Before ‘Merge’

[ad_1] Cryptocurrencies were mixed a day after posting sharp losses triggered by hardening expectations of restrictive US monetary policy. Cryptocurrencies were mixed a day after posting sharp losses triggered by hardening expectations of restrictive US monetary policy. Bitcoin was down less than 1% to $20,140 as of 10:27 a.m. in New York after a near-10% plunge on Tuesday. Ether, the native token of Ethereum, decline for a third day, dropping about 1% to $1,590. Stocks, bonds and digital tokens plunged Tuesday after rising US inflation data pointed to further large Federal Reserve interest-rate hikes. The Fed has no alternative but to “pump the brakes, tighten financial conditions, ratchet real yields higher and that's ...