Buy Bitcoin or start mining? HashWorks CEO points to ‘attractive investment yield’ in BTC mining

Recently, bad news has abounded, and the resulting fear is real. DeFi is looking dead, altcoins completed their lifecycle by returning back to $0 (I guess that’s a joke), and Bitcoin’s (BTC) price fell lower than even the smartest brains in the room expected.  A unifying theme of the most recent bull market appears to have been greed. Everyone got too confident and too greedy, and it shows by the amount of debt and leverage that is being unwound as 3AC, Celsius, BlockFi and Voyager contend with the real threat…

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Ethereum Tops Near $1,200, Why Dips Could Be Attractive

Ethereum started an upside correction above the $1,050 zone against the US Dollar. ETH traded close to the $1,200 resistance zone before it faced sellers. Ethereum started an upside correction above the $1,100 resistance zone. The price is now trading below $1,150 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $1,180 on the hourly chart of ETH/USD (data feed via Kraken). The pair could revisit the key $1,050 and $1,040 support levels in the near term. Ethereum Price…

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Bitcoin Revisits $32K, Why Dips Remain Attractive In Near-Term

Bitcoin started a fresh increase and surpassed $31,000 against the US Dollar. BTC could correct gains, but dips might remain well supported above $30,800. Bitcoin is gaining pace above the $30,500 and $31,000 resistance levels. The price is now trading above the $31,000 level and the 100 hourly simple moving average. There is a connecting bullish trend line forming with support near $31,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally further if it clears the $32,200 resistance zone. Bitcoin Price Rallies…

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Ethereum Climbs to $2,800, Why Dips Could Be Attractive

Ethereum rallied above $2,700 against the US Dollar. ETH price is now consolidating near $2,800 and might start a short-term downside correction. Ethereum started a fresh increase above the $2,700 resistance level. The price is now trading above $2,700 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $2,720 on the hourly chart of ETH/USD (data feed via Kraken). The pair is consolidating above $2,750 and might correct lower in the near term. Ethereum Price Extend Gains Ethereum remained well bid…

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Bitcoin Corrects Gains, Why Dips Could be Attractive In Short-term

Bitcoin rallied above the $42,000 resistance zone against the US Dollar. BTC is correcting gains, but it might find support near the $40,000 zone. Bitcoin extended rally and even traded above the $42,000 resistance zone. The price is trading above $40,000 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $40,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start a fresh increase unless there is a close below the 39,500 support zone. Bitcoin…

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Bitcoin Fails to Test $45K, Why Dips Could Be Attractive

Bitcoin attempted a move towards $45,000 but failed against the US Dollar. BTC is correcting lower, but dips might be limited below $42,800. Bitcoin extended increase above $44,000 before it faced sellers. The price is trading above $43,500 and the 100 hourly simple moving average. There was a break below a short-term rising channel with support near $44,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could drop to $43,000 or $42,800, where the bulls might take a stand. Bitcoin Price Faces Resistance Bitcoin…

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Ethereum Dips Turn Attractive, Bulls Could Aim $3,500

Ethereum gained pace above the $3,250 zone against the US Dollar. ETH price is correcting gains from $3,400, but dips might be limited in the near term. Ethereum started a strong increase above the $3,250 resistance zone. The price is trading above $3,250 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $3,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if there is a clear break above the $3,380 resistance zone. Ethereum…

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Crypto regulation concerns make decentralized stablecoins attractive to DeFi investors

Stablecoins have emerged as a foundational part of the cryptocurrency ecosystem over the past couple of years due to their ability to provide crypto traders with an offramp during times of volatility and their widespread integration with decentralized finance (DeFi). These are necessary for the health of the ecosystem as a whole.  Currently, Tether (USDT) and USD Coin (USDC) are the dominant stablecoins in the market, but their centralized nature and the persistent threat of stablecoin regulation have prompted many in the crypto community to shun them and search for…

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Ethereum Corrects But Why Dips Could Be Attractive In Short-Term

Ethereum is correcting gains from $4,121 against the US Dollar. ETH price could start a fresh increase if there is a clear break above the $4,040 resistance. Ethereum struggled to clear the $4,100 zone and corrected lower. The price is trading just above $3,950 and the 100 hourly simple moving average. There was a break below a key rising channel with support near $4,040 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $3,920 support and the…

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Ethereum Surges Above $4K, Why Dips Could Turn Attractive

Ethereum is up 5% and the bulls pumped the price above $4,000 against the US Dollar. ETH price could continue to rise if it stays above the $3,920 support. Ethereum gained pace for a move above the $3,850 and $3,920 resistance levels. The price is trading above $4,000 and the 100 hourly simple moving average. There was a break above a key bearish trend line with resistance near $3,840 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above…

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