The French fashion brand – Balenciaga – will reportedly embrace cryptocurrencies as a payment method for its products. Initially, the offering will be available at the firm’s US shops on Madison Avenue in New York and Rodeo Drive in Beverly Hills, Los Angeles. Balenciaga Catching the Crypto Wave According to a recent coverage, Balenciaga will … Read more
Early this week, the crypto market turned green. During the last two days, altcoins have outperformed BTC, and this includes ETH. The latter was able to reclaim the $2K mark. However, is the storm over? Technical Analysis Technical Analysis By Grizzly The Daily Chart Ethereum is near a critical support level that might hold up … Read more
Ethereum is about to close an eighth consecutive red week. High-risk assets, including stocks and cryptocurrencies, are experiencing a devastating year in 2022. But where is the next significant support for ETH? Technical Analysis Technical Analysis By Grizzly The Daily Chart After Ethereum overcame its key dynamic resistance in March, it raised the possibility of … Read more
This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Polkadot. Ethereum (ETH) After a week of consolidation, ETH is giving some signs of optimism. The price found good support at $1,900 which represents a higher low compared to $1,700 which was hit on May 12. Ethereum is now in a position … Read more
Arguably the most anticipated event in Ethereum’s 7-year-old history could come in the next few months, asserted the project’s co-founder as well as a couple of core ETH developers. This should happen before the “difficulty bomb” slows down the network. Speaking at a panel during the Permissionless conference, ETH core developer Preston Van Loon noted … Read more
Earlier this week, a pull request was submitted by an Ethereum DevOps engineer for the Ropsten testnet Merge configuration code that can be seen in the GitHub repository. For the uninitiated, the Ropsten testnet was created by Ethereum Foundation nearly five years ago and is considered one of the best replicas for the Ethereum blockchain. … Read more
The cryptocurrency market is still in a state of uncertainty and fear. Ethereum is no exception, and any upward attempt is faced with immediate sell pressure. Will the bulls be able to regain control of the market? Technical Analysis By Grizzly The Daily Chart On the daily time frame, ETH is moving downward inside a … Read more
The past several weeks have been quite the negative turmoil for the cryptocurrency market, as it all started at the end of March. Interestingly, this coincides with a similar drop for the largest US-based stock market indexes, which led to a multi-month high in terms of correlations between Wall Street and crypto. The Market Meltdowns … Read more
Bitcoin failed at decisively overcoming $31,000 and has retraced by over $1,000 to a familiar ground of approximately $30,000. Most altcoins are also slightly in the red today, with Ethereum fighting to stay above $2,000. Polkadot has lost the most from the larger-cap alts. Bitcoin Stalls at $30K Last week was nothing short of a … Read more
Following a disappointing performance of US stocks yesterday, the crypto market has also kind of stagnated. The bulls do not seem to have regained their strength, and the bears remain in control. Technical Analysis By Grizzly The Daily Chart Ethereum does not appear to have enough strength to start an upward trend on the daily … Read more