Ethereum Tests $1,170, Is $1000 The Next Target?

Ethereum Tests $1,170, Is $1000 The Next Target?

Ethereum over the past few weeks has registered multiple rejections at $1,280. It continues to aim toppling above the aforementioned price level. ETH has been trading in a downward channel since July 8. Over the last 24 hours, Ethereum lost 3.3% which to an extent has reversed its weekly gain considerably. Technical outlook remains bearish on the short time frame. The pullback that Ethereum faced multiple times could possibly catapult price higher. In that case, ETH might target resistance levels above the $1280 mark. The two other strong barriers for the coin stood at $1420 and $1540.....


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Price of Bitcoin Passes $1000 at Bitstamp

It should no longer be a surprise that the price of Bitcoin hit $1000 this week on Japanese exchange Mt. Gox, but now, another exchange has creeped up to the $1000 mark. That's Bitstamp, of course. The exchange, which has always trailed a ways behind Mt. Gox (except for recently when the price between Mt. Gox and Bitstamp were nearly equal) is now in the 4 digits - which really reinforces just how valuable Bitcoin has become. The question is: will the $1000+ price keep it up?

Ethereum At $1020, Will It Fall Below $1000 Anytime Soon?

Ethereum plummeted over 8% in the last 24 hours as the crypto bloodbath continues. Bears are in control of the market as the coin is treading very close to the $1000 price level. The major sell-off has also affected Bitcoin massively as the crypto lost over 33% in the last week itself. This has also caused other market movers to dip severely on their respective charts. Ethereum lost its support at $1300 and now is eyeing $1000. Buyers have exited the market as the coin continued to remain exceedingly sold out. The global cryptocurrency market cap today is at $950 Billion with a fall of....

Preliminary tests suggest Nvidia RTX 3000 series may take AMD’s mining crown

The RTX 3080 is apparently twice as fast as the previous generation. The newly released generation of Nvidia graphics cards, the RTX 3000 series, is generating some buzz among miners as it is expected to be a vast improvement over the previous generations.While the cards were initially speculated to be only a minor upgrade, new information seems to confirm that they could reach hash rates of around 100 Megahashes per second for Ethereum and Ethash mining.This would be more than a two-fold improvement over many of the top-of-the-line cards offered on the market today by both Nvidia and AMD.....

Key Bitcoin Price Levels and Trading Update for Week 2 (5 - 12 Jan) of 2014

Bitcoin price has broken the key psychological level of $1000 on Mt. Gox and pushed above $900 on Bitstamp. The Bitcoin price is exploding right now! Possible reasons for the push are mentioned elsewhere on CCN. As can be seen above on the daily chart, a long green candle is forming on the 5th day of consecutive gains. This is good news for all of us with long positions. I added the final portion to my long position on Friday the 3rd as the Bitcoin price cleared the key $800 Support / Resistance level. As price has also blasted through the 76.4% Fibonacci line (dark blue), I see no obvious....