Bitcoin, Ethereum Technical Analysis: Ethereum Nears $1,400, as Price Hits 10-Day High

Ethereum moved closer to $1,400 on Thursday, as the token rebounded from yesterday's sell off. The world's second largest cryptocurrency rose to its highest point in almost ten days during today's session, as markets were marginally higher. Bitcoin was once again trading above $20,000.

Timeline of Bitcoin, Ethereum

There have been fewer job openings in the United States lately and this may, one way or another, have an impact on Bitcoin and the broader crypto market. The recent data on unemployment in the US shows that the labor market is still predominantly strong at 3.8%.

The Ethereum Upgrade overshadowed the miners who had previously driven the ETH blockchain with promises of massive environmental benefits. Ethereum's developers claimed the upgrade would make the network – hosting a $60 billion ecosystem of cryptocurrency exchanges, lending companies, non-fungible token (NFT) marketplaces, and other apps – more secure and scalable.

Let's listen to “The Missing Cryptoqueen” podcast together from the very beginning, as the new episodes arrive. This second one presents new facets of Dr. Ruja's story and amplifies the scope of the podcast.

Sovryn, a bitcoin-based DeFi protocol, loses about $1 million worth of crypto to cyber attackers in a price manipulation hack. The attacker(s) achieved this by exploiting a vulnerability discovered in the legacy Sovryn Lend/Borrow protocol.

After what can be considered a long and never-ending wait, Bitcoin [BTC] managed to find some green pastures on the charts finally. This sparked joy within the crypto-community as investors and enthusiasts were expecting a breakout soon.

It's been more than 2 weeks since Ethereum's Merge happened. However, the hype that existed before the event died down soon, with the event followed by disinterest in the cryptocurrency.

If you ask anyone who made their fortune in Bitcoin today when the best time to buy Bitcoin is, they'd answer, “yesterday”, or “years ago”. And, to a large extent, their reply would hold a considerable degree of truth.

Cryptocurrency market inflows totaled $5 billion over the past 24 hours, indicating a slowdown in the market cap growth compared to the past few days. The post CryptoSlate Daily wMarket Update – Oct. 5: Bulls struggle to keep BTC above $20,000 appeared first on CryptoSlate.

The continued lack of consumer confidence was once again reinforced by the minuscule price movements across the cryptocurrency space. Bitcoin retreated 0.4% to US$20,238 on Thursday morning but was ever-so-slightly outpaced in its decline by its biggest rival by market capitalisation, Ethereum, which eased 0.5% to US$1,368.

On  October 5th 2022 the Crypto market was depicting some strength before declining and falling on bearish trend once again. There was a similar pattern witnessed in the stock market as well as the market managed to enter the recovery phase.