Press Releases TheBitTimes.com

ETH price continues to encounter resistance at the $1,600 level, a potential sign that the current rally lacks sustainable momentum. Ethereum (ETH) price is struggling to overcome resistance at $1,600 and this is the altcoin’s third attempt since September 2022. Some would say the 33% year-to-date rally could be interpreted as a failed opportunity to breach the $200 billion market capitalization mark.  Ether/USD price index, 2-day. Source: TradingView If Ethereum price were to break above $1,600, it would return Ether to a top-60 global tradable asset, surpassing giant multinational companies like Nike (NKE), Novartis (NVS), Cisco (CSCO) and Toyota (TM). Unfortunately, at least for bullish traders, derivatives markets are not hinting that Ether will finally break the $1,600 resistance — at least, not until the U.S. Federal Reserve reverses its course of tightening the economy. Bulls' frustrations can partially be explained by Silvergate Bank's $1 billion net loss in the latest...

Both stocks and gold are leading the way when it comes to new year gains, but can Bitcoin match them? Bitcoin (BTC) volatility is declining on schedule but BTC price action could still “play catch up” with gold this year. The latest data and Analysis shows that despite sideways moves in Bitcoin, the largest cryptocurrency is behaving as expected. BTC price volatility follows bear market pattern With traders frustrated by a lack of tangible moves on BTC/USD, volatility is under the microscope at the start of 2023. For analytics resource Ecoinometrics, however, there is nothing to worry about — Bitcoin is becoming more stable with time, and this is a feature, not a bug. In Twitter comments on Jan. 2, it stated that “so far the pattern of less extreme volatile events as Bitcoin matures is confirmed.” An accompanying chart of Bitcoin average one-month realized volatility distribution came with a description of BTC being “deep in a bear market.” The data showed volatility ebbing at identi...