Cryptostreet

  Ripple (XRP) has recovered somewhat from its low around $0.55 and is currently in a consolidation phase for a potential move.  Possibly today. We are forming a symmetrical triangle on the 4H chart.  The odds of us breaking out to the upside and down are relatively equal.  Therefore, we should first wait for a confirmed breakout. The trading volume is clearly falling.  Initial resistance to the upside is around $0.70.  On the downside, we must not break the last low, otherwise we would have another lower low and the downtrend would continue. My Top Picks Honeygain - Passive earner that pays in BTC or PayPal M andalaExchange - The Best no KYC crypto Exchange! BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends! Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin Cointiply - The #1 Crypto Earning Site Torum - Join the latest Social Network and earn TRM for...

  A new study sheds light on the carbon footprint of investing in Bitcoin compared to investing in the SP500. How green is bitcoin really ? It is such a thing with the carbon footprint of Bitcoin. While the power consumption of the world's largest decentralized network can be determined quite easily, estimates of CO₂ emissions are far worse. After all, mining is a decentralized organized process. Depending on where the mines are located, the companies use different energy sources for hashing. In addition, the miners do not like to be looked at; it is therefore not known exactly whether the majority of the electricity used to secure the network comes from renewable or fossil energy sources . Put in numbers, according to data from the Cambridge Bitcoin Electricity Consumption Index , Bitcoin consumes 127.98 TH/W of electricity. This statistic results from actually publicly accessible data such as the mining difficulty, the hash rate and the common mining devices and their energy effi...

  The Relative Strength Index is increasingly suggesting that BTC may be poised for a turnaround soon . Bitcoin ( BTC ) is moving back around the $38,000 mark today, January 30, which could give the weekend a positive ending after all . Weekend with little meaningfulness Accordingly, data from Cointelegraph Markets Pro and TradingView showed that BTC/USD rallied back to $38,000 on Sunday, with an interim daily high of $38,740. Despite the strong performance at the end of the week, the crypto experts are not yet completely convinced that the market-leading crypto currency has found its way back to its old strength. "Bitcoin is still a bit bumpy," is how Cointelegraph expert Michaël van de Poppe assesses the current situation . To which he adds: “Let's see if $37,000 holds first, if not then we'll probably retest recent lows, if it does then a bounce to above $38,500 is possible. The weekend is usually not very meaningful.” Nonetheless, on the price chart, BTC/USD appea...

  In our last Bitcoin price forecast , we wrote about how low the Bitcoin price could fall in the near future. We then came to the conclusion that the price could drop to around $30,000 in the next few weeks as there is a key horizontal support there. But what about the Bitcoin course in the short term? Will we go back up to $40,000 or will we go straight down to $30,000? Today we will inform you about the Bitcoin course ! Bitcoin price has been staying at the $37,725 resistance for the past few days. The price broke the resistance yesterday . A short time later, the course has now tested the former resistance as support and thus also confirmed it. Because of this, we assume that the Bitcoin price will rise to around $40,000 in the near future. However, the price would not become bullish as a result, but even more bearish. If $40,000 acts as resistance, which we believe it will, we remain bearish on the weekly chart. The longer it takes Bitcoin price to reach $30,000, the less like...

  The Sandbox course was able to increase by over 5,000% in the last bull market. However, the price has been falling for a few months . The high was around $8.50. Currently the rate is around $3.85. But how could the sandbox course continue in the future? How low will the price sink or is the descent already over ? We'll enlighten you! The Sandbox price is currently in a sideways phase between the $2.73 support and the $4.44 resistance . As Sandbox price is close to the former $4.44 support, we anticipate the price to rally some more in the near future to confirm the $4.44 level as resistance. After that, we expect another drop to around $2.73 to continue the sideways phase. Since the sandbox price rose extremely and quickly in 2021, supports are far away and could therefore lead to rapid price losses. As flats serve as a continuation pattern, we anticipate the price to break the $2.73 support. After the support is broken, we anticipate the price to drop to circa $0.8646. There is...