Ethereum rushes up; others likely to follow

[forex4you]

Ethereum rushes up; others likely to follow

<p>Ethereum Market picture</p><p class="MsoNormal">Bitcoin lost
0.5% on Tuesday but started Wednesday with a substantial gain, adding more than
1.3% to $16.8K. The current levels are one-week highs and send the price to the
area above the 50-day moving average.</p><p class="MsoNormal">These are
new signs that the prolonged sideways slide is ending, and one should be
prepared for higher volatility, and this time it may be the altcoins that come
to life first, not the first cryptocurrency.</p><p class="MsoNormal">Ethereum is
adding over 3.5% since the start of the day, making a solid move above its
50-day moving average and testing the highs of the last three weeks. Here we
see a large amplitude of gains, which increases the chances of a break of the
downtrend. At the same time, traders with a more distant outlook would prefer
to wait for confirmation in the form of a rewrite of the previous highs near
$1350.</p><p>News background</p><p class="MsoNormal">Crypto-asset
monitoring service PricePrediction predicted the bitcoin exchange rate in a
month at $15,532, which is about 7% lower than the current value of BTC.</p><p class="MsoNormal">Last year
was more of an ice age than a crypto winter, said
Circle's head of strategic development Dante Disparte. </p><p class="MsoNormal">However, he
is optimistic: bankruptcies and industry clean-up could be a boon for the
crypto market in the long run.</p><p class="MsoNormal">Despite the
bear market, the level of fraud and hacks in the cryptocurrency industry will
not diminish in the new year, according to CertiK, a blockchain
security-focused analyst firm. Fraudulent schemes and techniques have been
worked out, and the market is vulnerable.</p><p class="MsoNormal">Fourteen
years ago, on January 3, 2009, a person (or group of people) under the alias
Satoshi Nakamoto launched the leading bitcoin network by mining a genesis block
of 50 BTC. The first transaction occurred on 12 January 2009 - Satoshi Nakamoto
sent 10 BTC to Hal Finney.</p><p class="MsoNormal">This article was written by <a href="https://www.fxpro.com/" target="_blank" rel="follow">FxPro</a>'s Senior Market Analyst Alex
Kuptsikevich.</p>

                This article was written by FxPro FXPro at www.forexlive.com.

Source: Ethereum rushes up; others likely to follow

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