Bitcoin trader explains why BTC outperforming Ethereum is just 'simple math'
Bitcoin has been outperforming Ethereum in the past few days as one popular trader says this is a result of "simple math." Bitcoin (BTC) has been outperforming Ether (ETH) in the past several days as BTC surged above $50,000 for the first time in history. Meanwhile, one popular cryptocurrency trader explains that this is "simple math" given the growing institutional demand for BTC. BTC vs. ETH (orange) performance in February. Source: TradingviewWhile ETH is beating BTC in USD terms year-to-date, Bitcoin is gaining steam in February, up 60% compared to Ether's 50%. Ether did rally by....
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Cardano has been stuck below 30 cents for weeks, and its ranking among global cryptocurrencies has slipped to 12th place. Against that backdrop, a trader is now arguing the coin could still reach $2 — and sooner than most people think. Related Reading: Ethereum Sets User Record As Price Lags Far Behind Network Growth The Math Behind The Claim The argument comes from Yesreel, a crypto trader with six years of experience, who posted the projection on social media. Based on his analysis, ADA would only need to string together five to six days of 40–50% daily gains to close the gap between its....
Ethereum is still struggling to gain pace above $2,000 against the US Dollar. ETH price is still below the 100 hourly SMA, while bitcoin surpassed $35,000. Ethereum is still struggling to clear the $2,050 and $2,060 resistance levels. The price is trading near the $2,000 barrier and the 100 hourly simple moving average. There was […]
Chain engineer Erik Rykwalder wrote an educational blog post yesterday, The Math Behind Bitcoin. Specifically, Erik concisely explains some of the fundamentals of Elliptic Curve Digital Signature Algorithm (ECDSA). When the term "key", "key pair" or "private/public key" is used in Bitcoin it means an ECDSA key pair. These keys are mathematically linked and can be used to encrypt and decrypt data. Bitcoin needs a bit more than just ECDSA key pairs to transfer ownership of bitcoins, however. Core developer Gregory Maxwell dropped by the Reddit post to explain some of those subtleties. As....
Ethereum price is up over 10% and surpassed the $2,000 resistance. ETH is outperforming Bitcoin and might rise further toward the $2,200 resistance. Ethereum rallied above the $2,000 and $2,050 levels. The price is trading above $2,050 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with support near $2,115 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move higher toward the $2,200 resistance in the near term. Ethereum Price Regains Strength In the past 2-3 analyses, we discussed high chances of Ethereum surging....
Math Cannot Be Banned joined "Meet The Taco Plebs" to discuss his Bitcoin journey and the importance of storing your value in something finite. The post Interview: Trading Our Time To Earn Bitcoin With Math Cannot Be Banned appeared first on Bitcoin Magazine.