The altcoin markets saw strong losses in recent hours, but Ethereum Classic and Uniswap could post quick recoveries. Monero had faced difficulty climbing above $230 but had strong demand at $205. Ethereum Classic [ETC] Source: ETC/USDT on TradingView Ethereum Classic slipped beneath the $11.4 mark and retested it as resistance, but OBV showed that the recent wave of selling pressure did not have a great volume of selling. This indicated that a recovery, once impetus shifted in favor of the… Source link

Editorial Note: Forbes may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Getty Ethereum is often referred to as the second most popular cryptocurrency, after Bitcoin. But unlike Bitcoin—and most other virtual currencies—Ethereum is intended to be much more than simply a medium of exchange or a store of value. Instead,… Source link

Ethereum Ethereum rose by 0.32% on Thursday. Partially reversing a 5.19% slide from Wednesday, Ethereum ended the day at $1,587.08. A bearish start to the day saw Ethereum fall to an early morning intraday low $1,548.69 before making a move. While steering clear of the first major support level at $1,508, Ethereum fell through the 23.6% FIB of $1,579. Finding support in the early hours, however, Ethereum rallied to a late morning intraday high $1,622.27 before hitting reverse. While falling short… Source link

Litecoin price set to close the week below the 10-week simple moving average (SMA) for the first time since October 2020. Bearish momentum divergence at the February high was a caution flag for traders. LTC popularity on Google fading despite trading near the rally highs.  Litecoin (LTC) price has been in a furious tug-of-war with the 0.50 retracement level of the 2017-2018 bear market throughout February and March. It was a warning that LTC needed to notably correct,… Source link

Key Takeaways Bitcoin has endured an 18% correction over the past two weeks and now sits on top of stable support. Ethereum whales are slowly reentering the network as a number of new buy signals pop up in the market. Despite the significant losses incurred recently, it seems that both cryptocurrencies are poised to rebound. Share this article Sidelined investors appear to be taking advantage of a recent downswing to reenter the crypto market. The sudden spike in buying pressure could help… Source link

Bitcoin (BTC) trading around $52,184.38 as of 20:00 UTC (4 p.m. ET). Slipping 4.77% over the previous 24 hours. Bitcoin’s 24-hour range: $50,458.10-$54,762.75 (CoinDesk 20) BTC trades between its 10-hour and 50-hour averages on the hourly chart, a sideways signal for market technicians. Bitcoin trading on CoinbaseSource: TradingView Bitcoin traders urged caution as prices for the cryptocurrency slid toward $50,000 for the first time in two weeks while the options market braced for volatility… Source link

Litecoin is often called the silver to Bitcoin as digital gold, and strangely, the two cryptocurrencies and two precious metals are exhibiting the same behavior where one is lagging behind the other. The lack of momentum in the digital and physical forms of silver have kept the price of both assets at bay for the entire recent bull market in each class. With no growth in Litecoin compared to other cryptocurrencies, the altcoin is only a billion dollars away from losing the top ten… Source link

Bitcoin mining. Alessandro Bianchi/Reuters Bitcoin tested the key $50,000 support level on Wednesday but quickly recovered. The cryptocurrency was down roughly 16% from its March 13 record highs before a rebound. Bitcoin mining stocks, which are highly correlated to the price of BTC, all fell on Wednesday before mounting a recovery. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Cryptocurrency mining stocks had a tough day on Wednesday as bitcoin tested its… Source link

Topline Despite still-booming institutional adoption, the price of the world’s largest cryptocurrency is tanking Thursday morning as analysts warn of massive volatility on the horizon, pushing bitcoin’s losses to nearly 15% since an all-time high on March 13. Bitcoin prices, however, are still up nearly 700% over the past year. Getty Images Key Facts As of 11 a.m. EDT, the price of bitcoin has tanked 9.4% over the past 24 hours, pushing its market capitalization down… Source link

Bitcoin jumped above $60,000 earlier in March but has since fallen sharply Dado Ruvic/Reuters The bitcoin price slid 6% to around $53,000 on Thursday morning, well off recent record highs. The ether price also fell, along with binance coin, polkadot, Cardano’s ADA and Ripple’s XRP. Analysts said the expiration of more than $5 billion in bitcoin options contracts may be causing volatility. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The bitcoin price fell… Source link