Bitcoin, after hitting a fresh all-time high last week, is showing signs of weakness (with some predicting bitcoin could be about to peak). The bitcoin price, now hovering around $55,000 per bitcoin, is currently up almost double where it started 2021—with the wider cryptocurrency market riding its coattails to a total value of over $2 trillion. Now, with a sudden weekend sell-off leaving bitcoin traders and investors reeling, JPMorgan analysts have warned that if the bitcoin price… Source link

advertisement LTC price falls 30% this week Support at $250 has held LTC thus far LTC price must break & hold $276 for try at 2021 high LTC price had a rough week falling nearly 30% from its high of $333. A recent mining center blackout in China left the cryptocurrency markets in the red the past few days. LTC was not immune to this market fall. Investors have been waiting a break of $333 as LTC has yet to reach its ATH although many other coins have.  Advertisement … Source link

Ethereum Ethereum rose by 1.07% on Wednesday. Following on from a 7.81% rally on Tuesday, Ethereum ended the day at $2,357.21. A bearish start to the day saw Ethereum fall to a late morning intraday low $2,237.02 before making a move. Steering clear of the first major support level at $2,141, Ethereum rallied to a late afternoon intraday high $2,471.72. Ethereum broke through the first major resistance level at $2,437 before easing back to end the day at sub-$2,400 levels. At the time of writing,… Source link

It’s boring bitcoin so far this week, with ether making gains for traders in a crypto market that overall is still signaling bullishness. Bitcoin (BTC) trading around $55,502 as of 21:00 UTC (4 p.m. ET). Slipping 1.9% over the previous 24 hours. Bitcoin’s 24-hour range: $54,565-$57,043 (CoinDesk 20) BTC close to the 10-hour and 50-hour moving average on the hourly chart, a sideways signal for market technicians. Bitcoin’s hourly price chart on the Bitstamp exchange since April 18.Source:

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Several technical analysts have commented on bitcoin’s recent price declines. Photo by: STRF/STAR … [+] MAX/IPx 2021 3/13/21 Bitcoin rises above $60K to a new record high. STRF/STAR MAX/IPx Bitcoin prices recently dropped below their 50-day moving average (MA) and have stayed below this key level for a matter of days, a development that has prompted coverage from multiple media outlets. However, is the recent decline as bearish as some make it seem? Several analysts have… Source link

The price of Ether (ETH) fell by 19.6% on April 18, resulting in the quick liquidation of $1 billion in long futures contracts. Despite the size of this record liquidation and its impact on Ether’s price, the futures open interest remained above $20.5 billion, which is 5% below the previous month. After the sell-off, there were signs that investor sentiment deteriorated, which was evident in derivatives markets. Historically, there’s much higher borrowing demand for Ether longs as opposed to… Source link

Bitcoin is setting up for a near-term downturn that could see it shed a good chunk of its recent gains, even if the longer-term outlook appears healthy for the world’s No. 1 crypto. That’s the view of a number of analysts after bitcoin prices BTCUSD, -1.15% breached a key technical level following the exuberance for digital assets in the wake of Coinbase Global’s COIN, +1.54% listing on the Nasdaq last week. … Source link

This week, we do a deep dive into the intricacies of one single Ethereum 2.0 metric: total value staked (TVS). There’s a lot of nuance to this metric, but once you do the legwork a little knowledge can really pay off in terms of insight into the protocol and a better understanding of how to interpret what seems at first like major discrepancies in the data across providers and sources.  Then, in true nerd fashion, we delve into an ongoing hackathon that, even if you’re not particularly… Source link

The number of LTC whales has sharply dropped in the last two weeks. The digital asset is barely holding itself above a crucial support level. Litecoin seems to favor a bearish move down to $220. Litecoin price is facing significant selling pressure as large holders are selling their positions. This could quickly drive LTC down to new lows if a crucial support level fails to hold. Litecoin price might not be able to hold critical support point On the 4-hour chart,… Source link