NEW DELHI: With a drop of 36% in May, Bitcoin has posted its worst fall since November 2018 as lofty valuations, concerns over its environmental impact and a regulatory crackdown on cryptocurrencies in China took a toll. Moreover, Bitcoin’s fall last month is the second-biggest since May 2013, as per data available with cryptocurrency tracker CoinGecko. The bearish factors for bitcoin during the month included higher-than-expected inflation data in the US, Tesla chief Elon… Source link

Follow us @crypto for our full coverage. A lull in Bitcoin’s wild swings in recent days has been taken by some as a tentative sign the fragile digital currency could recover. The world’s largest cryptocurrency was little changed at $36,425 as of 6:45 a.m. in New York on Tuesday, following two straight sessions of gains. Swings in the price — as measured by the spread between its daily high and low — have fallen to their lowest since… Source link

Ethereum Ethereum rallied by 13.38% on Monday. Following a 4.69% gain on Sunday, Ethereum ended the month down by 2.50% to $2,707.12. A bearish start to the day saw Ethereum fall to an early morning intraday low $2,275.22 before making a move. Steering clear of the first major support level at $2,220, Ethereum rallied to a late intraday high $2,719.49. Ethereum broke through first major resistance level at $2,518 and the second major resistance level at $2,649. While coming up short of the 38.2%… Source link