Topline After bitcoin’s massive crash last month, business analytics company MicroStrategy, the cryptocurrency’s biggest corporate owner, warned Monday it expects to incur a loss of at least $284.5 million in the second quarter as a result of its bitcoin holdings, but the staunch bitcoin bull—helmed by billionaire CEO Michael Saylor—also announced it’s looking to raise more debt to double-down on its volatile bitcoin investment. At one point worth more than $5 billion,… Source link

2021 saw Monero climb by over 250% on the charts in just over 4 months. That’s an extraordinary hike, one comparable to the hikes noted by the rest of the market’s alts. In fact, such was the scale of Monero’s performance between January and the first week of May that XMR climbed to a 3-year high too. At the time of writing, however, it was a different story altogether. On the back of the wider market’s corrections, XMR lost almost 60% of its value between 10-19 May. While the… Source link

The market is trying to recover the lost positions as all of the top 10 coins have come back to the green zone. Top coins by CoinMarketCap BTC/USD The rate of Bitcoin (BTC) is almost unchanged over the last seven days. BTC/USD chart by TradingView Bitcoin (BTC) keeps trading in a narrow range as neither bulls nor bears have seized the initiative so far in the long-term scenario. However, on the 4H time frame, the selling trading volume has declined, as well as… Source link

Bitcoin price is stuck near the USD 36,000 level. BTC is facing many major hurdles near USD 37,500 and USD 38,000. It is currently (12:10 PM UTC) showing a few positive signs, but it must settle above USD 38,000 for a sustained upward move. Besides, most major altcoins are gaining pace. ETH broke the USD 2,800 resistance and the bulls may soon attempt a break above USD 2,850. XRP/USD is consolidating and it might clear the USD 1.0 resistance zone. Total market capitalization Source: Source link

Scams are running rampant in the cryptocurrency markets as a huge rally in bitcoin, a lack of regulation and the anonymity of digital money have created a ripe environment for fraudsters. Consumers reported losing nearly $82 million to crypto scams during the fourth quarter of 2020 and first quarter of 2021, more than 10 times the amount from the same six-month period a year earlier, according to the Federal Trade Commission. From October to March, the price of bitcoin jumped 450% to nearly… Source link

Bitcoin Bitcoin, BTC to USD, rose by 0.48% in the week ending 6th June. Following a 2.50% gain from the previous week, Bitcoin ended the week at $35,780.0. A mixed start to the week saw Bitcoin fall to a Sunday intraweek low $34,160.0 before making a move. Steering clear of the first major support level at $32,362, Bitcoin rallied to a Thursday intraweek high $39,482.0. Falling short of the first major resistance level at $39,875 and $40,000 levels, Bitcoin fell back to sub-$35,000… Source link

Bitcoin (BTC) moved incrementally last week, opening and closing near the same price of $35,700. Technical indicators and the price action are providing mixed signs. However, the wave count is leaning bearish. Bitcoin consolidates Bitcoin experienced some volatility last week, moving from a low of $34,153 to a high of $39,476. However, both the opening and close prices were near $35,700, creating a doji candle in the weekly time frame. Technical indicators in the weekly time frame are bearish…. Source link

Ethereum Ethereum rose by 3.10% on Sunday. Reversing a 2.28% fall from Saturday, Ethereum ended the week up by 13.54% to $2,710.97. A mixed start to the day saw Ethereum fall to an early morning intraday low $2,615.00 before making a move. Steering clear of the first major support level at $2,516, Ethereum rose to a late morning intraday high $2,745.36. While falling short of the first major resistance level at $2,780, Ethereum tested resistance at the 38.2% FIB of $2,740 before easing back. The… Source link

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Ethereum network fees have fallen to their lowest levels this year as the crypto markets continue to consolidate. One of the few advantages of a down-trending market is a decline in demand for Ethereum and the resultant drop in gas fees. According to BitInfoCharts, the average transaction fee on the Ethereum network has fallen to $3.70 — its lowest level since the end of December 2020. The gas slump comes less than a month after average fees for transactions hit an all-time high of $70. This… Source link