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

Selling pressure on Bitcoin was felt across the market. Monero and Maker noted bearish pressure, but were trading within a longer-term range, while Uniswap was forced to cede multiple levels of former support levels to the bears. Monero [XMR] Source: XMR/USDT on TradingView Since late February, XMR has bounced between the $198 and $230-levels of support and resistance. The previous week saw XMR climb past $230 and touch $238, but selling pressure forced the coin lower to $210. The… Source link

Ethereum Ethereum slid by 5.19% on Wednesday. Following on from a 0.79% decline on Tuesday, Ethereum ended the day at $1,581.79. A bullish start to the day saw Ethereum rise to a mid-day intraday high $1,740.91 before hitting reverse. Ethereum broke through the first major resistance level at $1,711 before sliding to a late intraday low $1,550.0. The extended sell-off saw Ethereum fall through the first major support level at $1,639 and the second major support level at $1,610. More… Source link

Even though most of the coins are in the green zone, there are also some exceptions to the rule. Mainly, Uniswap (UNI) is the main loser out of the top 10 assets, falling by 6.32% over the last day. Top 10 coins by CoinMarketCap BTC/USD Yesterday morning, the support at $53,400 withstood the bears’ onslaught. Sellers pierced this level, but the price was able to recover to the area of the $55,800 mark. In the afternoon, trading volumes began to decline, and the… Source link

Photographer: Andrey Rudakov/Bloomberg Photographer: Andrey Rudakov/Bloomberg Bitcoin fell amid a wider retreat in assets that had earlier ridden a wave of stimulus-infused optimism among retail traders. The largest cryptocurrency dipped 2% to about $52,850, a two-week low, as of 7:23 a.m. in London. The token is mired in its longest… Source link