The digital currency has dropped 5.7% in the last 24 hours, and was trading at $42,955 per coin as of 2:43 am ET on Tuesday, according to cryptocurrency tracker Coindesk. Earlier, it was down as much as 12%. Other cryptocurrencies are tumbling, too. Ethereum and dogecoin have each declined 4.4% and about 6%, respectively, in the past 24 hours. The fall followed a major drop in US stocks on Monday, as Wall Street’s fears turned to China. Investors have been uneasy over the deepening crisis of… Source link

Bitcoin price declined heavily and tested the key USD 40,000 support region. Ethereum tested the USD 2,800 support and recovered, XRP settled below USD 1.00. OMG gained over 20% and surpassed the USD 10.00 level. Bitcoin price extended its decline below the USD 43,500 support level. BTC even broke the USD 42,000 support and traded close to USD 40,000. It is currently (04:26 UTC) recovering losses, but the bears are keeping the price… Source link

The chart below shows DeFi tokens are fairly correlated with each other, but the correlation with ETH is relatively weak. “ETH had its monster rally earlier this year while DeFi lagged, which explains this phenomenon,” Delphi Digital, a crypto research firm, wrote in a blog post. Source link

Ethereum price collapses -12.2% but recovers roughly half of the loss. Extremely bearish Ichimoku conditions persist, limiting upside pressure while maximizing further losses. Bears target $2,500. Ethereum price continues to follow all crypto and non-crypto markets in a broad risk-off sell-off. Ethereum bears, which targeted the $2,900 value area, succeeded and now focus on $2,500. In addition, significant bearish Ichimoku conditions point to continued moves… Source link

This morning’s crypto crash startled many investors. Waking up to red numbers is never a fun time, and waking up to red numbers across an entire investment class is enough to shake even the most sure of bulls. But, as the market always proves, these times never last. Crypto will be back on its feet again, and while many small cryptos might fall to the wayside, there are a host of solid investments which are sure to rebound from the volatility, particularly Ethereum (CCC:ETH-USD)…. Source link

Ethereum’s native asset Ether (ETH) prices slumped on Sept. 20 amid a broad selloff in the cryptocurrency market, led by worries about a potential housing bubble crisis brewing in China. The ETH/USD exchange rate dropped as much as 12.52% to $2,911 on the Coinbase exchange, hitting its lowest levels since the beginning of August 2021. Elsewhere in the crypto market, Bitcoin (BTC), Binance Coin (BNB), Cardano (ADA), Solana (SOL), and other top tokens plunged in tandem. The performance of top… Source link

Shares of crypto-related stocks, including Marathon Digital Holdings Inc (NASDAQ: MARA) Riot Blockchain Inc and Coinbase Global, Inc. (NASDAQ: COIN) are trading lower amid a decrease in the price of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). Bitcoin is trading 4.3% lower at around $43,500 Monday morning. Ethereum is trading 4.8% lower at around $3,030 Tuesday morning. Marathon Digital focuses on mining digital assets. It owns crypto-currency mining machines and a data center to mine… Source link

ETH/USD – Ether Plummets Into $3000 Support Key Support Levels: $2890, $2770, $2720.Key Resistance Levels: $3200, $3300, $3350. Ethereum fell a sharp 11.5% today as it crashed back to $3000. The cryptocurrency had dropped from near $4000 at the start of September as it fell into support around $3200 (.5 Fib Retracement) last week. A rising trend line bolstered the support, and it allowed ETH to rebound during the week. It reached as high as $3600 last week but rolled over… Source link

The total crypto complex was down over $200 billion on Monday, and bitcoin was registering solid losses, imperiling a potential bullish formation in the charts for the world’s No. 1 digital asset. At last check, bitcoin BTCUSD, -1.53% was more than 7% lower at about $44,376.50, and off 16% from an its early September peak. A recent uptrend for bitcoin had put the asset on the verge of a so-called golden cross, where the 50-day moving average… Source link

Bitcoin price extended its decline below USD 44,000. Ethereum might test USD 3,000, XRP is down over by 13%. SOL, DOT, and DOGE declined around 12%. Bitcoin price remained in a bearish zone below the USD 46,000 level. BTC extended its decline and traded below the USD 44,000 support. It is currently (11:52 UTC) down by almost 8% and it might continue to move towards USD 43,200. Similarly, most major altcoins are trading in the red… Source link