Today cryptocurrencies have turned bearish again; they have been showing signs of weakness since the flash crash two weeks ago, but today they are making the big move. Cryptocurrencies weakened sharply in the past 24 hours with a sudden spike in volatility. Bitcoin has lost around $4,000 and it continues to slide lower, so will this be a proper bearish reversal that would send Bitcoin even lower toward $40,000 and eventually to $30,000 or will we see a reversal soon? Litecoin Analysis –… Source link

Text size Bitcoin cryptocurrency. OZAN KOSE/AFP/Getty Images Bitcoin and other cryptocurrencies slumped Monday as assets… Source link

Bitcoin.com, in line with its vision to support ‘economic freedom,’ is refocusing its efforts on non-custodial, or ‘self hosted,’ crypto products, including exchange. Therefore, the Bitcoin.com Wallet, which is fully non-custodial and provides users with direct access to public blockchains like Bitcoin, Bitcoin Cash, and Ethereum will be the company’s flagship product going forward. What’s the non-custodial model? When you take possession of your assets, it means there’s… Source link

The greenback is rising ahead of the Fed meeting, reflecting a flight to safety and speculation the central bank would signal October or November taper. The dollar index, which tracks the currency’s value against major fiat currencies, has jumped to a one-month high of 93.34, extending a two-day winning streak, according to TradingView. Source link

Monero price today is $244.33 USD with a 24-hour trading volume of $256,193,777 USD. Monero is down 10.57% in the last 24 hours. The current Coin Market Cap ranking is #33, with a live market cap of $4,397,039,784 USD. The Monero currency has been around for quite a long time in comparison with other cryptocurrencies. With the help of Monero, you can conduct legitimate settlement operations, not every digital coin has such a function. As a short-term investment tool, this can be a risky… Source link

A strategist at JPMorgan stated that ether’s fair value is way lower than its current price. According to a set of measurements based on network activity, he calculated ether’s value at $1,500, 55% lower than its market price. One of the reasons argued for this assessment, is that Ethereum is not so unique anymore, and it is facing tough competition from other chains like Solana and Avalanche. JPMorgan Strategist Thinks Ether Is Overvalued Nikolaos Panigirtzoglou, Managing… Source link

Ethereum Ethereum fell by 3.14% on Sunday. Reversing a 1.07% gain from Saturday, Ethereum ended the week down by 2.21% to $3,328.59. A mixed start to the day saw Ethereum rise to a mid-morning intraday high $3,457.22 before hitting reverse. Falling short of the first major resistance level at $3,530, Ethereum slid to a late intraday low $3,278.00. Ethereum fell through the 23.6% FIB of $3,369 and the first major support level at $3,356. Finding support at the second major support level at $3,276,… Source link

Ethereum started another decline below the $3,400 support zone against the US Dollar. ETH price must stay above $3,150 to avoid more losses in the near term. Ethereum started a fresh decline from the $3,500 and $3,550 resistance levels. The price is now trading below $3,300 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $3,360 on the hourly chart of ETH/USD (data feed via Kraken). The pair could a steady increase as long as it is… Source link

Bitcoin price failed once again to clear the $48,500 resistance zone against the US Dollar. BTC is declining and it could even decline below the $46,200 support zone. Bitcoin started a fresh decline after it failed to surpass the $48,500 resistance zone. The price is still trading below $47,500 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $48,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could… Source link

During the last few months, cross-chain bridge technology has grown a great deal and users can now swap assets between a myriad of networks. Today, between eight different bridges there’s $7.6 billion total-value locked across these platforms. Cross-Chain Bridges There’s a decent quantity of cross-chain blockchain bridges these days and it has allowed users to do a variety of different decentralized finance (defi) techniques. Interestingly, a great deal of bridges connect to the… Source link