The relative strength index (RSI) on the daily chart approached oversold territory on Wednesday, which preceded the recent downturn in price. On the weekly chart, however, the RSI is rising from oversold levels similar to what occurred in March 2020, which could keep buyers active over the short term. Source link

The average transaction fee on the Ethereum network has dropped to the lowest level in four months, according to statistics on February 13, 2022. Mid-September 2021 was the last time gas fees on Ethereum were this low, as average fees have dropped to roughly $15.13 per transfer. Ethereum Fees Slide Lower It costs less to transact on Ethereum today, than it was in mid-January 2022, when the average transaction fee on Ethereum was around $52.46 per transfer. Today, statistics indicate… Source link

It’s not been a good year for Bitcoin, the world’s largest cryptocurrency. Less than three months ago, with BTC trading close to $69,000 on the charts, many expected the crypto to hit $100k soon. Alas, that didn’t happen. In fact, Bitcoin dipped and depreciated. And, did so very significantly. While the last 10-14 days have seen BTC recover from its near-term lows close to $32,000, the cryptocurrency is still well away from touching its heights from a few months ago. Understandably,… Source link

Litecoin (LTC) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Sunday, the Digital Money has increased 2.01% to $127.16. InvestorsObserver is giving Litecoin a 14 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin! Low Volatility InvestorsObserver gives Litecoin a low volatility rank of 14, placing it in the bottom 14% of cryptos… Source link

Bitcoin (BTC) was on the cusp of making a new higher weekly close on Feb. 13 as bulls kept the market above $42,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin: Potential CME gap to come Data from Cointelegraph Markets Pro and TradingView tracked fairly stress-free conditions for BTC/USD over the weekend, with the weekly candle set to conclude in under 12 hours. The pair had briefly dipped below the $42,000 mark before recovering, this setting it up to challenge last… Source link

Ethereum price could be headed for a 15% drop toward $2,472 after a bearish chart pattern emerged. The token may be able to discover and test multiple lines of defense before reaching the pessimistic target. In order to invalidate the bearish outlook, Ethereum bulls must target levels above $3,020. Ethereum price is at risk of further decline after the token sliced below a critical line of defense and the lower boundary of the governing technical pattern at $2,944…. Source link

The Bitcoin (BTC) network has recorded a new hash rate all-time high of 248.11M TH/s as of Feb. 12, 2022, further securing the decentralized ecosystem through a growing network of global BTC miners.  The hash rate correlates to the computing power required by a miner’s computer equipment to confirm a transaction. The recent spike in BTC’s network hash rate ensures further security against attacks by deterring bad actors from confirming fraudulent transactions. Bitcoin hash rate over the… Source link

Ethereum price is likely to continue its upward trend despite Russia and Ukraine concerns. The recent pullback was normal and natural. $2,900 value area now in focus. Ethereum price action is positioned to pull the rug on all short-sellers and buyers who have been scared to enter. The technical conditions on the price chart and the oscillators show Ethereum has developed one of the most substantial collections of bullish setups in many months. Ethereum price to… Source link

What happened  The cryptocurrency market started dropping on Friday but the sell-off hit a peak early on Saturday as investors try to digest a number of macro news items that could impact all markets around the world. The most pressing concern is rising tension between Russia and Ukraine and the Federal Reserve potentially calling an emergency meeting for Monday.  As of 1:40 p.m. ET, Bitcoin (CRYPTO:BTC) was down 1.1% in the last 24 hours but had… Source link

Text size Investors have pushed up prices for banks with exposure to crypto. Dreamstime Investors now buy … Source link