Disclaimer: The findings of this analysis are the sole opinions of the writer and should not be considered investment advice. Bitcoin fell below the $39k area in the past few days as fears over inflation and invasion grew. In late January and early February, the short-term market structure flipped bullishly- but a crucial level of resistance was not tested as Ethereum slumped on the charts once more. A recent report highlighted how the perception that the Ethereum network’s powerhouse is… Source link

Litecoin price action slips below $104.17 and gets in the danger zone of dipping below $100. LTC price sees bulls coming in, however, and trying to maintain any further losses as talks in Ukraine remain underway. Expect a further drop when headlines further deteriorate before bouncing back to $120. Litecoin (LTC) price action has breached the significant $104.17 supportive level that has been key in preventing LTC price action from making further lows. The break… Source link

The Ethereum ( ETH 1.14% ) blockchain is powered by the ETH coin, a cryptocurrency with a market value of $320 billion. Only Bitcoin is worth more. And Ethereum’s success can be attributed to its programmability. Specifically, developers can use the platform to build and deploy decentralized applications (dApps), software that exists on a peer-to-peer network rather than centralized corporate services. Decentralized finance (DeFi) products are a type of dApp. They allow… Source link

Bitcoin price is consolidating losses above USD 37,000. Ethereum tested the USD 2,500 support, XRP spiked to USD 0.665. Many altcoins are still down over 10%. Bitcoin price gained bearish momentum below the USD 38,000 level. BTC even tested the USD 36,500 level. It is currently (11:30 UTC) consolidating losses and might recover to USD 38,500. Similarly, most major altcoins are consolidating losses. ETH tested the key USD 2,500… Source link

A once coal-fired plant in rural, upstate New York stands at the center of a battle over Bitcoin. Greenidge Generation LLC mines “proof-of-work” cryptocurrency — the bitcoin cryptocurrency process requiring a massive amount of computing power. According to a Cambridge University analysis, globally, Bitcoin uses more electricity annually than the whole of Argentina. For a small town in the Finger Lakes region, hosting Greenidge for bitcoin mining is seen as a blessing or a curse… Source link

Ethereum extended decline below the $2,700 support against the US Dollar. ETH price is struggling and might even decline below the $2,500 support. Ethereum started a major decline below the $2,800 support level. The price is now trading below $2,700 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $2,700 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover, but the bears might remain active near $2,650 and… Source link

Blockchain analytics provider Glassnode has depicted a bearish scenario for Bitcoin (BTC) as on-chain metrics suggest increased selling pressure is imminent. In its weekly analytics report on Monday, Glassnode said that Bitcoin bulls “face a number of headwinds,” referring to increasingly bearish network data. The researchers pointed at the general weakness in mainstream markets alongside wider geopolitical issues as the reason for the current risk-off sentiment for crypto… Source link

The Litecoin sell-off accelerated in the evening session as investors remained pessimistic about the ongoing geopolitical tensions between western countries and Russia. The LTC coin is trading at $102, which is the lowest it has been since January 24th. It has crashed by about 28% from its highest level this month. Fear and greed index falls Litecoin declined sharply as investors remained fearful about the crisis going on in Europe. On Monday, Vladimir Putin announced that Russia will… Source link

Litecoin is just boring. GrayScale has a trust for LTC. Boring. Institutional money is investing in LTC in record numbers. Boring. LTC is one of Grayscale’s largest investments. Boring. They plan on increasing this investment. SOOOO boring! Anthony Watson Coder and Author of Cryptocurrency Investing in the Age of Dollar Chaos LTC is the cryptocurrency world’s ultimate wallflower. Litecoin never seems to get any love. Nonetheless, it is one of the oldest cryptocurrencies as It continues to… Source link

Ethereum price is now at its most vulnerable position since December 28, 2021. One final Ichimoku level preventing a total collapse of ETH must hold. Key resistance ahead must be broken to prevent a sell-off. Ethereum price action has not been immune to the broader effects weighing on risk-on markets. Fears of an imminent invasion of Ukraine by Russia have sidelined many market participants or have scared off investors entirely. However, a new bull market and… Source link