salarko / Getty Images The cryptocurrency market has notoriously wide price swings, and as of Mar. 2022, many cryptocurrencies are down more than 50% from their recent all-time highs. While in some cases this may represent a buying opportunity, the unfortunate truth is that some of… Source link

Over the past 24 hours, Monero’s (CRYPTO: XMR) price has risen 7.23% to $170.08. This is contrary to its negative trend over the past week where it has experienced a 3.0% loss, moving from $176.99 to its current price. As it stands right now, the coin’s all-time high is $542.33. The chart below compares the price movement and volatility for Monero over the past 24 hours (left) to its price movement over the past week (right). The gray bands are bollinger bands, measuring… Source link

“Those that had bet against the metal’s rise in value have now been forced to buy at a much higher price, creating a short squeeze,” explained Susannah Streeter, an investment analyst at Hargreaves Lansdown, in an email to CoinDesk. “It’s likely a big margin call prompted the suspension of trading, with sharp gains forcing speculators to scramble for additional capital to put into accounts to cover the shortfall.” Source link

Even with the recent lull to start 2022, a time when the cryptocurrency market has shed approximately 20% of its value (as of March 5), the entire asset class has been an outstanding investment in recent years. While the S&P 500 produced a total return close to 100% over the past five years, cryptocurrencies have gone from a total market value of $24.5 billion in March 2017 to $1.8 trillion today.  The top cryptocurrency, Bitcoin ( BTC 2.14% ), has unsurprisingly garnered a… Source link

A slew of bad news, an uncertain macro environment, and a broader cooling off of the crypto market have left Bitcoin and Ethereum in the dumps.  Bitcoin is down more than 10% over the past week despite hitting a local high of roughly $44,600 on March 1. Since then, however, the leading cryptocurrency has trended downwards and is trading around $38,800.  Ethereum, the second-largest cryptocurrency, hasn’t fared much better.  Ethereum has fallen nearly 12% in the same period as it battles… Source link

What happened After starting Monday with uncharacteristically stable trading, top cryptocurrencies are now losing ground. Bitcoin ( BTC -0.11% ), Ethereum ( ETH -0.76% ), and Dogecoin‘s ( DOGE -2.03% ) tokens were down 2.9%, 5.4%, and 4.5%, respectively, over the previous 24-hour period as of 5 p.m. EST. While potential new regulatory developments in the U.S. have previously been a source of crypto market volatility without amounting to much, it looks like some major… Source link

Volatility and choppy price action continued to dominate the cryptocurrency market on March 7 and news that United States President Joe Biden plans to sign an executive order later this week that will outline the government’s strategy for cryptocurrencies was added to the list of factors weighing down crypto prices.  Data from Cointelegraph Markets Pro and TradingView shows that Bitcoin (BTC) bulls were thwarted in an attempt to regain support at $40,000 on Monday as revelations about the… Source link

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Ethereum’s native token Ether (ETH) will likely fall below $2,000, according to one popular market analyst. Ether paints a classic bearish continuation setup Pseudonymous market analyst Wolf shared the downside outlook on March 7 as Ether’s price rebounded by over 3% to nearly $2,650, a day after testing its upward sloping trendline near $2,500. Ignoring the intraday upside reversal, Wolf anticipated the Ether’s decline to continue further. ETH/USD daily price chart. Source: TradingView At the… Source link

Over the past 24 hours, Monero’s (CRYPTO: XMR) price has fallen 3.68% to $160.92. This is opposite to its positive trend over the past week where it has experienced a 1.0% gain, moving from $159.93 to its current price. The chart below compares the price movement and volatility for Monero over the past 24 hours (left) to its price movement over the past week (right). The gray bands are bollinger bands, measuring the volatility for both the daily and weekly price movements…. Source link