Bitcoin (BTC/USD) Analysis Bitcoin regains after massive sell-off Key Highlights BTC regained above $40,000 after a massive sell-off. The pair was one of the worst performers this month and lost more than $10,000 following in the footsteps of U.S. stock markets. Technical Analysis Intraday trend – Bearish On the daily chart, the pair is trading below Tenken-Sen ($40,998), Kijun-sen ($43,390), and Ichimoku Kumo cloud ($41,363). Bitcoin hit an intraday high of $41,250 and is currently trading around… Source link

Litecoin has been in a strong correction phase this month like many other top cryptocurrencies after the March rally. However, LTC attempted a recovery rally post 12 April last week, but it was short-lived as the bearish market conditions during the weekend subdued its bullish run. LTC traded at $110.93 at the time of writing after increasing by 4.43% over the last day. It has so far pulled back by roughly 15.21% from $134, its latest local top on 30 March. Its current price tag is not that… Source link

Ethereum’s native token Ether (ETH) has dropped by nearly 20% in the last three weeks, hitting monthly lows near $2,900 on April 19. But despite rebounding above $3,000 since, technicals suggest more downside is possible in the near term, according to a classic bearish pattern. Ethereum price ‘bear flag’ setup activated Dubbed “bear flag,” the bearish continuation signal appears as the price consolidates higher inside an ascending parallel channel after a strong downward move (called the… Source link

The Monero jumped to the highest level in five months as demand for privacy tokens like Zcash and Decred soared. The XMR token rose to a high of $265, which was the highest level since November. It has risen by about 100% from its lowest level this year. As a result, its total market cap has jumped to over $4.8 billion. Monerun continues The main reason why the Monero price has jumped is because of an unofficial event known as Monerun. This is an ongoing event where most holders are attempting… Source link

Ethereum started a steady recovery wave above the $2,980 resistance against the US Dollar. ETH price is now facing a strong resistance near $3,080 and $3,100. Ethereum started a major upside correction from the $2,880 zone. The price is now trading above $3,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $3,070 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear $3,080 and $3,100 to start a strong upward… Source link

Bitcoin has breached critical price support, hitting new lows as the U.S. tax season ends, Coindesk reported Monday (April 18). The biggest cryptocurrency by market value fell to $38,577 during the Asian hours, falling below its support level of $40,000. That level was last seen on March 15. The weakness seems to come from the tax season, with the related selling, as well as a hazy macro environment. The deadline to submit 2021 taxes was Monday (April 18). Meanwhile, a new kind of… Source link

The Ethereum Foundation (EF) has released a report detailing how its $1.6 billion treasury consists mostly of Ether (ETH), but with a surprising 18.8% in non-crypto assets. In total, the EF non-profit organization which manages the funds for Ethereum developments holds about 0.3% of the current total ETH supply, amounting to roughly $1.3 billion which is verifiable on Etherscan. However, its non-crypto holdings account for a sizable $302 million share. The April 2022 report is the first issued… Source link

Image source: Getty Images Could another coin dethrone Ethereum? Key points The recent market crash has a widespread effect on the entire cryptocurrency market and can open up many investment opportunities. The utility offered by Ethereum makes it a difficult token to dethrone. … Source link

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The Ethereum Foundation (EF) – a non-profit organization that supports the second-largest blockchain protocol – disclosed that its treasury equals around $1.6 billion. $1.3 billion of it is distributed in digital assets (primarily ETH), while approximately $300 million belong to non-crypto investments. The EF Sold ETH at the ATH In its financial report, the Ethereum Foundation revealed that 99.1% of its total $1.3 billion crypto holdings are held in ETH. This amount was… Source link