The top 50 cryptocurrencies by market cap looked like a blood bath at the time of this press as bears continue their assault. Other than stablecoins, Monero (XMR) is the only cryptocurrency that seems to be holding on to some previous gains. A look at XMR’s latest price action reveals that it has been on a bullish trajectory since 24 February. However, while most other top cryptocurrencies peaked and commenced retracement at the start of April, Monero managed to ward off the bears.

Ethereum price is retesting the support confluence, ranging from $3,000 to $2,800. A breakdown of this barrier could lead to a steep correction to $2,000. Short-term on-chain metrics suggest that a further move to the south is possible. Ethereum price has arrived at a vital support level after crashing for the past week. This downswing puts ETH at a make or break point, indicating that things could go either way. However, if the big crypto continues to stumble, the… Source link

Monero price is defying gravity as other cryptocurrencies slump. The XMR token is trading at $240, which is about 10% above the lowest level this week. This price is slightly below the year-to-date high of $252. As a result, its total market cap has risen to more than $4.3 billion. Why is XMR rising? Cryptocurrencies are having a difficult time as investors continue worrying about the global economy as inflation soars. Bitcoin, the biggest cryptocurrency in the world, has moved below $40,000… Source link

April 12 (Reuters) – A crypto platform’s pledge to amass $10 billion worth of bitcoin to back its own “stablecoin” is firing up the market. It’s part of a wider movement to crown bitcoin as the reserve currency of a new age. Seoul-based Terraform Labs has so far built up nearly 40,000 bitcoin worth $1.7 billion in a series of purchases via a non-profit affiliate, Luna Foundation Guard, according to publicly available blockchain data. The spree follows Terraform co-founder Do Kwon’s… Source link

Ethereum gained bearish momentum below the $3,100 level against the US Dollar. ETH price extended decline and settled below the $3,000 support zone. Ethereum started another decline and traded below the key $3,000 support. The price is now trading below $3,050 and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance near $2,990 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover, but upsides might be capped near… Source link

da-kuk/E+ via Getty Images Thesis Summary Monero (XMR-USD) is privacy-focused crypto that enables completely anonymous transactions. Monero is unique in many ways, and I can see why some would be interested in owning it. However, I will initiate my review with a Hold rating, given that I see more interesting crypto projects out there. Technology Monero is a privacy-focused cryptocurrency. Contrary to popular belief, transactions on most blockchains can be tracked by anyone. They are after all… Source link

Bitcoin dropped 15% in 24 hours today, falling below $40,000 for the first time since March 15. Meanwhile, Ethereum dipped 14%, finding itself beneath the $3,000 mark for the first time since March 23.  It’s part of a larger trend, with crypto markets tumbling 8.5% in the span of 24 hours to hit a market cap of $1.84 trillion, according to CoinMarketCap. If you’re looking for plausible answers as to why, it’s worth checking out the equities markets. The S&P 500, an index of 500 top publicly… Source link

Protocols in the Cosmos ecosystem have seen a significant amount of growth in 2022 due to the intensifying focus on blockchain interoperability and compatibility with the Ethereum network.  One protocol that has seen a buildup in momentum since the middle of March is Kava, a project that is developing a co-chain architecture for the Cosmos and Ethereum network. Data from Cointelegraph Markets Pro and TradingView shows that the price of Kava’s native token KAVA has climbed 72.3% after… Source link

At CamboFlare, an Asian fusion restaurant in Big Lake, Minnesota, customers can pay with cash, credit card, major cryptocurrencies and soon CamboCoin — a cryptocurrency created specifically for the restaurant. Since the restaurant opened in November 2020, it has accepted payments by bitcoin, bitcoin cash, Ethereum, and Dogecoin. Now it is one of the only restaurants in Minnesota, according to owner Mike Nget, taking this step. But at CamboFlare, so few people actually pay in crypto that the… Source link

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