Bitcoin could slump to $30,000 as the era of cheap money comes to a close and investors move cash from speculative assets to safer bets, market watchers suggest. Analysts note that cryptocurrencies are being treated by investors much the same as speculative tech stocks. While the tech-heavy Nasdaq was down nearly 4% last week, crypto appears to be getting hit even harder. In the last 24 hours alone, bitcoin is down more than 6% and ethereum is down more than… Source link

Ethereum price has downward Fibonacci projection targets at $2,900 and $2,670. ETH price volume has increased in bearish favor. Invalidation for the bearish count is a break above $3,300. Ethereum price has suffered a blow at the $3,200 support level. Investors should consider further drops in the ETH price as the bears display strong control. Ethereum price support has vanished Ethereum price is at the time of writing, trading at $3,040 and retesting a key… Source link

What happened After a decent rally in recent months, the crypto market is coming off a tough weekend as macro concerns continue to spark fear in the broader market. Over the last 24 hours, the world’s largest cryptocurrency, Bitcoin ( BTC -3.33% ), traded more than 4% lower as of 11:05 a.m. ET. The price of the world’s second-largest cryptocurrency, Ethereum ( ETH -5.77% ), traded nearly 6.6% lower, and the price of Dogecoin ( DOGE -5.31% ) traded nearly 10% down…. Source link

According to CoinMarketCap.com, there is an estimate of over 17,000 cryptos currently in the market! All are created with different utilities and purposes. When searching for a coin that will best suit your immediate needs and long-term goals, you can often become overwhelmed, so we’ve researched for you. The Many Benefits Of Crypto With more than thousands of cryptocurrencies competing in the market, choosing the best one for you is not an easy task, especially if you are just getting… Source link

The immediate support is about $40,000. “On the support side, buying activity has been concentrated around the $40,000 level, where 820,000 BTC was previously acquired, making this the price to watch out for,” Lucas Outumuro, head of research at blockchain analytics firm IntoTheBlock, said in a newsletter published Friday. Source link

Bitcoin (BTC) saw a predictable fall into the Wall Street open on April 11 as bears took the market toward $40,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin edges toward $40,000 Data from Cointelegraph Markets Pro and TradingView showed last week’s downtrend gathering pace Monday after a disappointing weekly close. The calm weekend thus gave way to volatility as the new week began, this being led by equities losing ground worldwide. In Asia, the Hang Seng closed down… Source link

According to CoinMarketCap.com, there is an estimate of over 17,000 cryptos currently in the market! All are created with different utilities and purposes. When searching for a coin that will best suit your immediate needs and long-term goals, you can often become overwhelmed, so we’ve researched for you. The Many Benefits Of Crypto With more than thousands of cryptocurrencies competing in the market, choosing the best one for you is not an easy task, especially if you are just getting… Source link

If you haven’t heard of crypto, you clearly haven’t been following the news lately. If you’re not quite sure what crypto is, or what you should do with it, correspondent David Pogue is here to teach you (just about) everything there is to know about crypto, in nine simple steps: 1. Bitcoin was only the first crypto. “Crypto” is short for “cryptocurrency.” Bitcoin was the original one, and it’s still by far the most popular. But there are over 10,000… Source link

Text size Bitcoin and the rest of the crypto space has come under pressure amid a shift in Fed policy. Rutmer Visser/Dreamstime … Source link

The crypto industry’s hopes for a new Bitcoin (BTC) rally during last week’s Bitcoin 2022 event in Miami haven’t lived up to expectations; the leading cryptocurrency slipped below $42,000 on Monday morning to levels last seen on March 22. Bitcoin is trading at $41,532 at time of going to press, with data from CoinMarketCap showing that the benchmark cryptocurrency is down 2.36% over the past 24 hours and 9.65% in the last week. The Bitcoin 2022 conference, which gathered thousands of… Source link