The crypto market has been in decline over the past six months with its valuation dropping from over $3 trillion in November 2021 to $1.23 trillion in May 2022. Fears over persistently higher inflation, the Federal Reserve’s hawkish response to it, and the ongoing conflict between Ukraine and Russia prompted investors to limit their exposure to riskier assets. Also, their increasing appetite for the safe-havens, such as the U.S. dollar, weighed down demand for some of the top cryptocurrencies… Source link

It was September 6, 2021, when the Central American nation of El Salvador decided to go ahead and purchase 200 Bitcoin (BTC), worth about $10.3 million at the time. The day was hailed as momentous in the history of the crypto market and was met with much fanfare. In fact, many proponents claimed that the purchase was just an inkling of what really lay ahead in terms of a global crypto-driven economy. However, a lot has changed since then, especially with BTC losing 55% off its value after… Source link

Ethereum price has consolidated further in a pennant structure since mid-May. ETH price is set to perform a bullish breakout as an ascending trend line supports. Expect a jump above $2,148.67 and rally up towards $2,300. Ethereum (ETH) price is set to jump 18% in value if a tailwind persists throughout the trading day. Although the ASIA PAC session saw some dark clouds forming over disappointment at the Chinese government’s support package and this pushed Asian… Source link

Quantitatives/Unsplash By June 2022, the price of Monero (XMR) could see a significant drop. Its 75% gain in the last two weeks could indicate we are entering the Monero overbought danger zone. Monero is also forming a bearish reversal pattern known as a rising wedge. Price travels inside a range indicated by two ascending, converging trendlines, forming rising wedges. Disclaimer: this article is not financial advice. Monero “overbought” danger zone indicative of overvalued… Source link

May 24 (Reuters) – The crypto winter is into its ninth week and bitcoin can’t shake the chills. From technicals to turnover, market indicators are flashing red or amber for the biggest cryptocurrency, which has lost a third of its value in just two months. So what now? Register now for FREE unlimited access to Reuters.com Register Bitcoin’s limited history isn’t much of a guide on crypto winters, which we’re defining as prolonged bearishness for a month or more. There have been five since 2017 and… Source link

Place/Date: – May 24th, 2022 at 9:00 am UTC · 4 min read Source: Mushe Token Investing during times of uncertainty can be challenging. Research becomes even more important during bear markets. Cryptocurrency beginners are advised to avoid following trends and hyped-up coins but rather spend time ensuring that they know what they are investing in and why. Here are 3 cryptocurrencies that could be potentially profitable investment choices for you: Mushe Token (XMU), Litecoin (LTC) and… Source link

ETH price is progressively inclining. Ethereum price volume shows bearish absence. Invalidation of the bullish call is a close below $1800. Ethereum price displays reasons to believe in a price spike to $2400. Traders should still approach the smart contract blockchain cautiously and use a tight invalidation level. Ethereum price due for run-up Ethereum price hints that a countertrend spike will occur as the bears seem to be uninterested in suppressing the… Source link

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don’t Know How To Explain It” by Aaron Sprinkle. Image credit: montipora/Getty Images, modified by CoinDesk. Join the… Source link

Sunday was Bitcoin Pizza Day, the annual crypto industry holiday celebrating the first known use of bitcoin as a payments currency. And while it’s usually celebrated largely trying to find a pizzeria that will take crypto payments and reminding the buyer just how rich he’d be if he hadn’t traded 10,000 bitcoins for two large pies in 2010, this year was decidedly different. For one thing, it’s a whole lot easier to do on the 12th anniversary. Really, it started getting easier last… Source link

… Source link