Text size Bitcoin prices haven’t been this low since January. Dreamstime Bitcoin … Source link

DUBAI, UAE / ACCESSWIRE / May 6, 2022 / Coinsfera is a cryptocurrency exchange where you can sell Ethereum in Dubai. It is quite simple to sell Ethereum in Dubai for cash via Coinsfera as you should be able to finish your deal in 10-15 minutes. Selling Ethereum through Coinsfera is both safer and quicker as we strive to improve the sales process with customer satisfaction. Now officially everyone can exchange Ethereum for USD in Dubai with Coinsfera Converting Ethereum to USD in Dubai has… Source link

The Monero community is working on some key measures to guard the interest of its miners. In this regard, Monero (XMR) shall be introducing an upgrade dubbed Tail Emission in the coming days. Tail Emission, as the name suggests, is a “minimum subsidy” “to keep fees reasonable, ensure a lower bound of network security, and enable dynamic block sizes”. As part of tail emission, the Monero community has proposed that miners should get a minimum of 0.6 XMR for every block mined on… Source link

Bitcoin (BTC) dipping below $36,000 “smells like capitulation,” one trader says as suspicion mounts over United States stock markets. In a tweet on May 6, Cointelegraph contributor Michaël van de Poppe suggested that the BTC price was at least giving “serious signals.” Analyst: Stocks saw “forced liquidation” After plunging to 10-week lows in line with equities on the May 5 Wall Street trading session, Bitcoin bounced at levels last seen in February. The downturn in both crypto… Source link

Not content to merely erase its recent gains, Bitcoin’s price today continued its drop until it reached its lowest point since late February. Declining 8% in just 24 hours, Bitcoin dipped below $36,000 before stabilizing. It’s a similar story for the crypto market as a whole, which lost 7% during the same time frame; Ethereum shed 7% from yesterday’s price, and the rest of the top 10 faced losses of between 5% and 9%. Just yesterday, crypto asset prices were noticeably higher, rising along… Source link

What happened  As investors sell off stocks broadly, the “risk-off” trade has made its way to cryptocurrencies. The market has been down sharply since just before the trading opened Thursday, and that’s when a sudden crash hit crypto.  As of 3:30 p.m. ET, the value of Dogecoin (DOGE -3.62%) had fallen 5.4% over the prior 24 hours, Ethereum (ETH -4.97%) was down 7.8%, and The Sandbox (SAND -3.68%) was down 11.8%. Ironically, early Thursday morning, values were up by nearly… Source link

In less than 24 hours, the “relief rally” for cryptocurrencies following the Federal Reserve’s meeting has been erased. Unable to crest its key $40,000 price point during Wednesday’s rally, bitcoin tumbled more than 9% between 9 and 4 p.m. New York time Thursday from $39,500 to $36,300 per coin. Ether (ETH) sold off by 7% on the day from $2,939 to $2,741. The Nasdaq and S&P 500 are trading 5% and 3.5% lower. The slide in risk assets follows what analysts and traders anticipated… Source link

Monero (XMR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Digital Money has lost 9.72% to $201.16. InvestorsObserver is giving Monero a 35 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero! Moderately Volatile InvestorsObserver gives Monero a moderate volatility rank of 35, placing it in the bottom 35% of cryptos on the… Source link

Over the past 24 hours, Litecoin’s LTC/USD price has fallen 5.19% to $97.52. This continues its negative trend over the past week where it has experienced a 6.0% loss, moving from $104.03 to its current price. The chart below compares the price movement and volatility for Litecoin 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. The wider the bands are,… Source link

Despite bouncing from a 45-day low on April 30, Ether (ETH) price is still stuck in a descending channel and the subsequent 9% gain over the past four days was just enough to get the altcoin to test the pattern’s $2,870 resistance. Ether/USD price at FTX. Source: TradingView Federal Reserve monetary policy continues to be a major influence on crypto prices and this week’s volatility is most likely connected to comments from the FOMC. On May 4, the United States Federal Reserve raised its… Source link