This week the stock markets began to flash a little green and Bitcoin (BTC) is decoupling from traditional markets but not in a good way. The cryptocurrency is down 3% while the Nasdaq Composite tech-heavy stock market index is up 3.1%. May 27 data from the United States Commerce Department shows that the personal savings rate fell to 4.4% in April to reach the lowest level since 2008 and crypto traders are worried that worsening global macroeconomic conditions could add to investors’… Source link

Blockchain technology and cryptocurrencies have taken the globe by storm. They have revolutionised everything, from how we see money to how we perceive the world and technology. However, in the contemporary environment, terms such as blockchain, crypto, metaverse, virtual reality, NFTs, and DeFi are tossed about carelessly. Fortunately, it is the project where we have opted to invest our efforts. So, without further ado, here are the three coins in great demand and may… Source link

Litecoin (LTC) gets a bearish rating from InvestorsObserver Saturday. The coin is down 0.5% to $63.56 while the broader crypto market is down 0.83%. Litecoin has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Litecoin! Bearish Over the last five days, Litecoin has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of… Source link

Bitcoin bears re-entered the marketplace on Saturday, as prices moved closer to a multi-week low to start the weekend. BTC once again fell below $29,000, whilst ETH continues to move lower, and now hovers around $1,750. Bitcoin Following a brief rebound on Friday, BTC once again moved lower, with prices falling under the $29,000 mark to start the weekend. Yesterday saw BTC/USD hit an intraday peak of $29,335.03, however with bears re-entering the market, prices fell to a low of… Source link

Crypto holders can’t wait to see the end of May, a month that has brought nothing but losses. And while it’s too soon to say whether the worst is over—Bitcoin is below $30,000 right now and could go lower—it feels like the industry will come through the downturn just fine. So long as the Ethereum merge goes off okay, that is. If you’ve been living under a crypto rock, “The Merge” refers to the long-awaited upgrade to the Ethereum blockchain that will see the No. 2 cryptocurrency switch… Source link

Bitcoin (BTC) analysts faced another day of frustration on May 28 as BTC/USD refused to offer volatility up or down. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView “Not the decoupling we wanted” Data from Cointelegraph Markets Pro and TradingView showed the largest cryptocurrency sticking in a narrow short-term range into the weekend. Previously forecast support levels to avoid a deeper correction managed to hold in the May 27 Wall Street trading session, but a bounce higher was… Source link

And on the macro front, MRB Partners, a global investment research firm, expects equity markets to rebound should global growth conditions prove resilient. The firm is”[a]ssuming interest rate expectations and bond yields stay calm for a period of time, which is probable as inflation will temporarily decelerate, first in the U.S. and then elsewhere. Central banks, in turn, likely will briefly cool their newfound hawkishness,” MRB wrote in an email. Source link

Every Bitcoin investor is searching for signals that the market is approaching a bottom, but the price action of this week suggests that we’re just not there yet.  Evidence of this can be found by looking at the monthly return for Bitcoin (BTC), which was hit with a rapid decline that “translated to one of the biggest drawdowns in monthly returns for the asset class in its history,” according to the most recent Blockware Solutions Market Intelligence Newsletter. Bitcoin monthly returns…. Source link

Ethereum Classic’s (ETC) price surged more than 9% in the last 24 hours, with trading volume jumping 40%. The rally is fueled by instability in the Ethereum Beacon Chain that underwent block reorganization, questioning the stability of transitioning to proof-of-stake (PoS). While the Ethereum (ETH) price slips below $1800, the proof-of-work (PoW) ETC price continues to soar higher. Ethereum Classic (ETC) Defies Market Wide Correction The Ethereum Classic (ETC) price has risen more… Source link

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