Ethereum dipped below the $1,900 support level over the past few hours. A decisive close below such a vital demand zone will put ETH at risk of a 38% correction toward $1,200. This pessimistic outlook derives from the formation of a bear pennant pattern on the four-hour chart.  ETH 4-hour chart Ethereum would have to claim $2,100 as support for a chance of invalidating the bearish thesis, which appears like a challenging tasks due to the low trading volumes in the… Source link

U.S. Senator Ted Cruz says he is “incredibly bullish” on bitcoin and purchases the cryptocurrency weekly for his portfolio. Emphasizing that cryptocurrency “will change the world,” the senator said, “Uncontrolled, decentralized currency is terrifying for those who want control of currency.” Senator Ted Cruz ‘Incredibly Bullish’ on Bitcoin, Crypto Senator Ted Cruz (R-TX) discussed bitcoin at the Heritage Foundation’s Bitcoin and the American Experiment event Monday…. Source link

Ahead of the Merge tentatively penciled in for August, Ethereum’s Beacon Chain experienced a seven-block reorganization (reorg) yesterday. According to data from Beacon Scan, on May 25 seven blocks from number 3,887,075 to 3,887,081 were knocked out of the Beacon Chain between 08:55:23 to 08:56:35 AM UTC. The term reorg refers to an event in which a block that was part of the canonical chain, such as the Beacon Chain, gets knocked off the chain due to a competing block beating it out. It… Source link

The cryptocurrency market settled into a holding pattern on May 25 after traders opted to sit on the sidelines ahead of the midday Federal Open Market Committee (FOMC) meeting where the Federal Reserve signaled that it intends to continue on its path of raising interest rates. According to data from Alternative.me, the Fear and Greed Index seeing its longest run of extreme fear since the market crash in Mach 2020. Crypto Fear & Greed Index. Source: Alternative Data from Cointelegraph Markets… Source link

Text size ECB President Christine Lagarde says she thinks cryptocurrencies are worth nothing. Dusan Zidar/Dreamstime.com … Source link

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Bitcoin (BTC) is predicted to drop more than 70% to the $8,000 value area, according to comments by Guggenheim chief investment fficer Scott Minerd. This is not the first time he has made a bearish call, and he has, in the past, made bullish calls as well. However, Minerd’s more recent calls have occurred just before major reversals. Scott Minerd BTC price calls:– $600k at $60k → went to $30k.– $10k at $30k → price to $65k.– $8k at $30k (again) → TBD. pic.twitter.com/NWjrRdegFM —… Source link

Arman Shirinyan Privacy coins are gaining traction on cryptocurrency market and breaking from the correlation with bleeding Bitcoin and Ethereum With growing demand for “privacy coin” Monero and other cryptocurrencies that offer an anonymous and secure experience on the blockchain are enjoying rises in their value. XMR gained almost 17% in the last seven days despite the ongoing correction on the crypto market, per CoinMarketCap. As the data suggests, XMR almost completely ignores the… Source link

Litecoin price is set to rally 36% on positive headlines. LTC price will be close to throwing off dollar strength. Expect to see a return to $94, with, once broken, a rally above $110 Litecoin (LTC) price is at the cusp of unchaining itself from the relentless dollar strength that has been casting a shadow on price action this month. With Junejust around the corner, an uptrend is set to kick in as Russia has said it is willing to start talks to open up all the… Source link

Ethereum’s price held steady amid signs its proof of stake blockchain shift is imminent. Photo: Dado Ruvic/Illustration/Reuters Ethereum’s price has consolidated after another signal that the ‘proof of stake’ merge is fast approaching. Two recent announcements that ethereum’s merge is imminent have encouraged investors to prepare for a bullish breakout of the world’s second largest cryptocurrency. Ethereum’s merge will see the energy-intensive proof-of-work mining cease on the network and a… Source link