If you have been keeping tabs on Bitcoin [BTC] and the crypto market at large for the last few months, chances are you are feeling a bit bitter. Unless you happen to be one of the Bitcoin critics and doom-mongers, in which case, you may be gleaming with joy. It is difficult, especially for those new to crypto investing to avoid panicking as cryptocurrencies continue crashing. However, there are multiple reasons why you should keep calm and trust Bitcoin. For starters,… Source link

Ethereum (ETH) shark and whale addresses have been stocking up on ETH. This could be an indicator that ETH investors have a bullish outlook on ETH. Crypto derivatives exchange dYdX announced that it will be abandoning the Ethereum ecosystem. Ethereum (ETH) sharks and whales, addresses that have between 100 to 100k crypto holdings, have been stocking up on ETH. These addresses have collectively added about 1.1% more of the coin’s supply to their bags after ETH’s most recent… Source link

Ethereum price is retesting the last line of defense at $1,049, signaling a potential crash. Whales holding between 100 to 100,000 ETH are accumulating at these dangerous levels. A breakdown of $1,049 could trigger a 35% crash to the $658 support level. Ethereum price faced rejection after failed attempts to move past a significantly important resistance barrier. This development has led to ETH reversing the trend and returning to a stable support level, which will… Source link

Everyone expects another Bitcoin (BTC) capitulation event, but data suggests that mass buying has already started. In a Twitter thread on June 29, Checkmate, lead on-chain analyst at data firm Glassnode, drew attention to who in Bitcoin is really stacking sats. Shrimp or whale, Bitcoin hodlers are stacking sats Bitcoin selling has made the headlines for weeks, and has even begun to include long-term holders (LTHs) — those who have been guarding their coins for 155 days or more. Speculators are… Source link

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For all the gloom, some analysts say that the bottom may be near. By Joanna OssingerBloomberg Published On 30 Jun 202230 Jun 2022 Bitcoin is on track for its worst quarter in more than a decade, as more hawkish central banks and a string of high-profile crypto blowups hammer sentiment. The 58% drawdown in the biggest cryptocurrency is the largest since the third quarter of 2011, when Bitcoin was still in its infancy, data compiled by Bloomberg show. The decade in between those hallmarks saw… Source link

Bitcoin (BTC) lost 3% in an hour and Ether (ETH) drifted toward $1,000 on June 30 as pessimism took control of crypto markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders eye “sweep of lows” for BTC Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $19,224 on Bitstamp during Asian trading, its lowest since June 19. A lack of momentum on upticks combined with a failure to reclaim critical support at the 200-week moving average set the scene for… Source link

Ethereum [ETH], the king of altcoins has failed to register any significant improvement in the month of June. It is still stuck with the bears at the $1k level. Notably, this level was previously visited by the coin at a time when the market crash wiped out 46.4% of the ETH’s value. But with Q3 of 2022, circumstances might take a positive turn for ETH holders. Ethereum needs a boost Observing the entire Ethereum network, one can simply say that Ethereum needs a boost from… Source link

Microstrategy has purchased more bitcoin amid a heavy market sell-off. The announcement followed a clarification by the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, stating that bitcoin is a commodity. Microstrategy Buys the Dip The Nasdaq-listed software company Microstrategy has bought the bitcoin dip again. In a Wednesday filing with the U.S. Securities and Exchange Commission (SEC), the company declared that during the period between May 3 and June… Source link

Monero Classic (XMC) gets a neutral rating from InvestorsObserver Wednesday. The crypto is down 69.15% to $0.05921360158 while the broader crypto market is down 1.37%. Monero Classic has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Monero Classic! Neutral Over the last five days, Monero Classic has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment… Source link