Despite prices rallying in today’s session, bitcoin continued to trade below $20,000 on Wednesday following recent declines. Although ETH was also marginally higher, its price was once again trading under $1,100. Overall, crypto markets were nearly 1% higher as of writing. Bitcoin Bitcoin was trading slightly higher on Wednesday, however prices of the token are still under $20,000 following a recent sell-off. The world’s largest cryptocurrency rose to an intraday high of… Source link

Despite the ongoing crypto carnage, investment products have witnessed some recovery across several countries. Speaking in particular, Ethereum [ETH] assets are showing growth across major indices in the past week. These signs are indicating a growing investors’ confidence in Ethereum with the Merge on the horizon. Back on track Institutional investors are eyeing a recovery for digital asset investment products as seen in the CoinShares’ latest weekly report. The report… Source link

Last year, the word “crypto” was trending all over the internet as the crypto market was generally flourishing.  However, now it appears that the good fortunes of digital coins havee waned as cryptos have slipped into a serious bear market. Bloomberg recently reported that while the short-term investors wasted no time in dumping their holdings, even the old-timers are now exiting the scene. The most recent Bitcoin (BTC) crash saw the asset’s price go as low as $17,000, its lowest price… Source link

The Litecoin price analysis shows the cryptocurrency is in bullish mode today, as the price has started to recover today after some stronger corrections observed till yesterday. LTC was in a downtrend for the last three days and lost significant value during this time. The coin also came below the psychological mark of $50. However, the price curve turned upward as the coin rejected further downside below $46.8. LTC is currently testing $48.8 resistance, and a break above seems possible.

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Ethereum (ETH) emerged as the best-performing cryptocurrency last week, with a 10 percent increase. Moreover, it was stated that the recently constructed ascending trendline for the cryptocurrency should boost ETH higher if market conditions were truly optimistic. The ETH price exhibited early signs of weakness as the decentralized smart contract token failed to soar over the steep trendline. On Tuesday, a new negative thesis predicted that the $1,122 level will be breached with objectives… Source link

Ethereum’s native token, Ether (ETH), is down nearly 40% against Bitcoin (BTC) since December 2021. But, even more pain is possible for the ETH/BTC pair in the coming weeks, based on a classic technical indicator. Ethereum price risks technical breakdown The ETH/BTC chart has been forming a bear flag since early June 2022 on the three-day timeframe. In detail, bear flags are considered bearish continuation patterns that form as the price consolidates higher inside a range defined by two… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. Bitcoin has formed a range between $22.8k and $18.8k over the past month, with $21.8k also serving as a crucial resistance level. Monero has been able to grind its way higher over the past month, but the longer-term trend still favored the bears. In such a fearful market, a move above the $135 resistance level could be… Source link

In brief Stepn, a popular Web3 “move-to-earn” fitness game, has expanded a program to buy back and burn its GMT tokens. The game will also expand from Solana and BNB Chain to Ethereum. Stepn, a Web3 fitness game billed as a “move-to-earn” experience, is making some major moves of its own. The startup announced today it will use a portion of its Q2 profits to buy back and burn tokens, plus the firm recently revealed an expansion to the Ethereum blockchain. According to the company, it… Source link