“BTC has never previously fallen below such marks, so it is now getting support from buyers confident in the first cryptocurrency’s long-term growth,” FxPro senior market analyst Alex Kuptsikevich said. “Another supportive factor was the rebound in financial markets, where the new half-year was met with increased buying.” Source link

From a historical perspective, the loss in value realized across the cryptocurrency market over the past several months has been one for the record books and the total cryptocurrency market cap has declined from $3 trillion to $991 million.  June was especially painful for investors after the price of Bitcoin (BTC) fell nearly 40% to mark one of its worst calendar months on record according to a recent report from cryptocurrency research firm Delphi Digital. BTC/USD monthly candles vs. MoM%… Source link

The upcoming Ethereum (ETH) Merge is one of the most talked about developments in the cryptocurrency ecosystem as the world’s second-largest cryptocurrency by market cap undergoes the difficult transition from proof-of-work (PoW) to proof-of-stake (PoS).  One protocol whose fate is largely tied to the successful completion of the Merge is Lido DAO (LDO), a liquid staking platform that allows users to tap into the value of their assets for use in decentralized finance and earn yield from… Source link

Weekly deposits of the Ethereum 2.0 staking contract have been going down recently due to the plunging price of ETH, and are now at the lowest value ever. Ethereum 2.0 Contract Is Now Observing Only 122 32-ETH Deposits Per Day As per a report from analytics firm Glassnode, the ETH 2.0 average deposits have sharply dropped off recently as the crypto’s price has been in freefall. The “ETH 2.0 staking contract” is a smart contract where users can lock in their… Source link

Ethereum price shows an uptick of sellers’ transactions on the Volume Profile Indicator. 10% of Ethereum circulating supply has been staked by investors suggesting optimism for Ethereum 2.0. Invalidation of the downtrend is a breach above the $200-week moving average at $1,200. Ethereum price could commence another liquidity hunt targeting $950. The bulls will need to step in soon to alter the bearish narrative, as market sentiment alone is failing to reach higher… Source link

Periods of undervaluation are historically marked by large sell-offs of bitcoin, such as the crash at the beginning of the COVID-19 pandemic or in November 2018. “Whether you bought at $3,200 or $3,800 in 2018, or whether you bought at $5,200 or $6,200 in 2020 ultimately made no difference,” he said. Source link

Bitcoin (BTC) headed for $20,000 after the July 11 Wall Street open amid fresh warnings to “prepare for new lows.” BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $20,300 eyed as next support zone to hold Data from Cointelegraph Markets Pro and TradingView showed BTC/USD failing to recover losses that had immediately followed the weekly close at $20,850. The pair had nonetheless locked in its best week’s gains since March, these nonetheless apt to unravel as market uncertainty… Source link

Solana (SOL) still has room to fall in the near term, but SOL/USD can rally 5,000% if it follows in the footsteps of its top rival Ethereum.  That Ethereum 2018 fractal SOL risks dropping to $15 on anticipations it would behave like Ethereum during the market crash in 2018. Notably, Ethereum’s native token Ether (ETH) price fell to nearly $79 in December 2018 after undergoing a 95% correction earlier that year from its peak of $1,529. Afterward, it underwent a long recovery, rising nearly… Source link

The Monero (XMR) crypto gained more than 5%, with a 135% jump in trading volume in the trailing last 24 hours to Monday morning. XMR is ranked 27th based on its market capitalization, as per Coinmarketcap.com. What is Monero (XMR) crypto? The project, launched in 2014, can hide the identities of the sender or the recipient of the money. Although Bitcoin (BTC) is commonly thought to provide complete anonymity, it is not often the case. It is found that transaction history can be traced back… Source link

What happened Several of the main cryptocurrencies fell this morning, as investor sentiment is still negative and as the market prepares for a key inflation report later this week. Over the past 24 hours, as of 10:21 a.m. ET today, shares of the world’s largest cryptocurrency, Bitcoin (BTC -4.20%), traded roughly 3% lower. At the same time, shares of the world’s second-largest cryptocurrency, Ethereum (ETH -4.51%), traded roughly 2.7% down and shares of the meme… Source link