Merge-related cryptocurrencies, including Ethereum (ETH), Ethereum Classic (ETC), and Lido Finance (Lido), have posted severe losses over the past 24 hours. Ethereum dropped 8.82% over the past 24 hours and trades at around $1,515 after bouncing off from its support at $1,500 earlier today. Ethereum is now down 68.95% from its all-time highs of $4,891.70 recorded in November 2021, per data from CoinMarketCap. On a weekly note, ETH is down 4%, hitting a new weekly low after the months-long… Source link

Text size Crypto prices took their latest dramatic leg downward late Tuesday. Dusan Zidar/Dreamstime … Source link

Ethereum [ETH] has been attracting interest from the majority of the crypto community lately. This is mostly due to the upcoming release of the Merge. However, the transition to Proof-of-Stake (PoS) has also led to intense questions surrounding ETH issuance. A recent analysis from Glassnode addressed this conundrum surrounding Ether issuance under two possible scenarios. The chart below presents $ETH issuance under two scenarios: 🟠 $ETH issued on both PoW + PoS chains,… Source link

Litecoin is down by less than a percentage point in the early hours of today’s trading session. The drop comes a day after Litecoin had one of its largest drops since June 16, after it lost 10.40 per cent of its value.  Yesterday’s 10.4 per cent drop in the markets did not come as a surprise. Before the drop, Litecoin prices had traded along the $60 resistance level for four consecutive trading sessions without successfully breaking out of the resistance level to the upside. During… Source link

Bitcoin continues to trade in a tight range of $18,000 to $24,000 mark, keeping investors on edge about where the price is going next. The crytpo market has been plagued with a number of issues from collapsed projects to bankruptcies. Nurphoto | Getty Images Bitcoin traded below $19,000 on Wednesday morning, hitting its lowest level since June following a drop in stock markets globally and the continued strength of the U.S. dollar. The value of the entire cryptocurrency market also fell below… Source link

A year ago, El Salvador began accepting Bitcoin as legal tender following a controversial and much criticized decision by President Nayib Bukele. All seemed rosy for the first few months as citizens enthusiastically embraced the new opportunity, but Bitcoin’s value has plummeted since and some experts say the move has been a failure. Maria Aguirre, 52, a shopkeeper in the El Zonte seaside resort that has been a major center for Bitcoin use, says things were going well last year as Bitcoin’s… Source link

Bitcoin broke the key $19,500 support against the US Dollar. BTC is showing bearish signs and remains at a risk of a move towards the $18,000 level. Bitcoin failed to start a fresh increase and declined below the $19,500 support. The price is now trading below the $19,000 level and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance near $19,420 on the hourly chart of the BTC/USD pair (data feed from… Source link

An $860 surprise price correction on Sept. 6 took Bitcoin (BTC) from $19,820 to $18,960 in less than two hours. The movement caused $74 million in Bitcoin futures liquidations at derivatives exchanges, the largest in almost three weeks. The current $18,733 level is the lowest since July 13 and marks a 24% correction from the rally to $25,000 on Aug. 15. Bitcoin/USD 30-min price. Source: TradingView It is worth highlighting that a 2% pump toward $20,200 happened in the early hours of Sept. 6,… Source link

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Dennis Diatel Photography/iStock Editorial via Getty Images Ethereum (ETH-USD) heads for a blockchain update in September and this article explains the recent developments and outlook for the coin. Ethereum breaks market correlation ahead of the Merge The Ethereum price was around 7% higher over the last week ahead of the blockchain’s imminent Merge upgrade. The price was able to break its correlation with Bitcoin (BTC-USD) and the broader market with the former losing nearly 1%. Ether is… Source link