Arman Shirinyan Ethereum remains winner on market despite massive crash and devastation The FTX tragedy left multiple coins on multiple markets in the dust as the exposure the exchange had and provided could not pass unnoticed by any major cryptocurrency project. However, the reactions and behavior of Ethereum on the market is something not everyone would have expected. The nosedive the cryptocurrency market took between Nov. 7 and 9 was devastating, with most assets tanking by 20% ,… Source link

Bitcoin (BTC) is setting unenviable records this week as hodlers big and small battle some major pain. Data from on-chain analytics firm Glassnode shows over one-third of the BTC supply being held at a loss by long-term hodlers (LTHs) — a new all-time high. Long-term holders shoulder record unrealized losses Profitability has taken a serious hit in recent days, and on-chain data confirms that even the most seasoned investors are suffering. As BTC/USD crashed to two-year lows of $15,600,… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Litecoin is still holding on above June lows despite recent crash The altcoin offered profit-making opportunities this week If you held Litecoin (LTC) since October, chances are that you felt less of a pain from its bearish performance this week than most other cryptocurrencies. This is because LTC’s crash this week only undid the gains it… Source link

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Litecoin is still holding on above June lows despite recent crash The altcoin offered profit-making opportunities this week If you held Litecoin (LTC) since October, chances are that you felt less of a pain from its bearish performance this week than most other cryptocurrencies. This is because LTC’s crash this week only undid the gains it… Source link

Ethereum price lacks strength and is likely to oscillate between the $1,280 and $1,080 barriers for the foreseeable future. Whales holding 100 to 10,000 ETH are gobbling up the altcoin after the recent selling frenzy. A daily candlestick close above $1,280 or a breakdown of $1,080 will define the directional bias for the smart contract token. Ethereum price shows a lack of buying pressure as it approached a crucial hurdle recently. As a result, ETH is now facing a… Source link

Bitcoin (BTC) crashed below $16,000 on Nov. 9, driving the price to its lowest level in two years. The 2-day correction totaled a 27% downtrend and wiped out $352 million worth of leverage long (buy) futures contracts. To date, Bitcoin price is 65% down for 2022, but it’s essential to compare its price action against the world’s biggest tech companies. For instance, Meta Platforms (META) is down 70% year-to-date, and Snap Inc. (SNAP) has dropped 80%. Furthermore, CloudFare (NET) lost 71% in… Source link

Monero (XMR) gets a bearish rating from InvestorsObserver Thursday. The Digital Money asset is up 2.79% to $132.81 while the broader crypto market is up 6.16%. Monero has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Bearish Over the last five days, Monero has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of… Source link

After a 59% return in 2020 and a 60% return in 2021, a 67% decline year to date clearly wasn’t the type of performance that Bitcoin (BTC -1.20%) investors were expecting in 2022. But as legendary investor Peter Lynch once stated, “The key to making money in stocks is to not get scared out of them.” While Lynch was talking about the stock market at a time before cryptocurrency came along, his advice is equally prescient for crypto investors today. Many investors have sold their crypto… Source link

Ethereum and the rest of the crypto markets are now experiencing yet another crippling calamity. They call it the ‘black swan’ event, which caused the disintegration of one of the largest crypto exchanges in the world, FTX. With claims of mismanaged customer funds and alleged government scrutiny, Binance, the largest cryptocurrency exchange in the world, abruptly backtracked on Wednesday and announced it would not be buying rival FTX.com. The term “black… Source link

Ethereum and the rest of the crypto markets are now experiencing yet another crippling calamity. They call it the ‘black swan’ event, which caused the disintegration of one of the largest crypto exchanges in the world, FTX. With claims of mismanaged customer funds and alleged government scrutiny, Binance, the largest cryptocurrency exchange in the world, abruptly backtracked on Wednesday and announced it would not be buying rival FTX.com. The term “black… Source link