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

On the day of the U.S. midterms and two days ahead of the latest CPI report, Bitcoin and Ethereum have been rattled.  Bitcoin’s (BTC) bullish momentum has faded, with the leading cryptocurrency hitting a new weekly low of $19,563.35, according to data from Coingecko. After staging a modest recovery, Bitcoin now changes hands at around $19,730, down 4.8% over the past 24 hours, suggests data from CoinGecko. The bearish price action accompanied Bitcoin’s daily trading volume rising 48.54% to… Source link

Cryptocurrencies come and go, but the ones that stay relevant with time often have utility behind them. This is why today we will look at some fantastic crypto projects such as Monero (XMR) & Chiliz (CHZ) and find out how they compete in the industry. You will also learn quite a few things about Big Eyes Coin (BIG), enabling you to figure out why everyone is talking about this meme currency right now. So, without much hassle, let’s review… Source link

The crypto market has been hit hard by the unexpected crypto crash that occurred on the 8th of November, 2022. The crash happened after news of the third largest cryptocurrency exchange declared bankruptcy. Many people had assets stored on FTX, so they attempted to withdraw their assets at a large scale. Unfortunately, this was halted, and it is now believed FTX owes creditors up to $3.1 billion. As all significant events affect crypto, this one did too. The mass hysteria caused people to… 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

Ethereum started a major decline below the $1,500 support against the US Dollar. ETH faced an increase in selling after the market dumped FTT, SOL, and DOGE. Ethereum started a major decline below the $1,550 and $1,500 levels. The price is now trading below $1,500 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,570 on the hourly chart of ETH/USD (data feed via Kraken). The pair is down over 7% and… Source link

Ethereum started a major decline below the $1,500 support against the US Dollar. ETH faced an increase in selling after the market dumped FTT, SOL, and DOGE. Ethereum started a major decline below the $1,550 and $1,500 levels. The price is now trading below $1,500 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $1,570 on the hourly chart of ETH/USD (data feed via Kraken). The pair is down over 7% and… Source link

Ethereum price is breaking below a significant trend line, hinting at a crash. Transaction data shows that roughly 9 million ETH held by 3 million addresses will slip into “Out of the Money” territory. A four-hour candlestick close above $1,646 will invalidate the bearish thesisfor ETH. Ethereum price shows a lack of buying pressure that has resulted in a slip below a significant support structure. If bulls fail to make a comeback at this juncture, things could… Source link

Bitcoin price failed to stay above $20,600 and extended losses. BTC must stay above $20,000 to avoid a major decline in the near term. Bitcoin started a downside correction and broke a major support at $20,600. The price is trading below $20,600 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $21,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could revisit the main $20,000… Source link

Bitcoin price failed to stay above $20,600 and extended losses. BTC must stay above $20,000 to avoid a major decline in the near term. Bitcoin started a downside correction and broke a major support at $20,600. The price is trading below $20,600 and the 100 hourly simple moving average. There is a major bearish trend line forming with resistance near $21,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could revisit the main $20,000… Source link