The Ethereum Merge came and went, leaving investors to ponder what the next trending development in the market could look like. In a Cointelegraph Twitter Space with Capriole founder Charles Edwards, the analyst mentioned that excitement over the Ethereum Merge and its bullish price action had somewhat been holding up hope across the market. Now that the event has come and gone, the crypto market has been selling off, with Bitcoin’s (BTC) price trading below $20,000 and Ether’s (ETH)… Source link

Ethereum’s native token Ether (ETH) has been forming an inverse-cup-and-handle pattern since May 2021 on the weekly chart, which hints at a potential decline against Bitcoin (BTC).  ETH/BTC weekly price chart featuring inverse cup-and-handle breakdown setup. Source: TradingView An inverse cup-and-handle is a bearish reversal pattern, accompanied by lower trading volume. It typically resolves after the price breaks below its support level, followed by a fall toward the level at a length equal… Source link

Monero receives a weak long-term technical score of 27 from InvestorsObserver‘s research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin’s support and resistance levels, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. XMR currently holds a superior long-term technical analysis… Source link

It’s fair to say that Ethereum‘s (ETH -5.82%) highly anticipated Merge — whereby the cryptocurrency migrated from the resources-draining proof-of-work mining protocol to the more efficient proof of stake — went fairly smoothly. The engineers nailed the process, but investors aren’t exactly celebrating right now. The world’s second-most-valuable crypto initially sold off following the Merge. An investment losing value after a widely expected bullish event isn’t a surprise…. Source link

Monero Classic receives a high risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a coin can be manipulated by limited trading. The score ranges from 0 to 100, with low scores representing high risk and high values equating to low risk. … Source link

Bitcoin (BTC) exchanges have seen huge volumes this month as price declines lead to renewed interest in trading. Data from sources including on-chain analytics firm Glassnode shows exchange inflows hitting their highest since March 2020. “The scent of volatility is in the air” On Sept. 14, over 236,000 BTC made its way to the 1 major exchanges tracked by Glassnode. This was the largest single-day spike since the chaos that surrounded Bitcoin’s dip to just $3,600 in March 2020. Bitcoin total… Source link

Litecoin might be covered by Chinese property law, according to China’s top court, Beijing Number One Intermediate People’s Court. A Chinese court has ruled that residents may trade cryptocurrencies but may not use them as a cash alternative in a legal case concerning Litecoin. A court in Beijing has found that Litecoin is protected by Chinese property law. #Litecoin $LTChttps://t.co/yjuZpltKWp pic.twitter.com/VDZYo9eHoY — Litecoin (@litecoin) September 15, 2022 The judgment was made by… Source link

While Bitcoin (BTC -1.77%) is still the No. 1 cryptocurrency in the world as measured by market capitalization, there are plenty of reasons to think other cryptocurrencies could eventually surpass it. Before this year’s crypto market retreat, the conventional wisdom was that Bitcoin was a hedge against inflation and a long-term store of value. Some even called it “digital gold.” But those assumptions are now very much in doubt. So which cryptos could might displace Bitcoin at… Source link

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The successful merge carried out by the Ethereum network this week hasn’t staved off the effects of crypto’s ongoing bear market, with Ethereum’s price down around 8% in the past 24 hours. Ethereum, the second largest cryptocurrency by market cap, is currently trading hands around $1,460, down 8.2% over the past 24 hours, according to CoinMarketCap. Over the past seven days, Ethereum shed more than 14% of its value, tumbling from $1,740.88 on Wednesday to as low as $1,448.95 in the early… Source link