Crypto analyst Benjamin Cowen is laying out what he thinks could be the worst-case scenario for Ethereum (ETH) in terms of price action. In a new strategy session, Cowen says that a potential dip down to the range between $400 and $800 is the worst thing we could see for ETH, but that it would also present the opportunity of a lifetime for bulls. “Some people have asked me what is my worst-case scenario on Ethereum. For me, I would look at the logarithmic regression band and say… Source link

Bitcoin, the world’s largest cryptocurrency, has showcased a strong will to stand up on its feet over the past couple of weeks. However, despite that, Bitcoin dropped below $22,000 recently, triggering rapid losses for traders. In fact, even the demand zone took a heavy blow as we speak. The sky full of blood Liquidations across the crypto-market have quickly added up over the last 24 hours. Data from Coinglass highlighted that roughly $600M in crypto were liquidated and… Source link

Bitcoin has been put to the extreme test during the past few weeks as this year’s cryptocurrency market crash has raised questions about the viability of the industry, with investors bearing the brunt of the collapse and market fear hitting a new high. Fears of a worldwide recession and the highest inflation in over four decades have delivered a heavy blow to the young cryptocurrency market in 2022, spawning a brutal crypto winter that has driven… Source link

The cryptocurrency market is neither bullish nor bearish, according to CoinMarketCap. ETH/USD The rate of Ethereum (ETH) has gone down by 18.23% over the last week. On the local time frame, Ethereum (ETH) has bounced off the $1,628 level. If buyers can’t seize the initiative, there is a high chance to see a test of the $1,600 mark by the end of the day. On the daily chart, Ethereum (ETH) is located in the middle of the narrow range between the support at $1,524 and the resistance at… Source link

Bitcoin, again, went on a steep downtrend on 18 August after seeing steady uptick following its massive decline in June. In fact, for a brief while, the king coin also managed to cross the $24,000-mark, which gave hope to investors for a further surge before moving south.  At the time of writing, BTC was trading at $21,119.65 with a market capitalization of $403,966,011,914. However, before panic selling, investors might look at some metrics. Especially since some data sets… Source link

Litecoin (LTC) has been relatively less volatile compared to the crypto market. So far Saturday, the Digital Money has declined 2.57% to $53.82. InvestorsObserver is giving Litecoin a 22 Volatility Rank. Find out what this means to you and get the rest of the rankings on Litecoin! Low Volatility InvestorsObserver gives Litecoin a low volatility rank of 22, placing it in the bottom 22% of cryptos on the market. The Volatility Gauge… Source link

Bitcoin (BTC) recovered modestly on Aug. 20 but remained on course to log its worst weekly performance in the last two months. Bitcoin hash ribbons flash bottom signal On the daily chart, BTC’s price climbed 2.58% to $21,372 per token but was still down by nearly 14.5% week-to-date, its worst weekly returns since mid August. Nonetheless, some on-chain indicators suggest that Bitcoin’s correction phase could be coming to an end. That includes Hash Ribbons, a metric that tracks Bitcoin’s hash… Source link

This week in coins. Illustration by Mitchell Preffer for Decrypt. It was a very red week for crypto, with most leading cryptocurrencies depreciating  over the seven days as heavyweights like Bitcoin and Ethereum posted double-digit percentage losses by the weekend.  Bitcoin is currently down 13% and sells for $21,309, according to data from CoinMarketCap. Ethereum, the world’s second largest cryptocurrency by market capitalization, tumbled almost 18% to hit $1,635 at the time of… Source link

Editah Patrick Editah is a versatile fintech analyst with a deep understanding of blockchain domains. As much as technology fascinates her, she finds the intersection of both technology and finance mind-blowing. Her particular interest in digital wallets and blockchain aids her audience. Source link

Text size How strong is the link between stocks and Bitcoin? AFP via Getty Images Source link