It has been a volatile yet positive week for cryptocurrencies, as traders ignored the warnings from crypto winter veterans that there was more downside in store and jumped back into the market at the first sign of rising prices.  Evidence for the reversal in sentiment can be found in the Crypto Fear & Greed Index, which has climbed into the fear zone after spending a record time in the extreme fear territory due to collapsing prices in May and June. Crypto Fear & Greed Index. Source:… Source link

The crypto market has extended its bullish momentum despite recent tailwinds, Ethereum continues to lead in this recovery. The second crypto by market cap trades at $1,600 with a 35% profit in the past week. Related Reading | Crypto Market On The Mend: ApeCoin And Curve DAO Show Gains Trading firm QCP Capital shared a market update claiming the current bullish price action has been a “pleasant surprise for all”. This price action started on the back of the latest U.S. Consumer Price… Source link

Monero receives a strong long-term technical score of 74 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

The previous $19,000 Bitcoin (BTC) support level becomes more distant after the 22.5% gain in nine days. However, little optimism has been instilled as the impact of the Three Arrows Capital (3AC), Voyager, Babel Finance and Celsius crises remain uncertain. Moreover, the contagion has claimed yet another victim after Thai crypto exchange Zipmex halted withdrawals on July 20. Bitcoin/USD 1-day price. Source: TradingView Bulls’ hopes depend on the $23,000 support strengthening as time goes by,… Source link

Altcoins have been collectively rallying over the last couple of days. On the weekly, most of the top alts have managed to pose double-digit return figures. However, one particular alt that had been living under the shadow of the alt king Ethereum, has been stealing the limelight of late. While the likes of Cardano, XRP, Solana, and Dogecoin had their 7-day RoI capped under 20%, the #22nd ranked Ethereum Classic, has climbed up by 77%. The token has managed to pull off a 180-degree flip… Source link

Ethereum Classic (ETC) has been outperforming its arch-rival Ethereum’s native token Ether (ETH) during the current crypto market rebound with the ETC/ETH pairs at 10-month highs. Why is ETC beating ETH? ETC’s price has risen to $27 on July 22, amounting to a 100% gain in nine days after bottoming out at $13.35. Comparatively, ETH’s price has seen a 64% rally in U.S. dollar terms. ETC/USD versus ETH/USD daily price chart. Source: TradingView Ethereum’s rebound has been among the sharpest among… Source link

Key Takeaways Ethereum is currently presenting a sell signal on the daily chart. The bearish formation comes after ETH rallied 40%. A spike in profit-taking could push ETH to the $1,300 support level. Share this article Ethereum could be on the verge of a significant correction after gaining more than 400 points in market value over the past week. Still, on-chain data shows that ETH is sitting on a stable support level. Ethereum Flashes Sell Signal Ethereum appears to be trading in… Source link

Ether (ETH) was up 9% on the day, extending this month’s spectacular rally, with a 52% price gain in July alone. On Thursday, Ethereum co-founder Vitalik Buterin spoke about the network’s upcoming Merge at the Ethereum Community Conference in Paris. He said that in terms of Ethereum’s overall network development, the protocol will be “55% complete once we finish the Merge.” Thus, there is much more work for developers ahead. Source link

Ethereum was back in the green on Friday, as bulls returned to action following yesterday’s selloff. Crypto markets set aside concerns over Tesla’s bitcoin sale, extending this week’s rally in the process. Bitcoin was also up in today’s session, as it headed back towards $24,000. Bitcoin Bitcoin (BTC) prices rose on Friday, as markets rebounded following yesterday’s Tesla-led selloff. The world’s largest cryptocurrency climbed to an intraday high of $23,663.72 in… Source link

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