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Bitcoin’s (BTC) month-to-date chart is very bearish, and the sub-$18,000 level seen over the weekend was the lowest price seen since December 2020. Bulls’ current hope depends on turning $20,000 to support, but derivatives metrics tell a completely different story as professional traders are still extremely skeptical. BTC-USD 12-hour price at Kraken. Source: TradingView It’s important to remember that the S&P 500 index dropped 11% in June, and even multi-billion dollar companies like… Source link

Most investors in the crypto market have been feeling the heat ever since digital assets like Ethereum began their downtrend. Being more than 70% down from its all-time high, it’s no secret that a good number of investors are held holding Ethereum bags that are currently in the loss. However, there are some that have been hit incredibly hard in this market. Mostly due to the absolutely degenerate positions that they have taken in the market. Ethereum Wallet… Source link

Canada’s Purpose Bitcoin ETF (BTCC) witnessed its Bitcoin (BTC) holdings slashed by half in just one day, suggesting an alarmingly waning buying sentiment among the crypto’s most-experienced investors. Purpose Bitcoin ETF has 51% of AUM slashed The fund’s holdings dropped from $47,818 BTC to 23,307 BTC between June 16 and 17, its lowest level since October 2021. The 51% drop in BTC holding is also the biggest daily outflow ever. Purpose Bitcoin ETF holdings. Source: Glassnode Interestingly,… Source link

Image source: Getty Images The entire crypto space was up more than 5% today, reaching a total market value of $907 billion according to CoinMarketCap. Key points The two most valuable crypto projects — Bitcoin and Ethereum — are leading a relief rally within the beaten down digital asset… Source link

Ever since we have been introduced to the world of cryptocurrencies, there have been a lot of new token launches nearly every day. Due to the current market volatility, it is important to choose the correct next big cryptocurrency that can deliver the best return on investment. If you are a cryptocurrency enthusiast, you might want to consider looking at the 3 cryptos that we have selected after a lot of research. All 3 have great use cases and could potentially deliver huge returns in the… Source link

Text size The Bitcoin Strategy ETF topped $1 billion in assets within two days. Dreamstime Investors will… Source link

2022 has been a hard year for crypto enthusiasts and investors as the market took a massive hit. Both promising decentralized projects like Ethereum (ETH) and Cardano (ADA) were not spared in the overwhelming price dump.  On the bright side of the market, new crypto tokens like Logarithmic Finance (LOG) are rising to the surface with good potential and quality features. This might be a good time to do more research on them and possibly invest in them for the future.  Ethereum (ETH) Ethereum… Source link

Key Takeaways Bitcoin jumped by 20% after printing a low of $17,600 this weekend.  Meanwhile, Ethereum surged by over 29% from a low of $880. Both assets have reached crucial areas of resistance after the recent rebound.   Share this article Ethereum took the lead in the latest cryptocurrency market revival, outperforming Bitcoin. Still, both assets appear to have more room to ascend. Bitcoin and Ethereum Rise The two largest cryptocurrencies by market capitalization, Bitcoin and… Source link

The founder Charlie Lee launched a new hashing algorithm in the name of Litecoin, which offers faster transactions than Bitcoin. Moreover, it is more scalable and suitable for P2P crypto transactions. Now merchants no longer have to wait an hour for Bitcoin-based transactions and can choose Litecoin as an alternative. However, it is not a time-tested solution like Bitcoin, so a user should use Litecoin for small transactions. It is an open-source project that runs on a Proof-of-Work… Source link