An early Saturday morning slide saw Ethereum slip below the key support level of $1,000, and Bitcoin fall as low as $18,905, representing significant new lows in already bearish crypto market, according to CoinMarketCap. Ethereum dropped precipitously from $1,076 to $986 in less than two hours. Bitcoin is down nearly 10% for the day, and continues to hover below the $20,000 mark at press time. The last time Bitcoin was in the $19,000 range was December 2020. Back then, hitting $19,450 was… Source link

CashFi (CFI) is one of the most talked-about cryptocurrencies right now, even without being launched. A lot of buzz has been generated around it, and experts predict it to go on a bullish run.  This is because of the virality it has gotten, which has made lots of investors read up about it. That is why you’re here, after all. That’s a good thing, though, as it shows you know what you’re doing.  Lots of people see a coin trending and then rush to buy it without carrying out any due… Source link

(Independent) The price of bitcoin has fallen through $20,000, marking an important milestone in the ongoing collapse of cryptocurrency. It means the value of bitcoin is lower than it has been since 2020, and represents the point at which many analysts had expressed concerns that sentiment could continue to spiral. The drop has been driven in part by the failure of two major cryptocurrency projects: Terra Luna and Celsius. Both were intended as important ways of promoting the stability of… Source link

Bitcoin has fallen to a significant new low in the current bear market. On Saturday morning, Bitcoin dropped below $20,000, according to data from CoinMarketCap—a milestone seen as a crucial support level for the top cryptocurrency by market cap. At time of going to press, Bitcoin is trading at around $19,460, down over 6% on the day. Although BTC breaching $20,000 is a largely symbolic barrier, experts believe a drop below this level could trigger a wave of ‘forced liquidations’, in… Source link

Decentralized finance (defi) has been hit hard by the recent crypto market rout as the total value locked (TVL) across 118 different blockchains has slipped below the $100 billion mark to today’s $74.27 billion. The TVL in defi today is down more than 70% from its December 2, 2021, all-time high (ATH) at $253.91 billion. Moreover, since December 2021, the top smart contract platform tokens have lost 70% in value against the U.S. dollar as well, sliding from $823 billion to today’s… Source link

Ethereum has seen more interest in recent days. Most of it has come from the price decline of the digital asset which has allowed investors to get in at a much lower price. This interest can be easily seen in the rise of the Ethereum-denominated open interest. In the last week, this has risen dramatically. Mostly, it has been managing funds that have been at the forefront of this increase. Ethereum Open Interest Soars For the better part of the past month, the… Source link

Monero (XMR) gets a neutral rating from InvestorsObserver Friday. The crypto is up 4.36% to $113.36 while the broader crypto market is up 0.19%. Monero has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Neutral Over the last five days, Monero has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Monero over the… Source link

Litecoin (LTC) gets a neutral rating from InvestorsObserver Friday. The crypto is up 1.46% to $46.3 while the broader crypto market is down 0.86%. Litecoin has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Litecoin! Neutral Over the last five days, Litecoin has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of… Source link

Ether (ETH) price is down 37.5% in the last seven days and recent news reported that developers decided to postpone the network’s migration to a proof-of-stake (PoS) consensus. This upgrade is expected to end the dependency on proof-of-work (PoW) mining and the Merge scalability solution that has been pursued for the past six years. Competing smart contracts like BNB, Cardano (ADA) and Solana (SOL) outperformed Ether by 13% to 17% since June 8 even though there was a market-wide correction in… Source link

Litecoin price analysis shows that the market is on a bullish trajectory as the price has surged to $46.58. The cryptocurrency trades between an ascending parallel channel, which may act as a support and resistance level for LTC in the near future. The Litecoin price is currently following an uptrend as it breached the upper boundary of the descending triangle pattern. Cryptocurrencies price heatmap, Source: Coin360 Litecoin price is expected to retrace towards the $47.65 resistance level,… Source link