Bitcoin (BTC) could be on the verge of a retail major sell-off as exchange inflows spike to almost three-and-a-half-year highs. Data from on-chain analytics platform CryptoQuant shows users of 21 major exchanges sending coins to their wallets en masse on June 14. Major exchanges finish up 83,000 BTC in a single day As BTC/USD fell to lows of $20,800, panic appeared to set in among traders, and despite a reversal that at one point topped $23,000, few seemed willing to trust that the worst was… Source link

Monero price is in freefall as the Federal Reserve prepares to deliver its biggest rate hike in decades. The XMR token has crashed in the past ten straight days and is trading at the lowest point since November 2020. It is trading at $110, which is about 80% below the highest level in 2021, bringing its market cap to about $2 billion. Federal Reserve decision Monero has had a difficult period even as demand for privacy cryptocurrencies remains elevated. The coin has crashed by more than 80%… Source link

Ether, the second-largest crypto by market cap, was changing hands at roughly $1,200, about flat from Monday when it hit a more than 18-month low. Among altcoins, SOL and XLM were recently up more than 5% after plunging on Monday, but WBTC and TRX continued to suffer with the latter off by over 13% at one point. Source link

FatCamera / Getty Images/iStockphoto Litecoin (LTC) is a cryptocurrency that launched shortly after Bitcoin. The “gold standard” of crypto — Bitcoin — was revealed to the world in 2009, while Litecoin followed on its heels in 2011. Litecoin is often called the “silver” to… Source link

Ether (ETH) price nosedived below $1,100 in the early hours of June 14 to prices not seen since January 2021. The downside move marks a 78% correction since the $4,870 all-time high on Nov. 10, 2021. More importantly, Ether has underperformed Bitcoin (BTC) by 33% between May 10 and June 14, 2022, and the last time a similar event happened was mid-2021. ETH/BTC price at Binance, 2021. Source: TradingView Even though Bitcoin oscillated in a narrow range two weeks before the 0.082 ETH/BTC peak,… Source link

This leaves traders fearing monetary tightening throughout the year with no break, as Atlanta Fed President Raphael Bostic suggested earlier this month, temporarily buoying crypto markets. Economists at Goldman Sachs (GS) now are forecasting 75 basis point rate hikes for both June and July, followed by a 50 basis point increase in September plus a 25 basis point hike in November and in December. Source link

Ethereum’s native token Ether (ETH) is showing signs of bottoming out as ETH price bounced off a key support zone. Notably, ETH price is now holding above the key support level of the 200-week simple moving average (SMA) near $1,196.  The 200-week SMA support seems purely psychological, partly due to its ability to serve as bottom levels in the previous Bitcoin bear markets. Independent market analyst “Bluntz” argues that the curvy level would also serve as a strong price floor for Ether… Source link

Ethereum price nosedived as bears chased $1,000, analysts predict further decline in the altcoin.  A researcher at the Ethereum Foundation sounds alarms as Lido passes one-third of Ethereum staking.  Experts warn Ethereum holders after a major squeeze comprising $100 million liquidity pushed ETH price 20% lower on Uniswap.  Ethereum price plummeted in response to the sale of 65,000 Ethereum on Uniswap. The major squeeze negatively influenced the Ethereum price,… Source link

Ethereum price in distress as firm rejection unfolds.  More pain to come as ETH price looks for support which could mean a break below $1,000. Expect to see another 30% devaluation in the making. Ethereum (ETH) price is set to drop another 30% as bulls got burned in the ASIA PAC trading session after a firm rejection triggered another downside move. After this, morale amongst investors looks to be broken, and more cash outflow is expected, putting more pressure on… Source link

Text size It has been a brutal few days for crypto traders. Dusan Zidar/Dreamstime Source link