As the price of Bitcoin [BTC] begins to touch its January 2021 lows, the majority of the market is motivated by fear. Players in the market have now commenced massive distribution of the coin to salvage their investments. However, many who believe in the intrinsic value of Bitcoin, still hold the token in anticipation of a bullish run. One of those bullish on the eventual success of the largest cryptocurrency is Jan Van Eck, the CEO of a global investment manager, VanEck. The… Source link

(Kitco News) The crypto space saw another sudden crash over the weekend as Bitcoin and Ethereum posted significant losses, eroding future price outlooks. Bitcoin was below $28,000 on Sunday, down 6% during the last week. And Ethereum witnessed even bigger losses, touching a low of $1,433 — the lowest level in about a year and a half — and now trading down 15.6% on the week. The key macro driver hurting the crypto space, which has largely been trading like a risk-on… Source link

The global crypto market has seen consistent changes in value as the global economy has continued to see problems. The value of Bitcoin has stayed in an uncertain situation and has affected the remaining market as well. Most of the altcoins have shed value, some even halving it. The situation has seen little improvement as the US economy has continued to affect other markets across the globe, crypto being no exception.   The instability in the US markets has continued to affect crypto…. Source link

An altcoin can be described as any cryptocurrency token which presents an alternative to Bitcoin- the first and still most predominant cryptocurrency, which many see as synonymous with cryptocurrency itself. Litecoin (LTC), RoboApe (RBA), and UNUS SED LEO (LEO) are all examples of altcoins, all with unique properties that allow them to stand out from Bitcoin by providing features and opportunities not seen with the crypto giant. Learn more about each of them below. Litecoin (LTC) Lights the… Source link

Crypto analyst Justin Bennett predicted a significant pullback in Bitcoin price as crypto market capitalization takes a hit.  Bennett argues Bitcoin is in the middle of a breakdown from a bearish continuation pattern.  The analyst sets a downside target of $23,500, a 15% decline from the current price level for Bitcoin.  Bitcoin price continues to bleed as crypto market capitalization declines. Analysts believe Bitcoin and altcoins could witness further pullback… Source link

Ethereum lost 20% of its value in the last three days and has performed much worse than Bitcoin. Speculations about the Celsius network liquidity crisis have intensified the panic sell. Where is the bottom? Technical Analysis Technical Analysis By Grizzly The Daily Chart On the daily timeframe, the bears could finally push the price below the key support of $1,700 (marked yellow on the following chart). ETH is now trading at its lowest levels since March 2022. At present, it… Source link

Litecoin has always been overshadowed by its bigger brother Bitcoin. Litecoin was for a long time the second-largest cryptocurrency. However, many newer cryptocurrencies emerged, providing better use cases than Litecoin. That’s why Litecoin dragged and even became out of the top 20 cryptocurrencies by market cap. Today, as the crypto market continues to crash, Litecoin prices dip and aim to reach lower support areas. Is Litecoin dead? Should you buy Bitcoin instead of Litecoin?… Source link

Ethereum’s native token Ether (ETH) entered its “oversold” territory this June 12, for the first time since November 2018, according to its weekly relative strength index (RSI). This is the last time $ETH went oversold on the weekly (hasn’t confirmed here yet). I had no followers, but macro bottom ticked it. Note, you can push way lower on weekly rsi, not trying to catch a bottom. https://t.co/kLCynTKTcS — The Wolf Of All Streets (@scottmelker) June 12, 2022 ETH eyes oversold… Source link

Bitcoin (BTC) saw further losses on June 12 as thin weekend trading volumes fueled an ongoing sell-off. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst likens risk asset ‘pump’ to 1929 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $27,150 on its sixth straight day of downside. With hours to go until the weekly close, the pair was in danger of resuming the losing streak, which had previously seen a record nine weeks of red candles in a… Source link

Hundreds of thousands of crypto traders are getting their positions liquidated as Ethereum (ETH) and the rest of the digital asset markets witness another large sell-off event. Data from cryptocurrency futures trading and information site Coinglass shows that more than $521 million worth of crypto positions have been obliterated in the last 24 hours. Traders who were betting on a relief rally suffered the brunt of the sell-off as over $443 million worth of long positions were… Source link