Massive ETH holdings have been moved into exchanges as the shakedown continues for the Ethereum community. ETH holdings worth around $2.1 billion were transferred to exchanges over the past week with investors under increasing pressure. Ethereum has started the new month poorly and is down again after under-performing across May. Not clicking very well! Something seems to be wrong with Ethereum as it just can’t get it right recently. May 2022 has been one of the worst correction months for… Source link

Despite a strong start to the week, bitcoin fell below $30,000 on Thursday, as crypto bears returned to action. Following an uncertain day of trading yesterday, bearish momentum has taken charge of markets, with ETH also in the red. Bitcoin Following a strong start to the month, BTC fell lower, dropping below $30,000 on the second day of June. Bitcoin rallied to a nearly three-week high earlier this week, however on Thursday fell to an intraday low of $29,501.59. This drop comes less… Source link

Pseudonymous crypto trader Altcoin Sherpa is outlining his outlook on several altcoins amid this week’s market volatility. The analyst tells his 176,300 Twitter followers the native token for smart contract platform Avalanche (AXAX) could see a good short-term trading opportunity soon, though he doesn’t think the asset has hit its “macro bottom” quite yet. $AVAX: Could see a move up to the mid/high 30s if this current level continues to hold. IMO not the macro bottom… Source link

Ethereum price indicates the possibility of a minor bounce on a short-term outlook. The macro outlook for ETH shows that there is a potential for a 30% crash to $1,300. On-chain metrics suggest that the smart contract token could continue to bracket between $1,700 and $2,200. Ethereum price has flipped its direction on the three-hour chart, undoing gains seen between May 28 and 31. While this correction might seem bearish, it could trigger a minor relief rally… Source link

Bitcoin (BTC) fell over 5% over the last day to retreat back under $30,000, wiping off most of its recent gains. The leading cryptocurrency gave investors a touch of hope at the start of the week after staging a mini-rally to first reclaim the $30,000 level on Monday before briefly surpassing $32,000 the following day. It was the first time in three weeks that Bitcoin had traded at those levels; however, it failed to keep the upward momentum, plunging to an intraday low of $29,501 on… Source link

In a May 30 tweet, Ethereum (ETH) core developer Tim Beiko confirmed that the much-anticipated Ropsten testnet trial of the Merge from proof-of-work to proof-of-stake can be expected “around June 8 or so.” Interestingly, Ether’s price action is relatively unchanged despite the unexpected bullish announcement. There was a +10% spike on May 30, but those gains were given back between May 31 and June 2. It is very likely that the Merge — currently anticipated in August — has yet to be… Source link

ETH Price at the time of writing – $1,935.00 Whale sent $45,241,142 worth of Ethereum off Bitfinex 17.18% of the total supply remains liquid across all centralized exchanges An Ethereum (CRYPTO: ETH) whale sent $45,241,142 worth of Ethereum off Bitfinex. The ETH address related with this exchange has been recognized as: 0xd41cdb2a35a666e8e1f9f53054e85091b67e13af Whales ordinarily send cryptographic money from trades while wanting to hold their speculations for a drawn-out timeframe. Putting… Source link

At a business conference Wednesday, JPMorgan Chase CEO, and crypto skeptic, Jamie Dimon told investors and analysts the bank would be conservative with its balance sheet, and to prepare for rough economic times. Dimon said he was worried about central bank quantitative tightening and the continued fallout from Russia’s invasion of Ukraine. “Right now, it’s kind of sunny, things are doing fine, everyone thinks the [U.S. Federal Reserve] can handle this,” Dimon said. “That hurricane is… Source link

If you’ve been on Crypto Twitter lately, you might be asking yourself: WTF are all these goblin NFTs clogging up my feed? We had the Kevin spinoffs from Pixelmon, the CryptoDickButts, the MFers … and now this? But if you’ve been lucky enough to avoid much of the meme-laden JPG fodder, let Decrypt introduce you to the one—and only—Goblintown. Goblintown isn’t a real place. It’s a state of mind that involves groaning, moaning, memes, and an undying obsession with urine and fecal… Source link

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