Monero receives a strong long-term technical score of 91 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. Currently, XMR holds a superior long-term technical analysis score than 91% of… Source link

This week’s Bitcoin (BTC) chart leaves little doubt that the symmetrical triangle pattern is breaking to the upside after constricting the price for nearly 20 days. However, derivatives metrics tell a completely different story because professional traders are unwilling to add leveraged positions and are overcharging for downside protection. BTC-USD 12-hour price at Kraken. Source: TradingView Will BTC reverse course even as macroeconomic conditions crumble? Whether BTC turns the $30,000 to… Source link

Bitcoin (BTC) lost bullish momentum at the June 1 Wall Street open as United States equities faced another day of retracement. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Zooming out, “nothing” has changed Data from Cointelegraph Markets Pro and TradingView captured a sharp U-turn for BTC/USD at the start of trading, $1,600 in three hours. At the time of writing, the pair traded at around $30,400, giving back the past days’ gains. For Cointelegraph contributor Michaël van de… Source link

Following yesterday’s gains, both bitcoin and ethereum consolidated on Wednesday, as bullish momentum eased. After rallying above $32,000, BTC moved marginally lower during the hump-day session, while ETH once again fell below $2,000. Bitcoin BTC was trading lower on hump-day, as bullish sentiment slightly faded, following yesterday’s price surge. Following a move to a nearly three-week peak of $32,249.86 on Tuesday, BTC/USD dropped to a bottom of $31,286.15 earlier today. This… Source link

ApeCoin, the NFT token has teamed up with authentication app tokenproof to verify and distribute tickets to Ape Fest ’22. ApeCoin now ranks in the top 10 cryptocurrencies held by large wallet investors on the Ethereum blockchain. Analysts believe ApeCoin price breakout to $7.20 could confirm a bullish trend in the NFT token. Large wallet investors on the Ethereum network are bullish on ApeCoin price. Whales have consistently accumulated the NFT token ahead of Ape… Source link

No harm, no foul, right? Not so fast. Reorgs can be exploited by bad actors to engage in malicious activities like double spending. They can also lead to rejected transactions, which is a major user experience bummer. Blockchains actively try to avoid reorgs, and last week’s Beacon Chain reorg was the longest Ethereum has experienced in years. Source link

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists. Life as an investor means constantly being on the lookout for that next big coin. It isn’t always a simple task, and it’s easy to overlook some gems due to several factors. The crypto market is a vastly competitive space, with crypto tokens constantly swapping places, falling and then rising again. Such is the way things… Source link

ANI | Updated: Jun 01, 2022 12:32 IST New Delhi [India], June 1 (ANI/ATK): It’s no secret that cryptocurrency is becoming more and more mainstream with each passing day.With the rise in popularity of Bitcoin (BTC) and other digital currencies, people are looking for new ways to get involved in the crypto world.CashFi (CFI), Monero (MXR), and ApeCoin (APE) are three cryptos that… Source link

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link