Bitcoin (BTC) is bouncing back this week as a sudden surge challenges weekly highs. In what should provide some desperately needed confidence to bulls, BTC/USD is back at weekly highs on May 30, gaining several percent overnight. In contrast to recent weekly closes, the May 29 candle managed to limit the downside and reverse course immediately as the new week began. Nonetheless, Bitcoin has now sealed nine red weekly candles in a row, something never seen before in its history. Just how bearish… Source link

Cryptocurrencies are a rage these days. Tech-savvy investors are increasingly adopting these new-age digital currencies as an alternative investment option. Even Kiwi investors are charmed by these cryptos and are foraying into the crypto world. As per reports, 64% of the Kiwi adults know what cryptocurrency is, which is much ahead of countries like the US and Russia, wherein only 59% and 60% of adults are aware of the nuances of cryptos. A lot of crypto exchanges are there in New Zealand… Source link

Ethereum formed a base near $1,740 and started a recovery wave against the US Dollar. ETH is now facing a major resistance near the $1,900 zone. Ethereum started a recovery wave above the $1,800 and $1,820 levels. The price is now trading above $1,820 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,820 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $1,900 and $1,920 resistance levels to… Source link

The average Ethereum network fee has dropped to the lowest value recorded in over ten months, after fees hit a low of $2.96 per transaction on Sunday afternoon (ET). The last time ethereum transfer fees dropped below the $3 mark was last year on July 11, 2021. Moreover, median fees are even cheaper, as the median-sized ethereum transaction fee on May 29 is around 0.00086 ether or $1.56 per transfer. Ethereum Gas Costs Sink to Lowest Levels Since July 2021 Ethereum network fees are the… Source link

“Currently, stablecoins are only used on crypto exchanges, not in mainstream payments systems. But it isn’t necessary to make them legal tender for them to be used for mainstream payments. The U.K. has a fast, cheap, comprehensive e-payment system to which banks are the gateways. The vast majority of payments in the U.K. use this system. Newer technologies such as PayPal can also be used for many retail purchases.” (CoinDesk columnist Frances Coppola) … “The week of the terraUSD (UST)… Source link

Ethereum seems to be running low on gas as it edges towards capitulation. Recent weeks have been nothing but a stain on the vision endorsed by Buterin and his team. The altcoin king dropped to a 14-month low over the weekend as it continues to struggle. “Far from home” The Ethereum community was perplexed after learning that ETH dropped to $1,724 over the weekend. This is its lowest value in the past 14-months which only adds to the downswing observed in recent months. A Santiment tweet… Source link

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All altcoin speculators eye Ethereum’s price behavior, due to its role as the second-largest cryptocurrency and the top altcoin besides Bitcoin. Technical Analysis Technical Analysis By  Grizzly Key Support Levels: $1700 & $1500 Key Resistance Levels: $2200 & $2400 The Daily Chart Based on the following candlestick chart, ETH is struggling at a descending line (marked blue) that has provided both support and resistance for more than a year. It is critical that this line,… Source link

Finding good cryptocurrencies to invest in is difficult since it requires actively researching many tokens before you stumble upon that rare gem. Investing in a single token is risky so it is always better to find more than one coin for diversification of the portfolio. We have identified three cryptocurrency tokens that could potentially provide 10X gains if you manage to accumulate huge quantities at the right price. Mehracki (MKI) Token is built around travel,… Source link

Monero achieves a low risk analysis based on InvestorsObserver research. The proprietary system gauges how much a coin can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk. InvestorsObserver is giving Monero a low… Source link