Ether’s (ETH) performance over the past three months has been less than satisfying for holders and the 50% correction since April 3 caused the altcoin to test the $1,800 support for the first time since July 2021. Ether/USD 1-day chart at Kraken. Source: TradingView Due to the volatility in stocks, investors had been seeking shelter in the United States dollar and on May 13, the DXY index reached its highest level in 20 years. DXY measures the USD against a basket of major foreign currencies,… Source link

Image source: Getty Images The price of the Ethereum blockchain’s native token tumbled to $1,759.20 this morning as the project’s cofounder warns of a potential delay in moving to proof of stake. Key points The Ether coin — the native crypto of the Ethereum blockchain — was down as much as… Source link

What happened Ahead of the upcoming “merge” that will combine the Ethereum (ETH -3.35%) proof-of-stake Beacon Chain with its existing network, anticipated for August, investors have yet another headwind to grapple with today. As of 9:30 a.m. ET, Ethereum is the worst performer among top 10 cryptocurrencies by market capitalization, dropping 10% over the past 24 hours. This move was driven by a seven-block reorganization, or reorg, yesterday. Ethereum’s Beacon… Source link

Monero (XMR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Digital Money has fallen 3.48% to $194.75. InvestorsObserver is giving Monero a 38 Volatility Rank. Find out what this means to you and get the rest of the rankings on Monero! Moderately Volatile InvestorsObserver gives Monero a moderate volatility rank of 38, placing it in the bottom 38% of cryptos on the… Source link

Bitcoin (BTC) recovered from a major dip at the May 26 Wall Street open as the market quickly exhausted buy support.  BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Bitcoin volume surges with more expected Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to $28,000 on Bitstamp — its lowest since May 12 and the Terra LUNA implosion.  Progress had already accelerated to the downside on the day, this culminating in a liquidity grab that sent 24-hour BTC… Source link

Ethereum slipped below $1,900 during Thursday’s session, as prices dropped to a two-week low. Bitcoin was also trading lower over the course of the day, as it fell under $29,000. Overall, crypto was down over 3% as of writing. Bitcoin BTC fell below $29,000 earlier in today’s session, as bearish pressure continued to intensify heading towards the end of the week. Following a high of $29,972.64 only yesterday, the world’s largest cryptocurrency dropped to an intraday low of… Source link

LTC/USD traded lower today, breaking below the 64.35 barrier, marked by the lows of May 16th and 19th. The crypto has been oscillating between that barrier and the 74.10 zone since May 13th, but in the bigger picture, all this was happening below the downside line taken from the high of March 30th. Thus, the break below the lower end of the short-term range, combined with the intact downside line, paints a negative short-term picture. In our view, the dip below 64.35… Source link

Now that Bitcoin has lost more than one-third of its value so far this year, what does the future hold for the famed cryptocurrency, and all other cryptocurrencies, as a hedge against inflation? Getty Images The price of Bitcoin has collapsed so far this year by more than one third, to $28,793 as of May 24, and is continuing to head south, suggesting that the worst could be yet to come.  Bitcoin, and all the thousands of other coins — known as altcoins (Ethereum, Tether, Solana,… Source link

Key Takeaways Monero could retrace by more than 20% over the next few days.  A sustained close below $191 should validate the bearish thesis.  XMR will likely need to claim $207 as support to be able to advance further.  Share this article Monero has rallied over the past week. However, further gains could be limited as several technical indicators are pointing to a significant pullback ahead. Monero Could Take a Nosedive Monero looks primed for a steep correction after… Source link

Ethereum dipped below the $1,900 support level over the past few hours. A decisive close below such a vital demand zone will put ETH at risk of a 38% correction toward $1,200. This pessimistic outlook derives from the formation of a bear pennant pattern on the four-hour chart.  ETH 4-hour chart Ethereum would have to claim $2,100 as support for a chance of invalidating the bearish thesis, which appears like a challenging tasks due to the low trading volumes in the… Source link