Bitcoin price has breached a significant support level at $34,752 on the weekly time frame, hinting at a descent. Ethereum price followed BTC’s lead and crashed below the $2,541 foothold. Ripple price has also flipped below a stable floor but technicals are still reflecting a bullish possibility. Bitcoin price is in a fragile state after a breakdown of a critical support barrier. Ethereum, Ripple and many altcoins have already crashed a lot and could continue doing so if BTC does not… Source link

Bitcoin (BTC) starts the second week of May 2022 by bringing up bearish ghosts from its past — how much worse could the picture get for hodlers? After falling to nearly $33,000, the largest cryptocurrency is giving market participants, new and old, a run for their money, and the fear is palpable. A brutal combination of macro cues, which are set to continue this week and beyond, forms the backdrop for some historical chart retests that no one wanted to see again. As calls for capitulation… Source link

Key Takeaways Bitcoin and Ethereum have dipped by more than 15% over the past four days. Bitcoin could dive to $28,060 if it breaches the $32,850 support level. Ethereum must hold above $2,500 to avoid a downswing to $1,720 or lower. Share this article Bitcoin and Ethereum are still trending downwards while fear surrounding the global macroeconomic environment escalates. Losses could accelerate as both cryptocurrencies appear to breach vital demand zones. Bitcoin and Ethereum Face… Source link

InvestorsObserver analysis gives Monero a low risk assessment. The proprietary scoring system calculates how much money was required to move the price over the past 24 hours with changes in volume and market capitalization to discover if a crypto can potentially be easily manipulated by limited trading activity. Low values representing high risk while high scores equate to low risk based on a 0 to 100 range. InvestorsObserver is… Source link

The cryptocurrency’s market tumble over the weekend echoed the broader stock market’s decline last week as investors moved away from riskier assets. Dreamstime … Source link

The crypto economy has dropped considerably in value during the last five weeks, slipping 23.28% from $2.19 trillion to today’s $1.68 trillion. Furthermore, both bitcoin and ethereum are awfully close to sinking 50% below the all-time highs recorded six months ago. Bitcoin Sinks Lower Against the US Dollar, 39% Down in 30 Days Digital currency markets have been in the red during the last few weeks, as a great number of crypto assets have seen significant percentage losses. During… Source link

Following years of development and an initial announcement made in February this year, Litecoin, on 3 May announced that its major update MimbleWimble (MWEB) has been locked in for activation. Lead developer, David Burkett confirmed that the process of update will be completed over the course of 2 weeks. The MimbleWimble upgrade is expected to enhance the user experience by providing users the option to make confidential transactions on the Litecoin Network. After recording a total… Source link

An apartment in Portugal has changed hands, with the buyer paying directly in cryptocurrency in a reported first for the country. The home was purchased for 3 bitcoins without conversion to euros, under a new regulation permitting real estate deals with digital currencies. Buyer Pays With Bitcoin for Apartment in Braga, Portugal A three-room (two-bedroom) apartment in the Portuguese city of Braga has been bought with cryptocurrency without any conversion to fiat money. Local media… Source link

With bitcoin’s price continuing to lose value, the popular Fear and Greed Index has dropped into an extreme fear territory once again. In fact, the metric hasn’t been in such a poor state since late January, when the asset’s price dropped to $33,000. Fear Takes Over Ever since the end of March, the landscape around the primary cryptocurrency has been rather bearish. Bitcoin was close to $50,000 at that point but failed and started to lose value gradually. In April… Source link

While ups and downs are part of a cryptocurrency’s trajectory, the broader momentum is usually poised to be positive, albeit a market crash takes place. But that is not the case with Litecoin. Litecoin is not going up… The altcoin’s fixed trajectory is downwards as ever since it marked its ATH in May, the coin was stuck within the downtrend wedge, failing escape attempts. And as of yesterday, it not only fell through it, LTC also fell through the $100 mark, displaying no signs of… Source link