As per the latest data released by Santiment, on 7 May, the Ethereum network experienced a 3.4 times rise in the number of transactions as compared to any other day. The tweet further went out to state that with the ongoing market capitulation, this is the first time in the last 3.5 years that the ETH token has witnessed this volume of transactions in a single day. Ether at the moment The token, at press time, was in the green, but it hasn’t performed quite well in the last four weeks, to… Source link

Monero (XMR) gets a neutral rating from InvestorsObserver Saturday. The crypto is down 2.22% to $207.32 while the broader crypto market is down 0.29%. Monero has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Neutral Over the last five days, Monero has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Monero… Source link

Litecoin (LTC) gets a neutral rating from InvestorsObserver Saturday. The Digital Money asset is up 0.57% to $96.21 while the broader crypto market is down 0.32%. Litecoin has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Litecoin! Neutral Over the last five days, Litecoin has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the… Source link

Text size Fidelity’s push into Bitcoin is raising controversy but could be lucrative for the company. Dreamstime.com … Source link

The cryptocurrency market has calmed down after the massive drop over the last two days. Currently, ETH lies on top of a critical support level, which most analysts refer to as a key level developed over the previous 12 months. Technical Analysis Technical Analysis By Grizzly The Daily Chart On the daily timeframe, after the bears pushed the price down more than 10% over the past two days, the weekend has been relatively stable. However, is this calm before a giant… Source link

Following a recent string of declines, ETH continued to hover close to a six-week low to start the weekend. BTC was also lower on Saturday, as the world’s largest cryptocurrency remained closer to a two-month low. Bitcoin BTC was once again trading lower on Saturday, as prices were battling to find a floor following Friday’s selloff. After hitting an intraday low of $35,482.13 during yesterday’s session, BTC/USD was marginally higher, but still close to its two-month low.

Bitcoin (BTC) found a new home at $36,000 into May 7 as volatility finally cooled into the weekend.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Terra down at least $250 million in crunch Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling the $36,000 mark overnight after losing 12% in just 72 hours. Still near its lowest levels since late February, the pair had nonetheless avoided a rematch of 2022 lows at the time of writing despite low-volume weekend… Source link

It’s getting ugly out there. Bitcoin is down over 8% this week and has fallen nearly 50% from last year’s all-time-high. The situation isn’t much better for Ethereum, down 5% over the week, while newer best-of-breed coins like Solana (SOL), Terra (LUNA), and Avalanche (AVAX) fell over 10% this week. Things haven’t looked this bad in a while, and it’s going to get worse before it gets better. But don’t be alarmed. Like the meme of the dog in a bowler hat sitting in a house on fire: This is… Source link

Bitcoin has steadied itself within the $35.8k to $36.2k zone and could spend a considerable chunk of the weekend within this area. Monero and Zilliqa looked likely to test their demand areas once more. XRP had a more neutral outlook on shorter timeframes. Monero (XMR) Source: XMR/USDT on TradingView XMR has a bearish outlook on the charts. It has bounced from the $196 level twice now but the second bounce was shallower than the first. This suggested that bears have a strong grip on the… Source link

NFT collective Doodles announced today that former Billboard President Julian Holguin is joining the group as CEO. The official Doodles account tweeted: “Julian will work alongside the founders to expand Doodles IP throughout music, gaming, and entertainment, while deeply integrating culture into the product.” That’s fitting, considering the decades-long career Holguin has had in the music and entertainment industry. During his 10 years at music industry website and chart maker… Source link