Last month cryptocurrencies tried to turn bullish, with the risk sentiment improving in financial markets which sent Bitcoin (BTC) above $48,000. Litecoin (LTC) and Ethereum (ETH) reversed higher as well and made some decent gains. But the bullish move has ended and the downtrend seems to have resumed again. Although, these cryptocurrencies are facing some major support now, which will be decisive whether cryptocurrencies continue to be bearish or if they will reverse higher soon. Litecoin… Source link

Arman Shirinyan SHIB, XMR and APE are leading the cryptocurrency rally with 10% price increase in last hours As top-tier cryptocurrencies like Ethereum and Bitcoin are plunging, altcoins like Monero, ApeCoin and Shiba Inu are adding close to 10% to their values in the last 24 hours, indicating traders and investors are choosing riskier options, per CoinMarketCap. Shiba Inu on the rise Shiba Inu showed itself as one of the strongest positions on the cryptocurrency market today after… Source link

“Due to the Russia/Ukraine war, core inflation reading is key to watch out for, as this strips out gas and food, giving the Federal Reserve the green light to continue to hammer the market with aggressive policy,” Marcus Sotiriou, analyst at the U.K. based digital asset broker GlobalBlock, said in an email. Source link

Text size Bitcoin and ether have suffered their worst daily falls since early this year. Barron’s Advisor/Dreamstime … Source link

The top 50 cryptocurrencies by market cap looked like a blood bath at the time of this press as bears continue their assault. Other than stablecoins, Monero (XMR) is the only cryptocurrency that seems to be holding on to some previous gains. A look at XMR’s latest price action reveals that it has been on a bullish trajectory since 24 February. However, while most other top cryptocurrencies peaked and commenced retracement at the start of April, Monero managed to ward off the bears.

Ethereum price is retesting the support confluence, ranging from $3,000 to $2,800. A breakdown of this barrier could lead to a steep correction to $2,000. Short-term on-chain metrics suggest that a further move to the south is possible. Ethereum price has arrived at a vital support level after crashing for the past week. This downswing puts ETH at a make or break point, indicating that things could go either way. However, if the big crypto continues to stumble, the… Source link

Monero price is defying gravity as other cryptocurrencies slump. The XMR token is trading at $240, which is about 10% above the lowest level this week. This price is slightly below the year-to-date high of $252. As a result, its total market cap has risen to more than $4.3 billion. Why is XMR rising? Cryptocurrencies are having a difficult time as investors continue worrying about the global economy as inflation soars. Bitcoin, the biggest cryptocurrency in the world, has moved below $40,000… Source link

April 12 (Reuters) – A crypto platform’s pledge to amass $10 billion worth of bitcoin to back its own “stablecoin” is firing up the market. It’s part of a wider movement to crown bitcoin as the reserve currency of a new age. Seoul-based Terraform Labs has so far built up nearly 40,000 bitcoin worth $1.7 billion in a series of purchases via a non-profit affiliate, Luna Foundation Guard, according to publicly available blockchain data. The spree follows Terraform co-founder Do Kwon’s… Source link

Ethereum gained bearish momentum below the $3,100 level against the US Dollar. ETH price extended decline and settled below the $3,000 support zone. Ethereum started another decline and traded below the key $3,000 support. The price is now trading below $3,050 and the 100 hourly simple moving average. There is a connecting bearish trend line forming with resistance near $2,990 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover, but upsides might be capped near… Source link

da-kuk/E+ via Getty Images Thesis Summary Monero (XMR-USD) is privacy-focused crypto that enables completely anonymous transactions. Monero is unique in many ways, and I can see why some would be interested in owning it. However, I will initiate my review with a Hold rating, given that I see more interesting crypto projects out there. Technology Monero is a privacy-focused cryptocurrency. Contrary to popular belief, transactions on most blockchains can be tracked by anyone. They are after all… Source link