Bitcoin dropped 15% in 24 hours today, falling below $40,000 for the first time since March 15. Meanwhile, Ethereum dipped 14%, finding itself beneath the $3,000 mark for the first time since March 23.  It’s part of a larger trend, with crypto markets tumbling 8.5% in the span of 24 hours to hit a market cap of $1.84 trillion, according to CoinMarketCap. If you’re looking for plausible answers as to why, it’s worth checking out the equities markets. The S&P 500, an index of 500 top publicly… Source link

Protocols in the Cosmos ecosystem have seen a significant amount of growth in 2022 due to the intensifying focus on blockchain interoperability and compatibility with the Ethereum network.  One protocol that has seen a buildup in momentum since the middle of March is Kava, a project that is developing a co-chain architecture for the Cosmos and Ethereum network. Data from Cointelegraph Markets Pro and TradingView shows that the price of Kava’s native token KAVA has climbed 72.3% after… Source link

At CamboFlare, an Asian fusion restaurant in Big Lake, Minnesota, customers can pay with cash, credit card, major cryptocurrencies and soon CamboCoin — a cryptocurrency created specifically for the restaurant. Since the restaurant opened in November 2020, it has accepted payments by bitcoin, bitcoin cash, Ethereum, and Dogecoin. Now it is one of the only restaurants in Minnesota, according to owner Mike Nget, taking this step. But at CamboFlare, so few people actually pay in crypto that the… Source link

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Bitcoin could slump to $30,000 as the era of cheap money comes to a close and investors move cash from speculative assets to safer bets, market watchers suggest. Analysts note that cryptocurrencies are being treated by investors much the same as speculative tech stocks. While the tech-heavy Nasdaq was down nearly 4% last week, crypto appears to be getting hit even harder. In the last 24 hours alone, bitcoin is down more than 6% and ethereum is down more than… Source link

Ethereum price has downward Fibonacci projection targets at $2,900 and $2,670. ETH price volume has increased in bearish favor. Invalidation for the bearish count is a break above $3,300. Ethereum price has suffered a blow at the $3,200 support level. Investors should consider further drops in the ETH price as the bears display strong control. Ethereum price support has vanished Ethereum price is at the time of writing, trading at $3,040 and retesting a key… Source link

What happened After a decent rally in recent months, the crypto market is coming off a tough weekend as macro concerns continue to spark fear in the broader market. Over the last 24 hours, the world’s largest cryptocurrency, Bitcoin ( BTC -3.33% ), traded more than 4% lower as of 11:05 a.m. ET. The price of the world’s second-largest cryptocurrency, Ethereum ( ETH -5.77% ), traded nearly 6.6% lower, and the price of Dogecoin ( DOGE -5.31% ) traded nearly 10% down…. Source link

According to CoinMarketCap.com, there is an estimate of over 17,000 cryptos currently in the market! All are created with different utilities and purposes. When searching for a coin that will best suit your immediate needs and long-term goals, you can often become overwhelmed, so we’ve researched for you. The Many Benefits Of Crypto With more than thousands of cryptocurrencies competing in the market, choosing the best one for you is not an easy task, especially if you are just getting… Source link

The immediate support is about $40,000. “On the support side, buying activity has been concentrated around the $40,000 level, where 820,000 BTC was previously acquired, making this the price to watch out for,” Lucas Outumuro, head of research at blockchain analytics firm IntoTheBlock, said in a newsletter published Friday. Source link

Bitcoin (BTC) saw a predictable fall into the Wall Street open on April 11 as bears took the market toward $40,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin edges toward $40,000 Data from Cointelegraph Markets Pro and TradingView showed last week’s downtrend gathering pace Monday after a disappointing weekly close. The calm weekend thus gave way to volatility as the new week began, this being led by equities losing ground worldwide. In Asia, the Hang Seng closed down… Source link